This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Monday’s UK 100 Leaders | Price (p) | % Chg |
| BT Group | 115.6 | 4.05% |
| BP | 304.5 | 2.65% |
| Imperial Brands | 1,442.5 | 2.52% |
| Royal Dutch Shell B | 1,247.6 | 2.45% |
| Royal Dutch Shell A | 1,309.6 | 2.38% |
| Monday’s UK 100 Laggards | Price (p) | % Chg |
| Scottish Mortgage Investment Trust | 893 | -6.88% |
| Halma | 2,189 | -4.54% |
| Persimmon | 2,543 | -4.25% |
| JD Sports Fashion | 619.2 | -4.09% |
| Hargreaves Lansdown | 1,542 | -3.99% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,180 | 0.1% | -17.7% |
| DOW JONES INDUS. AVG | 26,643 | 2.1% | -2.5% |
| DAX INDEX | 12,697 | -0.8% | 3.0% |
| NIKKEI 225 | 22,587 | -0.9% | 4.2% |
| S&P/ASX 200 INDEX | 5,941 | -0.6% | -11.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 40.44 | 0.85% |
| Brent Crude (ICE) | USD/bbl. | 43.02 | 0.70% |
| Gold Spot | USD/t oz. | 1,809 | 0.0% |
| Copper (Comex) | USd/lb. | 294 | -0.6% |
Click graph to enlarge
UK 100 called to open +52 points this morning at 6231. A positive open is expected as Moderna said today that its Coronavirus vaccine had produced robust immune response in all 45 patients in its early stage human trial. This news comes after earnings season kicked off in the US yesterday with a bang as JP Morgan chase beat both revenue & profit expectations, all eyes will be on Goldman Sachs today as they report their quarterly earnings. This paired with stand out numbers from Caterpillar saw the Dow Jones rise by 556 points at the close, leading to the US 30's best day since June 29th. Also in positive news for investors Florida reported a daily rise in cases below the 7 day average, whilst California saw a fall in the number of daily cases. Brent crude oil trades at $43.09 a barrel, up 0.44%. While gold is changing hands at $1,806 an ounce, down 0.13%.
ASOS sees sales rise +10% in lockdown period during Q2 2020, as they benefited from trading through the coronavirus lockdown while store based rivals were forced to shutter shops. They've forecast that FY 2020 pre-tax profit will be towards the top end of market expectations, despite material incremental COVID-19 costs.
BT has said its estimated that the ban on Huawei's equipment in its 5G networks would cost no more than £500m.
Burberry sees Q1 2020 like-for-like sales drop 45% (analysts forecast 49% drop) as demand was severely impacted by COVID-19. The decline eased to 20% in June driven by growth in mainland China and South Korea.
Dixons Carphone reports annual group profit halved due to the underperformance of its mobile unit, while coronavirus-induced restrictions hit sales at its stores even as online sales rose. They have abandoned its final dividend for the year and has issued no outlook after its adjusted pretax profit for the year fell to £166m (2019: £339m).
Dunelm Group sees lower annual profit as virus shuts stores. They expect pretax profits of between £105-110m for FY 2020 (2019: £125.9m).
Galliford Try says they've initiated a number of actions to reduce costs and conserve cash in the business to account for the impact of COVID-19. Order book up +10% at £3.2bn (2019: £2.9bn) with 90% of revenue for new financial year secured.
Premier Oil now expects to be free cash flow positive (after interest) for FY 2020.
Severn Trent says the company is on track to invest £430-510m this year in infrastructure. They have also not yet seen devidence that would change their initial estimates for the impact of COVID-19, £50-85m negative impact to 2020/21 revenue.
McCarthy & Stone
Burberry Group
SSE
Hays
Renewi
BT Group
Electrocomponents
Biffa
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
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.