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 |
| INFORMA PLC | 600.0 | 6.4% |
| EVRAZ PLC | 246.8 | 6.2% |
| MELROSE INDUSTRIES PLC | 176.4 | 6.0% |
| AVEVA GROUP PLC | 3,704.0 | 4.9% |
| HARGREAVES LANSDOWN PLC | 1,336.0 | 4.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| SSE PLC | 1404.0 | -4.8% |
| NATIONAL GRID PLC | 933.2 | -4.5% |
| MEGGITT PLC | 463.5 | -4.2% |
| CENTRICA PLC | 55.2 | -4.0% |
| IMPERIAL BRANDS PLC | 1496.2 | -3.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 5,960 | -0.1% | -16.4% |
| DOW JONES INDUS. AVG | 25,018 | 4.9% | -2.5% |
| DAX INDEX | 10,475 | -1.4% | -9.3% |
| NIKKEI 225 | 19,416 | -2.3% | -8.1% |
| S&P/ASX 200 INDEX | 5,726 | -3.6% | -7.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 33.80 | -1.63% |
| Brent Crude (ICE) | USD/bbl. | 36.83 | -1.05% |
| Gold Spot | USD/t oz. | 1,664 | 0.9% |
| Copper (Comex) | USd/lb. | 252 | -0.2% |
Click graph to enlarge
UK 100 called to open +24 points at 6003.9. US futures and Asian stocks declined last night as investors await details from the Trump administration on planned stimulus measures to counter the coronavirus threat. Trump has promised a "major" economic package. The strong rebound across global markets was short lived with most major markets up yesterday. Also in a surprise move this morning, the UK followed the Fed's lead and cut interest rates from 0.75% to 0.25% to shore up the economy in the wake of the coronoavirus. The BoE said it would also free up billions of pounds of extra lending power to help banks support firms. Oil held gains to finish up 1% to $34.68, whilst gold pushed up 0.8% at $1662.3 an ounce.
Balfour Beatty announces FY underlying profit rises +8% to £221m (2018: £205m) and a +33% increase in FY dividends to 6.4p (2018: 4.8p). It is too early to fully assess any impact of Covid-19 outbreak on operational and financial performance of group.
Galliford Try announces that it has been given a contract to build a new women’s national facility in Stirling worth £54m.
G4S slumps to annual loss after £291m charge chiefly related to its UK cash business. They have also cut back operations in high risk areas to mitigate the spread of coronavirus but added that the impact so far has been ‘immaterial’.
Prudential
Balfour Beatty
G4S
Trainline
Cineworld
Go-Ahead Group
Just Group
Galliford Try
Tullow Oil
Savills
Bodycote
UK - Industrial Production
UK - Gross Domestic Product
US - Consumer Price Index
UK 100 :
Land securities
Anglo American
CRH
:
Jupiter Fund Management
GVC holdings
Assura
Spirent Communications Upgraded to Buy by Numis Securities (Bloomberg: 3 Buys / 4 Holds / 3 Sells)
Glencore Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 18 Buys / 6 Holds / 1 Sell)
Capita Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 5 Buys / 6 Holds / 2 Sells)
Intercontinental Hotels Group Upgraded to Sector Perform by RBC Capital Markets (Bloomberg: 6 Buys / 7 Holds / 9 Sells)
Direct Line Upgraded to Hold by Morningstar (Bloomberg: 13 Buys / 7 Holds / 0 Sells)
GSK Upgraded to Buy by Morningstar (Bloomberg: 13 Buys / 15 Holds / 3 Sells)
Diageo Upgraded to Buy by Morningstar (Bloomberg: 13 Buys / 12 Holds / 2 Sells)
Prudential Upgraded to Buy by Morningstar (Bloomberg: 16 Buys / 5 Holds / 1 Sell)
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.