This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Yesterday’s UK 100 Leaders | Price (p) | % Chg |
FRESNILLO PLC | 823.4 | 2.3% |
PERSHING SQUARE HOLDINGS LTD | 2,590.0 | 0.8% |
AUTO TRADER GROUP PLC | 631.4 | 0.5% |
SAINSBURY (J) PLC | 260.1 | 0.3% |
ADMIRAL GROUP PLC | 3,209.0 | 0.3% |
Yesterday’s UK 100 Laggards | Price (p) | % Chg |
MELROSE INDUSTRIES PLC | 156.4 | -5.7% |
ANGLO AMERICAN PLC | 2717.5 | -5.1% |
MONDI PLC | 1844.0 | -4.7% |
WHITBREAD PLC | 3202.0 | -4.5% |
TESCO PLC | 221.8 | -4.1% |
Major World Indices | Price | % Chg | 1 YEAR |
UK 100 INDEX | 7,017 | -1.9% | 11.5% |
DOW JONES INDUS. AVG | 33,290 | -1.6% | 28.7% |
DAX INDEX | 15,448 | -1.8% | 25.3% |
NIKKEI 225 | 28,011 | -3.3% | 24.5% |
S&P/ASX 200 INDEX | 7,235 | -1.8% | 21.8% |
Commodities | Units | Price | % Chg |
WTI Crude Oil (Nymex) | USD/bbl. | 71.94 | 0.42% |
Brent Crude (ICE) | USD/bbl. | 73.73 | 0.30% |
Gold Spot | USD/t oz. | 1,778 | 0.8% |
Copper (Comex) | USd/lb. | 414 | -0.5% |
UK 100 is called to open -32 points this morning at 6985. Wall Street’s sharp fall on Friday was triggered by comments on Friday night by James Bullard when he said that the Fed might need to raise rates in late 2022 instead of 2023 which looks likely to spill over to London, getting the week off to a negative start, falling below the 7000 mark. In Asia earlier, Japan was the biggest casualty in the fall as the Nikkei dropped 3.6%. Hong Kong’s Hang Seng was off 1.5%, while the Shanghai Composite was barely changed.
Capita expects their H1 adjusted revenue to be flat year-on-year as trading has improved in H1 in line with expectations. They are to sell their 51% stake in Axelos to PeopleCert for £183.6m.
Morrisons WM Supermarkets has rejected a £5.5bn takeover bid from private equity firm Clayton, Dubilier & Rice (CD&R) believing it “significantly undervalued” the company. The conditional cash offer was for £2.30 per share.
Deutsche Bank Upgrades St James’s Place to Buy from Hold (7 Buys / 8 Holds / 0 Sells)
Jefferies Downgrades SSE to Hold from Buy (7 Buys / 7 Holds / 0 Sells)
Morgan Stanley Upgrades Ocado to Overweight from Equal weight (6 Buys / 8 Holds / 2 Sells)
UBS Downgrades Rio Tinto to Sell from Neutral (7 Buys / 9 Holds / 3 Sells)
None
Centrica
DS Smith PLC
PBoC Interest Rate Decision
Chicago Fed National Activity Index
Fed’s Williams speech
UK 100:
JD Sports Fashion
Vodafone Group
Experian
British Land Company
United Utilities Group
UK 250:
Tate & Lyle
Airtel Africa
Edinburgh Investment Trust
JPMorgan European Smaller Cos Tst
LXI REIT
Mercantile Investment 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.
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.