This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| ANGLO AMERICAN PLC | 1,864.0 | 2.6% |
| ANTOFAGASTA PLC | 844.8 | 2.4% |
| GLENCORE PLC | 236.2 | 2.3% |
| MONDI PLC | 1,627.0 | 2.2% |
| MELROSE INDUSTRIES PLC | 172.9 | 2.2% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| AUTO TRADER GROUP PLC | 524.0 | -2.6% |
| HARGREAVES LANSDOWN PLC | 1955.0 | -2.1% |
| NEXT PLC | 5848.0 | -2.0% |
| MARKS & SPENCER GROUP PLC | 184.2 | -2.0% |
| SCHRODERS PLC | 2738.0 | -1.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,251 | 0.3% | -4.7% |
| DOW JONES INDUS. AVG | 26,280 | 1.4% | 3.9% |
| DAX INDEX | 11,750 | 0.6% | -4.9% |
| NIKKEI 225 | 20,655 | 1.0% | -7.6% |
| S&P/ASX 200 INDEX | 6,596 | 0.4% | 4.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.49 | -1.07% |
| Brent Crude (ICE) | USD/bbl. | 60.85 | -0.73% |
| Gold Spot | USD/t oz. | 1,502 | 0.0% |
| Copper (Comex) | USd/lb. | 262 | -0.6% |
Click graph to enlarge
UK 100 called to open +30 points at 7280; A continuation of yesterday’s later afternoon rally continued on the UK Index during overnight trading, news that the US planned to delay imposing tariffs on Chinese exports (mainly technology based) was enough to see the Dow Jones take off (ending the day +400 points) like a rocket ship yesterday afternoon, seeing global bourses light up like a Christmas tree! This boost was matched in overnight Asian sessions, now posing the question, was this just another Trump dump rally? Oil jumped around 3% on the back of yesterday’s news to settle at $60 a barrel, as gold was the big loser on the day, with risk on attitude back On, falling from $1528 as much as $50 per ounce before settling at $1500.
Admiral announced continued growth, seeing turnover +6%; customer numbers +8%; pre tax profits +0.9%; Profit growth +£7.7m (After impact of Ogden rate impact); EPS +2%. Concerns surrounding Brexit may impact future outlook.
AstraZeneca have announced that the Lynparza Phase III PAOLA-1 trial met primary endpoint as 1st-line maintenance treatment for advanced ovarian cancer. It significantly increased the time women lived without disease progression.
AstraZeneca also announced calquence granted US breakthrough therapy designation for chronic lymphocytic leukaemia, with designation based on positive results from two Phase III trials.
Balfour Beatty on track to deliver full year performance in line with market expectations. Profit from operations +9%; Av net cash +44.5%; Order book +5%; Interim dividend +31%.
Hochschild announces H1 2019 EBITDA of $153.7m ($372.3m in 2018). Profit before tax of $29.5m ($38.6m in 2018). Interim dividend of 2 cents per share. On track to deliver overall 2019 production target of 457,000 Gold ounces.
Sports Direct have received notice from their auditors Grant Thornton that they intend not to seek reappointment as the companies auditors and will cease their auditing responsibilities from 11 Sept 2019.
Standard Life Aberdeen announced the sale of shares in HDFC life insurance company. They’ve received £374m (net of taxes and expenses) from the sale.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
RBS Downgraded to Neutral by Neutral (Bloomberg: 15 Buys / 8 Holds / 3 Sells)
Hammerson Upgraded to Neutral by Kempen & Co (Bloomberg: 9 Buys/ 8 Holds/ 4 Sells)
UK CPI (9.30am)
German GDP (10am)
Eurozone GDP (10am)
Admiral, Prudential, Balfour Beatty, Hochschild Mining
Kaz Minerals, GVC holdings
(Full list available on Week in advance)
Royal Bank of Scotland – 6.85%
Evraz – 4.73%
Phoenix – 3.47%
Anglo American – 2.85%
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