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Morning Report - 10 January 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
NMC HEALTH PLC 1,340.0 6.6%
VODAFONE GROUP PLC 152.0 3.0%
ROLLS-ROYCE HOLDINGS PLC 685.4 3.0%
LONDON STOCK EXCHANGE GROUP 7,766.0 3.0%
INTL CONSOLIDATED AIRLINE-DI 634.6 2.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 1276.5 -4.3%
KINGFISHER PLC 217.5 -2.9%
BHP GROUP PLC 1771.2 -2.0%
BRITISH LAND CO PLC 592.6 -1.7%
PEARSON PLC 625.0 -1.6%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,598 0.3% 9.4%
DOW JONES INDUS. AVG 28,957 0.7% 20.6%
DAX INDEX 13,495 1.3% 23.9%
NIKKEI 225 23,851 0.5% 18.3%
S&P/ASX 200 INDEX 6,929 0.8% 19.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.52 -0.07%
Brent Crude (ICE) USD/bbl. 65.37 0.00%
Gold Spot USD/t oz. 1,551 -0.1%
Copper (Comex) USd/lb. 281 0.2%
UK 100 called to open +30 points at 7631

UK 100 : 1 hours, 4 Months

Click graph to enlarge

Markets Overview:

 

UK Index called up 30 points, at 7631. Asia was mixed on Friday ahead of Non-Farm Friday. US and European equity futures rose whilst gains in Hong Kong and China fizzled out. The US continued its good start to the year with the S&P hitting fresh record highs. This on the back of Middle East tensions subsiding, with the US and Ian stepping back from the brink of war. Also adding to sentiment were jobless claims, which fell more than expected adding to signs of economic strength ahead of payrolls. The positive sentiment continues with China’s vice premier visiting Washington next week to sign the first phase of the deal between US and China. West Texas dipped 0.2% to $59.50 whilst Gold slid 0.3% to $1547.5 per ounce.

 

In corporate news this morning:

 

 

JD Sports sees FY pre tax profit in the upper end of current market expectations.Current market expectations range from £403-433m for FY headline pretax profit.  

 

Ryanair raises FY guidance to new range of 950-1,050m euros due to stronger Christmas period traffic and higher customer yields. Forward bookings Jan-Apr are +1% ahead of this time last year. Their Austrian subsidiary Lauda’s losses have risen from 80m to 90m euros due to price wars. 


Superdry issues a profit warning after poor Christmas trading on older product. Underlying pre tax profit for the year would be in the £0-10m range (Verses analysts average forecasts of £40.5m).

 

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Reporting Today:

 

None

 

Reporting Next Week:

 

Page Group, Taylor Wimpey, Games Workshop, Diploma, Genel Energy, Persimmon, Tullow OIl, ABF, Dechra, Hays, Halfords, John Wood, Whitbread, The Gym Group

 

Upgrades/Downgrades:

 

Diploma Downgraded to Underperform by RBC Capital Markets (Bloomberg: 0 Buys/ 8 Holds/ 1 Sells)

 

Dominos Pizza Downgraded to Add by Numis Securities (Bloomberg: 0 Buys/ 8 Holds/ 1 Sells)

 

Gresham House Upgraded to Buy by Panmure Gordon & Co (Bloomberg: 4 Buys/ 0 Holds/ 0 Sells)

 

Hays Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 2 Buys/ 13 Holds/ 1 Sells)

 

Jupiter Fund Management Downgraded to Sell by Panmure Gordon & Co (Bloomberg: 1 Buys/ 6 Holds/ 9 Sells)

 

Marstons Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 5 Buys/ 7 Holds/ 4 Sells)

 

Mitchells & Butler Upgraded to Sector Perform by RBC Capital Markets (Bloomberg: 6 Buys/ 9 Holds/ 2 Sells)

 

Pagegroup Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 5 Buys/ 8 Holds/ 1 Sells)

 

Restaurant Group Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 11 Buys/ 6 Holds/ 0 Sells)

 

Travis Perkins Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 2 Buys/ 16 Holds/ 3 Sells)

 

William Hill Downgraded to Hold by Deutsche Bank (Bloomberg: 10 Buys/ 9 Holds/ 1 Sells)

 

 

In Focus Today:

 

Non Farm Payrolls

 

Tomorrow’s Ex Dividends:

 

UK 100 :

 

SSE, Compass Group, Ashtead Group

 

:

 

Scottish Investment Trust, Shaftesbury, Future

 

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.


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