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Morning Report - 12 August 2020

Tuesday’s UK 100 Leaders Price (p) % Chg
GVC HOLDINGS PLC 785.0 9.6%
INTL CONSOLIDATED AIRLINE-DI 218.7 8.4%
ITV PLC 65.6 5.8%
EVRAZ PLC 345.3 5.8%
INFORMA PLC 423.5 5.7%

 

Tuesday’s UK 100 Laggards Price (p) % Chg
FRESNILLO PLC 1206.5 -6.7%
POLYMETAL INTERNATIONAL PLC 1931.5 -4.1%
RENTOKIL INITIAL PLC 527.2 -2.3%
HIKMA PHARMACEUTICALS PLC 2247.0 -2.2%
SEGRO PLC 955.0 -1.9%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,154 1.7% -15.2%
DOW JONES INDUS. AVG 27,687 -0.4% 5.3%
DAX INDEX 12,947 2.0% 10.7%
NIKKEI 225 22,750 1.9% 10.0%
S&P/ASX 200 INDEX 6,139 0.5% -6.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 41.68 -0.62%
Brent Crude (ICE) USD/bbl. 44.64 -0.78%
Gold Spot USD/t oz. 1,914 -5.6%
Copper (Comex) USd/lb. 285 -0.5%

1 hour; 6 months

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Markets Overview:

 

UK 100 called to open +15 points this morning at 6164.  Asia slipped last night on growing uncertainty over whether lawmakers in the US will strike an agreement on an additional round of big fiscal stimulus, especially as it struggles with the coronavirus still. There was a pull back in safe-havens such as gold as hopes of a vaccine development spurred on investors.The Dow Jones was up 61.28 points, or 0.2%, to 27,852.72 having fallen through the afternoon having been positive by 350 points earlier in the session. The S&P 500 gave back an early gain to fall 8.39 points, or 0.3%, to 3,352.08. The tech-heavy Nasdaq fell 118.37 points, or 1.1%, to 10,849.99. Commodities saw Gold fall 5.68% from record territory, with December futures falling by 4.6% to settle at $1,946.30 an ounce. WTI Crude oil, closed 0.8% lower to trade at $41.61 a barrel.

 

Company News:

Admiral Group posted higher H1 2020 profit as motor claims dropped with Britions staying off the roads during strict coronavirus lockdowns. They reported pretax profit surged 31% to £286.1m and have reinstated its special dividend of 20.7p per share.

 

ASOS has upgraded its sales and profit outlook as they are benefiting from stronger than anticipated underlying demand. Revenue growth for FY20 was now expected to be between 17-19% with pretax profit in the region of £130-150m.

 

Balfour Beatty posts a H1 2020 loss as the COVID-19 crisis forced it to halt construction work at its projects in March and April. They posted a pretax loss of £26m (2019: £63m profit).

 

Just Eat Takeaway.com report H1 2020 revenue was up +44% to 1bn euros, with adjusted EBITDA of 177m euros.

 

IAG British Airways has agreed a deal with its trade unions representing parts of its workforce in Heathrow over planned job cuts.

 

 

Reporting Today:

 

CLS Holdings

Admiral Group

Balfour Beatty

Capital & Countries Properties

Spirax-Sarco Engineering

 

Reporting Thursday:

 

Tui

National Express Group

Renishaw

 

 

In Focus Today:

 

UK GDP

Chinese Foreign Direct Investment

US CPI

 

Tomorrow’s Ex Dividends:

 

UK 100:

 

Phoenix Group Holdings

Smurfit Kappa Group

Legal & General Group

Aviva

Diageo

BP

Ashtead Group

GlaxoSmithKline

Pearson

Royal Dutch Shell B

Royal Dutch Shell A

AstraZeneca

SEGRO

 

UK 250:

 

Direct Line Insurance Group

Ferrexpo

Centamin

Renewables Infrastructure Group

Greencoat UK Wind

Civitas Social Housing

GCP Student Living

Tritax Big Box REIT

Scottish American Investment Company

UK Commercial Property REIT

ICG Enterprise Trust

Spirent Communications

Lancashire Holdings

BMO Commercial Property Trust

Games Workshop Group

 

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