This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Yesterday’s FTSE100 Leaders||Price (p)||% Chg|
|NMC HEALTH PLC||2,351.0||5.7%|
|SMURFIT KAPPA GROUP PLC||2,758.0||4.6%|
|RIO TINTO PLC||4,294.0||3.0%|
|Yesterday’s FTSE100 Laggards||Price (p)||% Chg|
|FLUTTER ENTERTAINMENT PLC||7932.0||-3.4%|
|LAND SECURITIES GROUP PLC||914.0||-2.0%|
|JD SPORTS FASHION PLC||758.2||-1.5%|
|BRITISH LAND CO PLC||602.8||-1.4%|
|Major World Indices||Price||% Chg||1 Year|
|FTSE 100 INDEX||7,370||0.9%||3.7%|
|DOW JONES INDUS. AVG||27,462||0.4%||7.9%|
|S&P/ASX 200 INDEX||6,697||0.2%||15.1%|
|WTI Crude Oil (Nymex)||USD/bbl.||56.60||0.11%|
|Brent Crude (ICE)||USD/bbl.||62.25||0.19%|
|Gold Spot||USD/t oz.||1,506||-0.3%|
FTSE 100 called to open +20 points at 7390; overnight sessions in both Asia stocks and U.S. saw gains after further records were reached on Wall Street, spurred by signs the U.S. and China are inching toward a trade deal. The Dow Jones closed at 27,462, +114 points (a new record close) with futures currently sitting at in excess of 27,500. The S&P also tumbled previous records to close at 3,078, +11 points; and to complete the set the Nasdaq closed at record highs also, 8,433, +46 points. The Nikkei closed gaining just shy of 2% +435 points! The Hang Seng also added +145 points. In focus today will be global equities, could this be the foothold for a return to record highs this side of the pond? Oil has maintained its $62 per barrel level whilst gold has pulled back slightly ($1507) to add further fuel to the risk on appetite that exists.
AB Foods reported a +2% rise in annual earnings with growth at its Primark and grocery businesses more than offset lower sugar profits. EPS of 137.5p, exceeding 17/18’s 134.9p payment. Well positioned for further progress in 2020 with the continued expansion of Primark, a material improvement in sugar profit and strong profit growth in grocery.
Imperial Brands posted slightly higher-than-expected FY 2019 sales and has appointed Therese Esperdy to succeed Mark Williamson as chairman. Revenue from next-generation products rose +3.9% to £7.99bn (£7.93bn expected). Adjusted EPS of 273.3p.
Ryanair October traffic grows +5% to 13.8m guests.
Topps Tiles group CEO Matt Williams has decided to step down from the board with effect from 29th November 2019. Rob Parker current CFO will be appointed as his replacement.
Weir group reports growth in Q3 2019 underpinned by expanded mining equipment offering. No change to FY guidance.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Aggreko Upgraded to Outperform by Credit Suisse (Bloomberg: 6 buys/ 3 holds/ 6 sells)
Dixons Carphone Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 6 buys/ 7 holds/ 1 sells)
HSBC Downgraded to Sell by Berenberg (Bloomberg: 4 buys/ 11 holds/ 12 sells)
Hunting Downgraded to Sell by Goldman Sachs (Bloomberg: 10 buys/ 4 holds/ 2 sells)
John Wood Upgraded to Neutral by Goldman Sachs (Bloomberg: 11 buys/ 6 holds/ 1 sells)
Micro Focus International Upgraded to Neutral by Goldman Sachs (Bloomberg: 4 buys/ 5 holds/ 3 sells)
Next Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 6 buys/ 11 holds/ 5 sells)
Smith & Nephew Upgraded to a Hold rating by Morningstar (Bloomberg: 5 buys/ 8 holds/ 2 sells)
Chinese Caixin Services PMI
US Trade Balance
ISM non manufacturing PMI
Associated British Foods, Imperial Brands
Marks & Spencer, Intu Properties
Flutter, Hikma, Provident Financial, Persimmon, RSA Insurance, Sainsburys
(Full list available on Week in advance)
BP – 1.6%
Whitbread – 0.8%
Galliford Try – 4.7%
Card Factory – 4.6%
(Full list available on Week in advance)
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