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Morning Report - 18 November 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
Centrica PLC 92.3 6.2%
Lloyds Banking Group PLC 44.6 3.5%
Imperial Brands PLC 2,105.0 2.5%
Natwest Group PLC 252.7 2.4%
British Land Company PLC 400.1 2.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Ocado Group 655.4 -9.7%
Hargreaves Lansdown PLC 826.0 -5.2%
Harbour Energy PLC 318.7 -4.5%
Halma PLC 2252.8 -4.1%
Spirax-Sarco Engineering PLC 11200.0 -3.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,350 0.0% 0.2%
DOW JONES INDUS. AVG 33,305 -0.7% -7.3%
DAX INDEX 14,256 0.2% -12.8%
NIKKEI 225 27,931 -0.4% -5.9%
S&P/ASX 200 INDEX 7,136 0.2% -3.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 83.66 -2.25%
Brent Crude (ICE) USD/bbl. 91.61 -1.35%
Gold Spot USD/t oz. 1,760 -0.8%
Copper (Comex) USd/lb. 369 -2.2%
The UK 100 is called to open +16 points this morning at 7362.

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +16 points this morning at 7362. The UK 100 looks set to open higher this morning after Retail sales data showed volumes rose 0.6% in October, above expectations for an increase of 0.3%.  In the US the Dow, S&P and Nasdaq all ended slightly lower in a subdued session as hawkish comments from a US Federal Reserve official and conflicting data as to the strength of the US economy saw investors pause for breath.  At the close the Dow was down 6 points, to 33,547, the S&P fell 12 points, or 0.3%, to 3,947 and the Nasdaq dropped 39 points, or 0.35%, to 11,145, all three major indices bounced during the session, recovering early sharp losses.

 

 

Company News & Broker Comments:

Company News:

BHP: OZ Minerals backs BHP’s revised offer of AUD28.25 per share with the offer valuing the company at AUD9.6bn.

 

 

Biffa’s CFO Richard Pike resigns to join DS Smith.

 

 

Bodycote says they are on track to meet FY expectations.

 

 

International Distribution Services: Royal Mail postal workers will strike for six days in the run-up to the busy Christmas period in a dispute over pay and conditions.

 

 

Legal & General says their global PRT business continues to perform “strongly” and their UK annuity portfolio is “highly resilient” to market moves. Their expectations for FY22 operating profit and capital generation remain unchanged. They note the UK Chancellor’s autumn statement as a “positive step forward”.

 

 

Rio Tinto terminates disputed agreements with Pentwater, SailingStone for Turquoise Hill offer.

 

 

Broker Comments:

No new broker comments

Reporting Today:

Liontrust Asset Management

 

TBC Bank Group

 

Reporting Monday:

Liontrust Asset Management

 

TBC Bank Group

 

In Focus Today:

 

UK Retail Sales

 

Next Week’s Ex-Dividends:

UK 100 companies going  ex-dividend on 24th November 2022:

 

Vodafone Group

 

British Land Company

 

Imperial Brands

 

National Grid

 

Land Securities Group

 

RS Group

 

Scottish Mortgage Investment Trust

 

UK 250 companies going  ex-dividend on 24th November 2022:

 

Diversified Energy Company

 

Urban Logistics REIT

 

3i Infrastructure

 

Volution Group

 

HICL Infrastructure

 

JPMorgan Global Growth & Income

 

Great Portland Estates

 

BlackRock World Mining Trust

 

Tate & Lyle

 

Witan Investment Trust

 

Kainos Group

 

Worldwide Healthcare Trust

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