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Morning Report - 26 August 2020

Tuesday’s UK 100 Leaders Price (p) % Chg
AVEVA GROUP PLC 4,646.0 7.3%
GVC HOLDINGS PLC 800.6 3.8%
INTERCONTINENTAL HOTELS GROU 4,448.0 3.4%
INTL CONSOLIDATED AIRLINE-DI 202.2 2.5%
OCADO GROUP PLC 2,500.0 2.2%
Tuesday’s UK 100 Laggards Price (p) % Chg
CRH PLC 2933.0 -3.4%
ITV PLC 60.6 -3.3%
ANGLO AMERICAN PLC 1844.2 -3.3%
INFORMA PLC 402.8 -3.2%
RSA INSURANCE GROUP PLC 443.8 -3.2%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,037 -1.1% -14.9%
DOW JONES INDUS. AVG 28,248 -0.2% 10.2%
DAX INDEX 13,062 0.0% 12.5%
NIKKEI 225 23,297 1.4% 15.0%
S&P/ASX 200 INDEX 6,161 0.5% -4.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 43.43 0.18%
Brent Crude (ICE) USD/bbl. 45.86 1.62%
Gold Spot USD/t oz. 1,929 0.1%
Copper (Comex) USd/lb. 296 0.2%

 

UK 100 called to open +10 points this morning at 6047.

1 day; 4 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +10 points this morning at 6047.  Calls for a positive open come as investors seem to be happy to wait to see if there are any further developments in the US-China trade negotiations. During trading in the US yesterday, The Dow Jones gave up 60.02 points, or 0.2%, to close at 28,248.44 on Tuesday, shares of Apple weighed heavily on the index, breaking what was a 5 day winning streak. However, the S&P 500 added 0.4% to close at 3,443.62. In the process the index struck another record high on strength in other tech shares. The Nasdaq also advanced, in this case 0.8% to 11,466.47, also a record.   Shares in Salesforce gained 4% while Amgen and Honeywell were both up by at least 3% after it was announced that these three companies will be added to the Dow later this month. The three stocks they will replace — Exxon Mobil, Pfizer and Raytheon Technologies dropped 3%, 1% and 1.5%, respectively.  This came on the back of mixed economic data which saw a 36% surge in sales of newly built homes in July in the US. However, consumer confidence fell for a second straight month.

 

Company News:

 

Carnival announce that their line Princess Cruises world cruise would have cancellations for early 2021 departure due to restrictions and limitations with border and port access determined by government and health authorities and the continued uncertainty of airline travel.

 

 

Polymetal approves their revised dividend policy of a minimum final dividend of 50% of underlying net income for H2 2020. This will start from 2021 with dividends paid twice a year on a semi-annual basis.

 

Provident Financial sank to a H1 2020 pretax loss of £28m (2019: £43.1m profit) and suspended its interim dividend as customers struggle to pay off their debts in the coronavirus crisis.

 

 

Reporting Today:

 

Provident Financial

Polymetal International

Creightons

 

Reporting Thursday:

 

Paddy Power

WPP

Hays

Hunting

Diploma

Rolls Royce

 

In Focus Today:

 

 

US Non Defence Capital Goods Orders

 

Tomorrow's Ex Dividends:

 

UK 100:

 

Persimmon

Halma

 

UK 250:

 

Ultra Electronics Holdings

Bodycote

Henderson Smaller Cos Inv Tst

PayPoint

BlackRock World Mining Trust

LondonMetric Property

JPMorgan American Investment Trust

Personal Assets 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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