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Morning Report - 12 August 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
WPP PLC 981.0 7.2%
NEXT PLC 6,016.0 2.7%
SEGRO PLC 763.6 1.8%
ASTRAZENECA PLC 7,351.0 1.7%
JD SPORTS FASHION PLC 615.6 1.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
EVRAZ PLC 562.8 -8.9%
ANTOFAGASTA PLC 829.2 -4.7%
NMC HEALTH PLC 2023.0 -3.4%
ITV PLC 107.8 -2.5%
RIO TINTO PLC 4056.0 -2.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,254 -0.4% -5.4%
DOW JONES INDUS. AVG 26,287 -0.3% 3.9%
DAX INDEX 11,694 -1.3% -5.9%
NIKKEI 225 20,685 0.4% -7.2%
S&P/ASX 200 INDEX 6,590 0.1% 5.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 54.21 -0.53%
Brent Crude (ICE) USD/bbl. 58.23 -0.51%
Gold Spot USD/t oz. 1,495 -0.1%
Copper (Comex) USd/lb. 259 0.2%

 

UK 100 called to open +35 points at 7288

UK 100 : 1 hour, 5 days

Click graph to enlarge

Markets Overview:

UK 100 called to open +35 points at 7288; A continuation of late last weeks recovery has seen the UK Index creep back towards the 7300 level, this is on the back of a positive trading session in Asia which saw stocks edge higher and show signs of stabilising, pained with a recovering Yuan, all contributed to an overnight equity market rally. Oil stabilised at $58 a barrel following a a volatile time last week, as gold tested the $1500 handle once again before retracting back to $1496.

 

In corporate news this morning:

Ferrexpo appoint Fiona MacAulay as an Independent Director of the company with immediate effect.

SSE announces the possible sale of SSE Energy services to Ovo Group with discussions continuing and no agreements have been made yet. 

Thomas Cook has announced it is in advanced discussions with noteholders for a £150m cash injection, apart from the £750m rescue it was already negotiating with top shareholder Fosun Tourism.

Tullow Oil announces the results of its Jethro-1 exploration well. The well encountered 55m of net oil pay which supports a recoverable oil resource estimate which exceeds Tullow’s pre-drill forecast.

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

 

Upgrades/Downgrades:

Ultra Electronic target price increased to 2100p by Kepler Cheuvreux (Bloomberg: 6 Buys / 3 Holds / 3 Sells)

WPP target price increased to 1170p by Goldman Sachs (Bloomberg: 13 Buys / 11 Holds / 3 Sells)

 

In focus today:

Overnight Chinese foreign investment data (before the open)

Monthly budget statement

 

Company reporting day reaction:

Plus 500, Clarkson

 

Companies reporting this week:

TUI, Admiral, Prudential

(Full list available on Week in advance)

 

This Week’s Ex-Dividend payers:

Royal Bank of Scotland – 6.85%

Evraz – 4.73%

Phoenix – 3.47%

Anglo American – 2.85%

 

 

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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