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Morning Report - 17 January 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
NMC HEALTH PLC 1,441.5 7.1%
ASSOCIATED BRITISH FOODS PLC 2,661.0 4.2%
BERKELEY GROUP HOLDINGS/THE 4,993.0 3.1%
PERSIMMON PLC 2,850.0 1.5%
3I GROUP PLC 1,108.0 1.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
PEARSON PLC 563.4 -8.9%
WHITBREAD PLC 4587.0 -5.2%
HIKMA PHARMACEUTICALS PLC 1910.5 -3.3%
DCC PLC 6446.0 -3.1%
SMURFIT KAPPA GROUP PLC 2752.0 -3.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,610 -0.4% 11.3%
DOW JONES INDUS. AVG 29,298 0.9% 20.2%
DAX INDEX 13,429 0.0% 23.0%
NIKKEI 225 24,041 0.5% 17.8%
S&P/ASX 200 INDEX 7,064 0.3% 20.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.55 0.05%
Brent Crude (ICE) USD/bbl. 64.64 0.03%
Gold Spot USD/t oz. 1,556 0.2%
Copper (Comex) USd/lb. 287 0.7%
UK 100 called to open +23 points at 7629

UK 100 : 4 hours, 19 days

Click graph to enlarge

Markets Overview:

 

UK Index called to open positive by 23 points at 7629. Asia rose on Friday as data showed pressure on the world’s second largest economy start to subside. China’s growth last year was its slowest in 29 years, mainly held back by weak domestic demand and the on going trade war with the US. However growth was up 6% from a year earlier in the same period. All major Asian indices were up. This continues the positive vibe as phase-1 of the trade deal was signed and the next steps start to be discussed. Brent fell 4 cents to finish at $64.58, whilst gold pushed higher by 0.12% to close at $1554.38 per ounce.

In corporate news this morning:

GVC Holdings trading update states that EBITDA is towards the top end of the upgraded Q3 guidance at £670-680m. Strong growth in online with net gaming revenue +13%. The board is confident that the group is well placed for a successful 2020.

 

NMC Health announces that the independent review committee retains Louis Freeh (former federal judge and FBI director) to examine and compile a report regarding allegations made by Muddy Waters’ in December.

 

Premier Foods announces strong Q3 performance, profit expectations unchanged a FY net debt/EBITDA target of 3.0x on track.

 

Rio Tinto production update posted a 3% drop in iron ore shipments in 2019 as they faced disruptions due to a cyclone and a fire at a port facility.

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Reporting Today:

 

The Gym Group 

 

Reporting Next Week:

 

IG Group, Close Brothers, Computercenter, Joules, Sage Group, Dixons Carphone

 

In Focus Today:

 

Chinese GDP

 

UK Retail Sales

 

US Michigan Consumer Sentiment Index

 

Next Week’s Ex Dividends:

 

UK 100 :

 

None

 

:

 

Stagecoach Group

 

Pennon Group

 

City of London Investment Trust

 

Games Workshop Group

 

Bankers Investment Trust

 

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.

 

Upgrades/Downgrades

Ashtead Upgraded to Overweight/In-Line by Morgan Stanley (Bloomberg: 13 Buys / 5 Holds / 0 Sells)

 

British Land Upgraded to Buy by Goldman Sachs (Bloomberg: 4 Buys / 8 Holds / 6 Sells)

 

Land Securities Upgraded to Buy by Goldman Sachs (Bloomberg: 5 Buys / 7 Holds / 6 Sells)

 

Rio Tinto Downgraded to Sell by Morningstar (Bloomberg: 11 Buys / 12 Holds / 7 Sells)

 

Severn Trent Downgraded to a Sector Perform by RBC (Bloomberg: 2 Buys / 8 Holds / 4 Sells)

 

Whitbread Downgraded to Hold by Berenberg (Bloomberg: 3 Buys / 16 Holds / 8 Sells)

 

Whitbread Downgraded to Underperform by Bernstein (Bloomberg: 3 Buys / 16 Holds / 8 Sells)

 


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