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Morning Report - 25 September 2020

Thursday’s UK 100 Leaders Price (p) % Chg
PEARSON PLC 536.6 6.2%
PERSIMMON PLC 2,417.0 3.9%
BARRATT DEVELOPMENTS PLC 452.7 3.2%
POLYMETAL INTERNATIONAL PLC 1,693.0 1.1%
NATWEST GROUP PLC 99.3 1.1%
Thursday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 150.1 -7.6%
SMITHS GROUP PLC 1324.5 -7.5%
INTL CONSOLIDATED AIRLINE-DI 95.2 -5.3%
HARGREAVES LANSDOWN PLC 1540.5 -4.6%
M&G PLC 146.2 -3.8%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,823 -1.3% -20.1%
DOW JONES INDUS. AVG 26,815 0.2% 0.0%
DAX INDEX 12,607 -0.3% 2.4%
NIKKEI 225 23,088 -1.1% 4.9%
S&P/ASX 200 INDEX 5,876 -0.8% -12.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.26 -0.12%
Brent Crude (ICE) USD/bbl. 41.94 0.41%
Gold Spot USD/t oz. 1,870 0.1%
Copper (Comex) USd/lb. 297 0.1%

 

UK 100 called to open +26 points this morning at 5849

2 hours; 7 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +26 points this morning at 5849. The markets look to start on a positive note on Friday as all major indices are in positive territory. Asia set the trend after robust US housing data supported a late tech-driven rally on Wall Street. Investors breathed a sigh of relief, as news that Democrats in the US house of representatives are working on a $2.2trillion cornoavirus aid package that could be voted on as early as next week. On top of that, House Speaker Nancy Pelosi reiterated she is ready to negotiate on the bill, which helped sentiment. Dollar strength battered commodities over night with Gold lower 0.16% at $1865.16 per ounce and oil gaining mildly. US Crude was up 0.15% at £40.37 per barrel and Brent up 0.1% at $41.98.

Company News:

Boohoo have published the findings of their independent review (by Ms Levitt) of its UK supply chain. Ms Levitt has identified many failings in the Leicester supply chain and recommended improvements to their related corporate governance, compliance, and monitoring processes. She is satisfied that Boohoo did not deliberately allow poor conditions and low pay to exist within its supply chain, it did not intentionally profit from them and its business model is not founded on exploiting workers in Leicester.
Pennon Group reports they are on track to deliver resilient financial results in line with management expectations. The impact of COVID-19 to date is broadly in line with their initial assumptions for a net revenue impact in 2020/21 of £10m. They confirmed the sale of Viridor has been completed with net cash proceeds of £3.7bn received.
Wizz Air expects to operate at 50% of its capacity in October verses last year.

 Reporting Today:

 

Pennon Group

 

Reporting Monday:

 

None

 

In Focus Today:

 

US Durable Goods Orders

US Non Defence Capital Goods Orders (Ex Aircraft)

 

Next Weeks’s Ex Dividends:

 

UK 100:

 

British American Tobacco

Smith & Nephew

 

UK 250:

 

TP ICAP

Hastings Group Holdings

Murray International Trust

RIT Capital Partners

Fisher (James) & Sons

KAZ Minerals

 

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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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.


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