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Morning Report - 25 April 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
RENTOKIL INITIAL PLC 534.4 2.0%
AVAST PLC 556.8 1.6%
INTERTEK GROUP PLC 5,130.0 1.3%
SEVERN TRENT PLC 3,048.0 0.9%
NATIONAL GRID PLC 1,172.5 0.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
B&M EUROPEAN VALUE RETAIL SA 516.6 -6.1%
ANGLO AMERICAN PLC 3460.5 -5.9%
ROLLS-ROYCE HOLDINGS PLC 91.6 -5.2%
WHITBREAD PLC 2851.0 -4.8%
SCHRODERS PLC 3012.0 -4.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,522 -1.4% 8.4%
DOW JONES INDUS. AVG 33,811 -2.8% -0.7%
DAX INDEX 14,142 -2.5% -7.4%
NIKKEI 225 26,591 -1.9% -8.4%
S&P/ASX 200 INDEX 7,473 -1.6% 5.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 98.29 -3.70%
Brent Crude (ICE) USD/bbl. 102.79 -3.62%
Gold Spot USD/t oz. 1,913 -1.0%
Copper (Comex) USd/lb. 453 -1.5%
The UK 100 is called to open -110 points at 7410. 

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -110 points at 7410. European stock index futures sank over 1% on Monday as nerves around rapid U.S. interest rate hikes and tech earnings this week overshadowed cheer from French President Emmanuel Macron's election victory.  The UK’s blue-chip index looks set for another triple-digit fall as Covid situation in China worsens. On Friday in the US, the Dow Jones slumped 981 points to 33,811 and the S&P 500 tumbled 122 points to 4,272.  In Japan, the Nikkei is 467 points lighter at 26,638 while in Hong Kong the Hang Seng is 663 points in the hole at 19,976.  In China, the Shanghai Composite is 122 points weaker at 2,965, its lowest level since 2020, as strict restrictions have begun to spread in the People’s Republic, with authorities ordering mandatory Covid tests in a district of Beijing.

Company News & Broker Comments:

 

Company News:

 

Anglo American: A Chilean environmental regulator has recommended that Anglo American's Los Bronces copper project not be granted an extension permit involving a planned $3.3bn investment.

 

British Land sells 75% of their Paddington Central assets to GIC for £694m.

 

Polymetal reports that their Q1 gold production fell 6% to 372 Koz YoY, but their Q1 revenue increased 4% to $616m YoY. They attribute higher revenue to higher gold prices.

Broker Comments:

Deutsche Bank Downgrades Marks & Spencer to Hold from Buy (7 Buys / 13 Holds / 0 Sells)

 

Deutsche Bank Downgrades National Grid to Hold from Buy (6 Buys / 7 Holds / 1 Sell)

 

Reporting Today:

 

None

 

Reporting Tomorrow:

Associated British Foods (ABF)

 

HSBC

 

Hochschild Mining

 

IWG

 

Jupiter Fund Management

 

National Express

 

Taylor Wimpey

 

 

In Focus Today:

German IFO – Business Climate

 

German IFO – Current Assessment

 

German IFO – Expectations

 

Chicago Fed National Activity Index

 

Japanese Jobs / Applicants Ratio

 

Japanese Unemployment Rate

 

 

This Week's Ex-Dividends:

 

FTSE 100:

St. James's Place

 

Fresnillo

 

Reckitt Benckiser Group

 

RELX

 

London Stock Exchange Group

 

Rightmove

 

FTSE 250:

Tyman

 

Morgan Sindall Group

 

Morgan Advanced Materials

 

Derwent London

 

Coats Group

 

Drax Group

 

City of London Investment Trust

 

4imprint Group

 

Schroder Oriental Income Fund

 

Bankers Investment Trust

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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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