This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Tuesday’s UK 100 Leaders | Price (p) | % Chg |
| ASHTEAD GROUP PLC | 2,649.0 | 9.6% |
| FERGUSON PLC | 6,526.0 | 8.1% |
| CARNIVAL PLC | 1,355.0 | 7.6% |
| INFORMA PLC | 494.7 | 6.9% |
| CRH PLC | 2,869.0 | 6.6% |
| Tuesday’s UK 100 Laggards | Price (p) | % Chg |
| FLUTTER ENTERTAINMENT PLC | 10550.0 | -2.8% |
| POLYMETAL INTERNATIONAL PLC | 1464.0 | -0.3% |
| M&G PLC | 158.6 | -0.1% |
| SEGRO PLC | 881.0 | 0.1% |
| ADMIRAL GROUP PLC | 2283.0 | 0.3% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,243 | 2.9% | -15.0% |
| DOW JONES INDUS. AVG | 26,290 | 2.0% | 0.8% |
| DAX INDEX | 12,316 | 3.4% | 1.8% |
| NIKKEI 225 | 22,582 | 4.9% | 6.9% |
| S&P/ASX 200 INDEX | 5,942 | 3.9% | -9.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 38.15 | 2.77% |
| Brent Crude (ICE) | USD/bbl. | 40.85 | 2.84% |
| Gold Spot | USD/t oz. | 1,727 | 0.1% |
| Copper (Comex) | USd/lb. | 259 | 0.2% |
Click graph to enlarge
UK 100 called to open +30 points this morning at 6272. The UK 100 yesterday bounced from recently discovered support at around 5,963 and proceeded to breakthrough resistance at 6,142. This came on the back of fresh stimulus from the Fed in the U.S and continued through the day with news developing of a potential breakthrough of a Covid-19 treatment, dexamethasone, a common steroid costing around £5. It has been in use since the early 1960s, it treats a range of conditions, including rheumatoid arthritis and asthma. Early indications show that the market has brushed off the news that UK inflation has slipped to 0.5% in May, alongside CPI, in data released this morning from the Office of national statistics. In the US yesterday we saw The Dow Jones end Tuesday’s session 2% higher at 26,289 while the S&P 500 climbed 1.9% to 3,124 and the Nasdaq rose 1.7% to 9,895. However, the picture turned negative in Asia as a new outbreak of coronavirus in Beijing and news of clashes between India and China in the Himalayas sent the Japanese Nikkei 225 down 0.62% while Hong Kong’s Hang Seng fell 0.28%. Brent crude trades at $40.27 a barrel, down 1.68%.
Berkeley Group reports 35% fall in annual profit as it sold fewer homes in a market that was suffering even before the coronavirus crisis. Pretax profit fell to £503.7m in the FY ended April 30th (2019: £775.2m).
Boohoo reports Q1 revenue rose 45% to £367.8m and they anticipate revenue growth to be approximately 25% for 2020. They expect FY capital expenditure to be between £60-80m.
De La Rue have announced a £100m capital raising exercise.
Domino's Pizza Group report H1 core earnings to be slightly lower, hit by additional costs of implementing safety measures at its stores during the coronavirus-led lockdown as they made significant changes to its business.
Kingfisher reports sales are up 22% y-o-y in Q2 2020 as stores reopen after lockdown.
SSE announces an approved investment decision for Viking onshore wind farm, which will cost £580m to complete.
William Hill launches a share capital issue to raise around £245m.
De La Rue
Wincanton
Dominos
Hill & Smith
National Grid
Blue Prism
Safestore
UK - Consumer Price Index
UK - Retail Price Index
EU - Consumer Price Index
US - Housing Starts
US - EIA Crude Oil Stocks Change
UK 100:
Intermediate Capital Group
Johnson Matthey
UK 250:
Tate & Lyle
TR Property Investment Trust
Pets At Home Group
3i Infrastructure
Fidelity China Special Situations
Big Yellow Group
LondonMetric Property
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.