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| Tuesday’s UK 100 Leaders | Price (p) | % Chg |
| Pearson | 543.2 | 6.05% |
| Berkeley Group Holdings | 4,694 | 4.99% |
| Barratt Developments | 541 | 4.68% |
| Next | 5,262 | 3.34% |
| Land Securities | 549.8 | 3.31% |
| Tuesday’s UK 100 Laggards | Price (p) | % Chg |
| GVC | 714.8 | -2.27% |
| CRH | 2,944 | -1.90% |
| Spirax-Sarco Engineering | 10,500 | -1.82% |
| WPP | 592.4 | -1.76% |
| Halma | 2,207 | -1.69% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,129 | 0.4% | -18.8% |
| DOW JONES INDUS. AVG | 26,379 | -0.8% | -3.0% |
| DAX INDEX | 12,835 | 0.0% | 3.3% |
| NIKKEI 225 | 22,657 | -0.3% | 4.8% |
| S&P/ASX 200 INDEX | 6,021 | -0.4% | -11.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 40.95 | -1.56% |
| Brent Crude (ICE) | USD/bbl. | 43.15 | -0.60% |
| Gold Spot | USD/t oz. | 1,956 | 0.7% |
| Copper (Comex) | USd/lb. | 291 | 0.4% |
Click graph to enlarge
UK 100 called to open -7 points this morning at 6130. Major US indices yesterday followed European markets lower after UK Prime Minister Boris Johnson warned that there were “Signs of a second coronavirus wave in Europe” driving down investor sentiment. This paired with investor frustration at the lack of notable progress with a fresh US Coronavirus aid package, however the Fed is expected to sound reassuringly accommodative at its policy review later today. This saw the Dow Jones eventually close 205 points lower at 26,379. The S&P also closed lower by 0.7% at 3,218 and the Nasdaq completed an all round red day stateside, closing 1.3% lower at 10,403. Today the Federal Reserve is set to conclude is two-day policy meeting, at which forward guidance will probably determine the next moves and the extension of several emergency lending facilities, fuelling anticipation of a particularly dovish tone. The big winner yesterday, once again was gold, the previous metal and traditional safe haven once again, struck a record high level at the close of the session.
Aston Martin losses grow as sales tumble after they report a pre-tax loss of £227m (2019: £80m loss).
Barclays has set aside a higher than expected £1.6bn (£1.42bn expected) to cover a possible rise in loan losses in Q2, as the economic impact of the coronavirus pandemic begins to bear down on its consumer business. They booked a pre-tax profit of £1.3bn for H1 2020 (2019: £3bn).
GSK and Sanofi have reached an agreement with Britain to supply it with up to 60 million doses of a potential COVID-19 vaccine.
Next sales in Q2 2020 declined by around 28%, a much better result than it expected at the height of the COVID-19 pandemic, allowing them to forecast a FY 2020 profit of around £195m.
Premier Foods sees strong start to Q2 2020 as sales jumped 22%, but they expect this trend to normalise through the quarter as people gradually return to eating out of home.
Rio Tinto reports that H1 2020 profit drops 4% but they’ve declared an interim ordinary dividend of $2.5bn, equivalent to 155 cents US per share and have reconfirmed their 2020 production guidance across all commodities.
Smith & Nephew reports that H1 2020 revenue fell 18.1% to $2.035bn as hospitals focus on critical care, delaying elective surgeries during the coronavirus crisis. Trading profit in H1 2020 fell to $172m (2019: $532m).
Taylor Wimpey predicts 40% drop in home completions this year as they reported a H1 2020 pretax loss of £39.8m (2019: £299.8m profit).
Tullow Oil sees impairment of up to $1.7bn on lower oil price outlook. They have $3bn in net debt and untapped liquidity with free cash of around $500m.
Aston Martin
Barclays
Drax Group
Jupiter Fund Management
Rathbone
Rio Tinto
Smith & Nephew
Smurfit Kappa
Taylor Wimpey
Unite
Wizz Air
Lancashire Holdings
Next
Premier Food
Astrazeneca
BAE Systems
Inchcape
Rentokil International
Schroders
Segro
Royal Dutch Shell
Evraz
Lloyds Banking Group
US – Pending Home Sales
US – Fed Interest Rate Decision
UK 100:
RELX
UK 250:
Foresight Solar Fund
GCP Infrastructure Investments
BB Healthcare Trust
City of London Investment Trust
Monks Investment Trust
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