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Morning Report - 20 April 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
SMITH & NEPHEW PLC 1,234.0 3.3%
ROYAL MAIL PLC 338.5 2.9%
FERGUSON PLC 10,250.0 2.3%
ROLLS-ROYCE HOLDINGS PLC 95.5 2.2%
SMURFIT KAPPA GROUP PLC 3,204.0 2.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
INTERMEDIATE CAPITAL GROUP 1614.5 -4.6%
ITV PLC 74.2 -3.6%
INFORMA PLC 597.4 -3.4%
JD SPORTS FASHION PLC 143.1 -3.0%
RENTOKIL INITIAL PLC 514.0 -2.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,601 -0.2% 8.9%
DOW JONES INDUS. AVG 34,911 1.5% 2.5%
DAX INDEX 14,153 -0.1% -7.2%
NIKKEI 225 26,985 0.7% -7.3%
S&P/ASX 200 INDEX 7,565 0.6% 7.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 102.63 -5.16%
Brent Crude (ICE) USD/bbl. 107.41 -5.08%
Gold Spot USD/t oz. 1,950 0.0%
Copper (Comex) USd/lb. 472 -2.1%

 

The UK 100 is called to open +20 points at 7621.   

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +20 points at 7621.   The UK 100 looks set to make a modestly positive start to todays session, the 10 point expected gain is however somewhat muted by comparison to yesterdays US session, which saw the Dow Jones finish almost 500 points higher, while both the broader-based S&P and Nasdaq also ended firmly in positive territory.  Asia’s main markets this morning largely mirrored the positivity in the US, though there was some disappointment when China left five-year prime rates unchanged.

Company News & Broker Comments:

 

Company News:

Bunzl sees group operating margin in 2022 to be slightly higher than historical levels. They see base business benefits from inflation, but COVID-19 related sales fall.
Centamin posts quarterly revenue of $174.6m and gold production of 93,109 ounces for the quarter ending March 31st. They remain on track for 2022 guidance.
Hikma Pharmaceuticals gets preliminary approval from FTC for Custopharm acquisition.
John Wood updates that their CEO Robin Watson is to retire. They report that their FY21 revenue declined 14% on a like-for-like basis, with a FY21 pretax loss of $80.6m (2020: $148.6m loss).  They do not recommend dividends for FY21, but will continue to review.
 
Just Eat Takeaway.com have lowered their 2022 order value guidance.
 
Rio Tinto reported a "challenging" quarter from its key Pilbara iron ore operations, though they left annual guidance unchanged. Total iron ore shipments fell 8% annually to 71.5m tonnes, as Quarter-on-Quarter shipments fell 15%.
SSE acquires European onshore wind platform from Siemens Gamesa for 580m euros.

Broker Comments:

No new broker comments

 

Reporting Today:

 

Bunzl

 

Centamin

 

IntegraFin Holdings

 

Oxford BioMedica

 

Petershill Partners

 

Quilter

 

Wood Group (John)

 

Reporting Tomorrow:

AJ Bell

 

Anglo American

 

Man Group

 

RELX

 

Rentokil

 

 

In Focus Today:

IMF Meeting

 

PBoC Interest Rate Decision

 

German Producer Price Index

 

EU Industrial Production

 

Fed's Beige Book

 

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

Antofagasta

 

Legal & General Group

 

BAE Systems

 

Glencore

 

Spirax-Sarco Engineering

 

FTSE 250:

Jupiter Fund Management

 

Provident Financial

 

Rathbones Group

 

Bodycote

 

Genuit Group

 

Essentra

 

Bridgepoint Group

 

Just Group

 

Weir Group

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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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