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Morning Report - 21 November 2022

Thursday’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%


Thursday’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 7,386 0.5% 2.2%
DOW JONES INDUS. AVG 33,746 0.6% -5.2%
DAX INDEX 14,432 1.2% -10.7%
NIKKEI 225 27,945 0.2% -6.1%
S&P/ASX 200 INDEX 7,139 -0.2% -3.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.95 -0.16%
Brent Crude (ICE) USD/bbl. 87.36 -0.30%
Gold Spot USD/t oz. 1,744 -0.4%
Copper (Comex) USd/lb. 364 0.0%
The UK 100 is called to open -14 points this morning at 7371. 

4 hours; 8 Months

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Markets Overview:

The UK 100 is called to open -14 points this morning at 7371.  The UK 100 looks set to open slightly lower this morning after China reported its first death from Covid in six months, leading to concerns that the Chinese government could make a U-turn on its decision of easing the strict Covid zero rules.  The Hang Seng fell more than 2% today, after a more than 26% rebound in the first two weeks of November, while the CSI index slid 1.50%.  This comes after a positive end to the week on Wall Street, The Dow Jones rose 199.37 points, or 0.59%, to 33,745.69, while the S&P climbed 0.48% to 3,965.34. The Nasdaq finished just 0.01% above the flat line at 11,146.06.



Company News & Broker Comments:

Company News:

Compass Group report a FY pretax profit of £1.47bn (2021: £464m) as they launch a new £250m share buyback programme to be completed by H1 2023. They expect their FY23 underlying operating profit to be above 20% at a constant currency basis.



Diploma report a FY22 pretax profit of £129.5m (2021: £96.6m). They have increased their FY22 total dividend by 26% to 42.6p. In FY23 they expect mid-single digit organic revenue growth, weighted to H1. They state that FY23 has started well, consistent with guidance.



Virgin Money UK starts a £50m share buyback extension after they report a FY underlying pretax profit down 1% YoY.



Broker Comments:

Goldman Sachs Downgrades Boohoo to Neutral from Buy (5 Buys / 13 Holds / 3 Sells)



Goldman Sachs Upgrades B&M European Value Retail SA to Buy from Neutral (5 Buys / 10 Holds / 2 Sells)

Reporting Today:

Big Yellow Group


Compass Group




Molten Ventures


NextEnergy Solar Fund


Sirius Real Estate


Reporting Tuesday:

Caledonia Investments




Edinburgh Investment Trust


Euromoney Institutional Investor




Telecom Plus


In Focus Today:


PBoC Interest Rate Decision


German Producer Price Index


BoE’s Cunliffe speech


Chicago Fed National Activity Index


This 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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