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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| HIKMA PHARMACEUTICALS PLC | 1,899.0 | 6.2% |
| RENTOKIL INITIAL PLC | 513.2 | 6.0% |
| OCADO GROUP PLC | 1,119.5 | 5.2% |
| WM MORRISON SUPERMARKETS | 180.1 | 5.2% |
| EXPERIAN PLC | 2,707.0 | 4.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| INTL CONSOLIDATED AIRLINE-DI | 433.1 | -8.2% |
| CARNIVAL PLC | 2333.0 | -4.2% |
| BARCLAYS PLC | 143.3 | -3.7% |
| WHITBREAD PLC | 3759.0 | -3.5% |
| EASYJET PLC | 1062.5 | -3.5% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,655 | 1.1% | -6.4% |
| DOW JONES INDUS. AVG | 26,703 | 5.1% | 2.6% |
| DAX INDEX | 11,858 | -0.3% | 2.2% |
| NIKKEI 225 | 21,083 | -1.2% | -2.4% |
| S&P/ASX 200 INDEX | 6,436 | 0.7% | 3.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 47.36 | 1.30% |
| Brent Crude (ICE) | USD/bbl. | 52.32 | 0.81% |
| Gold Spot | USD/t oz. | 1,595 | 0.3% |
| Copper (Comex) | USd/lb. | 260 | 0.2% |
Click graph to enlarge
UK 100 called to open +60 points at 6715; U.S. equity futures surrendered gains, Japanese stocks tumbled and bond yields fell Tuesday as enthusiasm about a shift by global policy makers to aid growth faded. Governments from Japan to the U.K. prepared emergency measures or economic packages to fight the spread of the coronavirus. Drug makers said they hope to have antiviral treatments ready within months and vaccines by next year. The Nikkei closed down 261 points at 21,082, the Hang Seng actually rose by 59 points to trade at 26,351, China also had a positive trading session to close 21 points higher at 4,091. Oil extended its rebound from last week’s slump as global policy makers pledged to safeguard markets from the coronavirus, while OPEC and its allies are expected to deepen production cuts. Gold investors are contemplating prospects for a global wave of monetary policy easing as authorities move to confront the challenges thrown up by the coronavirus crisis, including expectations for lower interest rates from the Federal Reserve that could weigh on the dollar.
Ashtead reports increases in FY revenue +13% and rental revenue +12%. UK market remains challenging and they expect results to be in line with expectations.
Direct Line insurance FY pretax profit fell -12.2% to £509.7m. Proposed final ordinary dividend of 14.4p and also announced a £150m share buyback. They remain on track to achieve operational and financial targets
Fresnillo reported this morning, saying 2019 was a more challenging year as expected, but remain determined and optimistic for the future. silver production fell by 11.6%, gold production was also lower. Gross profit fell by 40.9%. In 2020, Fresnillo expects to produce in the range of 51 to 56 moz of silver and 815 to 900 koz of gold.
Greggs announced it has made a very strong start to 2020 in January but saw a significant slowdown in February due to widespread storms that kept shoppers away. Pre-tax profit +27.2% to £114.2m ahead of analysts’ expectations. Like-for-like sales +7.5% (2019: +9.2%). They cautioned there is some uncertainty in the outlook, particularly given the potential impact of coronavirus.
Travis Perkins today said they had delivered Positive trading performance against a challenging market backdrop. Adjusted operating profit growth of 7.8% driven by Wickes recovery, the transformation programme in P&H and the positive impact of cost reduction activities.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Travis Perkins
Direct Line Group
Aggrekko
Ashtead
Intertek
Greggs
Fresnillo
DS Smith
Biffa
Legal & General
Polymetal
JP Morgan Mid Cap Investment Trust
EU - Consumer Price Index
US - Democratic Primaries Super Tuesday
UK 100 :
BHP Group
Rio Tinto
Persimmon
Evraz
RSA Insurance
Standard Chartered
:
Oxford Instruments
SSP Group
Safestore Holdings
McCarthy & Stone
Renishaw
St Modwen
Redrow
Ashmore Group
Hays
Dechra
Grafton
Barclays Downgraded to Hold by Societe Generale (Bloomberg: 15 Buys/ 7 Holds/ 2 Sells)
Covatec Upgraded to Buy by Morningstar (Bloomberg: 8 Buys/ 6 Holds/ 3 Sells)
Grainger Upgraded to Buy by Numis Securities (Bloomberg: 6 Buys/ 4 Holds/ 0 Sells)
Hikma Upgraded to Hold by Morningstar (Bloomberg: 8 Buys/ 5 Holds/ 2 Sells)
Kainos Upgraded to Hold by Panmure Gordon & Co Limited (Bloomberg: 4 Buys/ 1 Holds/ 0 Sells)
Reach Upgraded to Add by Peel Hunt (Bloomberg: 2 Buys/ 2 Holds/ 0 Sells)
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