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Morning Report - 19 May 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
CARNIVAL PLC 1,015.0 14.6%
ANGLO AMERICAN PLC 1,600.2 11.6%
INTL CONSOLIDATED AIRLINE-DI 188.2 11.0%
EASYJET PLC 551.6 10.5%
INTERCONTINENTAL HOTELS GROU 3,568.0 10.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 1903.5 -2.6%
WM MORRISON SUPERMARKETS 188.9 -0.5%
AUTO TRADER GROUP PLC 500.0 -0.4%
ADMIRAL GROUP PLC 2290.0 0.1%
HIKMA PHARMACEUTICALS PLC 2460.0 0.2%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,049 4.3% -17.7%
DOW JONES INDUS. AVG 24,597 3.9% -4.5%
DAX INDEX 11,059 5.7% -9.6%
NIKKEI 225 20,134 0.5% -5.3%
S&P/ASX 200 INDEX 5,461 1.0% -14.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 32.74 11.25%
Brent Crude (ICE) USD/bbl. 35.58 9.48%
Gold Spot USD/t oz. 1,732 0.0%
Copper (Comex) USd/lb. 242 4.0%
UK 100 called to open +40 points at 6090.

1 hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +40 points at 6090.  Following yesterdays global market rally, positive sentiment and momentum continued this morning on the back of fresh vaccine hopes.  Asian markets closed out the day in positive territory, in Japan the Nikkei 225 closed out the day 1.5% higher at 20,433, in Hong Kong, the Hang Seng closed 503 points higher (2.1%) at 24,437 and in China the CSI 300 closed 28 points higher at 3,951, a gain of 0.75%.  US futures are already showing early gains of 166 points on Wall Street.  Oil has retraced from its highs, having given up some of its earlier sizable gains, however still trades higher than yesterdays closing value at $33.38.

 

Company News:

 

Antofagasta have cut its 2019 final dividend recommendation to 7.1 cents per share. This represents a reduction of 16.3 cents per share from the previous recommendation, due to the impact of COVID-19.

 

Compass Group has launched a £2bn share offer, seeking to shore up its liquidity as the coronavirus crisis continues to keep many of its food service operations in offices and schools closed. They have also withdrawn their 2020 outlook and said that the drop through impact of lost revenues on operating profit in April was 23% due to lockdowns across its markets.

 

Imperial Brands reported slightly lower-than-expected H1 revenue and said that the impact from COVID-19 pandemic would be more pronounced in H2. They are to rebase their dividend by a third as it seeks to save cash during the pandemic, whose impact will be a low-single-digit hit to earnings per share for FY 2020.

 

Topps Tiles reports that the coronavirus lockdown has had a material impact on trading during April. The firm expects to have 250 stores fully opened by end of May, woth the remaining 100 stores open by the end of June. For H1 2020 they reported a 85% fall in adjusted pretax profit to £1.2m.

 

Reporting Today:

 

DCC

Avon Rubber

Imperial Brands

Shoe Zone

Topps Tiles

UDG Healthcare

 

Reporting Monday:

 

Experian

Great Portland Estates

Marks & Spencer

Severn Trent

Compass Group

Coats Group

 

In Focus Today:

 

UK - ILO Unemployment Rate

GER - ZEW Economic Sentiment Survey

US - Building Permits

 

This Week's Ex Dividends:

 

UK 100 :

 

Tesco

Morrisons

Intertek

Sage

 

:

 

Avast

Brewin Dolphin Holdings

NextEnergy Solar Fund

Witan Investment Trust

Pershing Square Holdings

 

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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