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Morning Report - 12 July 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
CENTRICA PLC 82.8 3.4%
SSE PLC 1,746.0 3.1%
SEVERN TRENT PLC 2,797.0 2.2%
UNITED UTILITIES GROUP PLC 1,033.5 2.0%
COMPASS GROUP PLC 1,789.0 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 103.7 -5.9%
FLUTTER ENTERTAINMENT PLC-DI 7752.0 -4.6%
ANTOFAGASTA PLC 1067.0 -4.1%
OCADO GROUP PLC 835.6 -3.6%
ANGLO AMERICAN PLC 2724.5 -3.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,197 0.0% 1.1%
DOW JONES INDUS. AVG 31,329 0.0% -10.2%
DAX INDEX 12,832 -1.4% -18.2%
NIKKEI 225 26,812 1.1% -6.2%
S&P/ASX 200 INDEX 6,602 -1.1% -10.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 103.99 -0.76%
Brent Crude (ICE) USD/bbl. 106.82 -0.19%
Gold Spot USD/t oz. 1,734 -0.5%
Copper (Comex) USd/lb. 344 -2.2%
The UK 100 is called to open -33 points this morning at 7156.  

1 Day; 2 Years

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Markets Overview:

 

The UK 100 is called to open -33 points this morning at 7156. Stock prices are seen opening lower on Tuesday as fears of a possible recession in leading economies and worries about a fresh COVID flare-up in China continue, while the euro slipped closer to parity against the dollar overnight. The US ended lower on Monday with the Dow -0.5%, S&P -1.2% & Nasdaq -2.3%. In Asia the Nikkei -1.9%, Shanghai -0.8% & Hang Seng -1.4%.

 

Company News & Broker Comments:

 

Company News:

Anglo American achieves its first copper production from their Quellaveco project in Peru.
 
Balfour Beatty sells their stake in Aspire for $62.4m, generating a profit of $47.2m on disposal.
 
Grafton updates that there is no change to their FY operating profit expectations.
 
Marshalls confirms its FY expectations are in line with market expectations.
Plus500 expects their FY22 revenue and EBITDA to be ahead of current market expectations, boosted by substantial progress in fast-growing US futures market.
Restaurant Group buys Barburrito Group for £7m.
Softcat are to appoint CFO Graham Charlton as CEO with effect from August 1st 2023.

Broker Comments:

Goldman Sachs Downgrades Great Portland to Neutral from Buy (6 Buys / 7 Holds / 0 Sells)
 
RBC Downgrades British Land to Underperform from Sector Perform (6 Buys / 6 Holds / 0 Sells)
 
RBC Downgrades Hammerson to Underperform from Sector Perform (2 Buys / 7 Holds / 3 Sells)
RBC Downgrades Land Securities to Sector Perform from Outperform (5 Buys / 7 Holds / 0 Sells)

 

Reporting Today:

 

PurpleBricks Group plc

 

 

 

Reporting Wednesday:

 

PageGroup plc

 

 

In Focus Today:

 

EcoFin Meeting

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Current Situation

 

German ZEW Survey – Economic Sentiment

 

BoE's Governor Bailey speech

 

This Week's Ex-Dividends:

 

FTSE 100:

Halma

 

FTSE 250:

Ninety One

 

CMC Markets

 

Telecom Plus

 

Firstgroup

 

Oxford Instruments

 

Balanced Commercial Property Trust

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.


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