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Morning Report - 27 August 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
FRESNILLO PLC 684.4 2.9%
SSE PLC 1,124.0 2.6%
BERKELEY GROUP HOLDINGS/THE 3,969.0 2.6%
CRH PLC 2,644.0 1.6%
BARRATT DEVELOPMENTS PLC 636.0 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
NMC HEALTH PLC 2157.0 -6.1%
JD SPORTS FASHION PLC 600.8 -2.9%
MARKS & SPENCER GROUP PLC 186.7 -2.6%
SCOTTISH MORTGAGE INV TR PLC 511.0 -1.9%
CARNIVAL PLC 3434.0 -1.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,095 -0.5% -6.4%
DOW JONES INDUS. AVG 25,899 1.1% -0.6%
DAX INDEX 11,658 0.4% -7.0%
NIKKEI 225 20,441 0.9% -10.2%
S&P/ASX 200 INDEX 6,471 0.5% 3.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 53.81 0.32%
Brent Crude (ICE) USD/bbl. 58.89 0.32%
Gold Spot USD/t oz. 1,534 0.4%
Copper (Comex) USd/lb. 254 -0.2%

 

UK 100 called to open -22 points at 7181

UK 100 : 5 Minutes, 6 days

Click graph to enlarge

Markets Overview:

UK Index called to open down 10 points today at 7075; this comes in spite of Donald Trump saying that a trade deal is “coming” calls for a muted open could be on the back of UK Bank holiday weekend and lower volumes of trading, as we head into September historically we have seen volumes increase as traders return from their summer breaks. U.K Prime Minister Boris Johnson also said over the weekend that he is willing to take Brexit negotiations right "down to the wire" if necessary.  Yesterday saw positive trading sessions both in the U.S and Asia, the Dow Jones recovering 270 points following last weeks sell off and the Nikkei adding just shy of 1%. Oil slipped back slightly to $58 a barrel from last weeks level of $60 and gold was the big winner, striking new multi year highs to settle at $1533.

 

In corporate news this morning:

Bunzl reports H1 2019 Revenue £4.5bn (2018: £4.3bn), Pretax profit £264.9m (2018: 257.9m) and interim dividend of 15.5p.  Overall group’s expectations for 2019 remain unchanged.

Carpetright announces Meditor has agreed to purchase the company's revolving credit facility (worth £40.7m) with the terms of the facility to remain unchanged.

Polymetal reports H1 2019 earnings -12.6% to $153m with revenues +20% $946m. An interim dividend of $0.20 (H1 2018: $0.17). H1 adjusted EBITDA +34% to $403m. They remain on track to meet its 2019 production guidance of 1.55 moz of gold equivalent.

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Upgrades/Downgrades:

G4S Upgraded to Outperform by RBC (Bloomberg: 10 Buys / 5 Holds / 0 Sells)

 

In Focus Today:

German GDP

U.S House price data

U.S Consumer Confidence

API weekly crude oil stocks

 

Companies reporting day reactions:

Polymetal, Bunzl

 

Companies reporting tomorrow:

Diploma, Petrofac, WH Smith

 

Companies reporting this week:

Hays, Hunting, EVR Holdings, Grafton Group

 

This weeks ex-Dividends:

St James place - 2%

Autotrader - 0.9%

Hammerson - 5.1%

Plus 500 - 3.1%

Centamin - 2.4%

(Full list available on Week in advance)

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.


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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.


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