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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| PEARSON PLC | 867.8 | 14.0% |
| HARGREAVES LANSDOWN PLC | 1,788.0 | 6.3% |
| BRITISH LAND CO PLC | 464.0 | 5.2% |
| OCADO GROUP PLC | 2,883.0 | 3.4% |
| LAND SECURITIES GROUP PLC | 638.9 | 2.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 924.0 | -13.0% |
| GLENCORE PLC | 237.8 | -6.8% |
| ANGLO AMERICAN PLC | 2354.5 | -6.2% |
| EVRAZ PLC | 491.1 | -4.9% |
| AVAST PLC | 488.8 | -4.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| FTSE 100 INDEX | 6,567 | -1.3% | -11.4% |
| DOW JONES INDUS. AVG | 30,303 | -2.1% | 6.2% |
| DAX INDEX | 13,620 | -1.8% | 3.2% |
| NIKKEI 225 | 28,635 | 0.3% | 23.3% |
| S&P/ASX 200 INDEX | 6,781 | -0.7% | -3.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 52.85 | 0.46% |
| Brent Crude (ICE) | USD/bbl. | 55.58 | -0.59% |
| Gold Spot | USD/t oz. | 1,844 | 0.0% |
| Copper (Comex) | USd/lb. | 356 | -1.7% |
Click graph to enlarge
UK 100 called to open -75 points this morning at 6493. Markets are called significantly lower today as the Reddit ‘army’ of retail investors played havoc during yesterdays session, squeezing short-selling hedge funds by buying up Gamestop and ANC stock, this sent shockwaves through stock markets. Hedge funds are believed to have lost billions of dollars and triggered a major liquidity event and a market wide stock sell-off as margin calls and trading positions were shut-out. Yesterday on Wall Street, the Dow Jones slumped 633 points or 2.05% to 30,303 whilst the S&P 500 ditched 2.57% to 3,750 and the Nasdaq shed 2.61% to finish Wednesday at 12,270. In Asia overnight the sell off continued, Japan’s Nikkei lost 1.53% to close at 28,187 and the Hang Seng was the biggest faller, giving up 2.39% to trade sharply lower at 28,597. The Shanghai Composite gave up 1.96% to 3,503.
Anglo American has trimmed its production guidance for diamonds in 2021 owing to operational challenges. Copper production climbed 6% to 168,000 tonnes in Q4, while diamond output slipped 14% and iron ore fell 11%.
Britvic says that their Q1 continues to be hurt by Covid restrictions as total revenue was down 5.8% YoY to £328.1m.
De La Rue expects their FY20 adjusted operating profit to be in the range of £36-37m.
Diageo reports H1 net sales of £6.9bn, down 4.5% YoY. They have also increased their interim dividend by 2% to 27.96p per share.
EasyJet report that their Q1 performance was in line with expectations, as passengers were down 87% on previous year to 2.9m. Revenue was down 88% to £165m. They expect to fly no more than 10% of Q2 2019 capacity in Q2 2021.
Fevertree says that their total FY revenue was down 3% to £252.1m from £260.5m YoY.
GB Group names Aveva's Finance director David Ward as their new CFO.
St James's Place reported that their Dec 31 funds under management increased to £129.34bn (2019: £116.99bn). They had net inflows of £2.29bn v £2.44bn in the previous year. They state that their operating environment will continue to be challenging.
Tate & Lyle reports that their Q4 2020 revenue to be 8% ahead of comparative period.
Wizz Air says their Q3 passengers were 2.3m, down 77% from restated 10m YoY of which they reported a net loss of 116.4m euros.
Jefferies Upgrades Aveva Group to Buy from Hold ( 7 Buys / 6 Holds / 0 Sells)
Morgan Stanley Downgrades Pets at Home to Underweight ( 5 Buys / 4 Holds / 0 Sells)
Easyjet
Wizz Air
Intermediate Capital Group
St James Place
Evraz
Diageo
Paragon Banking Group
German Harmonised Index of Consumer Prices
US Gross Domestic Product
Eurozone Consumer Confidence
Eurozone Business Climate
US Initial Jobless Claims
UK 100:
Pennon Group
UK 250:
Paragon Banking Group
Victrex
City of London Investment Trust
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