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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Smith & Nephew | 1,580.5 | 5.0% |
| Burberry Group | 1,646.5 | 3.0% |
| Melrose Industies | 117.0 | 2.6% |
| Associated British Foods | 1,964.5 | 2.6% |
| Compass Group | 655.0 | 2.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Hargreaves Lansdown | 1539.0 | -5.5% |
| ITV | 71.6 | -4.1% |
| Polymetal International | 1560.5 | -3.4% |
| Evraz | 278.8 | -3.3% |
| DS Smith | 318.7 | -2.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,158 | -0.2% | -17.9% |
| DOW JONES INDUS. AVG | 25,735 | -0.3% | -3.7% |
| DAX INDEX | 12,261 | -0.4% | -2.1% |
| NIKKEI 225 | 22,122 | -0.8% | 1.7% |
| S&P/ASX 200 INDEX | 5,934 | 0.6% | -10.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 39.80 | -0.05% |
| Brent Crude (ICE) | USD/bbl. | 42.03 | 1.84% |
| Gold Spot | USD/t oz. | 1,771 | 0.1% |
| Copper (Comex) | USd/lb. | 276 | 0.8% |
Click graph to enlarge
UK 100 called to open +70 points this morning at 6215. As An early trial of an experimental drug from Pfizer and BioNtech showed it was safe, and prompted patients to produce antibodies when treating coronavirus. Coming on the back of a mixed U.S session as investors digested both reports that The U.S. is now recording roughly 40,000 new coronavirus cases a day and the nation’s top infectious disease expert, Dr. Anthony Fauci, warned a Senate committee on Tuesday that daily cases could hit 100,000 if not managed, along with the minutes from the Fed’s June 9-10 meeting, where the rate-setting Federal Open Market Committee agreed to provide clarity in future communications about what would cause the central bank to keep rates close to zero or move them higher. The Dow Jones ended the session 0.3% lower, dropping 77 points, while the Nasdaq closed at a record 10,154.63, having gained 95 points or 0.95% during the session. Oil trades higher this morning, Brent Crude is changing hands for $42.26 a barrel whilst WTI is at $17.1 per barrel, elsewhere gold trades marginally lower at $1768 per ounce.
Associated British Foods has been reassured by trading in reopened Primark stores. Cumulative sales for the seve weeks period to June 20th were 12% lower than last year. Sales in the week ended June 20th, (with over 90% of selling space reopened) were £133m which was ahead of the same week last year.
DS Smith reported a 5% rise in annual profit bolstered by growing demand from e-commerce and consumer goods customers. The packaging company said it was too early to resume dividends in the short-term due to the pandemic. Reported an operating profit of £660m (2019: £631m).
Meggitt has forecast a 15% drop in H1 organic revenue as demand from planemakers dried up due to a virtual halt in air travel due to coronavirus.
Mitchells and Butlers announced that there is uncertainty about when they will re-open their sites as they report a H1 2020 loss before tax £121m (2019: £75m profit). A full property valuation and impairment review was undertaken resulting in an overall decrease of book value of £524m.
Premier Oil announces that the group's creditors have approved the acquisition of the Andrew Area and Shearwater assets (BP acquisitions) under the amended terms. Creditors have also agreed to waive the company's financial covenants throught to 30th September 2020.
Royal Mail and its largest labour union have agreed to start talks to settle a long-running dispute over pay and operational changes.
DS Smith
Meggitt
Associated British Foods
None
US - Non Farm Payrolls
US - Initial Jobless Claims
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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