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Morning Report - 17 August 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
GLENCORE PLC 482.9 4.0%
RIO TINTO PLC 4,918.0 3.9%
ANGLO AMERICAN PLC 3,002.5 3.5%
B&M EUROPEAN VALUE RETAIL SA 432.2 3.1%
ANTOFAGASTA PLC 1,164.5 3.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
DECHRA PHARMACEUTICALS PLC 3516.0 -3.1%
MONDI PLC 1627.5 -2.8%
AVEVA GROUP PLC 2426.0 -2.7%
RIGHTMOVE PLC 637.6 -2.7%
FRESNILLO PLC 722.8 -2.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,536 0.4% 5.3%
DOW JONES INDUS. AVG 34,152 0.7% -4.1%
DAX INDEX 13,910 0.7% -12.7%
NIKKEI 225 28,869 0.0% 5.3%
S&P/ASX 200 INDEX 7,105 0.6% -5.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 86.53 -3.22%
Brent Crude (ICE) USD/bbl. 92.75 -2.47%
Gold Spot USD/t oz. 1,776 0.0%
Copper (Comex) USd/lb. 362 0.2%
The UK 100 is called to open +17 points this morning at 7553. 

1 hour; 20 Days

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +17 points this morning at 7553.  .Calls for another positive open come on the back of a strong close on Wall Street yesterday, The Dow rallied 239.57 points, or 0.71% to close at 34,152.01, while the S&P inched 0.19% higher to 4,305.20. The Nasdaq Composite slipped 0.19% to 13,102.55.  The Dow opened Tuesday’s session in negative territory before rallying as much as nearly 369 points at session highs thanks to a boost from Walmart and Home Depot.

 

 

Company News & Broker Comments:

 

Company News:

 

Balfour Beatty reports H1 pretax profit of £83m (2021: £35m) as they recommend a dividend of 3.5p (+17% YoY). They state that support services have been upgraded to top end of FY margin target.
Cineworld says recent admission levels have been below expectations, due to limited film slate which is set to continue until Nov. They expect a hit to trading and liquidity in the short-term. They are mulling options to obtain additional liquidity and restructure their balance sheet. Deleveraging is likely to significantly dilute existing shareholders.
 
GlaxoSmithKline have said that plaintiffs about their heartburn drug Zantac will file a notice to voluntarily dismiss the case.
Hochschild report that their H1 pretax profit fell to $15.3m (2021: $97.8m) as they reinstate their dividend of 1.95 cents per share. They are on track for 2022 production target of 360,000-375,000 gold equivalent ounces.
 
Persimmon reports H1 pretax profit of £439.7m (2021: £480.1m) as they make a "robust" start to H2. They continue to target 10% growth in outlets by end of the current year as they reiterate their FY guidance of 14,500-15,000 completions.

Broker Comments:

 No new broker comments

Reporting Today:

Balfour Beatty

 

Bank of Georgia

 

Essentra

 

Persimmon

 

Plus 500

 

Reporting Thursday:

 

Helios Towers

 

Marshalls

 

In Focus Today:

UK Consumer Price Index

 

EU Gross Domestic Product

 

US Retail Sales

 

FOMC Minutes

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

abrdn

 

Anglo American

 

Aviva

 

Legal & General Group

 

HSBC Holdings

 

Imperial Brands

 

GSK

 

Hikma Pharmaceuticals

 

Prudential

 

Pershing Square Holdings

 

London Stock Exchange Group

 

FTSE 250:

UK Commercial Property REIT

 

Ibstock

 

Bridgepoint Group

 

Murray Income Trust

 

4imprint Group

 

Rotork

 

Just Group

 

Chemring Group

 

TI Fluid Systems

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.


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