Getting latest data loading
Home / Morning Report / Morning Report – 23rd November 2022

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 23 November 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
Harbour Energy PLC 320.6 7.1%
BP PLC 488.0 6.5%
Entain PLC 1,365.0 5.3%
Shell PLC 2,382.5 4.8%
Glencore PLC 514.9 3.6%


Yesterday’s UK 100 Laggards Price (p) % Chg
Airtel Africa PLC 115.6 -3.5%
Hargreaves Lansdown PLC 808.4 -3.4%
Vodafone Group PLC 95.0 -3.2%
St. James’s Place PLC 1148.5 -2.6%
Ocado Group PLC 631.2 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,453 1.0% 2.6%
DOW JONES INDUS. AVG 34,098 1.2% -4.8%
DAX INDEX 14,422 0.3% -9.5%
NIKKEI 225 28,116 0.6% -5.6%
S&P/ASX 200 INDEX 7,232 0.7% -2.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.26 0.38%
Brent Crude (ICE) USD/bbl. 88.74 0.43%
Gold Spot USD/t oz. 1,743 0.2%
Copper (Comex) USd/lb. 364 0.7%
The UK 100 is called to open +20 points this morning at 7472.  

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +20 points this morning at 7472.  The UK 100 looks set to open higher once again this morning following on from a strong rally both sides of the pond yesterday as oil prices rebounded.  In focus today with be the federal reserve minutes.  At the close the Dow Jones was up 398 points, or 1.18%, to 34,098, the S&P advanced 54 points, or 1.36%, to 4,004 and the Nasdaq jumped 150 points, or 1.36%, to 11,174.



Company News & Broker Comments:

Company News:

Britvic report a FY pretax profit of £175.1m (2021: £134.6m profit) as they raise their FY dividend by 20% to 29p. They state that current trading remains robust and in line with expectations.



De La Rue reports a H1 pretax loss of £15.9m (2021: £10.9m profit) which is in line with July’s guidance. They guide their FY adjusted operating profit to be £30-33m, below £36m consensus.



Entain completes the acquisition of Croatia-based gaming and sportsbook operator SuperSport.



Glencore agree terms for sale and purchase of Glencore Cobar mine. They will receive $1.1bn and 1.5% net smelter return life of mine royalty from mine sale.



Halfords H1 pretax profit falls 54% to £29.3m from £64.3m YoY. They declare an unchanged 3p per share interim dividend.



Johnson Matthey reported a slightly lower HY profit as supply chain pressures constrained production volumes for the group’s automotive customers and as prices of precious metals softened. They reported a group underlying operating profit for the six months ended Sept 30th of £222m (2021: £297m profit).



Pets at Home reported a lower H1 profit hurt by a surge in freight and energy costs amid rising inflation. Their underlying profit before tax for the six months ended Oct 13th fell 9.3% to £59.2m.



United Utilities reports that their interim pretax profit grows to £426.3m (2021: £212.7m profit) as they declare a 15.17p per share interim dividend.




Broker Comments:

Bernstein Upgrades Glencore to Outperform from Market-perform (8 Buys / 2 Holds / 0 Sells)



Deutsche Bank Upgrades Sage Group to Hold from Sell (9 Buys / 6 Holds / 1 Sell)



Panmure Upgrades British Land to Buy from Hold (3 Buys / 8 Holds / 0 Sells)



Panmure Upgrades Land Securities to Buy from Hold (4 Buys / 10 Holds / 0 Sells)

Reporting Today:



Discoverie Group


HICL Infastructure


Johnson Matthey


Londonmetric Property


Pets at Home Group


Severn Trent


United Utilities


Reporting Thursday:



Personal Asset Trust


Virgin Money


In Focus Today:


German S&P Global/BME Composite PMI


German S&P Global/BME Manufacturing PMI


German S&P Global/BME Services PMI


EU S&P Global Composite PMI


EU S&P Global Manufacturing PMI


EU S&P Global Services PMI


UK S&P Global/CIPS Composite PMI


UK S&P Global/CIPS Manufacturing PMI


UK S&P Global/CIPS Services PMI


UK Autumn Forecast Statement


US Durable Goods Orders


US Initial Jobless Claims


US Nondefense Capital Goods Orders ex Aircraft


US S&P Global Composite PMI


US S&P Global Manufacturing PMI


US S&P Global Services PMI


US Michigan Consumer Sentiment Index


US New Home Sales


US UoM 5-year Consumer Inflation Expectation


FOMC Minutes


Tomorrow’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

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.

Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.