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Morning Report - 29 September 2020

Monday’s UK 100 Leaders Price (p) % Chg
LAND SECURITIES GROUP PLC 533.5 8.8%
HSBC HOLDINGS PLC 308.1 8.7%
LLOYDS BANKING GROUP PLC 26.7 7.8%
BRITISH LAND CO PLC 346.0 7.5%
NATWEST GROUP PLC 107.0 7.4%
Monday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 149.4 -3.5%
GVC HOLDINGS PLC 978.8 -2.0%
KINGFISHER PLC 291.9 -1.4%
POLYMETAL INTERNATIONAL PLC 1656.0 -1.3%
FLUTTER ENTERTAINMENT PLC 12530.0 -1.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,026 -0.1% -18.2%
DOW JONES INDUS. AVG 27,993 1.2% 2.8%
DAX INDEX 13,194 -0.1% 5.8%
NIKKEI 225 23,559 0.7% 7.1%
S&P/ASX 200 INDEX 5,900 0.7% -11.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 37.40 0.38%
Brent Crude (ICE) USD/bbl. 39.61 -0.55%
Gold Spot USD/t oz. 1,957 0.0%
Copper (Comex) USd/lb. 307 0.0%
UK 100 called to open +30 points this morning at 5942.

2 hours; 4 Months

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Markets Overview:

 

UK 100 called to open +30 points this morning at 5942. Calls for a positive open come as investors yesterday switched from sellers to buyers, Asian markets also traded higher on this morning, building on newfound momentum.  It was once again a positive session in the US on Monday, which saw the Dow Jones gaining 410.10 points, or 1.5%, to close at 27,584.06. The S&P also closed in the green, by 1.6% to 3,351.60. The Nasdaq also popped by 1.9% to 11,117.53.

 

Company News:

AA says deadline for takeover talks has been extended to October 27th 2020. They posted H1 2020 revenue of £478m and a profit before tax of £26m (2019: £42m).

Card Factory posted a H1 2020 pretax loss of £22.2m (2019: £24.3m profit) but said it has had an encouraging start to H2 following the reopening of its stores. They said it was not possible to provide a forecast for the rest of the year as its retail stores could be affected by a new wave of the coronavirus pandemic.

Ferguson reports that their annual profit rises, restores dividend as cost cuts pays off.

Greggs reports its sales have improved in September after a slow August but cautioned the outlook was uncertain with rising COVID-19 infection rates leading to further restrictions on customers. Since reopening its full estate on July 2nd Like-for-like sales averaged 71.2% of 2019 levels.

Reporting Today:

 

Wolseley

Grainger

AA

Card Factory

 

Reporting Wednesday:

 

3i Infastructure

Topps Tiles

Quixant

 

In Focus Today:

 

German Harmonised Index of Consumer Prices

US Consumer Confidence

Japanese Industrial Production

 

This Weeks's Ex Dividends:

 

UK 100:

 

British American Tobacco

Smith & Nephew

 

UK 250:

 

TP ICAP

Hastings Group Holdings

Murray International Trust

RIT Capital Partners

Fisher (James) & Sons

KAZ Minerals

 

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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