Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 28 June 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
ANTOFAGASTA PLC 1,223.0 3.3%
STANDARD CHARTERED PLC 605.8 2.8%
PRUDENTIAL PLC 1,009.0 2.3%
SEVERN TRENT PLC 2,853.0 2.3%
UNITED UTILITIES GROUP PLC 1,035.0 2.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
ABRDN PLC 166.9 -2.4%
BURBERRY GROUP PLC 1664.0 -2.0%
BT GROUP PLC 185.0 -1.9%
OCADO GROUP PLC 860.0 -1.2%
SAGE GROUP PLC/THE 641.6 -0.7%
Major World Indices Price % Chg 1 YEAR
FTSE 100 INDEX 7,258 0.7% 1.7%
DOW JONES INDUS. AVG 31,438 -0.2% -8.7%
DAX INDEX 13,186 0.5% -15.5%
NIKKEI 225 26,871 1.4% -7.5%
S&P/ASX 200 INDEX 6,706 1.9% -8.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 109.81 2.03%
Brent Crude (ICE) USD/bbl. 115.34 1.96%
Gold Spot USD/t oz. 1,823 -0.2%
Copper (Comex) USd/lb. 376 0.5%
The UK 100 is called to open +42 points this morning at 7315. 

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +42 points this morning at 7315. Economic concerns are still dragging on equities, but oil companies are expected to pull the index higher after jawboning at the G7 revealed little prospect for crude prices to come down soon. Wall Street finished in the red yesterday with a 0.3% decline for the S&P and a 0.2% drop for the Dow Jones.

 

Company News & Broker Comments:

 

Company News:

Barclays' US investment bank passes US Fed stress tests.
Croda are to invest £58m into lipid systems capability.
GlaxoSmithKline submits application to Japanese regulator for shingles treatment Shingrix.
Petrofac reports that its HY trading was in line with expectations, as an upswing in oil prices raised demand. They have forecast annual core profit margin for its asset solutions unit to be around 5-6%, in line with its previous outlook.
SSE thermal and Equinor buy Triton Power Holdings for £341m.
Wise report a FY22 pretax profit of £43.9m (2021: £41.1m) as they expect 30-35% revenue growth in FY23.

Broker Comments:

JP Morgan Downgrades Severn Trent to Underweight from Neutral (1 Buy / 9 Holds / 1 Sell)

 

Reporting Today:

 

Biffa

 

Carnival*

 

Petrofac

 

 

Reporting Tomorrow:

 

B&M European Value Retail

 

Moonpig Group

 

In Focus Today:

 

German Gfk Consumer Confidence Survey

 

US Housing Price Index

 

US S&P/Case-Shiller Home Price Indices

 

US Consumer Confidence

 

Japanese Retail Trade s.a

 

This Week's Ex-Dividends:

 

FTSE 100:

B&M European Value Retail S.A.

 

Burberry Group

 

FTSE 250:

Caledonia Investments

 

Tate & Lyle

 

F&C Investment Trust

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.