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Morning Report - 28 September 2020

Friday’s UK 100 Leaders Price (p) % Chg
GVC HOLDINGS PLC 998.4 16.7%
FLUTTER ENTERTAINMENT PLC 12,680.0 6.8%
AVAST PLC 547.5 4.1%
M&G PLC 151.4 3.6%
HOMESERVE PLC 1,264.0 3.3%

 

Friday’s UK 100 Laggards Price (p) % Chg
STANDARD CHARTERED PLC 336.8 -2.7%
SAINSBURY (J) PLC 197.3 -2.4%
ADMIRAL GROUP PLC 2688.0 -1.8%
RIO TINTO PLC 4733.0 -1.7%
SMITHS GROUP PLC 1304.5 -1.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,843 0.3% -21.3%
DOW JONES INDUS. AVG 27,174 1.3% 1.3%
DAX INDEX 12,469 -1.1% 0.7%
NIKKEI 225 23,205 0.5% 6.1%
S&P/ASX 200 INDEX 5,965 1.5% -11.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.25 -0.15%
Brent Crude (ICE) USD/bbl. 41.92 -0.05%
Gold Spot USD/t oz. 1,862 -0.4%
Copper (Comex) USd/lb. 297 0.1%
UK 100 called to open +75 points this morning at 5911. 

2 hours; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +75 points this morning at 5911. Calls for a positive open come as the UK 100 seems to be taking its cue from Asia’s main markets which kicked off the week strongly.  Leading the pack was China, where profits from the industrial sector grew for the fourth straight month, suggesting the world’s second-largest economy is starting to shrug off the effects of coronavirus.  In the U.S. stocks rose on Friday, recovering some of their losses for the week, as tech shares clawed back some of their big September declines. The Dow Jones closed 358.52 points higher, or 1.3%, at 27,173.96. The S&P also climbed 1.6% to 3,298.46. While the Nasdaq popped 2.26% to 10,913.56. It was the best day for the major averages since Sept. 9. Shares of Amazon rose 2.5% and Facebook gained 2.1%. Apple advanced 3.8% and Microsoft climbed 2.3%. Netflix closed 2.1% higher. The S&P had its best day since Sept. 9.

 

Company News:

Diageo says that its US business is performing ahead of expectations.

Imperial Brands is to complete the sale of its premium cigar business for 1,225m euros on 29th October 2020.

Premier Oil is asking debt holders to extend a waiver on its borrowing terms beyond Sept 30th while it tries to convince at least 75% of its creditors to back a plan to raise fresh equity.

Rolls-Royce have said that no final decision has been made on allotting shares to potential investors “including any sovereign wealth fund” as the firm was still reviewing all available funding options.

William Hill confirm that Caesars Entertainment is in advanced discussions with them for a possible cash offer of William Hill’s shares at 272p per share, valuing the company at £2.9bn.

 Reporting Today:

 

None

 

Reporting Tuesday:

 

Wolseley

Grainger

AA

Card Factory

 

In Focus Today:

 

Eurozone Business Climate

Eurozone Consumer Confidence

 

This 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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