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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| NMC HEALTH PLC | 2,518.0 | 4.8% |
| FLUTTER ENTERTAINMENT PLC | 6,172.0 | 4.1% |
| BRITISH AMERICAN TOBACCO PLC | 2,861.5 | 4.1% |
| OCADO GROUP PLC | 1,210.5 | 3.7% |
| SMURFIT KAPPA GROUP PLC | 2,464.0 | 3.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 852.8 | -2.0% |
| ASSOCIATED BRITISH FOODS PLC | 2425.0 | -1.5% |
| VODAFONE GROUP PLC | 127.9 | -1.1% |
| NEXT PLC | 5470.0 | -1.0% |
| INFORMA PLC | 826.8 | -1.0% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,498 | 1.0% | -0.7% |
| DOW JONES INDUS. AVG | 26,717 | 0.4% | 9.9% |
| DAX INDEX | 12,521 | 1.0% | 2.3% |
| NIKKEI 225 | 21,755 | 0.1% | -0.3% |
| S&P/ASX 200 INDEX | 6,646 | 0.0% | 8.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 59.20 | 0.19% |
| Brent Crude (ICE) | USD/bbl. | 65.33 | 0.41% |
| Gold Spot | USD/t oz. | 1,391 | 0.5% |
| Copper (Comex) | USd/lb. | 269 | 0.0% |
UK Index Called to open +20 points at 7517, following yesterday's 9 month high on both the UK 100 & the German Dax, overnight trading sessions saw the S&P hit new all time highs & we saw positive market sentiment continue into the Asian trading session with the Hang Seng closing +1.4%. Weighing slightly on market sentiment today will be the news coming out of the US that a proposal for an additional $4bn trarrifs on European imports to the U.S, paired with mixed German retail data this morning.
In corporate news this morning:
Ryanair June traffic +13%. Wizz Air passengers +19%, load factor +1.7 ppts to 95%.
National Grid publishes summaries of draft RIIO T2 plans for stakeholder feedback.
Plus 500 Q2 revenues +74% to $94m, giving a total of $148m for the first half; average cost of customer acquisition fell.
Sirius Minerals updated that construction is advancing well, and the company remains on target to achieve first polyhalite and commercial production on time and in line with its cost schedule
WPP entered into talks to sell majority stake in Kantar market-research unit to private-equity firm Bain Capital, in a deal that values the business at about $4B, including debt
Funding Circle cuts 2019 revenue growth expectations to 20%, from previous guidance of 40%.
Trainline Q1 2020 Net Ticket Sales +20%; reiterates full year guidance given at recent IPO.
In focus today:
OPEC Meeting (Day 2), UK construction PMI (8.30am), US ISM data (2.00pm), US Economic Optimism data, BOE Governor Carney speech (2.05pm)
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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.
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