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Morning Report - 5 September 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
ABRDN PLC 152.4 7.6%
SMITH & NEPHEW PLC 1,078.0 6.1%
PRUDENTIAL PLC 932.6 5.8%
SEGRO PLC 938.0 5.2%
ROLLS-ROYCE HOLDINGS PLC 75.0 5.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
BERKELEY GROUP HOLDINGS/THE 3487.0 -2.8%
PERSIMMON PLC 1435.5 -2.4%
BARRATT DEVELOPMENTS PLC 407.5 -1.9%
NATIONAL GRID PLC 1070.0 -0.5%
HALEON PLC 248.7 -0.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,278 1.8% 0.2%
DOW JONES INDUS. AVG 31,959 1.0% -9.8%
DAX INDEX 13,017 3.1% -19.3%
NIKKEI 225 27,651 0.0% -5.1%
S&P/ASX 200 INDEX 6,829 -0.3% -8.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 88.30 1.95%
Brent Crude (ICE) USD/bbl. 94.27 2.07%
Gold Spot USD/t oz. 1,716 1.1%
Copper (Comex) USd/lb. 345 1.1%
The UK 100 is called to open -60 points this morning at 7221.  

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -60 points this morning at 7221.  The UK 100 looks set to fall on the open this morning following the sharp falls in the US on Friday and news that Russia is suspending gas deliveries via the Nord Stream 1 pipeline indefinitely.  On Friday, the Dow closed down 338 points, 1.1%, at 31,319, the Nasdaq lost 154 points, 1.3%, to 11,631 and the S&P slipped 42 points, 1.1%, to 3,924.  In London, the confirmation of a new Prime Minister will take centre stage with Liz Truss expected to be confirmed as Boris Johnson’s replacement

 

Company News & Broker Comments:

 

Company News:

 

Aston Martin confirms its plan for £575.8m 4-for-1 rights issue. Half of the new cash will be used to repay debt and the rest will be used to maintain liquidity cushion. The new shares will be issued at 103p, representing a 79% discount to Friday's close.

 

 

AstraZeneca's drug Forxiga has been approved in China for chronic kidney disease treatment. Imfinzi has also been approved for billary tract cancer in the USA.

 

 

Dechra Pharmaceuticals reports that their FY revenue increased 13% to £681.8m as their FY pretax profit nudged higher to £77.6m. They have increased their FY dividend per share by 11% to 44.89p.

 

 

Countryside & Vistry are nearing a deal to form a $3.2bn residential developer.

Broker Comments:

 No new broker comments

Reporting Today:

Dechra Pharmaceuticals

 

Reporting Tuesday:

Ashtead Group

 

Capricorn Energy

 

NCC Group

 

In Focus Today:

Chinese Caixin Services PMI

 

German S&P Global/BME Composite PMI

 

EU S&P Global Composite PMI

 

UK S&P Global/CIPS Composite PMI

 

EU Retail Sales

 

BoE's Mann speech

 

UK BRC Like-For-Like Retail Sales

 

Japanese Overall Household Spending

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 8th September 2022:

 

Croda International

 

CRH

 

UK 250 companies going  ex-dividend on 8th September 2022:

 

BBGI Global Infrastructure S.A.

 

Harbour Energy

 

CLS Holdings

 

Grafton Group

 

Assura

 

Temple Bar Investment Trust

 

Derwent London

 

XP Power

 

Baltic Classifieds Group

 

Greggs

 

Serco Group

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