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Morning Report - 10 May 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
SAINSBURY (J) PLC 233.0 2.2%
KINGFISHER PLC 242.0 2.1%
TESCO PLC 275.5 1.5%
COCA-COLA HBC AG-DI 1,567.0 1.2%
UNILEVER PLC 3,636.0 1.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
ENTAIN PLC 1248.5 -8.9%
SCOTTISH MORTGAGE INV TR PLC 777.0 -6.7%
ANTOFAGASTA PLC 1362.0 -6.5%
GLENCORE PLC 458.6 -6.0%
FLUTTER ENTERTAINMENT PLC-DI 7996.0 -5.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,217 -2.3% 1.3%
DOW JONES INDUS. AVG 32,246 -2.0% -7.2%
DAX INDEX 13,381 -2.2% -13.1%
NIKKEI 225 26,167 -0.6% -11.4%
S&P/ASX 200 INDEX 7,051 -1.0% -1.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 102.17 -0.89%
Brent Crude (ICE) USD/bbl. 104.90 -0.98%
Gold Spot USD/t oz. 1,861 0.4%
Copper (Comex) USd/lb. 423 0.9%
The UK 100 is called to open +54 points this morning at 7270.   

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +54 points this morning at 7270.  The UK 100 looks set to start today on the front foot, following yesterdays global market fall, which saw the UK’s blue chip index give up more than 2% to kick off the week.  On Wall street overnight stocks on the Nasdaq and the Russell indices, fell over 4% to levels last seen in late 2020.  The S&P 500 index gave up 3.2% and the Dow Jones dropped 2%.  Stocks in Asia also mainly dropped this morning, Japan’s Nikkei fell 0.29% and South Korea’s Kospi slipped 0.37%.  The Shanghai Composite in China however gained 1.07% while Hong Kong’s Hang Seng index declined 1.88% after returning to trade following a holiday on Monday.

 

 

 

Company News & Broker Comments:

 

Company News:

Centrica expects their FY adjusted earnings per share to around the top range of recent expectations.

 

 

Galliford Try updates that they continue to trade in line with management expectations.

 

 

Renishaw reports a pretax profit of £124m for the 9 months to March 31st, +47% YoY. They continue to record strong demand and they anticipate their FY adjusted pretax profit to be between £155-170m.

 

 

Wizz Air reports that their April 2022 passenger numbers were up at 3.62m v 564,634 the year before. They are exploring an expansion in Saudi Arabia, as they sign MoU with ministry of investment.

Broker Comments:

 

Berenberg Upgrades Domino’s Pizza to Hold from Sell (2 Buys / 3 Holds / 3 Sells)

 

 

Berenberg Upgrades IWG to Buy from Hold (7 Buys / 2 Holds / 0 Sells)

 

 

Deutsche Bank Downgrades Direct Line to Hold from Buy (8 Buys / 4 Holds / 0 Sells)

 

Reporting Today:

JD Sports Fashion*

 

Renishaw

 

Victrex*

 

 

 

Reporting Tomorrow:

 

3i Infastructure*

 

Airtel Africa

 

Brewin Dolphin Holdings

 

Compass Group

 

ITV

 

Spirax-Sarco Engineering

 

 

In Focus Today:

 

Chinese FDI – Foreign Direct Investment

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Economic Sentiment

 

German ZEW Survey – Current Situation

 

 

This Week’s Ex-Dividends:

 

FTSE 100:

BP

 

FTSE 250:

Inchcape

 

Lancashire Holdings

 

Greggs

 

Clarkson

 

BlackRock Smaller Companies Trust

 

Greencoat UK Wind

 

Serco Group

 

UK Commercial Property REIT

 

Petershill Partners

 

Fidelity Special Values

 

BMO Commercial Property 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.


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