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 |
| FRESNILLO PLC | 665.8 | 7.0% |
| POLYMETAL INTERNATIONAL PLC | 1,131.5 | 2.0% |
| ANTOFAGASTA PLC | 1,389.5 | 1.7% |
| BRITISH AMERICAN TOBACCO PLC | 3,409.0 | 1.2% |
| ANGLO AMERICAN PLC | 3,617.5 | 1.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| EVRAZ PLC | 315.5 | -29.1% |
| INTL CONSOLIDATED AIRLINE-DI | 164.8 | -5.6% |
| BARCLAYS PLC | 195.6 | -5.1% |
| AVEVA GROUP PLC | 2678.0 | -4.3% |
| MELROSE INDUSTRIES PLC | 152.0 | -4.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,532 | -1.7% | 11.5% |
| DOW JONES INDUS. AVG | 34,566 | -0.5% | 9.9% |
| DAX INDEX | 15,114 | -2.0% | 7.6% |
| NIKKEI 225 | 26,865 | -0.8% | -10.7% |
| S&P/ASX 200 INDEX | 7,207 | -0.5% | 4.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 94.95 | -0.53% |
| Brent Crude (ICE) | USD/bbl. | 96.03 | -0.47% |
| Gold Spot | USD/t oz. | 1,879 | 0.4% |
| Copper (Comex) | USd/lb. | 450 | -0.1% |
Click graph to enlarge
The UK 100 is called to open -10 points today at 7521. A slightly lower open is expected this morning after shedding 120 points on Monday, the 2nd biggest one day fall of 2022. Overnight on Wall Street, the Dow Jones declined 0.49%, and the S&P dropped 0.38%, the Russell 2000 dipped 0.46% and the tech-filled Nasdaq remained unchanged. Asian markets were mostly lower on Tuesday as Japan’s economy expanded 5.4% on an annualised basis in the final quarter of 2021. Japan’s Nikkei 225 fell 0.79% and South Korea’s Kospi slumped 1.03%. The Shanghai composite in China gained 0.34% while Hong Kong’s Hang Seng index dipped 1.13%.
Babcock are to acquire the remaining 50% interest in their Australian naval JV for AUD60m.
BHP Group posts HY underlying attributable profit of $10.69bn. They state cost headwinds due to supply bottlenecks to remain challenging in 2022.
Burford Capital expects to post a net loss of between $70-80m for 2021.
Ferrexpo confirms acting CEO Jim North as permanent CEO, effective immediately.
Glencore reports a FY pretax profit of $7.38bn v loss of $5.12bn the year before, with $4bn of shareholder returns. They have taken a $1.5bn provision for UK, US and Brazilian investigations.
Metro Bank CFO David Arden will step down on April 1st.
Plus 500 report that their FY21 pretax profit fell to $386.4m from $523.3m a year ago.
RBC Downgrades British American Tobacco to Sector Perform from Outperform (12 Buys / 2 Holds / 0 Sells)
RBC Upgrades Unilever to Sector Perform from Underperform (5 Buys / 7 Holds / 1 Sell)
Glencore
Plus500
Indivior
Primary Health Properties
Japanese Industrial Production
UK ILO Unemployment Rate
Chinese FDI - Foreign Direct Investment
EU Gross Domestic Product s.a
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Economic Sentiment
US Producer Price Index ex Food & Energy
FTSE 100:
Imperial Brands
BP
Shell
Pershing Square Holdings
FTSE 250:
Beazley
Hipgnosis Songs Fund
BlackRock Throgmorton Trust
Murray Income Trust
NCC Group
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.