This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| TUI AG-DI | 959.6 | 6.5% |
| HIKMA PHARMACEUTICALS PLC | 2,151.0 | 2.9% |
| OCADO GROUP PLC | 1,340.0 | 2.1% |
| SAGE GROUP PLC/THE | 684.2 | 1.6% |
| CARNIVAL PLC | 3,675.0 | 1.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| EVRAZ PLC | 460.1 | -5.5% |
| AUTO TRADER GROUP PLC | 498.5 | -3.7% |
| IMPERIAL BRANDS PLC | 2020.0 | -3.5% |
| BURBERRY GROUP PLC | 2119.0 | -3.0% |
| SPIRAX-SARCO ENGINEERING PLC | 7770.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,291 | -0.5% | -2.9% |
| DOW JONES INDUS. AVG | 26,808 | -0.5% | 1.2% |
| DAX INDEX | 12,307 | -0.3% | -0.6% |
| NIKKEI 225 | 22,013 | -0.4% | -8.0% |
| S&P/ASX 200 INDEX | 6,710 | -0.6% | 8.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.90 | -0.68% |
| Brent Crude (ICE) | USD/bbl. | 62.57 | -0.84% |
| Gold Spot | USD/t oz. | 1,530 | -0.2% |
| Copper (Comex) | USd/lb. | 260 | -0.4% |
UK 100 called to open -30 points at 7260; Global markets sold off yesterday on news that Donald Trump faces an impeachment inquiry. Nancy Pelosi said House Democrats will open a formal investigation amid allegations the president urged Ukraine's leader to probe Joe Biden. Trump said he'll "release the transcript of his July 25 phone call with Volodymyr Zelenskiy" today. This also lead to Asia markets trading lower. In Japan, the Nikkei slipped 0.44% & the Shanghai composite down 0.57%. Stateside The S&P 500 dropped 0.8%, however Stocks trimmed some of their losses after Trump said he would release the full transcript of the controversial call. Oil sold off overnight also, seeing further risk off appetite amongst investors, settling at $62.5 per barrel. Gold once again the big winner, hitting $1530
Aston Martin announced the successful completion of pricing of $150m senior secured notes; option to draw up to $100m additional notes to improve financial flexibility.
Babcock reports trading across the group in line with expectations. They have reiterated their full year guidance for revenue, operating profit & free cash flow.
Boohoo beats on H1 2019 Revenue, profits rise and affirms their full year view. Pre-tax profits +83%, Revenue +43% and they expect full year group revenue growth to be +33-38%.
Sainsbury reports improved sales momentum across all areas of the business; mainly grocery, general merchandise and clothing. They expect first half underlying profit before tax to reduce by £50m year on year due to cost savings, unseasonal weather, strong comparative trading period last year and high marketing costs.
United Utilities reported higher underlying profit and revenue for H1 2019, but said it expects debt to rise because of a repayment of £100m to its pension scheme and the impact of new reporting standards. They expect net debt to increase by around £250m.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
BBA Aviation downgraded to Hold by Berenberg (Bloomberg: 5 buys/ 1 holds/ 0 Sells)
UK High Street Lending
US New Home Sales
Babcock, Halma, United Utilities, Boohoo, Sophos
Carnival, Mitchells & Butler, DFS
Pennon Group
(Full list available on Week in advance)
Morrisons - 1.9%
Hargreaves Lansdown - 1.6%
Smurfit Kappa Group - 1.0%
IG Group - 5.1%
Bovis Homes - 1.9%
(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.
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.