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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| TESCO PLC | 243.1 | 4.7% |
| AVIVA PLC | 404.4 | 1.6% |
| SAINSBURY (J) PLC | 223.5 | 1.6% |
| SEVERN TRENT PLC | 2,280.0 | 1.4% |
| BARCLAYS PLC | 171.7 | 1.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| PHOENIX GROUP HOLDINGS PLC | 713.7 | -3.7% |
| RENTOKIL INITIAL PLC | 429.8 | -2.4% |
| TUI AG-DI | 957.8 | -2.1% |
| MELROSE INDUSTRIES PLC | 227.8 | -1.7% |
| COMPASS GROUP PLC | 1827.5 | -1.4% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,234 | -0.1% | 7.6% |
| DOW JONES INDUS. AVG | 27,910 | -0.4% | 14.3% |
| DAX INDEX | 13,106 | -0.5% | 23.4% |
| NIKKEI 225 | 23,410 | -0.1% | 10.3% |
| S&P/ASX 200 INDEX | 6,707 | -0.3% | 20.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 58.94 | -0.14% |
| Brent Crude (ICE) | USD/bbl. | 64.16 | -0.14% |
| Gold Spot | USD/t oz. | 1,463 | 0.1% |
| Copper (Comex) | USd/lb. | 276 | -0.1% |
Click graph to enlarge
UK 100 called to open +7 at 7240 this morning; this follows overnight data that showed that China’s consumer inflation is at 8 year high, however PPI is stuck in the red. This paired with a lack of recent progress in U.S-SINO trade negotiations lead to a trading session in the red for major Asian bourses, the Nikkei fell 15 points to close at 23415, while the Hang Seng fell 11 points to close at 26483. Trading in the U.S also saw major indices trade lower, the Dow closed out the day at 27909 -105 points, will we see a break back through 28000 today? The S&P closed at 3136, -10 points & the Nasdaq closed at 8621, a fall of 35 points. Meanwhile oil overnight held firm over $64.5 per barrel as the Saudis agreed to cut production by 167,000 bpd, will further cuts see oil trading back to $70 a barrel? This was the level being touted on oil prices.com. Gold remained firm around the $1462 level overnight. With the general election just 48 hours away, will we continue to see investors position themselves today? Are we also gearing up for another Santa rally? These are just some questions dancing investors today.
Ashtead released results this morning, seeing the group continuing to trade well with strong rental revenue growth. YoY H1: Rental revenue +13%; EBITDA +11%; Profit before tax 6%; EPS +11%; Total revenue 14%; Operating profit +8%; Profit before tax 6%; Interim dividend increased by 10%
Computacenter today announced that both revenue and profitability remain well ahead of 2018 YoY performance, also stating that the board now believe that both trading performance for 2019 for both profitability and EPS will be ahead of market expectations.
GKP announce that they are on track to meet original 2019 production guidance (32-38,000 bopd), with 32,127 barrels of oil per day being produced.
Just Eat urges shareholders to reject Prosus N.V.’s revised offer for the company of 740p (premium of +16%) per share as they believe that it significantly undervalues the company.
Royal Dutch Shell has experienced a malfunction in the gasoline producing unit in Norco Louisiana refinery.
SSE merger with Ovo has been given merger clearance after the Competition and Markets Authority (CMA) decided not to refer to a phase 2 investigation
Ted Baker announced Expectations for the period ending 25th January 2020 have been reduced to a minimum profit before tax of £5m, with a potential outcome of up to £10m dependent on Christmas trading and final year-end review. Black Friday period was below expectations. CEO Lindsay Page resigned today with Rachel Osborne becoming acting CEO with immediate effect. David Bernstein also stepped down as Executive Chairman with Sharon Baylay assuming the role as acting chair.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Hunting Downgraded to Neutral by Credit Suisse (Bloomberg: 9 Buys/ 5 Holds/ 2 Sells)
Marks & Spencer Downgraded to Hold by Morningstar (Bloomberg: 3 buys/ 11 holds/ 10 sells)
Ocado Upgraded to Buy by Berenberg (Bloomberg: 6 Buys/ 5 Holds/ 7 Sells)
Marks & Spencer Upgraded to Outperform by RBC Capital Markets (Bloomberg: 3 buys/ 11 holds/ 10 sells)
Ocado Upgraded to Hold by Morningstar (Bloomberg: 3 buys/ 11 holds/ 10 sells)
Segro Downgraded to Neutral by Goldman Sachs (Bloomberg: 10 buys/ 7 holds/ 2 Sells)
Shaftsbury Downgraded to Underweight by Barclays (Bloomberg: 1 buys/ 8 holds/ 5 Sells)
Chinese CPI Data
UK Trade Balance
UK Manufacturing Production Data
German ZEW Economic Sentiment
Ashtead Group
Wednesday: British American Tobacco, Ted Baker, Tui
Thursday: Dixon’s Carphone, Superdry, Versarian, Ocado, PZ Cussons, Serco Group
Friday: Balfour Beatty
(Full list available on Week in advance)
UK 100
3i Group – 1.6%
Associated British Foods (ABF – Owner of Primark) – 1.37%
Marston’s – 3.72%
Cineworld – 1.34%
Cranswick – 0.54%
(Full list available on Week in advance)
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