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Morning Report - 12 August 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
ENTAIN PLC 1,357.5 3.7%
COCA-COLA HBC AG-DI 2,047.0 3.3%
AVEVA GROUP PLC 2,452.0 3.2%
SHELL PLC 2,213.5 3.0%
FLUTTER ENTERTAINMENT PLC-DI 9,382.0 2.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
GSK PLC 1400.0 -10.1%
HALEON PLC 265.8 -4.9%
AIRTEL AFRICA PLC 145.9 -4.9%
SPIRAX-SARCO ENGINEERING PLC 11655.0 -2.9%
HIKMA PHARMACEUTICALS PLC 1565.0 -2.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,466 -0.6% 3.4%
DOW JONES INDUS. AVG 33,337 0.1% -6.1%
DAX INDEX 13,695 -0.1% -13.5%
NIKKEI 225 27,819 -0.7% -0.9%
S&P/ASX 200 INDEX 7,071 1.1% -6.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 94.19 2.46%
Brent Crude (ICE) USD/bbl. 99.51 2.17%
Gold Spot USD/t oz. 1,789 -0.2%
Copper (Comex) USd/lb. 369 1.2%
The UK 100 is called to open +10 points this morning at 7475. 

1 hour; 20 Days

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +10 points this morning at 7475.  The UK 100 looks set to open modestly higher today despite UK GDP figures this morning showing that the economy had contracted in the second quarter amid the cost of life crisis.  On Wall Street yesterday The Dow closed Thursday up 28 points, less than 0.1%, at 33,337, while the Nasdaq dropped 75 points, 0.6%, to 12,780 and the S&P 500 shed 3 points to 4,207.

 

 

Company News & Broker Comments:

 

Company News:

 

888 Holdings reports a H1 2022 pretax profit of £14.4m down 66% YoY (2021: £54.2m). They state they’re on a stable trend, with revenue in H2 2022 expected to be in line with revenue in H1.
AstraZeneca‘s Enhertu drug has been approved in the US for the treatment of adults with lung cancer.
 
Flutter Entertainment swings to a H1 pretax loss of £51m from a £77m profit last year. They state that H2 has started in line with expectations with no big signs of a consumer slowdown. They expect the FY outcome to be in line with market expectations.

Broker Comments:

 No new broker comments

 

Reporting Today:

888 Holdings

 

Flutter Entertainment

 

TBC Bank

 

 

Reporting Friday:

 

Phoenix Group Holdings

 

In Focus Today:

UK Gross Domestic Product

 

UK Industrial Production

 

UK Manufacturing Production

 

Chinese FDI – Foreign Direct Investment

 

US Michigan Consumer Sentiment Index

 

 

 

Next Week’s Ex-Dividends:

 

FTSE 100:

abrdn

 

Anglo American

 

Aviva

 

Legal & General Group

 

HSBC Holdings

 

Imperial Brands

 

GSK

 

Hikma Pharmaceuticals

 

Prudential

 

Pershing Square Holdings

 

London Stock Exchange Group

 

FTSE 250:

UK Commercial Property REIT

 

Ibstock

 

Bridgepoint Group

 

Murray Income Trust

 

4imprint Group

 

Rotork

 

Just Group

 

Chemring Group

 

TI Fluid Systems

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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