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Morning Report - 8 September 2020

Monday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES 122.3 5.8%
SCOTTISH MORTGAGE INVESTMENT TRUST 895.5 5.5%
ASHTEAD GROUP 2,693 5.15%
M&G 165.4 5.1%
EXPERIAN 2,799 4.8%

 

Monday’s UK 100 Laggards Price (p) % Chg
INTERNATIONAL CONSOLIDATED AIRLINES GROUP 209.2 -4.65%
EASYJET 631 -2.36%
CARNIVAL 2503.0 -1.59%
NATWEST GROUP 114.9 -1.07%
BRITISH LAND 607.0 -0.28%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,937 2.4% -18.5%
DOW JONES INDUS. AVG 28,133 -0.6% 5.0%
DAX INDEX 13,100 2.0% 7.5%
NIKKEI 225 23,090 -0.5% 8.9%
S&P/ASX 200 INDEX 5,945 0.3% -10.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 39.07 -1.76%
Brent Crude (ICE) USD/bbl. 42.01 -1.52%
Gold Spot USD/t oz. 1,930 -0.2%
Copper (Comex) USd/lb. 307 0.3%
UK 100 called to open +25 points this morning at 5961. 

1 day; 6 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +25 points this morning at 5961.  Calls for a positive open this morning come as Brexit talks restart.  Yesterday saw a bounce from Fridays fall in the FTSE, adding over 100 points during the session to settle once more over 5900 at the close, with US Markets closed on Monday for labour day, focus will be on whether there is a continuation of Fridays afternoons bounce when markets recommence trading today at two thirty.

 

Company News:

Ashtead reported a 35% slump in Q1 profit as the construction sector came under severe stress in the wake of the COVID-19 outbreak. Underlying profit fell to £208m (2019: £319m profit).

Easyjet have have downgraded forward guidance and their expected travel demand in Q4 2020, after seven Greek islands were removed from the exemption list. They expect to fly significantly less than the 40% of planned capacity, which is a result of continued schedule thinning as they continue to focus on profitable flying.

Fevertree reports strong off-trade performance and diversified revenues with EBITDA down 35% y-o-y to £23.8m. Dividend was increased y-o-y by 4% to 5.41p per share.

Halfords sees bicycle sales surge 59.1% during the coronavirus crisis as people continued to shy away from public transport. Like-for-like sales rose 5% with strong performance in cycling partially offset by a 28.6% fall in motoring products sales, with car journeys limited by the crisis.

JD Sports reinstated its annual guidance saying it was encouraged by its performance since stores reopened, as H1 2020 profit fell 68% to £41.5m.

Meggitt reports that H1 underlying operating profit fell 37% to £102m.

Travis Perkins posts HY 2020 adjusted operating profit of £42m and says that the demerger of Wickes is paused until markets become more stable and predictable.

Reporting Today:

 

International Personal Finance

BBA Aviation

Meggitt

Genus

Cairn Energy

Halfords Group

Travis Perkins

Ashtead Group

JD Sports Fashion

McBride

Fevertree Drinks

Gamma Communications

Midwich Limited

 

Reporting Wednesday:

 

Tullow Oil

Computercenter PLC

EMIS Group

Sanne Group

 

In Focus Today:

 

Eurozone GDP

UK Inflation Report Hearing

German Trade Balance

 

This Week's Ex Dividends:

 

UK 100:

 

Avast

 

UK 250:

 

BBGI SICAV S.A.

Spectris

Gamesys Group

Derwent London

XP Power

 

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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