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Morning Report - 1 May 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
RECKITT BENCKISER GROUP PLC 6,630.0 3.6%
FLUTTER ENTERTAINMENT PLC 9,750.0 3.2%
SAGE GROUP PLC/THE 640.0 2.1%
HIKMA PHARMACEUTICALS PLC 2,370.0 1.7%
ASTRAZENECA PLC 8,322.0 1.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1440.5 -12.6%
ROYAL DUTCH SHELL PLC-B SHS 1286.4 -11.4%
ROYAL DUTCH SHELL PLC-A SHS 1325.0 -10.8%
INTERCONTINENTAL HOTELS GROU 3608.0 -9.1%
INFORMA PLC 439.2 -8.8%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,901 -3.5% -20.5%
DOW JONES INDUS. AVG 24,346 -1.2% -8.5%
DAX INDEX 10,862 -2.2% -12.0%
NIKKEI 225 20,194 2.1% -9.3%
S&P/ASX 200 INDEX 5,522 2.4% -13.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 19.09 26.76%
Brent Crude (ICE) USD/bbl. 25.27 12.11%
Gold Spot USD/t oz. 1,688 0.1%
Copper (Comex) USd/lb. 234 -1.1%

 

UK 100 called to open -100 points points at 5803.

1 hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -100 points points at 5803.  Calls for a negative open come on the back of sobering comments from Amazon and Apple about the impact of the coronavirus. Amazon.com warned of a possible second-quarter loss, while Apple omitted an earnings forecast for the first time in more than a decade, with today being Labour day meaning that continental Europe are off and Asian Markets closed too, there is little guidance as to early UK Index movements.  OIl prices have risen, as major producers began output cuts t offset the slump in demand triggered by coronavirus.

 

Company News:

 

Barratt Developments announce that work on construction sites will recommence from the 11th of May, in a phased return to construction with 180 sites (around 50%) reopening in its first phase.

 

Greggs has changed its mind about reopening 20 shops next week, fearing crowds of customers could gather.

 

IAG owned British Airways is seeking to lay off 25% of its pilots as it slashes costs to weather the coronavirus crisis.

 

RBS posts Q1 2020 pre-tax profit of £519m with impairments for bad debts due to coronavirus standing at £802m. They will defer any decisions on future dividend payments until the end of 2020.

 

Reporting Today:

 

Royal Bank Of Scotland

 

Reporting Monday:

 

Anglo American (AGM)

 

In Focus Today:

 

US - ISM Manufacturing PMI

US - Average Earnings

 

Next Weeks's Ex Dividends:

 

UK 100 :

 

BP

Admiral Group

St. James’s Place

Polymetal International

 

:

 

GCP Infrastructure Investments

Edinburgh Investment Trust

Lancashire Holdings

Hipgnosis Songs Fund

Upgrades/Downgrades:

 

Greggs Downgraded by Peel Hunt to Sell (Bloomberg: 1 Buy/ 2 Holds/ 2 Sells)

 

International Consolidated Airlines Group Downgraded by Goldman Sachs to Neutral (Bloomberg: 22 Buy/ 4 Holds/ 1 Sells)

 

Next Upgraded by HSBC to Buy (Bloomberg: 6 Buy/ 11 Holds/ 3 Sells)

 

Royal Dutch Shell Downgraded by Berenberg to Hold (Bloomberg: 9 Buy/ 15 Holds/ 2 Sells)

 

Royal Dutch Shell Downgraded by HSBC to Hold (Bloomberg: 10 Buy/ 14 Holds/ 2 Sells)

 

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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.


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