This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Wednesday’s UK 100 Leaders | Price (p) | % Chg |
INTL CONSOLIDATED AIRLINE-DI | 193.8 | 10.5% |
EVRAZ PLC | 321.9 | 9.0% |
COCA-COLA HBC AG-DI | 2,198.0 | 8.1% |
GLENCORE PLC | 196.2 | 7.5% |
POLYMETAL INTERNATIONAL PLC | 2,050.0 | 6.4% |
Wednesday’s UK 100 Laggards | Price (p) | % Chg |
DIAGEO PLC | 2623.0 | -3.6% |
NATIONAL GRID PLC | 907.4 | -1.7% |
RECKITT BENCKISER GROUP PLC | 7710.0 | -1.2% |
HSBC HOLDINGS PLC | 333.5 | -1.0% |
PENNON GROUP PLC | 1054.0 | -0.9% |
Major World Indices | Price | % Chg | 1 Year |
UK 100 INDEX | 6,105 | 1.1% | -15.5% |
DOW JONES INDUS. AVG | 27,202 | 1.4% | 5.8% |
DAX INDEX | 12,660 | 0.5% | 8.6% |
NIKKEI 225 | 22,515 | -0.3% | 9.4% |
S&P/ASX 200 INDEX | 6,001 | -0.6% | -7.4% |
Commodities | Units | Price | % Chg |
WTI Crude Oil (Nymex) | USD/bbl. | 42.20 | 1.20% |
Brent Crude (ICE) | USD/bbl. | 45.26 | 1.87% |
Gold Spot | USD/t oz. | 2,038 | 0.0% |
Copper (Comex) | USd/lb. | 292 | 0.8% |
UK 100 called to open -40 points this morning at 6065. Calls for a slightly negative open come on the back of the Bank of England holding interest rates at 0.1% this morning, and issuing a unemployment warning for the UK. Yesterday U.S. stocks ended near record highs on Wednesday, with the S&P 500 finishing just shy of its February all-time high and the Nasdaq notching its 31st record high of 2020. Hope of further stimulus from the U.S. government to help out-of-work Americans. The Dow Jones rose 373.05 points, or 1.4%, to close at 27,201.52, its largest daily percent gain since July 14, while the S&P 500 gained 21.26 points, 0.6%, to end at 3,327.77. The Nasdaq added 57.23 points, 0.5%, closing at 10,998.40.
Aviva report they are to reduce their focus on its Asian and European businesses as it posted a 12% drop in H1 2020 profit to £1.2bn. They are looking to focus on UK, Ireland and Canada instead.
Evraz says H1 2020 net profit came in at $513m, whilst H1 revenue fell 18.8% Y-o-Y to $4.98bn. An interim dividend for 2020 of $291.37m (20 cents per share) has been declared.
Glencore is to scrap its dividend (worth $2.6bn) to focus on lowering debt as COVID-19 pandemic forced it to book a $3.2bn impairment charge. EBITDA fell 13% to $4.8bn in H1 2020, beating analysts average expectations of $4.3bn. They posted a net loss for the period of $2.6bn (2019: $226m profit). Their trading arm saw a record EBIT of $2bn in H1 2020 as they benefited from extreme volatility in the oil market.
GSK announce that the FDA have approved their experimental treatment of BLENREP for a common form of blood cancer.
Hammerson plans to raise £825m from a rights issue, stake sale in VIA outlets. Net rental income fell 44% to £87.3m for H1 2020.
ITV H1 2020 earnings drop 50% after COVID-19 hits advertising revenues and interrupted the production of new shows. Ad revenue for Q2 fell 43%, with total external revenue for H1 2020 AT £1.22bn. Adjusted earnings before interest, tax and amortization halved to £165m.
Meggitt says its financial position and liquidity remain strong in a statement issued in response to press speculation which said it might need to raise new equity because of the pandemic.
Evraz
Mondi
Savills
Serco
ITV
Aviva
Glencore
Cineworld
Hargreaves Lansdown
Hikma Pharmaceuticals
Rightmove
Standard Life Aberdeen
Metrobank
UK – BOE Interest Rate Decision
GER – Industrial Production Data
US – Initial Jobless Claims
UK 100:
Unilever
Fresnillo
UK 250:
Sabre Insurance Group
IMI
HICL Infastructure
Aberforth Smaller Companies Trust
Moneysupermarket Grou
Kainos Group
St. Modwen Properties
Avon Rubber
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.
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.