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Morning Report - 11 July 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
CENTRICA PLC 80.1 3.1%
ASHTEAD GROUP PLC 3,828.0 2.9%
COCA-COLA HBC AG-DI 1,846.5 2.6%
SMURFIT KAPPA GROUP PLC 2,786.0 2.5%
ST JAMES’S PLACE PLC 1,144.0 2.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
STANDARD CHARTERED PLC 579.4 -3.0%
GSK PLC 1754.8 -2.0%
HSBC HOLDINGS PLC 525.8 -1.8%
TAYLOR WIMPEY PLC 113.0 -1.7%
HIKMA PHARMACEUTICALS PLC 1697.0 -1.2%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,196 0.1% 1.0%
DOW JONES INDUS. AVG 31,338 -0.2% -10.1%
DAX INDEX 13,015 1.3% -17.0%
NIKKEI 225 26,517 0.1% -5.1%
S&P/ASX 200 INDEX 6,678 0.5% -8.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 104.79 2.01%
Brent Crude (ICE) USD/bbl. 107.02 2.26%
Gold Spot USD/t oz. 1,742 0.1%
Copper (Comex) USd/lb. 352 -1.4%

 

The UK 100 is called to open -78 points this morning at 7125.  

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -78 points this morning at 7125. UK stocks are seen opening lower on Monday amid growing concerns about a fresh spike of COVID-19 cases in China over the weekend that another lockdown for the country could be on the horizon with their zero-COVID strategy. Friday's US session was mixed with the Dow closing -0.2%, S&P -0.1% and Nasdaq +0.1%. Overnight in Asia the Nikkei +1.2%, Shanghai -1.8% and the Hang Seng -3.1%.

 

Company News & Broker Comments:

 

Company News:

CRH completes their £1.9bn takeover of Barrette Outdoor Living.
 
Dechra Pharmaceuticals says their FY European Pharma revenue +5% and North America +25%. They state that H2 growth is at normal levels as the pandemic unwinds.
 
Domino's Pizza names Just Eat's Edward Jamieson as CFO effective from October.
Galliford Try acquires MCS Control Systems for a nominal sum and will fund the liabilities.
Wizz Air expects to make a material profit in Q2.

Broker Comments:

 No New broker comments

 

Reporting Today:

 

MJ Gleeson plc

 

 

 

Reporting Tuesday:

 

PurpleBricks Group plc

 

 

In Focus Today:

 

Eurogroup Meeting

 

US Monthly Budget Statement

 

UK BRC Like-For-Like Retail Sales

 

This Week's Ex-Dividends:

 

FTSE 100:

Halma

 

FTSE 250:

Ninety One

 

CMC Markets

 

Telecom Plus

 

Firstgroup

 

Oxford Instruments

 

Balanced Commercial Property Trust

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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.


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