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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| PEARSON PLC | 560.8 | 8.1% |
| RENTOKIL INITIAL PLC | 386.0 | 6.7% |
| POLYMETAL INTERNATIONAL PLC | 1,376.5 | 5.9% |
| BP PLC | 323.6 | 5.9% |
| UNITED UTILITIES GROUP PLC | 947.4 | 5.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| MELROSE INDUSTRIES PLC | 87.5 | -17.6% |
| MEGGITT PLC | 269.0 | -13.2% |
| M&G PLC | 117.5 | -12.7% |
| ROLLS-ROYCE HOLDINGS PLC | 321.3 | -11.9% |
| INFORMA PLC | 423.0 | -9.1% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 5,564 | 1.0% | -23.6% |
| DOW JONES INDUS. AVG | 22,327 | 3.2% | -13.9% |
| DAX INDEX | 9,816 | 1.9% | -14.8% |
| NIKKEI 225 | 18,917 | -0.9% | -10.8% |
| S&P/ASX 200 INDEX | 5,077 | -2.0% | -17.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 21.27 | 5.87% |
| Brent Crude (ICE) | USD/bbl. | 23.06 | 1.32% |
| Gold Spot | USD/t oz. | 1,616 | -0.4% |
| Copper (Comex) | USd/lb. | 219 | 1.7% |
Click graph to enlarge
UK 100 called to open +50 points at 5613. This comes on the back of Donald Trump and Vladimir Putin agreed to hold discussions with energy officials from their countries to stabilise oil prices. China’s official PMIs rebounded in March from record lows, showing economies can recover if citizens comply with stay-at-home policies long enough to smother the outbreak. It was a mixed session in Asia seeing the Nikkei closing down 0.88%, the Hang Seng however rose by 239 points to close the day 1% higher at 23,415 and in China there was also gains, albeit them more modest, rising by 0.5% to close at 2,692. Oil prices have indeed stabilised, trading above yesterdays 18 year lows, to trade at $23.13 per barrel (Crude)
Galliford Try announce that they are cancelling their interim dividend payment of 1.0p per share.
Imperial Brands announces a new £3.1bn multi-currency revolving credit facility which will provide the business with committed bank financing until March 2023. They also state that COVID-19 has had no material impact on the group performance to date and current trading remains in-line with expectations.
Melrose state they have cancelled their 2019 final dividend payment and said it could not provide further outlook as it’s markets have been hurt by the COVID-19 outbreak.
Royal Dutch Shell announce that based on changes to their oil price outlook for 2020, post-tax impairment charges in the range of $400-800 million are expected for Q1 2020. As a result of COVID-19, they expect significant uncertainty to continue with regards to prices and demand for oil.
FCA has asked UK companies to delay results
for at least two weeks to prevent investors acting on out-of-date information
FCA has asked UK companies to delay results
for at least two weeks to prevent investors acting on out-of-date information
CN – Chinese Non Manufacturing PMI
UK – Gross Domestic Product
GER – Unemployment Change
EU – Eurozone CPI
US – Consumer Confidence
UK 100 :
Smith & Nephew
Mondi
Melrose
Phoenix Group Holdings
Standard Life Aberdeen
:
Chemring Group
Moneysupermarket
Provident Financial
IMI
Man Group
ConvaTec Group
CLS Holdings
TP ICAP
Quilter
Softcat
ASOS Upgraded to Buy by Peel Hunt (Bloomberg: 13 Buys/ 11 Holds/ 5 Sells)
Aveva Downgraded to Equalweight by Barclays (Bloomberg: 3 Buys/ 10 Holds/ 2 Sells)
BAE Sysytems Downgraded to Sell by Day by Day (Bloomberg: 13 Buys/ 10 Holds/ 0 Sells)
BHP Group Upgraded to Buy by Morningstar (Bloomberg: 12 Buys/ 12 Holds/ 3 Sells)
Compass Group Upgraded to Buy by MainFirst Bank (Bloomberg: 11 Buys/ 9 Holds/ 3 Sells)
Imperial Brands Upgraded to Overweight by Piper Sandler & Co (Bloomberg: 15 Buys/ 4 Holds/ 2 Sells)
Next Upgraded to Buy by Peel Hunt (Bloomberg: 7 Buys/ 12 Holds/ 2 Sells)
SSE Upgraded to Buy by Day by Day (Bloomberg: 9 Buys/ 10 Holds/ 0 Sells)
Taylor Wimpey Downgraded to Neutral by J.P. Morgan (Bloomberg: 14 Buys/ 5 Holds/ 0 Sells)
Tesco Upgraded to Buy by Day by Day (Bloomberg: 11 Buys/ 4 Holds/ 2 Sells)
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