This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| RECKITT BENCKISER GROUP PLC | 5,606.0 | 2.9% |
| SCHRODERS PLC | 3,196.0 | 2.4% |
| AVIVA PLC | 446.5 | 2.0% |
| EXPERIAN PLC | 3,022.0 | 1.9% |
| SCOTTISH MORTGAGE INV TR PLC | 1,008.5 | 1.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| ROLLS-ROYCE HOLDINGS PLC | 98.4 | -10.7% |
| BARCLAYS PLC | 160.5 | -4.1% |
| BAE SYSTEMS PLC | 731.6 | -3.1% |
| BP PLC | 380.9 | -2.8% |
| SHELL PLC | 2061.5 | -2.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,473 | -0.1% | 10.9% |
| DOW JONES INDUS. AVG | 34,956 | 0.3% | 5.7% |
| DAX INDEX | 14,417 | 0.8% | -2.3% |
| NIKKEI 225 | 27,944 | -0.7% | -4.9% |
| S&P/ASX 200 INDEX | 7,412 | 0.1% | 9.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 103.43 | -9.19% |
| Brent Crude (ICE) | USD/bbl. | 109.70 | -9.08% |
| Gold Spot | USD/t oz. | 1,923 | -1.8% |
| Copper (Comex) | USd/lb. | 472 | 0.5% |
Click graph to enlarge
The UK 100 is called to open +40 points at 7513. The UK 100 is set to start on the front foot on Tuesday after a late stumble in yesterday's session as oil prices retreated amid continuing Ukraine peace talks and rolling lockdowns in China. Yesterday on Wall Street's tech stocks led the markets higher as bond yields softened, with the Nasdaq rising 1.3%, the S&P up 0.7% and the Dow Jones nudged 0.2% higher. Asian markets rose on Tuesday after oil prices slumped more than 8% overnight on demand concerns arising from COVID-19 lockdowns in Shanghai. Japan’s Nikkei 225 surged 0.92% and South Korea’s Kospi gained 0.33%. The Shanghai Composite in China advanced 0.09% while Hong Kong’s Hang Seng index rose 0.84%.
AstraZeneca wins approval in Japan for reversal agent Ondexxya.
Bellway reports a FY pretax profit of £307.6m (+9.8% YoY), as they take £19.6m in net legacy safety expense, down from £20.3m YoY. They have confirmed an interim dividend of 45p (+29% YoY) as their order book stands at 7,491 (2021: 6,028). They state they're on track for an annual output of 12,000 homes in FY23.
Croda says trading in the first three months has been robust as they're continuing to successfully recover input cost inflation.
IQE expects revenue growth in low single digit % in 2022.
Mulberry expects their FY22 revenue to be moderately ahead of current expectations.
Rio Tinto completes the acquisition of Rincon Lithium project in Argentina for $825m.
SSE expects their adjusted EPS to be between 92-97p by March 31st as weather conditions have meant a shortfall in output of around 19% below plan. They expect to propose a dividend of 81p per share for FY.
Barclays Downgrades Direct Line to Equal Weight from Overweight (9 Buys / 3 Holds / 0 Sells)
Barclays Upgrades Admiral Group to Overweight from Equal Weight (2 Buys / 6 Holds / 3 Sells)
Deutsche Bank Downgrades Royal Mail to Sell from Buy (9 Buys / 0 Holds / 1 Sell)
JP Morgan Downgrades Barclays to Neutral from Overweight (10 Buys / 8 Holds / 0 Sells)
JP Morgan Upgrades Virgin Money to Neutral from Underweight (13 Buys / 5 Holds / 1 Sell)
Bellway
SSE
Pershing Square - Estimated date not confirmed
German Gfk Consumer Confidence Survey
Fed's Williams speech
US Housing Price Index
Japanese Retail Trade
FTSE 100:
Phoenix Group Holdings
Taylor Wimpey
Smith & Nephew
InterContinental Hotels Group
FTSE 250:
Hammerson
Moneysupermarket.com Group
Travis Perkins
ContourGlobal
ConvaTec Group
Fidelity European Trust
Mercantile Investment Trust
Primary Health Properties
Finsbury Growth & Income Trust
Games Workshop Group
RIT Capital Partners
Hammerson
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.