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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| MELROSE INDUSTRIES PLC | 111.7 | 3.8% |
| PHOENIX GROUP HOLDINGS PLC | 590.6 | 3.4% |
| HARGREAVES LANSDOWN PLC | 879.4 | 3.0% |
| LONDON STOCK EXCHANGE GROUP | 7,252.0 | 2.9% |
| SCHRODERS PLC | 2,824.0 | 2.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| INTL CONSOLIDATED AIRLINE-DI | 123.0 | -3.5% |
| AIRTEL AFRICA PLC | 140.2 | -2.7% |
| INFORMA PLC | 531.4 | -2.2% |
| ENDEAVOUR MINING PLC | 1915.0 | -2.1% |
| AVAST PLC | 499.3 | -2.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,243 | 0.4% | 4.3% |
| DOW JONES INDUS. AVG | 32,161 | -0.3% | -6.2% |
| DAX INDEX | 13,535 | 1.2% | -10.5% |
| NIKKEI 225 | 26,214 | 0.2% | -8.9% |
| S&P/ASX 200 INDEX | 7,065 | 0.2% | -0.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 102.48 | 2.73% |
| Brent Crude (ICE) | USD/bbl. | 105.31 | 2.78% |
| Gold Spot | USD/t oz. | 1,845 | 0.4% |
| Copper (Comex) | USd/lb. | 421 | 1.4% |
Click graph to enlarge
The UK 100 is called to open +57 points this morning at 7300. The UK 100 looks set to start on front foot as Global rally lifts sentiments. On Wall Street yesterday markets fell early in the session before bouncing back towards the end of the session, with two out of the major benchmarks eking out gains by the close. The Dow Jones closed 84 points or 0.26% lower at 32,160 for Tuesday, whilst the S&P recouped 0.25% to 4,001 and the Nasdaq rallied nearly 1% to close trading at 11,737. The small-cap focussed Russell index meanwhile edged slightly lower to 1,761. In Asia, sentiment continued on a positive trajectory from the mood towards the end of the US session, Japan’s Nikkei was trading up 0.3% at 26,243 and Hong Kong’s Hang Seng strengthened more than 2% to 20,055. The Shanghai Composite similarly gained 1.9% to 3,094.
Brewin Dolphin report that their total funds as of March 31st increased 7% to £56.3bn. Their H1 2022 pretax profit fell 5.7% to £38.4m.
Compass Group raised its annual revenue forecast and announced a £500m share buyback after a strong H1, as food catering volumes picked up from COVID-19 pandemic lows. They raised their FY 2022 organic revenue growth forecast to around 30% from 20-25%.
ITV reported Q1 total revenues of £1bn v $856m YoY, +17%. Their net debt increased QoQ to £435m from £414m previously. They remain on track to deliver their £17m cost saving target for 2022.
TP ICAP records growth across all business divisions in Q1 as their total revenue increased to £556m, +15% YoY.
TUI reported a Q2 pretax loss of 466.5m euros, which narrowed from a 736.9m euros loss YoY. Their H1 pretax loss came in at 871m euros, narrowing from a 1.54bn euros loss YoY. They expect to return to significantly positive underlying EBIT for FY22. They have 3.8bn euros of available liquidity after handing back some state support.
Goldman Sachs Upgrades Watches of Switzerland to Buy from Neutral (5 Buys / 1 Hold / 0 Sells)
RBC Upgrades Ashetad Group to Outperform (6 Buys / 8 Holds / 0 Sells)
UBS Downgrades Virgin Money to Neutral from Buy (13 Buys / 7 Holds / 1 Sell)
3i Infastructure*
Airtel Africa
Brewin Dolphin Holdings
Compass Group
ITV
Spirax-Sarco Engineering
3i Group
BT Group
Balfour Beatty
Coca-Cola HBC
ConvaTec
Grainger
Hargreaves Lansdown
TUI*
Chinese Consumer Price Index
Chinese Producer Price Index
German Harmonized Index of Consumer Prices
European Commission releases Economic Growth Forecasts
German 10-y Bond Auction
US Consumer Price Index ex Food & Energy
US Monthly Budget Statement
Japanese Current Account
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
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