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 |
| BP PLC | 315.3 | 3.5% |
| DIAGEO PLC | 3,298.5 | 3.4% |
| ROYAL DUTCH SHELL PLC-A SHS | 1,413.0 | 3.3% |
| ROYAL DUTCH SHELL PLC-B SHS | 1,353.8 | 3.0% |
| PEARSON PLC | 855.0 | 2.2% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| JUST EAT TAKEAWAY | 6247.0 | -8.3% |
| FLUTTER ENTERTAINMENT PLC-DI | 12760.0 | -4.5% |
| RENISHAW PLC | 5430.0 | -3.5% |
| AVEVA GROUP PLC | 3107.0 | -1.8% |
| ENTAIN PLC | 1538.0 | -1.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,005 | 0.8% | 18.6% |
| DOW JONES INDUS. AVG | 33,588 | -2.0% | 44.5% |
| DAX INDEX | 15,150 | 0.2% | 43.7% |
| NIKKEI 225 | 27,448 | -2.5% | 36.3% |
| S&P/ASX 200 INDEX | 6,983 | -0.9% | 28.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 65.22 | -1.30% |
| Brent Crude (ICE) | USD/bbl. | 68.43 | -1.28% |
| Gold Spot | USD/t oz. | 1,820 | 0.2% |
| Copper (Comex) | USd/lb. | 473 | 0.0% |
Click graph to enlarge
UK 100 is called to open -50 points this morning at 6955. Calls for a weaker open today come after American equities again suffered, the sell-off was driven by a spike in the US consumer price index, which jumped to 13 year highs. The Dow Jones fell 681 points or 1.99%, to close at 33,587 whilst the S&P 500 also dropped by a similar amount, 2.14%, to trade at 4,063. The biggest faller was the Nasdaq, which gave up 357 points or 2.67% to finish the session trading at 13,031. In Asia the negative sentiment continued, Japan’s Nikkei fell by 600 points or 2.13% to settle at 27,548 and Hong Kong’s Hang Seng dropped 1.29% to trade 27,865. The Shanghai Composite index lost just over 1% to close out the session at 3,426.
Balfour Beatty continues to expect their earnings-based underlying operating profit to be in line with 2019.
BT reported a 7% fall in revenue and a 6% fall in adjusted earnings for the year to end of March, reflecting the impact of COVID-19. They plan to extend their full fibre broadband network to 25m premises by the end of 2026 and aim to fund the 5m additional premises through a joint venture with other parties.
Burberry reported a 10% drop in their FY sales, weighed down by the COVID-19 pandemic. They state that their recovery from the crisis has accelerated through the year as they saw a strong rebound in Asia in its final quarter, offsetting some of the hit from continued COVID-related store closures in Europe.
Direct Line are to appoint Neil Manser as their new permanent CFO replacing Tim Harris.
Hargreaves Lansdown reported a rise in assets under administration (AUM) during the past 4 months but said it has started to see a fall in share-dealing volumes as pandemic curbs ease. Their AUM reached £132.9bn by April 30, compared with 120.6bn at the end of 2020. Net inflows climbed to £7.9bn from £6.3bn year to date.
Rolls-Royce says their flying hours are around 40% of 2019 levels in the first 4 months of 2021. They expect to turn free cash flow positive during H2 2021.
Berenberg Downgrades UDG Healthcare to Hold from Buy (7 Buys / 2 Holds / 1 Sell)
BT Group
Beazley
Brewin Dolphin Holdings
Burberry Group
Grainger
Greggs
Hargreaves Lansdown
3i Group
Countryside Properties
BoE's Governor Bailey speech
BoE's Cunliffe speech
US Initial Jobless Claims
UK 100:
Avast
Royal Dutch Shell A
Royal Dutch Shell B
UK 250:
Serco Group
Spectris
Inchcape
Clarkson
Gamesys Group
FDM Group (Holdings)
IP Group
Fidelity Special Values
Greencoat UK Wind
UK Commercial Property REIT
Renewables Infrastructure Group
Tritax Big Box REIT
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.