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| Monday’s UK 100 Leaders | Price (p) | % Chg |
| Fresnillo | 992.8 | 5.62% |
| Scottish Mortgage Investment Trust | 959.0 | 5.27% |
| Johnson Matthey | 2207 | 4.40% |
| Avast | 578.5 | 4.05% |
| Flutter Entertainment | 10,970 | 3.54% |
| Monday’s UK 100 Laggards | Price (p) | % Chg |
| Taylor Wimpey | 143.7 | -0.90% |
| Melrose Industries | 117.35 | -0.76% |
| Informa | 437.0 | -0.75% |
| RSA Insurance Group | 417.6 | -0.55% |
| Standard Life Aberdeen | 262.0 | -0.46% |
| Major World Indices | Price | % Chg | 1 Year |
| FTSE 100 INDEX | 6,176 | 1.3% | -17.7% |
| DOW JONES INDUS. AVG | 26,086 | 0.0% | -4.6% |
| DAX INDEX | 12,800 | 1.3% | 3.9% |
| NIKKEI 225 | 22,785 | 2.2% | 5.1% |
| S&P/ASX 200 INDEX | 5,978 | 1.0% | -10.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 39.57 | -2.42% |
| Brent Crude (ICE) | USD/bbl. | 42.23 | -2.34% |
| Gold Spot | USD/t oz. | 1,803 | 0.2% |
| Copper (Comex) | USd/lb. | 291 | 0.3% |
Click graph to enlarge
UK 100 called to open -50 points this morning at 6126. This comes on the back of a negative start at the start of the week in the US, Wall Street’s tech stocks backtracked dramatically from early gains, with traders showing concerns over news that California was bringing back lockdown measures due to the rampaging coronavirus. The Nasdaq initially rose 2% to notch up another new all-time high before turning tail and ending the session down 2.1% at 10,390, while the Dow Jones and S&P 500 similarly started well before taking a tumble to end flat and down 0.9% respectively. In focus today will be the start of earnings season, which begins today, expectations are low, with profits predicted to take a 40-50% hit as the pandemic forced businesses to close their doors around the world. Crude Oil trades lower 1.6% at $42.05. While gold is also down 0.3% to trade at $1,797.67 per ounce.
AO World believes the pandemic has had a seismic impact on retail. They reported revenues of £1.046bn and a FY operating loss of £3.8m (2019: loss £13m).
Ashmore reports a pick up in emerging markets has helped boost their assets by almost 10% in Q2, despite seeing more than $2bn in net outflows.
Halma are to cut jobs, sees adjusted pretax profit for 20/21 to be 5-10%. FY 20 Revenue +10.5% and pre-tax profit +8.4%. They are recommending a +3.8% increase in the final dividend.
Ocado sees retail sales soar +27% in lockdown H1 20 trading, with no material changes to its forecasts from previous statements. Fees invoiced to overseas technology partners rose +58%, as its international roll-out gained pace with the opening of its first partner robotic distribution warehouses in Paris and Toronto.
Fevertree reports trading in first 2 months of their fiscal year has been in line with expectations. Positive momentum in both spirts and mixer categories in off-trade during lockdown has continued.
Halma
AO World
Ocado Group
McCarthy & Stone
Burberry Group
JP - Bank Of Japan Interest Rate Decision
UK - Consumer Price Index
UK 100:
None
UK 250:
F&C Investment Trust
Hipgnosis Songs Fund
Liontrust Asset Management
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