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Morning Report - 29 November 2019

Yesterday’s FTSE100 Leaders Price (p) % Chg
OCADO GROUP PLC 1,208.0 3.6%
LAND SECURITIES GROUP PLC 964.2 2.9%
ST JAMES’S PLACE PLC 1,119.0 2.0%
LLOYDS BANKING GROUP PLC 62.7 1.6%
PHOENIX GROUP HOLDINGS PLC 744.4 1.5%

 

Yesterday’s FTSE100 Laggards Price (p) % Chg
VODAFONE GROUP PLC 154.2 -3.9%
NATIONAL GRID PLC 896.0 -2.9%
FERGUSON PLC 6840.0 -2.3%
SEVERN TRENT PLC 2285.0 -2.2%
ASHTEAD GROUP PLC 2391.0 -2.2%

 

Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 7,416 -0.2% 5.4%
DOW JONES INDUS. AVG 28,164 0.2% 11.0%
DAX INDEX 13,246 -0.3% 17.2%
NIKKEI 225 23,294 -0.5% 4.6%
S&P/ASX 200 INDEX 6,846 -0.3% 18.9%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.10 -0.02%
Brent Crude (ICE) USD/bbl. 63.82 -0.08%
Gold Spot USD/t oz. 1,458 0.1%
Copper (Comex) USd/lb. 267 -0.8%
FTSE 100 called to open -20 at 7390

FTSE 100: 1 Hours, 2 months

Click graph to enlarge

Markets Overview:

 

FTSE 100 called to open -20 points at 7390 this morning; Following a quieter than usual trading session yesterday owing to Thanksgiving holiday in the US volume will be expected to return today. Will investors use Black Friday to search out bargain share prices? Overnight U.K. PM Boris Johnson said he’ll walk away from a U.S. trade deal after Brexit if President Trump insists on keeping the National Health Service on the table. During trade in Asia, the Nikkei closed -118 points & the Hang Seng -556 as protest in Hong Kong call for protests to continue over the weekend. Crude maintained its level above $63.5 to trade at time of writing at $63.6 per barrel. While gold maintained a level just shy of $1460 to trade at $1459 at time of writing.

 

In corporate news this morning:

 

AstraZeneca today announced that the US Food and Drug Administration (FDA) has accepted a supplemental Biologics License Application and granted Priority Review for Imfinzi (durvalumab) for the treatment of patients with previously untreated extensive-stage small cell lung cancer

 

CVS Group today confirmed both Ben Jacklin and Robin Alfonso have now been appointed Board Directors with immediate effect in their respective roles as Chief Operating Officer and Finance Director.

 

Future PLC announced that it has issued 686,497 ordinary shares of 15 pence each as part of the consideration for the acquisition of Barcroft Studios, as announced on 15 November 2019.

 

Ocado this morning Announced the partnership between Ocado Solutions and Aeon, to develop Aeon’s online grocery business in Japan using the Ocado Smart Platform

 

 

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

 

Upgrades/Downgrades:

 

Big Yellow Group Downgraded to Underweight/in-line by Morgan Stanley (Bloomberg: 2 buys/ 11 holds/ 3 sells)

 

Intercontinental Hotels Group Downgraded to Reduce by Alphavalue (Bloomberg: 5 buys/ 6 holds/ 12 sells)

 

Royal Mail downgraded to Market Perform by Bernstein (Bloomberg: 2 buys/ 5 holds/ 6 sells)

 

St James Place downgraded to Sell by Goldman Sachs (Bloomberg: 15 buys/ 5 holds/ 1 sells)

 

In Focus Today:

 

Eurozone CPI

 

 

Companies reporting today:

 

None

 

Companies reporting Next Week:

 

W Resources, Ferguson, Stock Spirits Group,MJ Gleeson, DS Smith, Victrex, IG Group, Berkeley Group, Joules

 

(Full list available on Week in advance)

 

Next Week’s Ex-Dividends:

 

Next – 0.8%

 

Royal Mail – 3.5%

 

Investec – 2.5%

 

Britvic – 2.2%

 

 

(Full list available on Week in advance)

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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