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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| PEARSON PLC | 579.6 | 3.2% |
| BUNZL PLC | 2,001.0 | 2.7% |
| POLYMETAL INTERNATIONAL PLC | 1,345.0 | 0.1% |
| ADMIRAL GROUP PLC | 2,262.0 | -0.6% |
| NMC HEALTH PLC | 848.2 | -0.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| EASYJET PLC | 1257.0 | ##### |
| TUI AG-DI | 767.6 | -9.8% |
| INTL CONSOLIDATED AIRLINE-DI | 566.0 | -9.2% |
| ANGLO AMERICAN PLC | 1942.8 | -8.6% |
| MELROSE INDUSTRIES PLC | 226.2 | -7.5% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,157 | -3.3% | -0.4% |
| DOW JONES INDUS. AVG | 27,961 | -3.6% | 7.2% |
| DAX INDEX | 13,035 | -4.0% | 13.3% |
| NIKKEI 225 | 22,605 | -3.3% | 5.5% |
| S&P/ASX 200 INDEX | 6,867 | -1.6% | 11.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 51.90 | 0.91% |
| Brent Crude (ICE) | USD/bbl. | 56.90 | 1.07% |
| Gold Spot | USD/t oz. | 1,643 | -1.0% |
| Copper (Comex) | USd/lb. | 259 | 0.3% |
Click graph to enlarge
UK 100 called to open +30 points 7187; The exodus from risk assets that saw global stocks surrender their gains for the year showed signs of letting up some on Tuesday, with U.S. and European futures advancing, the yuan rising and Treasuries edging down. Japanese equities tumbled more than 3% as traders returned after a holiday, though the decline was less than the two-session slide on Wall Street. The Hang Seng actually closed the day out in the green at 26,852, having bounced 150 during trading. In China the CSI picked up 2% during trading to close out the day only 8 points lower at 4,123. In the US risk off was prominent, as the Dow Jones closed the day 1,031 lower, at 27,960, the S&P gave up 111 points to close at 3,225 and the Nasdaq closed 355 points lower at 9,221. Dow Futures however see a swing back towards risk on, just short of 200 higher at time of writing. Brent bounced back off lows also, trading at $57 per barrel at time of writing. Whilst gold pulled back slightly from fresh 7 year highs to trade at $1640.
AstraZeneca has agreed to sublicense its global rights to Movantik (naloxegol).
Hammerson reported a drop in annual net rental income, impacted by an increase in store closures. Rental income -11.2% to £308.5m (verses £347.5m). Outlook for the UK retail market remaining uncertain, they believe they should maintain focus on reducing debt during 2020.
Meggitt warned that its growth in 2020 would be constrained by the impact of the halt to production of Boeing’s 737 Max aircraft, combined with the disruption caused by coronavirus. Revenue growth in 2020 would come in between 2-4% (2019: +8%). Underlying operating profit +10% to £402.8m.
Prudential: Hedge fund Third Point LLC has amassed more than a $2bn stake in Prudential and has called on the company to split into two.
Tesco has agreed to sell its 20% share in gain land to its JV partner China Resources Holdings in a deal worth £275m.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Metro Bank, Croda, Petrofac, Meggit, Hammerson
Taylor Wimpey, Rio Tinto, Weir Group, Restaurant Group, William Hill
EU - German Gross Domestic Product
US - Consumer Confidence
UK 100 :
Easyjet
Diageo
Barclays
Astrazeneca
HSBC Holdings
:
Beazley
Witan Investment Trust
Plus 500
Anglo American Upgraded to Overweight by Barclays (Bloomberg: 11 Buys / 10 Holds / 4 Sells)
Rathbone Upgraded to Add by Numis (Bloomberg: 3 Buys / 3 Holds / 1 Sells)
Virgin Money Upgraded to Buy by Morningstar (Bloomberg: 13 Buys / 9 Holds / 3 Sells)
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