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Morning Report - 5 June 2020

Yesterday’s UK100 Leaders Price (p) % Chg
EASYJET PLC 833.0 6.2%
INTL CONSOLIDATED AIRLINE-DI 288.2 3.2%
MEGGITT PLC 339.6 2.9%
CARNIVAL PLC 1,194.5 1.7%
BERKELEY GROUP HOLDINGS/THE 4,363.0 1.6%

 

Yesterday’s UK100 Laggards Price (p) % Chg
INTERMEDIATE CAPITAL GROUP 1281.0 -7.6%
PENNON GROUP PLC 1134.0 -5.0%
WHITBREAD PLC 2525.0 -4.8%
HARGREAVES LANSDOWN PLC 1622.5 -4.3%
SCHRODERS PLC 3030.0 -3.3%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,341 -0.6% -12.1%
DOW JONES INDUS. AVG 26,282 0.1% 3.8%
DAX INDEX 12,431 -0.5% 3.8%
NIKKEI 225 22,696 0.4% 9.2%
S&P/ASX 200 INDEX 5,992 0.9% -5.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 37.41 0.32%
Brent Crude (ICE) USD/bbl. 39.86 0.18%
Gold Spot USD/t oz. 1,714 0.0%
Copper (Comex) USd/lb. 249 0.1%

 

UK 100 called to open +60 points at 6400.

4 hours; 3 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +60 points at 6400.  Asian markets overnight were upbeat, with Japan’s Nikkei 225 up 82 points at 22,778 and Hong Kong’s Hang Seng 57 points firmer at 24,423. This follows a muted session in the U.S yesterday, which saw the Dow Jones rise by 12 points to close at 26,282 while the S&P 500 fell 11 points to 3,112. Oil prices nudged higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.  Brent crude futures were up 0.5%, at $40.19 a barrel this morning, while US West Texas Intermediate (WTI) crude futures were up 0.2%, to $37.49 a barrel.

 

Company News:

 

Biffa posts FY underlying profit before tax of £71.7m. They stated that no final dividend will be recommended for FY 2020 and that the outlook remains uncertain.

 

Kaz Minerals states that the group's capital expenditure guidance of $150m for 2020 remains in place.

 

Premier Oil announce that they have amended terms for the acquisition of the Andrew Area and Shearwater assets (BP Acquisitions) agreed in principle and that cash payable at the end of completion is reduced to $210m.

 

Revolution Bars launches £15m share placing to pay down debt.

 

Taylor Wimpey sees jump in bookings as lockdown eases.

 

Workspace reports that their FY profit nearly halved, down 47% to £72.5m and that they expect more trouble to come in the months ahead due to a drop in new business since the coronavirus outbreak occured.

 

Reporting Today:

 

Workspace Group

 

Reporting Monday:

 

None

 

In Focus Today:

 

GER - Factory Orders

US - Nonfarm Payroll

US - Unemployment Rate

 

Next Week's Ex Dividends:

 

UK 100:

 

Vodafone

Severn Trent

3i Group

 

UK 250:

 

Templeton Emerging Markets IT

BlackRock Smaller Companies Trust

AVI Global Trust

Assura

Personal Assets Trust

 

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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