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Morning Report - 19 July 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
ANTOFAGASTA PLC 1,037.0 4.5%
M&G PLC 205.0 4.4%
BURBERRY GROUP PLC 1,643.5 3.6%
HARBOUR ENERGY PLC 338.3 3.5%
ANGLO AMERICAN PLC 2,637.5 3.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
ADMIRAL GROUP PLC 1738.0 -7.7%
AVIVA PLC 390.8 -1.5%
SEGRO PLC 1015.5 -1.3%
HIKMA PHARMACEUTICALS PLC 1678.0 -1.2%
UNILEVER PLC 3865.0 -1.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,223 0.9% 3.1%
DOW JONES INDUS. AVG 31,073 -0.7% -10.4%
DAX INDEX 12,960 0.7% -16.6%
NIKKEI 225 26,788 0.5% -4.3%
S&P/ASX 200 INDEX 6,687 1.2% -8.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 102.34 4.87%
Brent Crude (ICE) USD/bbl. 105.79 4.58%
Gold Spot USD/t oz. 1,708 0.0%
Copper (Comex) USd/lb. 331 2.3%
The UK 100 is called to open -30 points this morning at 7188. 

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -30 points this morning at 7188.   The UK 100 looks set to open slightly lower this morning following a late pull back on Wall Street yesterday, following a Bloomberg report that said Apple plans to slow hiring and spending on growth next year to deal with a possible downturn. Shares of Apple declined nearly 2.1%.  On Wall Street, the Dow Jones lost 215 points or 0.69% to close Monday at 31,072.  The S&P at the same time slipped 0.84% lower to 3,830 and the Nasdaq fell 0.81% to finish the day at 11,360.  America’s small-cap Russell 2000 index meanwhile fared better, losing a mere 0.34% to 1,738.  In Asia, Japan’s Nikkei rallied 183 points or 0.68% to 26,969 whilst Hong Kong’s Hang Seng moved the other way, down 0.91% to 20,656, and the Shanghai Composite dipped 0.35% lower to 3,266.


 

Company News & Broker Comments:

 

Company News:

AstraZeneca's Enhertu has been approved in the EU for some forms of breast cancer.

 

 

Babcock sells some of their aerial emergency services businesses in Italy, Spain, Portugal, Norway, Sweden & Finland for 136.2m euros.

 

 

BHP's annual production declines on weather and labour issues. Copper production fell 4.3% to 1.57m tonnes as a result of higher-than-expected concentrator feed grade decline at the Escondida mine in Chile, as well as a reduced workforce due to COVID-19.

 

 

Biffa secures a 10-year logistics contract for Deposit Return Scheme in Scotland.

 

 

Darktrace expects their FY23 adjusted EBITDA margin to be between 15-18%.

 

 

Informa backs their FY outlook at top-end of guidance range.

Broker Comments:

Barclays Downgrades Fevertree Drinks to Equal Weight from Overweight (6 Buys / 11 holds / 0 Sells)

 

 

Berenberg Upgrades Deliveroo to Buy from Hold (8 Buys / 6 Holds / 0 Sells)

 

Reporting Today:

 

Biffa*

 

Herald Investment Trust

 

Hipgnosis Songs Fund*

 

IntegraFin Holdings

 

Ultra Electronics Holdings*

 

 

 

Reporting Wednesday:

 

Alliance Trust

 

Centamin

 

Premier Foods

 

Royal Mail

 

 

In Focus Today:

UK Claimant Count Change

 

UK ILO Unemployment Rate

 

ECB Bank Lending Survey

 

EU HICP

 

EU HICP-X F,E,A,T

 

EU HICP-X F,E,A,T

 

US Building Permits

 

US Housing Starts

 

 

This Week's Ex-Dividends:

 

FTSE 100:

None

 

FTSE 250:

Investec

 

Pennon Group

 

Micro Focus International

 

Bellevue Healthcare Trust

 

Cranswick

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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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