Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 16 September 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
BARRATT DEVELOPMENTS PLC 423.2 4.1%
OCADO GROUP PLC 646.8 3.8%
BERKELEY GROUP HOLDINGS/THE 3,608.0 3.8%
TAYLOR WIMPEY PLC 107.5 3.7%
LLOYDS BANKING GROUP PLC 47.6 3.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
MELROSE INDUSTRIES PLC 111.7 -3.7%
DECHRA PHARMACEUTICALS PLC 3082.0 -2.8%
BURBERRY GROUP PLC 1723.0 -2.8%
TESCO PLC 231.0 -2.7%
CRODA INTERNATIONAL PLC 6578.0 -2.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,276 0.0% 4.2%
DOW JONES INDUS. AVG 31,021 -0.4% -10.9%
DAX INDEX 12,952 -0.6% -16.2%
NIKKEI 225 27,876 0.2% -8.6%
S&P/ASX 200 INDEX 6,843 0.2% -7.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 84.70 -4.27%
Brent Crude (ICE) USD/bbl. 90.18 -4.17%
Gold Spot USD/t oz. 1,668 -1.7%
Copper (Comex) USd/lb. 349 -0.7%
The UK 100 is called to open -46 points this morning at 7246.  

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -46 points this morning at 7246. UK stocks are set to end a difficult week on a downbeat note after economic data raised the prospect of the Federal Reserve acting even more aggressively to tame inflation. The Dow closed -0.6%, S&P -1.1% and Nasdaq -1.4%. UK retail sales data this morning came in softer than expected at -1.6% for m/m figure for August when -0.5% was expected. Overnight Shanghai closed -1.5%, Hang Seng -0.7% and Nikkei -1%. 

 

 

Company News & Broker Comments:

Company News:

 

AstraZeneca‘s Danicopan meets primary endpoint in phase 3 trial. Also, their Evusheld drug has been recommended for EU approval for treatment of COVID.
 
Senior says path to closing conditions for Spencer Aerospace buy are progressing.

 

Broker Comments:

Berenberg Downgrades Fevertree Drinks to Hold from Buy (5 Buys / 10 Holds / 2 Sells)
Goldman Sachs Downgrades British Land to Neutral from Buy (4 Buys / 6 Holds / 0 Sells)
Goldman Sachs Downgrades Land Securities to Sell from Neutral (4 Buys / 10 Holds / 0 Sells)
Goldman Sachs Downgrades THG to Neutral from Buy (6 Buys / 4 Holds / 0 Sells)
JP Morgan Downgrades Royal Mail to Neutral from Overweight (6 Buys / 2 Holds / 3 Sells)
JP Morgan Downgrades Unite Group to Neutral from Overweight (4 Buys / 1 Hold / 0 Sells)
JP Morgan Upgrades Big Yellow to Overweight from Neutral (2 Buys / 9 Holds / 0 Sells)
Panmure Downgrades ITM Power to Hold (11 Buys / 2 Holds / 2 Sells)
UBS Upgrades Jupiter Fund to Neutral from Sell (1 Buy / 4 Holds / 4 Sells)

Reporting Today:

None

 

Reporting Friday:

 

City of London Investment Trust

 

Haleon

In Focus Today:

Chinese Industrial Production

 

Chinese NBS Press Conference

 

Chinese Retail Sales

 

UK Retail Sales

 

EU HICP

 

EU HICP-X F,E,A,T

 

US Michigan Consumer Sentiment Index

 

Next Week’s Ex-Dividends:

UK 100 companies going  ex-dividend on 22nd September 2022:

 

Hargreaves Lansdown

 

UK 250 companies going  ex-dividend on 22nd September 2022:

 

Redrow

 

IG Group Holdings

 

Crest Nicholson Holdings

 

Essentra

 

Fidelity European Trust

 

abrdn Private Equity Opportunities Trust

 

HgCapital Trust

 

JTC

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.


Back to Top

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.