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Morning Report - 26 August 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
CRH PLC 3,236.5 3.4%
PERSHING SQUARE HOLDINGS LTD 2,810.0 2.2%
RENTOKIL INITIAL PLC 546.2 2.2%
ANTOFAGASTA PLC 1,167.0 1.7%
INFORMA PLC 560.0 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
COCA-COLA HBC AG-DI 1975.5 -3.9%
PERSIMMON PLC 1485.0 -3.8%
B&M EUROPEAN VALUE RETAIL SA 375.3 -3.6%
OCADO GROUP PLC 763.8 -2.9%
MONDI PLC 1454.5 -2.6%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,480 0.1% 4.6%
DOW JONES INDUS. AVG 33,097 0.4% -6.5%
DAX INDEX 13,272 0.4% -16.3%
NIKKEI 225 28,479 0.6% 2.7%
S&P/ASX 200 INDEX 7,048 0.7% -5.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 93.23 -1.75%
Brent Crude (ICE) USD/bbl. 100.09 -1.12%
Gold Spot USD/t oz. 1,757 0.3%
Copper (Comex) USd/lb. 370 1.4%
The UK 100 is called to open +25 points this morning at 7504.

1 day; 20 Hours

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +25 points this morning at 7504.  The UK 100 looks set to open modestly higher this morning with investors awaiting Federal Reserve chair Jerome Powell’s Jackson Hole speech on Friday and reacting to news of another increase in the energy price cap in the UK.  This follows gains in the US and Asia overnight, At the close, the Dow was up 324 points, or 1%, at 33,292 points.   Meanwhile, The S&P gained 1.4% to close at 4,199 and the Nasdaq advanced 1.7%, finishing at 12,639.

 

 

 

Company News & Broker Comments:

 

Company News:

 

AstraZeneca: Japan approves AstraZeneca's Lynparza, Tagrisso and Ultomiris drugs.

 

 

Energy stocks: Ofgem raises the energy price cap on default tariffs 80% to £3,549 per year from Oct 1st.

 

 

Micro Focus International and OpenText reach agreement on cash acquisition terms, with OpenText valuing Micro Focus at roughly £5.1bn on an enterprise value basis.

Broker Comments:

JP Morgan Downgrades Intercontinental Hotels to Neutral from Overweight (7 Buys / 8 Holds / 0 Sells)

Reporting Today:

CRH

 

Grafton Group

 

Harbour Energy

 

Hays

 

Pershing Square Holdings*

 

Reporting Monday:

None

 

In Focus Today:

German Gfk Consumer Confidence Survey

 

US Core Personal Consumption Expenditures - Price Index

 

Jackson Hole Symposium

 

US Michigan Consumer Sentiment Index

 

Next Week's Ex-Dividends:

 

UK 100 companies paying dividends on 30th August 2022:

 

Natwest Group (Special Consolidation 13 for 14)

 

UK 100 companies paying dividends on 1st September 2022:

 

Admiral Group

 

Glencore

 

Endeavour Mining

 

InterContinental Hotels Group

 

Antofagasta

 

UK 250 companies paying dividends on 1st September 2022

 

PageGroup

 

Redde Northgate

 

Apax Global Alpha

 

Diversified Energy Company

 

Centamin

 

Rathbones Group

 

JLEN Environmental Assets Group

 

SDCL Energy Efficiency Income Trust

 

Quilter

 

Genuit Group

 

LondonMetric Property

 

Clarkson

 

BlackRock World Mining Trust

 

Savills

 

Alliance 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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