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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| IMPERIAL BRANDS PLC | 1,496.8 | 12.3% |
| SMITHS GROUP PLC | 1,226.0 | 9.9% |
| FLUTTER ENTERTAINMENT PLC | 7,288.0 | 9.9% |
| ASHTEAD GROUP PLC | 1,765.5 | 8.1% |
| CARNIVAL PLC | 981.4 | 7.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 666.8 | -4.7% |
| UNITED UTILITIES GROUP PLC | 902.8 | -4.7% |
| LLOYDS BANKING GROUP PLC | 32.0 | -4.5% |
| M&G PLC | 112.6 | -4.2% |
| EXPERIAN PLC | 2251.0 | -4.1% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 5,672 | 2.0% | -22.5% |
| DOW JONES INDUS. AVG | 21,917 | -1.8% | -16.5% |
| DAX INDEX | 9,936 | 1.2% | -13.8% |
| NIKKEI 225 | 18,065 | -4.5% | -13.2% |
| S&P/ASX 200 INDEX | 5,259 | 3.6% | -15.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 20.07 | -2.00% |
| Brent Crude (ICE) | USD/bbl. | 22.74 | -0.09% |
| Gold Spot | USD/t oz. | 1,588 | 0.7% |
| Copper (Comex) | USd/lb. | 218 | -2.2% |
Click graph to enlarge
UK 100 called to open -220 points at 5454. A negative trading session in Asia looks likely to continue into European markets this morning, this was after HSBC and Standard Chartered plunged in Hong Kong after deciding to scrap dividend and buybacks following urging from the U.K. regulator. Barclays also cancelled a payment of more than 1 billion pounds due to be distributed on Friday. The Nikkei traded 4.5% lower closing 851 points lower at 18,065. In Hong Kong we saw the Heng Seng pull back 2.49%, closing 591 points down at 23,011. Oil once again pulled back overnight, having seen signs of a relief rally yesterday, having traded at fresh 18 year lows on Monday, brent crude trades at $22 a barrel at time of writing. Traditional safe haven gold has seen a small pick up overnight, trading almost 1% higher at $1588.
Barclays cancel their dividend payments and sharebuy backs for 2020 including the FY 2019 dividend (6p) due for payment on the 3rd of April.
HSBC have cancelled their fourth interim dividend of $0.21 cents per share, scheduled to be paid on the 14th of April.
Lloyds announce they will undertake no quarterly or interim dividend payments or share buybacks until the end of this year. Therefore cancelling their dividend policy for 2020.
Royal Bank of Scotland announce they are to undertake no quarterly or interim dividend payments this year (including share buybacks) and have defered decisions on any future shareholder distributions until the end of 2020.
Standard Chartered have withdraw the recommendation to pay a final dividend for 2019 (20 cents per share) and are going to suspend their share buy-back programme. As a result no interim dividend will be accrued, recommended or paid in 2020.
Vodafone has completed the sale of Vodafone Malta to Monaco Telecom SAM for 250m euros.
FCA has asked UK companies to delay results
for at least two weeks to prevent investors acting on out-of-date information
FCA has asked UK companies to delay results
for at least two weeks to prevent investors acting on out-of-date information
CN – Chinese Caixin PMI
US – ADP Employment change
US – ISM Manufacturing PMI
UK 100 :
Smith & Nephew
Mondi
Melrose
Phoenix Group Holdings
Standard Life Aberdeen
:
Chemring Group
Moneysupermarket
Provident Financial
IMI
Man Group
ConvaTec Group
CLS Holdings
TP ICAP
Quilter
Softcat
JD Wetherspoon Upgraded to Buy by HSBC (Bloomberg: 4 Buys/ 5 Holds/ 6 Sells)
Marstons Upgraded to Hold by HSBC (Bloomberg: 3 Buys/ 7 Holds/ 3 Sells)
London Stock Exchange Group Downgraded to Reduce by AlphaValue (Bloomberg: 6 Buys/ 4 Holds/ 3 Sells)
Meggitt Upgraded to Overweight/in-line by Morgan Stanley by HSBC (Bloomberg: 8 Buys/ 6 Holds/ 0 Sells)
Mitchells & Butler Upgraded to Buy by HSBC (Bloomberg: 8 Buys/ 6 Holds/ 0 Sells)
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