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Morning Report - 10 September 2020

Wednesday’s UK 100 Leaders Price (p) % Chg
BT GROUP PLC 110.0 5.6%
ASHTEAD GROUP PLC 2,844.0 5.3%
UNILEVER PLC 4,743.0 3.8%
BRITISH AMERICAN TOBACCO PLC 2,668.5 3.6%
STANDARD CHARTERED PLC 386.7 3.0%
Wednesday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 210.7 -3.8%
INTL CONSOLIDATED AIRLINE-DI 200.4 -3.6%
WHITBREAD PLC 2364.0 -3.6%
ITV PLC 62.6 -2.9%
INTERCONTINENTAL HOTELS GROU 4356.0 -2.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,013 1.4% -17.3%
DOW JONES INDUS. AVG 27,940 1.6% 4.1%
DAX INDEX 13,237 2.1% 8.3%
NIKKEI 225 23,033 -1.0% 7.7%
S&P/ASX 200 INDEX 5,879 -2.2% -11.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 37.90 -0.39%
Brent Crude (ICE) USD/bbl. 40.79 2.54%
Gold Spot USD/t oz. 1,946 -0.1%
Copper (Comex) USd/lb. 305 0.1%

 

UK 100 called to open -10 points this morning at 6002.

1 day; 6 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -10 points this morning at 6002.  Asian markets overnight saw Japan’s Nikkei add 158 points or 0.69% to 23,191 and Hong Kong’s Hang Seng was up 0.21% to 24,516, whilst the Shanghai Composite was 0.53% higher at 3,271. On Wednesday in the US, saw the Dow Jones rally by 439.58 points, or 1.6%, to close at 27,940.47. The S&P also jumped 2% to 3,398.96. The Nasdaq bounced 2.7% to 11,141.56 as tech stocks saw somewhat of a recovery having suffered over the past three trading sessions.  Tesla shares rebounded by 10.9% on the day, while the Dow was lead higher by a 4% recovery in the price of Apple.

 

Company News:

Dixons Carphone reported lower mobile phone sales, as total revenue fell 56%. They also stated that they are in the early stages of exploring the listing of a minority stake in its Nordics business next year.

Dunelm said it has outperformed expectations so far this year and expects to pay an interim dividend next year provided it faces no further hits from the COVID-19 pandemic. Pretax profit fell 13.3% to £109.1m hurt by lockdown-led store closures.

Games Workshop Group says trading for the 3-month period to end of August was ahead of the board’s expectations with an operating profit of £45m (2019: £28m). They also declared a dividend of 50p per share.

GlaxoSmithKline says that the U.S health regulator has approved its lung disease drug Trelegy Ellipta for expanded use, making it the first inhaler delivering three drugs at once to be prescribed for uncontrolled asthma in the country.

Morrisons WM Supermarkets reported a 25.3% fall in H1 2020 profit, hurt by costs related to the COVID-19 pandemic. They reported an underlying pretax profit of £148m, compared with average analysts’ forecast of £146m (2019: £198m).

Saga reports that H1 2020 underlying pretax profit fell 69.9% to £15.9 and an EPS of 2.2p (2019: 4.1p). They expect cash ‘burn’ for travel businesses to be in a range of £6-8m per month in H2 2020.

Reporting Today:

 

Go-Ahead Group

Dunelm Group

Morrison WM Supermarkets

 

Reporting Friday:

 

Ashmore Group

 

In Focus Today:

 

ECB Interest rate decision

US Initial Jobless Claims

 

Todays’s Ex Dividends:

 

UK 100:

 

Avast

 

UK 250:

 

BBGI SICAV S.A.

Spectris

Gamesys Group

Derwent London

XP Power

 

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