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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Sainsbury | 205.3 | 0.3% |
| Ocado | 1,987.0 | 0.3% |
| Severn Trent | 2,490.0 | -0.9% |
| Admiral Group | 2,305.0 | -1.1% |
| Croda International | 5,124.0 | -1.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Tui | 388.0 | -8.8% |
| Carnival | 1041.5 | -8.7% |
| International Consolidated Airlines Group | 230.4 | -8.5% |
| Smith & Nephew | 1490.0 | -7.5% |
| Whitbread | 2204.0 | -7.1% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 6,124 | -3.1% | -17.4% |
| DOW JONES INDUS. AVG | 25,446 | -2.7% | -4.8% |
| DAX INDEX | 12,094 | -3.4% | -1.5% |
| NIKKEI 225 | 22,534 | -0.1% | 6.3% |
| S&P/ASX 200 INDEX | 5,966 | 0.2% | -10.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 38.07 | -5.70% |
| Brent Crude (ICE) | USD/bbl. | 40.28 | -5.51% |
| Gold Spot | USD/t oz. | 1,761 | 0.0% |
| Copper (Comex) | USd/lb. | 265 | -0.6% |
Click graph to enlarge
UK 100 called to open -20 points this morning at 6110. Calls for a lower open come as negative sentiment from yesterday continue into Thursdays trading session, yesterday the headlines were centered on two things, Trump’s tariff plans with particular note on some US$3.1bn of tariffs potentially being imposed on Europe and the UK and a fresh new wave of Coronavirus cases in the US, seeing Apple taking localised action with a number of temporary store re-closures in selected cities. This saw the Dow Jones drop 710 points or 2.7% to closed Wednesday’s session at 25,445 while the S&P 500 gave up 2.59% to finish at 3,050. In Asia, Japan’s Nikkei fell just over 1% to 22,288. Brent crude trades at $39.96 per barrel, down 6.2%, while WTI crude sits at $37.88 per barrel, down 6.1%. Gold is currently $1,762 per ounce, down 0.04%.
Royal mail announces this morning it plans to cut jobs and investment after it saw its profit shrink by 30%. It has put forward its restructuring plan which will affect around 2000 management roles to help it save £130m in staffing costs. It had already planned to cut around £300m in capital spending across the group.
BAE Systems says first half profit would be impacted by the coronavirus pandemic but its second half performance would be much stronger as its business returns to “full operational tempo”. Demand for its defense equipment has remained strong, only some manufacturing lines were disrupted by the pandemic.
Mitie Group reports its Full Year operating profit from continuing operations is up 8% to £86.1m. Its order book has increased 4% to £4.3bn. It has however recommended no final dividend. The company also announces a fully written £201m, rights issue. It will consist of a 11 for 5 issue at a price of 25p per share.
Autotrader Full Year group revenue rises 4% to £368.9m. The Covid-19 outbreak is likely to result in an increase in the level of exclusive use vehicle ownership.
Dixons Carphone
Mitie Group
Safestore
Autotrader
Royal Mail Group
Marstons
Tesco
EU - ECB Monetary Policy Accounts
US - Initial Jobless Claims
US - Non Defence Capital Goods Orders
US - Gross Domestic Product
JP - CPI
UK 100:
United Utilities
Experian
UK 250:
Edinburgh Investment Trust
Caledonia Investment
LXI REIT
Law Debenture
Paypoint
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