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Yesterday’s UK 100 Leaders | Price (p) | % Chg |
Gsk PLC | 1,492.4 | 7.5% |
Ocado Group PLC | 685.8 | 3.6% |
Haleon PLC | 305.7 | 3.6% |
Smith (Ds) PLC | 317.0 | 2.6% |
Dechra Pharmaceuticals PLC | 2,736.0 | 2.1% |
Yesterday’s UK 100 Laggards | Price (p) | % Chg |
Ashtead Group PLC | 4889.0 | -3.5% |
Rolls-Royce Holdings PLC | 90.5 | -3.2% |
Harbour Energy PLC | 300.3 | -2.9% |
Glencore PLC | 540.3 | -2.8% |
Bt Group PLC | 116.9 | -2.8% |
Major World Indices | Price | % Chg | 1 YEAR |
UK 100 INDEX | 7,489 | -0.4% | 2.1% |
DOW JONES INDUS. AVG | 33,598 | 0.0% | -6.0% |
DAX INDEX | 14,261 | -0.6% | -9.1% |
NIKKEI 225 | 27,574 | -0.4% | -4.5% |
S&P/ASX 200 INDEX | 7,176 | -0.7% | -3.1% |
Commodities | Units | Price | % Chg |
WTI Crude Oil (Nymex) | USD/bbl. | 72.93 | 1.28% |
Brent Crude (ICE) | USD/bbl. | 78.08 | 1.18% |
Gold Spot | USD/t oz. | 1,786 | 0.0% |
Copper (Comex) | USd/lb. | 387 | 0.3% |
The UK 100 is called to open +22 points this morning at 7511. The UK 100 looks set to make steady gains this morning and open back above 7500, having briefly broken below yesterday, supported by gains in Hong Kong. In Asia on Thursday, the Japanese Nikkei 225 index was down 0.4%, the Shanghai Composite was down 0.1%, while the Hang Seng index in Hong Kong was up 3.0%. Us Markets recovered early losses to end broadly flat, with the exception of the tech heavy Nasdaq, At the close the Dow Jones Industrial Average was up 1 point at 33,597, the S&P 500 fell, for a fifth consecutive day, by 7 points, or 0.2%, to 3,934 while the Nasdaq Composite dipped 56 points, or 0.5%, 10,959.
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Balfour Beatty says their year-end order book is expected to be around 5% ahead of the prior year. They expect profit for the year to be ahead of market expectations due to net interest. They expect FY average monthly net cash of around £800m v £740-780m previously.
British American Tobacco guides 2022 revenue growth of 2-4% at constant forex and mid-single adjusted diluted EPS growth at constant FX. They state that US industry volumes are under pressure amid downtrading but their new category arm is seeing strong volume, revenue and share growth. They have added 3.2m consumers to non-combustible franchise in the last 9 months to 21.5m. They expect strong adjusted operating margin improvement despite inflation.
DS Smith reports a H1 pretax profit of £322m, up 82% from £177m YoY as they increase their H1 dividend by 25% to 6p. They have upgraded their expectations for FY23, as they expect H2 to be consistent with H1 performance.
Ryanair reaches a deal with CEO Michael O’Leary to extend his contract to July 2028.
Tullow Oil confirms interim CFO Richard Miller as their permanent CFO.
JP Morgan Downgrades Travis Perkins to Underweight from Neutral (5 Buys / 13 Holds / 1 Sell)
JP Morgan Upgrades Just Group to Overweight from Neutral (3 Buys / 3 Holds / 0 Sells)
UBS Downgrades London Stock Exchange to Neutral from Buy (7 Buys / 3 Holds / 0 Sells)
DS Smith
Berkeley Group Holdings
Diploma
Frasers Group
US Initial Jobless Claims
UK 100 companies going ex-dividend on 8th December 2022:
Intermediate Capital Group
JD Sports Fashion
UK 250 companies going ex-dividend on 8th December 2022:
Sirius Real Estate
Investec
Liontrust Asset Management
Energean
SDCL Energy Efficiency Income Trust
Assura
Shaftesbury
Temple Bar Investment Trust
Johnson Matthey
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