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Home / Morning Report / Morning Report – 17th November 2023

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Morning Report - 17 November 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Halma PLC 2,028.0 3.2%
National Grid PLC 1,010.0 2.1%
Endeavour Mining PLC 1,711.0 1.6%
Centrica PLC 149.3 1.2%
SSE PLC 1,771.0 1.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 1,550.0 -11.2%
Ocado Group PLC 559.4 -6.2%
Hargreaves Lansdown PLC 710.0 -5.8%
Smith (Ds) PLC 286.4 -4.2%
Smurfit Kappa Group PLC 2,746.0 -3.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,411 -1.0% 0.9%
DOW JONES INDUS. AVG 34,945 -0.1% 4.2%
DAX INDEX 15,787 0.2% 10.7%
NIKKEI 225 33,585 0.5% 20.3%
S&P/ASX 200 INDEX 7,049 -0.1% -1.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.91 0.01%
Brent Crude (ICE) USD/bbl. 77.46 0.05%
Gold Spot USD/t oz. 1,984 0.2%
Copper (Comex) USd/lb. 369 -0.3%
The UK 100 called to open +28 points at 7,438

4 hours; 6 Months

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Markets Overview:

The UK 100 called to open +28 points at 7,438.  The UK 100 is expected to open higher on Friday ahead of retail figures.  In New York on Wall Street saw indices close broadly unchanged with the Dow Jones down 0.1%, the S&P up 0.1% and the Nasdaq up 0.1%.  UK retail sales data this morning showed an unexpected fall in October, adding to the impression that a string of interest rate hikes designed to beat down inflation is beginning to stymie economic activity, giving hope that further rate rises could have a negative impact on the economy.



Company News & Broker Comments:

Company News:

AstraZeneca says Truqap plus Faslodex approved in the US for patients with breast cancer form. The approval is based on phase 3 trial results that showed reduced death risk.


FirstGroup enter into a strategic decarbonisation partnership with Hitachi. They will form a 50/50 joint venture called NetGen Asset.


Hill & Smith completes the acquisition of United Fiberglass for $14m cash.


Marston’s appoints Justin Platt as their new CEO, effective from 10th January, replacing Andrew Andrea.


Broker Comments:

Barclays Upgrades Babcock to Overweight from Equal Weight (6 Buys / 4 Holds / 0 Sells)


Barclays Upgrades NatWest to Overweight from Equal Weight (7 Buys / 7 Holds / 1 Sell)


Jefferies Downgrades Great Portland Estates to Underperform from Hold (4 Buys / 7 Holds / 1 Sell)

Reporting Today:









Reporting Monday:



Big Yellow Group

Compass Group


Sirius Real Estate





Zoom Video Communications



In Focus Today:

UK Retail Sales

EU Core Harmonized Index of Consumer Prices

BoE’s Ramsden speech

US Building Permits

US Housing Starts


Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 23rd November 2023:


Scottish Mortgage Investment Trust

RS Group

National Grid

Vodafone Group

Imperial Brands


Land Securities Group


UK 250 companies going ex-dividend on 23rd November 2023:


Volution Group

BlackRock World Mining Trust

3i Infrastructure

Witan Investment Trust

Tate & Lyle

Urban Logistics REIT

Kainos Group

British Land Company

Babcock International Group

HICL Infrastructure

Liontrust Asset Management

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.

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