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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| ROYAL BANK OF SCOTLAND GROUP | 221.6 | 4.0% |
| LLOYDS BANKING GROUP PLC | 58.5 | 4.0% |
| PERSIMMON PLC | 2,450.0 | 3.9% |
| BARCLAYS PLC | 171.6 | 3.1% |
| BERKELEY GROUP HOLDINGS/THE | 4,589.0 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| OCADO GROUP PLC | 1102.0 | -7.4% |
| EVRAZ PLC | 351.0 | -5.3% |
| ROLLS-ROYCE HOLDINGS PLC | 739.6 | -4.8% |
| HISCOX LTD | 1213.0 | -4.4% |
| GLENCORE PLC | 245.5 | -3.5% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,329 | -0.4% | 3.9% |
| DOW JONES INDUS. AVG | 27,691 | 0.0% | 9.1% |
| DAX INDEX | 13,198 | -0.2% | 16.5% |
| NIKKEI 225 | 23,520 | 0.8% | 5.6% |
| S&P/ASX 200 INDEX | 6,753 | -0.3% | 13.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 57.07 | 0.37% |
| Brent Crude (ICE) | USD/bbl. | 62.46 | 0.45% |
| Gold Spot | USD/t oz. | 1,453 | -0.2% |
| Copper (Comex) | USd/lb. | 268 | 0.6% |
Click graph to enlarge
UK 100 Called to open +30 points at 7358; With muted anticipation rising ahead of Trumps trade negotiation speech later today, we are set for a positive start to the trading session. In focus today will be investor reaction to yesterdays stand out UK news that Nigel Farage will step aside and not fight conservative seats at the general election, This increases the chances of a conservative majority and decreases the chances of a hung parliament. This saw Brexit sensitive stocks rally yesterday (Lloyds bank +3%; RBS +4.5%; Barratt Developments +4% to name but three) will this continue today? Or could we see profit taking step in? Overnight we saw a muted trading session in the US for veterans day. The Dow +10 points; The S&P -6 points; The Nasdaq -11 points. In Asia we saw far more positive sentiment with the Nikkei +188 points & the Hang Seng +106 points. China bank loans hit 22 month lows with more easing expected contributing to this rise. Oil sits at $62.5 per barrel. Whilst Gold continued to fall as risk on appetite increased, now sitting just above $1450.
Astrazeneca outlined results from positive phase 3 Tulip 2 trial for antifrolumab (Lupus medication) it demonstrated superiority across multiple efficiency endpoints versus placebo.
ITV on track to deliver full year guidance, performance in the first 9 months as expected. and although the economic environment continues to be uncertain, are making good progress in executing strategy. Revenue -1% YoY; Total Viewing hours -6% YoY; Online Viewing Hours +10% YoY; ITV Hub registered users +12%.
Land Securities reported HY revenue +0.4%, HY loss before tax for the period of £147m (2018: profit of £42m). First half dividend +2.7%, adjusted EPS +0.3% to 30.4p. Office market in London continues to remain in good health, retail market continues to be challenging. With forthcoming election and UK’s proposed exit from the EU they remain alert to market risks.
Persimmon and OnTheMarket sign a listing agreement.
Vodafone increased its FY 2019 earnings guidance, reflecting improving organic growth trends as difficult markets in Spain and Italy start to ease and it integrates its German cable acquisition. They reported revenue growth +0.3% in 1H 2019 and forecast adjusted core earnings for the year of 14.8-15bn euros (Up from previous forecast of 13.8-14.2bn euros).
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Convatec Group Downgraded to Underperform by Bernstein (Bloomberg: 6 Buys/ 8 Holds/ 1 Sell)
UK ILO Unemployment Rate
German ZEW Survey
Land Securities, Vodafone, ITV
British Land, Wizz Air, Coca-Cola HBC, JD Wetherspoon, Tullow Oil, Taylor Wimpey
(Full list available on Week in advance)
Bunzl - 0.75%
Royal Dutch Shell A - 1.56%
Royal Dutch Shell B - 1.56%
GlaxoSmithKline - 1.1%
(Full list available on Week in advance)
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