This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Wednesday’s UK 100 Leaders | Price (p) | % Chg |
| SSE PLC | 1,385.0 | 9.1% |
| BERKELEY GROUP HOLDINGS/THE | 4,397.0 | 4.1% |
| AVEVA GROUP PLC | 4,084.0 | 3.7% |
| MEGGITT PLC | 319.2 | 3.0% |
| JUST EAT TAKEAWAY | 7,860.0 | 2.4% |
| Wednesday’s UK 100 Laggards | Price (p) | % Chg |
| CARNIVAL PLC | 1275.0 | -5.9% |
| LEGAL & GENERAL GROUP PLC | 222.8 | -4.4% |
| INTL CONSOLIDATED AIRLINE-DI | 270.5 | -3.5% |
| AVIVA PLC | 278.3 | -3.4% |
| BUNZL PLC | 2088.0 | -2.8% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,253 | 0.2% | -16.0% |
| DOW JONES INDUS. AVG | 26,120 | -0.7% | 0.0% |
| DAX INDEX | 12,382 | 0.5% | 2.5% |
| NIKKEI 225 | 22,456 | -0.6% | 7.1% |
| S&P/ASX 200 INDEX | 5,992 | 0.8% | -8.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 37.65 | -0.82% |
| Brent Crude (ICE) | USD/bbl. | 40.71 | -0.61% |
| Gold Spot | USD/t oz. | 1,727 | 0.0% |
| Copper (Comex) | USd/lb. | 261 | -0.1% |
Click graph to enlarge
UK 100 called to open -28 points this morning at 6225. Calls for a negative open come as global stocks dipped on fresh fears of a second wave of coronavirus cases in both China and some US States. Yesterday on Wall Street, the Dow Jones closed down 170 points or 0.65% to finish at 26,119 whilst the S&P 500 gave up 0.36% to 3,113. The Russell 2000 index ended trading down 1.77% at 1,426. Trading in Asia overnight saw, Japan’s Nikkei close 0.42% lower at 22,361 while Hong Kong’s Hang Seng was down 0.36% at 24,393 and the Shanghai Composite made a positive mark, up 0.19% at 2,942. In focus today will be the Bank of England Interest rate decision, whilst it is expected to keep interest rates unchanged at 0.1%. after some members called for an extension of quantitative easing at the previous meeting, some economists have suggested afresh stimulus could be coming to help support the economy and share prices. Brent crude trades at $40.52 per barrel, down 1.07%, while West Texas crude is at $37.66 per barrel, down 1.87%.
BP has raised $12bn of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet.
National Grid reports FY operating profit +1% with COVID-19 impact on earnings driven by £117m increased provision for US bad debts. Recommended final dividend to bring FY dividend to 48.57p (+2.6%) and FY 21 outlook assumes impact of COVID-19 on operating profit to be around £400m.
Taylor Wimpey has said it intends to resume dividends in 2021 and launched a share sale to raise around £500m.
Tesco announces the sale of its business in Poland to Salling Group A/S which includes 301 stores worth £181m.
Superdry is to take back full control of its brand in China by exiting its joint venture with Trendy.
National Grid
Blue Prism
Safestore
John Wood Group
EU - European Council Meeting
EU - Economic Bulletin
UK - Bank Of England Interest Rate Decision
US - Initial Jobless Claims
JP - Bank Of Japan Monetary Policy Meeting Minutes
UK 100:
Intermediate Capital Group
Johnson Matthey
UK 250:
Tate & Lyle
TR Property Investment Trust
Pets At Home Group
3i Infrastructure
Fidelity China Special Situations
Big Yellow Group
LondonMetric Property
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.