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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| VODAFONE GROUP PLC | 146.0 | 10.6% |
| PEARSON PLC | 927.0 | 5.9% |
| RELX PLC | 1,934.5 | 3.6% |
| RIGHTMOVE PLC | 524.9 | 2.6% |
| FERGUSON PLC | 6,158.0 | 2.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| ANGLO AMERICAN PLC | 2098.0 | -4.1% |
| ANTOFAGASTA PLC | 938.4 | -2.3% |
| INTL CONSOLIDATED AIRLINE-DI | 438.0 | -1.5% |
| NMC HEALTH PLC | 2470.0 | -1.5% |
| LLOYDS BANKING GROUP PLC | 56.0 | -1.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,549 | 0.8% | -2.0% |
| DOW JONES INDUS. AVG | 27,192 | 0.2% | 6.8% |
| DAX INDEX | 12,420 | 0.5% | -3.4% |
| NIKKEI 225 | 21,617 | -0.2% | -4.8% |
| S&P/ASX 200 INDEX | 6,826 | 0.5% | 8.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.04 | -0.28% |
| Brent Crude (ICE) | USD/bbl. | 63.13 | -0.52% |
| Gold Spot | USD/t oz. | 1,418 | -0.1% |
| Copper (Comex) | USd/lb. | 269 | 0.0% |
Click graph to enlarge
UK 100 called to open +5 at 7555; after a busy weekend of geopolitical announcements; Michael Gove said over the weekend that a no deal Brexit is now a ‘very real prospect’. The US Closed the week with a very strong trading session, with all major indices closing the final trading session of the week in the green! On Friday US president Donald Trump said ‘China may wait until after the 2020 U.S. presidential election to sign a trade agreement because Beijing would prefer to reach a deal with a Democrat’. Asian markets started the week on the back foot, highlighted by the Hang Seng falling 1.5% in overnight trading after after weekend of protests in Hong Kong. Oil has once again held around $63 a barrel over the weekend and gold held around the $1418 handle.
GSK ViiV Healthcare submits regulatory application to European Medicines Agency for investigational cabotegravir to be used in combination with rilpivirine as the first monthly, injectable treatment for HIV.
Hammerson have exchanged contracts with AXA Investment Managers for the sale of a 75% stake in the Parisian shopping destination Italie Deux, and the forward sale of 75% of the Italik extension for a total of £423m. EPS pf 14p (-7.3%) and Interim dividend of 11.1p unchanged.
Victoria Oil & Gas announces that it has signed a non-binding term sheet with Aksa Energy to supply them with up to 25mmsfd of gas to Aksa Energy's planned 150MW power station in Cameroon.
Ryanair announces Q1 2019 profits -21% to 243m euros, average fare -6%, traffic growth +11%. Costs +19% as fuel bill increased. Continue to guide broadly flat FY20 in 750-950m euro range. Expects weak fare environment to continue into Q2.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Informa downgraded to hold by Peel Hunt (Bloomberg: 16 Buys/ 6 Holds/ 0 Sell)
Just Eat Upgraded to Neutral by JP Morgan (Bloomberg: 6 Buys/ 9 Holds/ 1 Sell)
Centrica Upgraded to Hold by HSBC (Bloomberg: 1 Buy/ 13 Holds/ 5 Sell)
U.K House Price data (7.00am)
U.K Mortgage approvals (9.30am)
Keller Group, Cranswick, Hammerson
Greggs, Centrica, Reckitt Benckiser, BP (See Week in advance for full list)
Taylor Wimpey, Lloyds, BAE, Glencore, British American Tobacco, Barclays, Shell, Rio Tinto, Standard Chartered, IAG, RBS, BT (Again for a full list see the week in advance)
RELX: 0.7%
QuentiQ: 1.6%
Beazley: 0.7%
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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.
Prepared by Michael van Dulken, Head of Research