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|Yesterday’s UK 100 Leaders||Price (p)||% Chg|
|JOHNSON MATTHEY PLC||3,015.0||3.0%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|COMPASS GROUP PLC||1915.5||-7.5%|
|JD SPORTS FASHION PLC||787.6||-2.4%|
|ROYAL DUTCH SHELL PLC-B SHS||2235.0||-1.4%|
|Major World Indices||Price||% Chg||1 Year|
|UK 100 INDEX||7,403||0.1%||5.2%|
|DOW JONES INDUS. AVG||28,122||0.2%||14.1%|
|S&P/ASX 200 INDEX||6,788||0.0%||18.5%|
|WTI Crude Oil (Nymex)||USD/bbl.||58.41||0.69%|
|Brent Crude (ICE)||USD/bbl.||64.22||0.90%|
|Gold Spot||USD/t oz.||1,462||0.0%|
UK 100 called to open +25 points at 7425; In light of overnight news that Trump Says Deal in Final Throes. “We’re in the final throes of a very important deal,” Donald Trump said, after negotiators from both sides spoke by phone. He later told former Fox News he’s “holding it up because it’s got to be a good deal.” The pound slid overnight with the prospect of rate cuts and a potential hard Brexit taking the shine off sterling. Trading in Asia overnight saw risk on appetite very much the order of the day, with all major Asian bourses in the green, the Nikkei +64 points & the Hang Seng +8 points. This followed on from a green sweep in the US yesterday, the Dow Jones +55 points, the S&P +6 points and the Nasdaq +15 points. Oil once again rose overnight to break through previous resistance of $64 per barrel. Gold once again suffered at the hands of risk on sentiment, settling way down at $1459.
Brewin Dolphin had Another period of strong organic funds inflows with the Group making progress on its strategic plan. Total funds of £45bn (+5.1%) Profit before tax and adjustments -3.2% YoY; Statutory profit -8.6% YoY; Income +3.1% YoY; Full Year dividend maintained at 16.4p
British American Tobacco today announced a pre-close trading update saying they were on track for a strong year and expected to report at upper end of guidance for both revenue and operating profit.
Britvic said they had delivered A strong performance, with good momentum in our key brands and categories. Revenue increasing by 1.4%, Adj EBIT +4.4%; Profit after tax -30.9% (Due to adjusting items of £84.6m, including write down of France assets); Adj EPS +6.2%; Full year dividend +6.4%.
Cairn Energy announces that it has entered into an agreement to dispose of the entire share capital of Capricorn Norge AS, the company’s wholly owned subsidiary in Norway.
Grainger today reported a year of major transformation delivering strong, sustainable returns, well ahead of plan. Profit before tax +30%; EPS +5%; Dividend per share +9%; Rental growth -.4%; Net rental income +45%; Adj Earnings -12%.
Marstons delivered Improved operating cash flow, dividend maintained, while debt reduction plans progressing well in their full year results. Revenue increased from £1140m to £1174m in 2019. Statutory profit turned to a loss of £20m from a profit of £54m in 2018. EPS from 7.1p per share in 2018 to a loss of 2.8p per share in 2019.
Rio Tinto this morning annouced approval of $749 million investment in Pilbara iron ore mine
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Direct Line Group Downgraded to Sell by Morningstar (Bloomberg: 10 buys/ 10 holds/ 2 sells)
Mitchells & Butler Downgraded to Hold by Berenberg (Bloomberg: 8 buys/ 6 holds/ 3 sells)
Rolls Royce Downgraded to Equalweight/inline by Morgan Stanley (Bloomberg: 10 buys/ 7 holds/ 3 sells)
UK inflation report
Brewin Dolphin, Britvic, Grainger, Marston’s
Amigo Holdings, Virgin Money, Go-Ahead
(Full list available on Week in advance)
Vodafone – 2.5%
IAG – 2.3%
National Grid – 1.9%
Land Securities – 1.3%
(Full list available on Week in advance)
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