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Morning Report - 29 April 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
STANDARD CHARTERED PLC 547.6 14.2%
AVEVA GROUP PLC 2,054.0 6.8%
WHITBREAD PLC 2,875.0 4.3%
AIRTEL AFRICA PLC 149.1 4.1%
ELECTROCOMPONENTS PLC 1,041.0 3.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
SAINSBURY (J) PLC 228.7 -4.3%
FRESNILLO PLC 765.0 -3.6%
ST JAMES’S PLACE PLC 1278.5 -2.8%
OCADO GROUP PLC 911.0 -2.0%
PERSHING SQUARE HOLDINGS LTD 2755.0 -1.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,509 1.1% 7.9%
DOW JONES INDUS. AVG 33,916 1.9% -0.4%
DAX INDEX 13,980 1.4% -8.6%
NIKKEI 225 26,848 1.8% -7.6%
S&P/ASX 200 INDEX 7,435 1.1% 5.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 105.82 0.44%
Brent Crude (ICE) USD/bbl. 108.60 0.94%
Gold Spot USD/t oz. 1,912 0.9%
Copper (Comex) USd/lb. 449 1.3%
The UK 100 is called to open +69 points at 7574.

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +69 points at 7574.  The UK 100 looks set this morning to continue yesterday's rally, this follows on from a stellar session on Wall Street on Thursday, the Dow Jones leapt 614 points to close at 33,916 while the S&P advanced 104 points to 4,287.50. US futures however are lower after troubling updates from Amazon and Apple.  In Asia today, the Japanese market is on holiday. In Hong Kong, the Hang Seng is 410 points to the good at 20,686.

Company News & Broker Comments:

 

Company News:

AstraZeneca topped analysts' expectations for Q1 profit and stood by its forecasts for 2022, as newer therapies for cancer, kidney disease and rare conditions made up for a decline in COVID-19 vaccine sales.

 

 

Hikma Pharmaceuticals sees FY core operating margin to be in the range of 36-37%.

 

 

NatWest Group reported an increase in Q1 profits, as rising interest rates and higher income boosted the lender's performance. They reported pretax profits of £1.2bn, up from £885m in the previous year. The profit was well ahead of the £755m average of analyst forecasts compiled by the bank.

 

 

Pearson backs their adjusted operating profit guidance as they report underlying sales growth of 7% in Q1. They have bought online platform Mondly to enhance their position in English language learning.

 

 

Reckitt Benckiser beat Q1 sales expectations, having increased prices to offset soaring raw material costs and flat volumes. Like-for-like sales rose 5.6%, ahead of the 1.5% growth analysts had expected.

 

 

Travis Perkins sees more uncertain outlook for building materials inflation. They state that overall cost inflation for the group was expected to remain manageable as they reported total sales in Q1 +13.6% ahead of the prior year.

Broker Comments:

 

No new broker comments

 

Reporting Today:

 

AstraZeneca

 

Computacenter

 

Natwest Group

 

Reckitt Benckiser

 

Rotork

 

Smurfit Kappa Group

 

Travis Perkins

 

Reporting Tuesday:

BP

 

 

In Focus Today:

Chinese Caixin Manufacturing PMI

 

German Gross Domestic Product

 

EU Gross Domestic Product s.a

 

EU HICP

 

EU HICP-X F,E,A,T

 

US Core Personal Consumption Expenditures - Price Index

 

US Personal Income

 

US Personal Spending

 

Chicago Purchasing Managers' Index

 

Michigan Consumer Sentiment Index

 

 

Next Week's Ex-Dividends:

 

FTSE 100:

Admiral Group

 

Croda International

 

FTSE 250:

Hiscox

 

Hochschild Mining

 

GCP Infrastructure Investments

 

Edinburgh Investment Trust

 

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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