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Morning Report - 26 July 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
AIRTEL AFRICA PLC 169.4 2.9%
STANDARD CHARTERED PLC 587.6 2.6%
ANGLO AMERICAN PLC 2,726.5 2.3%
NATWEST GROUP PLC 230.1 2.2%
GLENCORE PLC 431.3 2.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
ENDEAVOUR MINING PLC 1549.0 -4.3%
HALEON PLC 306.0 -3.3%
FRESNILLO PLC 650.4 -2.9%
SCOTTISH MORTGAGE INV TR PLC 809.0 -2.7%
OCADO GROUP PLC 770.8 -2.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,292 0.2% 3.9%
DOW JONES INDUS. AVG 31,980 0.3% -9.1%
DAX INDEX 13,202 -0.4% -15.1%
NIKKEI 225 27,699 -0.8% 0.6%
S&P/ASX 200 INDEX 6,790 0.0% -8.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 95.63 0.98%
Brent Crude (ICE) USD/bbl. 104.14 0.91%
Gold Spot USD/t oz. 1,715 -0.7%
Copper (Comex) USd/lb. 335 0.1%

 

The UK 100 is called to open +12 points this morning at 7318.

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +12 points this morning at 7318.  The UK 100 looks set to extend Mondays gains in early trading.  This follows a somewhat choppy session on Wall Street yesterday, The S&P added 0.1%, closing at 3,966.84. The Dow Jones climbed 90.75 points, or 0.3%, to 31,990.04. The tech-heavy Nasdaq lagged, sliding 0.4% to 11,782.67. All of the major averages are on track for their best month of the year.


 

Company News & Broker Comments:

 

Company News:

Compass Group tempered their annual exit margin forecast as rising costs push consumers and businesses to cut spending, hitting the world's largest caterer, as they now expect their exit margin to "moderate slightly" from about 7%.

 

 

EasyJet report that disruption caused by staff shortages on its aircraft and in airports cost it £133m in the three months to end of June, but it added that operations had improved in July. They reported a headline loss before tax of £114m for the quarter.

 

 

Greencore reports Q2 22 pro forma revenue of £486.2m, +26% YoY. They are confident of delivering a strong profit and cashflow progression in H2. They expect FY22 adjusted operating profit outturn to be between £72-77m.

 

 

Rolls-Royce appoints Fugan Erginbilgic as their new CEO from January 1st 2023.

 

 

Shell buys Shell Midstream for nearly $2bn from subsidiary.

 

 

Unilever posted an 8.1% increase in H1 underlying sales, beating forecasts as they hiked prices to counter soaring costs. Analysts had expected growth of 7.2%.

Broker Comments:

No new broker comments

 

Reporting Today:

Ascential

 

Compass Group

 

Drax Group

 

Games Workshop

 

Greencore

 

Mitie Group

 

Playtech

 

Unilever

 

EasyJet

 

 

 

 

 

Reporting Wednesday:

 

British American Tobacco

 

First Group

 

Fresnillo

 

GSK

 

Ibstock

 

Lancashire Holdings

 

Lloyds Banking Group

 

Reckitt Benckiser Group

 

Unite

 

Wizz Air

 

In Focus Today:

 

US Housing Price Index

 

US S&P/Case-Shiller Home Price Indices

 

US Consumer Confidence

 

US New Home Sales

 

 

This Week's Ex-Dividends:

 

FTSE 100:

SSE

 

FTSE 250:

Royal Mail

 

NB Private Equity Partners

 

Bytes Technology Group

 

Sequoia Economic Infrastructure Inc Fnd

 

Moneysupermarket.com Group

 

QinetiQ Group

 

Bankers Investment Trust

 

BlackRock Throgmorton Trust

 

Monks 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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