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| Wednesday’s UK 100 Leaders | Price (p) | % Chg |
| ADMIRAL GROUP PLC | 2,708.0 | 7.3% |
| SEVERN TRENT PLC | 2,589.0 | 5.0% |
| PENNON GROUP PLC | 1,100.0 | 4.9% |
| UNITED UTILITIES GROUP PLC | 932.8 | 4.7% |
| M&G PLC | 181.4 | 4.5% |
| Wednesday’s UK 100 Laggards | Price (p) | % Chg |
| AVAST PLC | 582.0 | -3.0% |
| INTL CONSOLIDATED AIRLINE-DI | 213.3 | -2.5% |
| WHITBREAD PLC | 2520.0 | -2.1% |
| LAND SECURITIES GROUP PLC | 573.8 | -2.0% |
| BRITISH LAND CO PLC | 373.7 | -1.5% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,280 | 2.0% | -13.1% |
| DOW JONES INDUS. AVG | 27,977 | 1.1% | 8.0% |
| DAX INDEX | 13,059 | 0.9% | 11.8% |
| NIKKEI 225 | 22,844 | 0.4% | 11.7% |
| S&P/ASX 200 INDEX | 6,132 | -0.1% | -7.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 42.67 | 2.55% |
| Brent Crude (ICE) | USD/bbl. | 45.32 | 1.84% |
| Gold Spot | USD/t oz. | 1,916 | 0.0% |
| Copper (Comex) | USd/lb. | 289 | 0.5% |
Click graph to enlarge
UK 100 called to open -65 points this morning at 6215. Calls for a negative open come as the UK 100 approaches previous resistance having broker through previous a previous support level, turned resistance. The Dow Jones gained 289.93 points, or 1.1%, to end at 27,976.84 on Wednesday. The S&P added 44.66 points, or 1.4%, finishing at 3,380.35, after briefly trading above its all-time closing high of 3,386.15. The Nasdaq Composite climbed 229.42 points, or 2.1%, to end at 11,012.24. Shares of Tesla Inc rallied 13.1% after its board approved plans to split Tesla stock in a five for one split of the company’s shares, prices were driven on rumour that Tesla is likely to join the S&P 500. Elsewhere in commodities, gold rose slightly on Wednesday, with December futures ending up 0.1% at $1,949 an ounce. WTI crude oil also traded higher, rising 2.6% to trade at $42.67 a barrel, the highest close for a front-month contract since March 5.
AstraZeneca announce that Argentina and Mexico will produce their COVID-19 vaccine for most of Latin America.
GVC Holdings reports that profit slips on sports betting hit. They’ve stated that they will not pay an interim dividend after they reported lower core profit for H1 2020 of £348.6m (2019: £366.8m), hit by store closures and cancellations of sports events due to coronavirus-driven lockdowns. They now expect FY EBITDA to be in the range of £720-740m.
National Express reported a pretax loss for H1 2020 of £60.7m (2019: £114.6m profit) as coronavirus halts travel. They also stated that travel activity remained at “much suppressed levels” bracing for more pressure on its finances over the next year.
Renishaw reports a FY pretax profit of £3.2m (2019: £109.9m). They’ve cancelled their interim dividend and have made a decision not to declare a final dividend. They expect very challenging market conditions, particularly in automotive and aerospace sectors.
TUI AG sunk to a 1.1bn euro loss in Q3 2020 as the COVID-19 pandemic stopped it providing holidays, and as a consequence they have made progress with a cost cutting programme. They had resumed holidays again in mid-June and said that demand had returned. They also secured a second credit line from the German government, helping bolster its liquidity after COVID-19 wiped out revenues for 3 months.
Tui
National Express Group
Renishaw
None
UK GDP
Chinese Foreign Direct Investment
US CPI
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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