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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| MELROSE INDUSTRIES PLC | 201.8 | 8.8% |
| NMC HEALTH PLC | 2,759.0 | 6.3% |
| ST JAMES’S PLACE PLC | 971.6 | 5.1% |
| ITV PLC | 121.2 | 4.1% |
| LEGAL & GENERAL GROUP PLC | 232.2 | 3.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 723.0 | -5.8% |
| DIAGEO PLC | 3489.0 | -3.4% |
| BHP GROUP PLC | 1750.6 | -3.1% |
| RELX PLC | 1940.0 | -2.9% |
| ASTRAZENECA PLC | 7191.0 | -2.7% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,271 | -0.6% | -0.7% |
| DOW JONES INDUS. AVG | 26,728 | 1.4% | 2.8% |
| DAX INDEX | 12,127 | 0.9% | 1.4% |
| NIKKEI 225 | 21,200 | 0.5% | -5.7% |
| S&P/ASX 200 INDEX | 6,647 | 0.5% | 7.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.26 | -0.07% |
| Brent Crude (ICE) | USD/bbl. | 60.90 | -0.08% |
| Gold Spot | USD/t oz. | 1,514 | -0.3% |
| Copper (Comex) | USd/lb. | 263 | -0.6% |
Click graph to enlarge
UK 100 called to open -10 points at 7261; This follows news that opposition parties plan to call a general election on October 29th in a move that looks to unsettle and out manoeuvre Boris Johnson. Overnight trading in Asia saw a positive trading session on renewed hopes of progress with Chinese-US trade talks (now scheduled at a high level for early October). Angela Merkel also waded in on the matter saying she hopes these trade issues will be over soon. The Dow Jones continued to motor on, now adding just short of 2000 points in the last month! In focus today will be Non-farm payrolls where a slow down in US job growth is expected, but enough to support the economy. Oil pulled back from its highs of yesterday following a bigger than expected draw-down, but still settled above $61 per barrel, gold was yesterdays most noticeable faller, currently settled at $1515.
In corporate news this morning:
Ashmore group announces H1 2019 assets under management +24%, strong returns delivered by their active investment process. EBITDA +10%, profit before tax +15% and recommended final dividend per share of 12.1p.
Berkeley Group anticipates net cash at half year to be at a similar level to full year position of £975m. First 4 months of this financial year, market conditions in London and South East have remained robust. Over six years to 30 April 2025, sees profit ranging between £500-700m.
Weir Group wins record £100m order for Australian magnetite iron ore project.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Pennon Upgraded to Outperform by RBC Capital Markets (Bloomberg: 5 Buys/ 6 Holds/ 2 Sells; 12 month average price target: 824p)
United Utilities Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 5 Buys/ 8 Holds/ 3 Sells; 12 month average price target: 853p)
Royal Bank Of Scotland Downgraded to Hold by Deutsche Bank (Bloomberg: 12 Buys/ 11 Holds/ 2 Sells; 12 month average price target: 252p)
Lloyds Downgraded to Hold by Deutsche Bank (Bloomberg: 16 Buys/ 8 Holds/ 3 Sells; 12 month average price target: 66p)
Dunelm Upgraded to Hold by HSBC (Bloomberg: 2 Buys/ 3 Holds/ 4 Sells; 12 month average price target: 1805p)
Kaz Minerals Upgraded to Overweight/Inline by Morgan Stanley (Bloomberg: 15 Buys/ 9 Holds/ 2 Sells; 12 month average price target: 623p)
Eurozone GDP
Non-Farm payrolls
IAG, Ashmore, Berkeley Group
ABF, Abcam, 888, Ashtead, Cairn, GKP, JD Sports, Galliford, Morrisons, Weatherspoons
Melrose
The restaurant Group
Computacenter
BBA Aviation
Cineworld
(Full list available on Week in advance)
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