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 |
| KINGFISHER PLC | 255.4 | 5.5% |
| TESCO PLC | 253.0 | 5.5% |
| HOWDEN JOINERY GROUP PLC | 616.0 | 5.3% |
| SAINSBURY (J) PLC | 213.2 | 5.2% |
| OCADO GROUP PLC | 795.0 | 5.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| M&G PLC | 200.7 | -1.7% |
| PERSHING SQUARE HOLDINGS LTD | 2835.0 | -1.4% |
| MELROSE INDUSTRIES PLC | 126.8 | -0.5% |
| SMITH & NEPHEW PLC | 1103.5 | -0.1% |
| HOMESERVE PLC | 1189.0 | -0.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,463 | 1.5% | 6.1% |
| DOW JONES INDUS. AVG | 32,389 | 0.7% | -6.4% |
| DAX INDEX | 13,370 | 2.2% | -15.0% |
| NIKKEI 225 | 28,542 | 1.2% | -6.1% |
| S&P/ASX 200 INDEX | 6,964 | 1.0% | -6.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 88.01 | 1.41% |
| Brent Crude (ICE) | USD/bbl. | 94.11 | 1.37% |
| Gold Spot | USD/t oz. | 1,730 | 0.8% |
| Copper (Comex) | USd/lb. | 358 | 0.3% |
Click graph to enlarge
The UK 100 is called to open +1 points this morning at 7474. The UK 100 looks set to open modestly higher this morning, following two days of bumper gains. This comes after UK unemployment rate fell 0.2% to 3.6% in the three months to July hitting its lowest level since 1974 and a decrease in the employment rate, while the economic inactivity rate increased. In the US, the Dow finished Monday up 321 points, 0.7%, at 32,383, the Nasdaq added 154 points, 1.3%, to 12,266 and the S&P improved 43 points, 1.1%, to 4,111.
ABRDN sells 43m shares in HDFC Life for about £262m.
AstraZeneca has won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine.
AVEVA Group: French industrial group Schneider Electric is nearing a deal to take full control of British software company AVEVA Group for around £3.5bn.
Fevertree Drinks reported a fall in profit for H1 despite strong demand in Europe and the US, as inflationary pressures and continued exposure to elevated Trans-Atlantic freight costs bit into earnings. They reported an adjusted core profit for H1 of £21.9m (2021: £29.2m profit).
Ocado reports Q3 sales of £531.5m, +2.7% YoY from £517.5m. They averaged 374,000 orders per week in Q3 as they expect Q4 to result in mid-single digit sales growth. The revenue growth expected in Q4 will not be sufficient to generate annual growth YoY.
Trustpilot H1 pretax loss narrows to $9.2m from $17.3m a year ago. They reiterate their FY22 outlook as they are on path to breakeven adjusted EBITDA in FY24.
Deutsche Bank Upgrades BT Group to Hold from Sell (6 Buys / 7 Holds / 3 Sells)
RPT / HSBC Upgrades Entain to Buy from Hold (11 Buys / 2 Holds / 0 Sells)
Fevertree Drinks
Ocado
Tullow Oil
Dunelm Group
ITM Power
Redrow
UK Average Earnings Excluding Bonus
UK Claimant Count Change
UK ILO Unemployment Rate
German Harmonized Index of Consumer Prices
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Current Situation
US Consumer Price Index ex Food & Energy
US Monthly Budget Statement
UK 100 companies going ex-dividend on 15th September 2022:
Unite Group
Intertek Group
Melrose Industries
UK 250 companies going ex-dividend on 15th September 2022:
TBC Bank Group
Balanced Commercial Property Trust
International Public Partnerships
Energean
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.