This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Thursday’s UK 100 Leaders||Price (p)||% Chg|
|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|
|Hargreaves Lansdown PLC||826.0||-5.2%|
|Harbour Energy PLC||318.7||-4.5%|
|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%|
|S&P/ASX 200 INDEX||7,139||-0.2%||-3.5%|
|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%|
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.
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.
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)
Big Yellow Group
NextEnergy Solar Fund
Sirius Real Estate
Edinburgh Investment Trust
Euromoney Institutional Investor
PBoC Interest Rate Decision
German Producer Price Index
BoE’s Cunliffe speech
Chicago Fed National Activity Index
UK 100 companies going ex-dividend on 24th November 2022:
British Land Company
Land Securities Group
Scottish Mortgage Investment Trust
UK 250 companies going ex-dividend on 24th November 2022:
Diversified Energy Company
Urban Logistics REIT
JPMorgan Global Growth & Income
Great Portland Estates
BlackRock World Mining Trust
Tate & Lyle
Witan Investment Trust
Worldwide Healthcare Trust
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.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.