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Morning Report - 22 October 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
HARGREAVES LANSDOWN PLC 1,411.0 4.6%
INTL CONSOLIDATED AIRLINE-DI 104.9 4.4%
GVC HOLDINGS PLC 1,011.0 4.1%
RENTOKIL INITIAL PLC 537.2 3.9%
LLOYDS BANKING GROUP PLC 27.9 2.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
FRESNILLO PLC 1228.5 -3.7%
OCADO GROUP PLC 2342.0 -3.4%
BAE SYSTEMS PLC 442.3 -4.9%
DS SMITH PLC 294.8 -2.1%
HOMESERVE PLC 1147.0 -1.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,786 0.2% -20.3%
DOW JONES INDUS. AVG 28,364 0.5% 5.7%
DAX INDEX 12,543 -0.1% -1.7%
NIKKEI 225 23,548 0.3% 4.1%
S&P/ASX 200 INDEX 6,167 -0.1% -7.6%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 39.81 -0.55%
Brent Crude (ICE) USD/bbl. 41.55 -0.43%
Gold Spot USD/t oz. 1,914 -0.6%
Copper (Comex) USd/lb. 318 -0.6%
UK 100 called to open +6 points this morning at 5791. 

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +6 points this morning at 5791.  The UK 100 is set to rise this morning after Boris Johnson confirmed a trade deal with Japan – Britain’s first since Brexit vote.  The market received an additional boost to sentiment with the news that the US Food and Drug Administration (FDA) has approved Veklury, the coronavirus (COVID-19) treatment from Gilead Sciences that was formerly known as Remdesivir.  Asian markets picked up the baton this morning, with Japan’s Nikkei 225 up 81 points at 23,555 and Hong Kong’s Hang Seng up 153 points at 24,939.

 

Company News:

Barclays Q3 2020 profit beats expectations posting a profit before tax of £1.1bn (average analysts forecasts of £507m), helped by lower provisions as bad loan charges were lower than expected. They booked credit impairment charges and provision charges for the quarter of £608m, well below the £1bn analysts had expected.

InterContinental Hotels Group posted a plunge in Q3 hotel room revenue, falling by 53.4% as the COVID-19 pandemic continued to ravage the travel and hospitality industry.

London Stock Exchange Group says it expects to close its $27bn purchase of Refinitiv in Q1 2021 as they posted a 2% increase in Q3 total income.

 

McCarthy & Stone have agreed to be taken private in a £630m deal by a unit of private equity firm Lone Star Real Estate Fund VI. The board unanimously intends to recommend shareholders vote in favour of the 115p per share all-cash deal.
 
Petropavlovsk announces that IRC ltd (a company POG has a 31.1% shareholding in) has issued a trading update. They highlight that $8.8m has been paid during the quarter by IRC to Gazprombank as principal and interest. This is in accordance with the repayment scheduled for the facility agreements guaranteed by Petropavlovsk.

Reporting Today:

 

Barclays

 

 

Reporting Monday:

 

None

 

In Focus Today:

 

US Presidential Debate

German Markit Manufacturing PMI

Eurozone Markit PMI

UK Markit PMI Composite

UK Retail Sales

 

 

Next Weeks’s Ex Dividends:

 

UK 100:

 

Unilever

 

UK 250:

 

Foresight Solar Fund

City of London Investment Trust

Hilton Food Group

Vesuvius

 

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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