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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| JD Sports Fashion plc | 635.4 | 3.8% |
| Standard Life Aberdeen Plc | 264.2 | 3.7% |
| 3i Group Plc | 816.8 | 3.7% |
| Schroders plc | 2,957.0 | 3.3% |
| Hargreaves Lansdown plc | 946.4 | 3.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| United Utilities Group Plc | 912.4 | -4.5% |
| Rightmove plc | 530.0 | -4.2% |
| Compass Group plc | 1074.0 | -3.5% |
| GVC Holdings plc | 745.2 | -3.0% |
| Whitbread plc | 2140.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,147 | 0.4% | -17.2% |
| DOW JONES INDUS. AVG | 25,746 | 1.2% | -3.0% |
| DAX INDEX | 12,178 | 0.7% | -0.4% |
| NIKKEI 225 | 22,260 | -1.2% | 5.6% |
| S&P/ASX 200 INDEX | 5,818 | -2.5% | -12.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 38.72 | 1.87% |
| Brent Crude (ICE) | USD/bbl. | 41.45 | 2.83% |
| Gold Spot | USD/t oz. | 1,764 | 0.0% |
| Copper (Comex) | USd/lb. | 268 | 0.8% |
Click graph to enlarge
UK 100 called to open +64 points this morning at 6220. The UK 100 rebounded yesterday to continue to find support around the 6150 level, this was after it pared earlier losses on the back of a 4th consecutive week of reduced new unemployment claims in the US and further stimulus in the market as banks were told they will have more lax regulations allowing the larger banks to invest in riskier funds, such as venture capital funds, regulators also relieved banks from having to build up case safeguards against certain derivatives trades. Bank stocks rallied and this in turn saw the Dow Jones not only regain early losses but actually close out the day higher by 300 points. In Asia, Japan followed the trend this morning but not so shares in Hong Kong. Tokyo’s Nikkei 225 was 275 points better at 22,535 but Hong Kong’s Hang Seng was 110 points weaker at 24,671. Brent crude oil trades at $41.62 a barrel, up 50 cents. Gold: trades at $1,769.00 an ounce, down $1.60, further evidence of a more risk on attitude from investors.
Tesco says underlying sales rose 8.7% in the “Covid-19 Lockdown Quarter”. Earning were boosted by the majority of the country being in lockdown in the period. The company expects operating profit in 2020-21 to be similar to 2019-20. Provisions were increased for bad debts at Tesco bank and expects it to post a loss of up to £200m. CEO Lewis sees Full Year cost impact of Covid, at upper end of £650m-925m range.
Marston’s posts 1H underlying pretax profit down to £9.4m from £34.2m a year ago. Covid-19 materially impacted the company but there was an improvement in cash flow. Joint venture provides a strong platform to recover, post pandemic. Underlying revenue was £510.5m v £553.1m a year ago. Company says it would be prudent to plan for no dividends for 2020. Uncertain on financial outlook in short term as pubs are set to reopen.
Aston Martin says it will issue new shares worth up to 20% of it existing total equity capital. New owner Yew Tree will pick up 25%. Retail offer not to exceed 19.99%. At 31st May cash was £244m and net debt £883m.
Marstons
Tesco
Victoria Oil & Gas
US - Personal Income
US - Michigan Consumer Sentiment Index
UK 100:
National Grid
Coca-Cola HBC
Homeserve
UK 250:
Airtel Africa
Workspace Group
Murray International Trust
ICG Enterprise Trust
Scottish Investment Trust
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