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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| BRITISH AMERICAN TOBACCO PLC | 3,124.0 | 3.2% |
| RENTOKIL INITIAL PLC | 488.2 | 3.1% |
| HIKMA PHARMACEUTICALS PLC | 2,353.0 | 3.0% |
| HARGREAVES LANSDOWN PLC | 1,691.0 | 3.0% |
| LONDON STOCK EXCHANGE GROUP | 8,066.0 | 2.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| JUST EAT TAKEAWAY | 7626.0 | -13.1% |
| CARNIVAL PLC | 1354.5 | -9.8% |
| INTL CONSOLIDATED AIRLINE-DI | 288.3 | -7.4% |
| MELROSE INDUSTRIES PLC | 123.8 | -7.3% |
| M&G PLC | 157.8 | -7.2% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,329 | -0.1% | -14.2% |
| DOW JONES INDUS. AVG | 26,990 | -1.0% | 3.6% |
| DAX INDEX | 12,530 | -0.7% | 4.0% |
| NIKKEI 225 | 23,125 | 0.2% | 9.1% |
| S&P/ASX 200 INDEX | 6,148 | 0.1% | -6.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 39.60 | 1.69% |
| Brent Crude (ICE) | USD/bbl. | 41.36 | 0.44% |
| Gold Spot | USD/t oz. | 1,738 | -0.1% |
| Copper (Comex) | USd/lb. | 266 | 2.2% |
Click graph to enlarge
UK 100 called to open -125 points this morning at 6200. Calls for a negative open come as economic projections from the US Federal Reserve gave a reality check to rallying stocks. Last night Wall Street stocks turned negative. The Dow Jones shed 282 points or 1.04% to 26,989 while the S&P 500 dipped 0.5% to close at 3,190. At the same time, the Nasdaq was more robust, rising 0.6% to 10,020, and, the small cap Russell 2000 gave up 2.6% to finish at 1,467. It came as the Fed revealed forecasts seeing a 6.5% contraction in the US economy this year with a recovery coming over a subsequent two year period, with 2021 and 2022 growth pitched at 5% and 3.5% respectively.According to the Fed, the unemployment rate in America will be around 9.3% at the end of this 2020 before reducing to 6.5% in 2021 and 5.5% in 2022 and 4.1% in 2022.
Babcock pulls final dividend on virus uncertainty and has warned that it needed to cut costs in its oil and gas, aviation and civil nuclear business. They reported underlying operating profit of £524m, (11% lower than last year) but sunk to a loss of £165m after writing down the value of its aviation unit and incurring exceptional restructuring charges.
Johnson Matthey are to cut around 2,500 jobs globally over the next 3 years as demand for its pollution filters has taken a hit due to the coronavirus outbreak. They reported a 27% fall in 2020 operating profit and said they were targeting additional annual savings of at least £80m through the jobs cuts.
Just Eat Takeaway.com announce they are to combine with Grubhub to create a leading global online food delivery player.
Ocado plans to raise £1bn giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the coronavirus crisis.
Talktalk posts +9.7% growth in core earnings to £260m, driven by growth in its fibre customer base. They are in a robust financial position, allowing it to maintain its dividend. They have estimated costs of COVID-19 to impact company performance by £15m.
Babcock
Johnson Matthey
OnTheMarket
Allied Minds
Go-Ahead Group
None
US - Initial Jobless Claims
UK 100:
Vodafone
Severn Trent
3i Group
UK 250:
Templeton Emerging Markets IT
BlackRock Smaller Companies Trust
AVI Global Trust
Assura
Personal Assets Trust
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