This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| SSE PLC | 1,771.5 | 5.0% |
| CENTRICA PLC | 84.5 | 3.2% |
| HARGREAVES LANSDOWN PLC | 855.0 | 2.4% |
| FRESNILLO PLC | 699.2 | 2.2% |
| FLUTTER ENTERTAINMENT PLC-DI | 10,260.0 | 1.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| ASSOCIATED BRITISH FOODS PLC | 1450.0 | -3.9% |
| STANDARD CHARTERED PLC | 579.0 | -3.9% |
| GLENCORE PLC | 470.8 | -3.3% |
| NEXT PLC | 6038.0 | -2.4% |
| BP PLC | 442.4 | -2.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,247 | -0.7% | 1.4% |
| DOW JONES INDUS. AVG | 31,417 | 0.9% | -10.5% |
| DAX INDEX | 12,888 | 0.1% | -19.3% |
| NIKKEI 225 | 27,430 | -0.7% | -9.1% |
| S&P/ASX 200 INDEX | 6,729 | -1.4% | -10.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 83.80 | -3.55% |
| Brent Crude (ICE) | USD/bbl. | 89.86 | -3.20% |
| Gold Spot | USD/t oz. | 1,710 | 0.5% |
| Copper (Comex) | USd/lb. | 344 | -0.5% |
Click graph to enlarge
The UK 100 is called to open +25 points this morning at 7262. The UK 100 looks set to make cautious early progress this morning, ahead of the European Central Bank interest rate decision today with commentators divided as to whether it will increase rates by 50bps or 75bps. US markets closed sharply higher on Wednesday as oil prices fell cooling concerns about continued high inflation. At the close the Dow Jones was up 1.40% or by 436.35 points at 31,581.65, the S&P was up 1.83% or 71.69 points at 3,979.87 while the Nasdaq was up 2.14%, or 246.99 points at 11,791.90.
Associated British Foods issued an update prior to entering the close period for its full year results. Group outlook for this financial year unchanged: significant increase in adjusted operating profit and adjusted earnings per share, with total sales expected to be some £7.7bn, 40% ahead of reported sales last year at constant currency
Darktrace this morning said that further to the announcement made earlier today by Thoma Bravo that they does not intend to make an offer for the Company, the Board of Darktrace confirms that discussions with Thoma Bravo have terminated.
Darktrade year end results showed they had delivered a 45.7% year-over-year revenue growth, 32.1% year-over-year growth in customer base and confirmed expectations for FY 2023.
Funding Circle today said their H1 2022 performance is ahead of expectations, driven by investment AEBITDA. However have included a £15 million reduction to income outlook; now expected to be in the range of £140 million - £155 million.
Restaurant Group said made good progress in the past six months, delivering a robust financial performance in a challenging market, with continued LFL sales outperformance
Spire healthcare delivered results this morning, they said revenue is up 7.1% vs H1 21 (up 21.6% vs H1 19), driven by strong demand for private treatment, they did however see a loss after taxation of £0.6m (H1 21: loss of £16.9m; H1 19: profit of £7.1m)
Visty this morning said they had delivered an excellent performance in the first half, significantly exceeding our expectations at the start of the year. Revenues were up 33.7% in the period resulting in an improved H1 adjusted operating margin of 10.2% (H1 21: 9.1%) whilst retaining a return on capital employed in excess of 40% group adjusted profit before tax4 increased by 14.3% to £189.9m (H1 21: £166.1m) and on a reported basis5 was £111.3m (H1 21: £156.2m)
Darktrace
Dunelm Group
Genus
Melrose Industries
Safestore Holdings
Spire Healthcare Group
Vistry Group
Computercenter
ECB Monetary Policy Decision Statement
ECB rate on deposit facility
ECB rate on main refinancing operations
US Initial Jobless Claims
ECB Press Conference
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
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.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.