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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| ROLLS-ROYCE HOLDINGS PLC | 89.8 | 5.2% |
| AIRTEL AFRICA PLC | 156.5 | 4.6% |
| JD SPORTS FASHION PLC | 129.1 | 4.4% |
| RENTOKIL INITIAL PLC | 512.0 | 4.3% |
| BERKELEY GROUP HOLDINGS/THE | 3,949.0 | 4.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| BT GROUP PLC | 175.7 | -7.7% |
| BURBERRY GROUP PLC | 1586.5 | -3.8% |
| UNITED UTILITIES GROUP PLC | 1016.0 | -3.4% |
| SEVERN TRENT PLC | 2775.0 | -2.9% |
| ADMIRAL GROUP PLC | 1882.0 | -2.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,159 | 1.7% | 2.2% |
| DOW JONES INDUS. AVG | 31,288 | 2.2% | -9.8% |
| DAX INDEX | 12,865 | 2.8% | -17.2% |
| NIKKEI 225 | 26,788 | 0.5% | -4.3% |
| S&P/ASX 200 INDEX | 6,606 | -0.7% | -10.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 97.59 | 1.89% |
| Brent Crude (ICE) | USD/bbl. | 101.16 | 2.08% |
| Gold Spot | USD/t oz. | 1,708 | -0.1% |
| Copper (Comex) | USd/lb. | 323 | 0.7% |
Click graph to enlarge
The UK 100 is called to open +48 points this morning at 7207. The UK 100 looks set to make a positive start to the trading week buoyed by the performance of Asia’s main markets and Wall Street’s positive close after hours on Friday. The Dow Jones popped 658.09 points, or 2.15%, to settle at 31,288.26. The S&P jumped 1.92% to 3,863.16, and the Nasdaq bounced 1.79% to 11,452.42. Despite Friday’s rally, all the major averages closed out the week with losses. The Dow slipped close to 0.2% while the S&P and Nasdaq fell 0.9% and nearly 1.6%, respectively. The session’s moves left the S&P 500 roughly 19% off its highs.
Deliveroo report that their H1 gross transaction value +7% YoY to £3.56bn. They have lowered their FY gross transaction value growth to 4-12% from 15-25% as they maintain their adjusted EBITDA margin guidance.
Direct Line Insurance says they are revising their 2022 operating ratio target range to around 96-98% as they estimate that 2022 overall motor claims severity inflation of about 10%. They expect their operating expenses to have reduced to between £690-700m as they target operating expenses in the region of £670m by 2023.
EasyJet & Ryanair cancel flights due to strike at Italian airports.
GlaxoSmithKline completes the demerger of their consumer healthcare arm to for Haleon Group.
Johnson Matthey announce they are to build an £80m plant in Royston, UK to make hydrogen fuel cell components.
WPP buys ecommerce agency Corebiz for an undisclosed sum.
Deutsche Bank Downgrades Fevertree Drinks to Hold from Buy (8 Buys / 10 Holds / 0 Sells)
Jefferies Downgrades Admiral Group to Underperform from Hold (3 Buys / 6 Holds / 2 Sells)
Jefferies Downgrades Direct Line to Hold from Buy (4 Buys / 8 Holds / 0 Sells)
Jefferies Downgrades Fevertree Drinks to Hold from Buy (8 Buys / 10 Holds / 0 Sells)
None
Biffa*
Herald Investment Trust
Hipgnosis Songs Fund*
IntegraFin Holdings
Ultra Electronics Holdings*
FTSE 100:
None
FTSE 250:
Investec
Pennon Group
Micro Focus International
Bellevue Healthcare Trust
Cranswick
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