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Morning Report - 7 May 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
OCADO GROUP PLC 1,772.5 5.6%
HIKMA PHARMACEUTICALS PLC 2,490.0 5.2%
INTERMEDIATE CAPITAL GROUP 1,138.0 3.9%
ASTRAZENECA PLC 8,830.0 3.7%
AVEVA GROUP PLC 3,709.0 3.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
PEARSON PLC 431.6 -7.2%
CARNIVAL PLC 908.8 -5.4%
MEGGITT PLC 251.9 -4.6%
ROYAL DUTCH SHELL PLC-B SHS 1230.6 -4.1%
ROYAL BANK OF SCOTLAND GROUP 108.2 -4.0%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,854 0.1% -20.7%
DOW JONES INDUS. AVG 23,665 -0.9% -10.5%
DAX INDEX 10,606 -1.2% -13.7%
NIKKEI 225 19,619 -2.8% -11.9%
S&P/ASX 200 INDEX 5,385 -0.4% -14.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 24.14 -1.71%
Brent Crude (ICE) USD/bbl. 29.90 -3.45%
Gold Spot USD/t oz. 1,685 -1.3%
Copper (Comex) USd/lb. 234 0.3%

 

UK 100 called to open flat points at 5854.

1 hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open flat points at 5854.  Overnight trading in Asia, saw stocks were mixed and U.S. futures pushed higher Thursday as investors digested a surprise rise in China’s exports amid mixed global economic data. China’s exports unexpectedly rose in April aided by stronger shipments to South East Asia, though with the coronavirus pandemic damaging global demand that increase is likely to be temporary. Imports fell. Exports rose 3.5% in dollar terms in April from a year earlier, while imports dropped 14.2%, the customs administration said Thursday. The U.K. is set to ease parts of its nationwide lockdown Monday, with companies warning that continuing social distancing will hurt any economic recovery. Oil was anchored near $24 a barrel after halting a five-day rally as investors weigh small signs of recovering demand against a huge glut that’s testing global storage capacity limits. Futures edged higher in New York after losing 2.3% on Wednesday. American gasoline consumption on a four-week basis rebounded at its strongest rate on record last week.

 

Company News:

 

AA announces that FY20 profit before tax has more than doubled to £107m and that they currently expect performance this year to be slightly below that of last years results.

 

BT has suspended its dividend until 2021/22 and pulled its financial outlook in response to the COVID-19 pandemic as they announce 2019/20 results are in line with expectations.

 

IAG announces that Luis Gallego will suceed Willie Walsh as group CEO on 24th September 2020.

 

IHG holiday Inn-owner said it expects revenue per available room to plunge 80% in April compared with last year and that the coronavirus crisis was the biggest challenge the hotel industry has ever faced.

 

Rolls Royce says it can deliver up to £1bn of savings this year by working with their own supply-chain to reduce direct procurement as well as placing 4,000 UK employees on furlough. Currently expect to deliver around 250 Widebody engines in 2020, down from previous guidance of 450.

 

Superdry sales have plunged 37% in Q1 2020, reflecting the closure of its stores across the world due to coronavirus outbreak. The group has continued to trade online, offsetting some of its lost store sales.

 

Reporting Today:

 

BT

Trainline

Equiniti

Flutter Entetainment

Intercontinental Hotels Group

Mondi

National Express

RSA Insurance

Superdry

 

 

Reporting Tomorrow:

 

None - Bank Holiday

 

In Focus Today:

 

CN - Trade Balance

GER - Industrial Production

UK - Bank OF England Interest Rate Decision

US - Initial Jobless Claims

 

Today's Ex Dividends:

 

UK 100 :

 

BP

Admiral Group

St. James’s Place

Polymetal International

 

:

 

GCP Infrastructure Investments

Edinburgh Investment Trust

Lancashire Holdings

Hipgnosis Songs Fund

Upgrades/Downgrades:

 

Aston Martin Downgraded by HSBC to Hold (Bloomberg: 0 Buy/ 6 Holds/ 5 Sells)

 

Burberry Upgraded by HSBC to Buy (Bloomberg: 6 Buy/ 12 Holds/ 4 Sells)

 

Hiscox Upgraded by Barclays to Equalweight (Bloomberg: 7 Buy/ 6 Holds/ 0 Sells)

 

Segro Upgraded by Stifel to Buy (Bloomberg: 9 Buy/ 7 Holds/ 3 Sells)

 

 

 

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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