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Morning Report - 30 August 2022

Friday’s UK 100 Leaders Price (p) % Chg
HALEON PLC 266.3 1.0%
PERSIMMON PLC 1,497.5 0.8%
AVEVA GROUP PLC 2,790.0 0.8%
MEGGITT PLC 798.0 0.8%
CENTRICA PLC 82.0 0.6%

 

Friday’s UK 100 Laggards Price (p) % Chg
INTERCONTINENTAL HOTELS GROU 4750.0 -4.4%
OCADO GROUP PLC 731.2 -4.3%
JD SPORTS FASHION PLC 109.7 -3.7%
RELX PLC 2303.0 -3.4%
EXPERIAN PLC 2683.0 -3.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,427 -0.7% 3.9%
DOW JONES INDUS. AVG 32,099 -0.6% -9.3%
DAX INDEX 12,893 -0.6% -18.7%
NIKKEI 225 28,196 1.1% 1.5%
S&P/ASX 200 INDEX 6,998 0.5% -6.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 96.84 -0.18%
Brent Crude (ICE) USD/bbl. 104.45 -0.61%
Gold Spot USD/t oz. 1,734 -0.2%
Copper (Comex) USd/lb. 359 -0.7%
The UK 100 is called to open -17 points this morning at 7410

1 hour; 30 Days

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -17 points this morning at 7410.  The UK 100 looks set to fall once again this morning after the bank holiday weekend, reflecting hefty falls in the US in the past two sessions following Federal Reserve chairman, Jerome Powell’s comments on Friday.  The Dow closed Monday down 184 points, 0.6%, at 32,099, the Nasdaq Composite slid 124 points, 1%, to 12,018 and the S&P 500 fell 27 points, 0.7%, to 4,031.  The benchmarks struggled again on Monday after a massive selloff on Friday, driven by fears that the Federal Reserve will continue to aggressively raise interest rates.

 

 

Company News & Broker Comments:

 

Company News:

 

Biffa extends their ECP deadline for firm takeover offer intention to September 27th .

 

 

BT & Openreach staff are staging fresh strikes over pay.

 

 

Bunzl reports that their pretax profit has risen to £296.6m (2021: £275.7m) as they increased their dividend by 4.6% to 66.2p. Their performance was enabled by flexibility of their global supply chains as they expect to maintain track record of value creation. Bunzl upgraded their 2022 margin guidance compared to pre-close statement as they expect their operating margin in 2022 to be higher than historical levels.

 

 

Dechra Pharmaceuticals buys Med-Pharmex for $260m on debt-free, cash-free basis.

 

 

Old mutual reports that their H1 pretax profit fell sharply to ZAR 5.12bn from ZAR 7.09bn.

Broker Comments:

No new broker comments

Reporting Today:

None

 

Reporting Tuesday:

Bunzl

 

In Focus Today:

Chinese NBS Manufacturing PMI

 

Chinese Non-Manufacturing PMI

 

German Unemployment Change

 

EU HICP

 

EU HICP-X F,E,A,T

 

US ADP Employment Change

 

Canadian Gross Domestic Product Annualized

 

US Chicago Purchasing Managers' Index

 

This Week's Ex-Dividends:

 

UK 100 companies paying dividends on 30th August 2022:

 

Natwest Group (Special Consolidation 13 for 14)

 

UK 100 companies paying dividends on 1st September 2022:

 

Admiral Group

 

Glencore

 

Endeavour Mining

 

InterContinental Hotels Group

 

Antofagasta

 

UK 250 companies paying dividends on 1st September 2022

 

PageGroup

 

Redde Northgate

 

Apax Global Alpha

 

Diversified Energy Company

 

Centamin

 

Rathbones Group

 

JLEN Environmental Assets Group

 

SDCL Energy Efficiency Income Trust

 

Quilter

 

Genuit Group

 

LondonMetric Property

 

Clarkson

 

BlackRock World Mining Trust

 

Savills

 

Alliance Trust

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