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Morning Report - 20 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

Click graph to enlarge

Markets Overview:

The UK 100 called to open -8 points at 7,496.  The UK 100 looks set to open marginally lower today as investors look ahead to the Autumn Statement on Wednesday.  Oil prices have risen following reports that Saudi Arabia is preparing to prolong oil production cuts into next year as Opec+ weighs further reductions in response to falling prices and rising anger over the Israel-Hamas war.   On Wall Street Friday, all three major indices ended the session higher, the S&P added 0.13% to settle at 4,514.02. The Dow Jones ended the day higher by 0.01%, or 1.81 points, closing at 34,947.28. The Nasdaq crept up by 0.08% to end the session at 14,125.48.



Company News & Broker Comments:

Company News:

Ashtead has warned sales and profit will be below current market expectations after a quieter hurricane season and writers’ and actors’ strike persisting longer than expected.  The international equipment rental company now expects both group and US rental revenue growth in the range of 11 to 13% (previous guidance for both: 13 to 16%), which will result in Ebitda being 2 to 3% below current market expectations.


Compass said it expected underlying operating profit growth of around 13% in the year ahead.  Revenues have surged for Compass by almost 22% to top £10 billion in the year to end September as the foodservice and catering group cheered “favourable market conditions, persistent inflation and said its flexible operating model continued to support strong balanced net new business growth across all our regions.”


London Stock Exchange Group PLC has appointed Michel-Alain Proch its new CFO.


MusicMagpie PLC has confirmed it is holding talks with both BT Group PLC and Aurelius Group over a possible bid for the firm.


Broker Comments:

 No New broker comments

Reporting Today:



Big Yellow Group

Compass Group


Sirius Real Estate





Zoom Video Communications


Reporting Tomorrow:



Caledonia Investments


Telecom Plus

Workspace Group











In Focus Today:

PBoC Interest Rate Decision

German Producer Price Index

German Buba Monthly Report

BoE’s Governor Bailey speech


This 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

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