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 |
| BRITISH AMERICAN TOBACCO PLC | 3,104.5 | 6.1% |
| IMPERIAL BRANDS PLC | 2,142.5 | 2.2% |
| CENTRICA PLC | 89.7 | 1.8% |
| SEVERN TRENT PLC | 2,037.0 | 1.6% |
| ITV PLC | 109.4 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 813.4 | -9.1% |
| JOHNSON MATTHEY PLC | 3046.0 | -4.9% |
| ASHTEAD GROUP PLC | 2189.0 | -3.4% |
| BP PLC | 515.7 | -2.3% |
| SAGE GROUP PLC/THE | 799.0 | -2.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,493 | -0.6% | -2.5% |
| DOW JONES INDUS. AVG | 27,223 | 0.0% | 8.6% |
| DAX INDEX | 12,228 | -0.9% | -4.2% |
| NIKKEI 225 | 21,467 | 2.0% | -5.7% |
| S&P/ASX 200 INDEX | 6,700 | 0.8% | 7.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 55.81 | 0.92% |
| Brent Crude (ICE) | USD/bbl. | 62.79 | 1.39% |
| Gold Spot | USD/t oz. | 1,442 | -0.3% |
| Copper (Comex) | USd/lb. | 277 | 2.3% |
Click graph to enlarge
UK Index called up 40 points at 7534. We saw Asian indices gain (+1-2%), on optimism that the Fed will move for a more aggressive policy later this month. Bets are being placed on a half basis point cut. Oil spiked yesterday, as news that Iran had seized a small oil tanker broke through. Oil still remains for its biggest weekly decline since May despite reassuring data from the US and China. Brent trading at $62.90, WTI at $55.90. Gold retreated slightly to $1441.
RBS CEO Ross McEwan named CEO of National Australia Bank. Will stay at RBS until replacement appointed.
British Land have announced the first interim payment for Q2 2019 will be 7.98p, +3% on Q2 2018.
Acacia mining and Barrick Gold have reached an 232p/share agreement on the terms of an offer by Barrick for the ordinary share capital of Acacia that Barrick doesn’t already own.
CMA finds competition concerns in proposed Liqui-Box and DS Smith merger
Close Brothers performs well in 11 months to June 30; loan book +5.1%.
Strategic European to buy 6.8M Aston Martin shares for £10 each
Big Yellow Group Q1 2020 revenues +3.7%; Occupancy, rates up
Highland Gold Mining Q2 output flat, backs FY guidance
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Hochschild Downgraded to Hold by Numis (Bloomberg: 4 Buys / 3 Holds / 1 Sell)
ASOS Downgraded to Equalweight by Barclays (Bloomberg:16 Buys / 6 Holds / 5 Sells)
EasyJet Upgraded to Hold by HSBC (Bloomberg:10 Buys / 14 Holds / 2 Sells)
UK Public Sector Net Borrowing (9.30am)
US University of Michigan Consumer Sentiment, Inflation Expectations (3pm)
Companies reporting this week:
US - American Express, Shlumberger (Today)
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.
Prepared by Michael van Dulken, Head of Research