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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| FERGUSON PLC | 6,186.0 | 4.1% |
| NEXT PLC | 6,320.0 | 2.2% |
| IMPERIAL BRANDS PLC | 1,860.0 | 1.7% |
| PEARSON PLC | 750.0 | 1.6% |
| RIGHTMOVE PLC | 558.6 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| HARGREAVES LANSDOWN PLC | 2006.0 | -3.5% |
| BURBERRY GROUP PLC | 2109.0 | -3.0% |
| ROYAL BANK OF SCOTLAND GROUP | 201.5 | -2.9% |
| GLENCORE PLC | 238.0 | -2.8% |
| ST JAMES’S PLACE PLC | 953.6 | -2.6% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,360 | -0.7% | -1.5% |
| DOW JONES INDUS. AVG | 26,573 | -1.3% | -0.8% |
| DAX INDEX | 12,264 | -1.3% | -0.2% |
| NIKKEI 225 | 21,779 | -0.5% | -10.2% |
| S&P/ASX 200 INDEX | 6,640 | -1.5% | 8.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 54.22 | 1.12% |
| Brent Crude (ICE) | USD/bbl. | 59.34 | 0.76% |
| Gold Spot | USD/t oz. | 1,475 | -0.3% |
| Copper (Comex) | USd/lb. | 257 | 0.4% |
Click graph to enlarge
UK 100 called to open down 35 points at 7325; this muted open comes on the back of US Stocks dropping on Tuesday, after disappointing manufacturing data stoked worries over the U.S. economy (the weakest manufacturing data in a decade saw The Dow Jones close 343.79 points lower, or 1.3% at 26,573.04 after rallying more than 100 points earlier in the day. This fresh data has led to the fed funds futures market now points to a 64.7% chance of a quarter-point rate cut at the Fed’s October meeting. Geopolitical tensions continued to rumble on overnight after North Korea “may” have fired a missile from a submarine & protests continued in Hong Kong, raising fears of China now being forced to take a much harder line. This side of the pond in focus today will be The U.K. PM set to issue an ultimatum to the EU today: Negotiate Brexit on his terms within the next nine days or face a no-deal divorce. A key EU player has already rejected the plan. Oil prices remained steady overnight at $60 a barrel, while gold has come off yesterday’s lows to settle at $1476.
Inchcape announces that it has agreed to sell 3 retail sites in China for £54m.
National Grid confirms that Massachusetts Department of Public Utilities has approved a 5 year rate plan with a revenue increase of $38m.
Tesco announce that their CEO Dave Lewis will step down. He will leave the business next year and will be succeed by Ken Murphy. They reported better-than-expected H1 2019 profit of £1.4bn (+25.4% v 2018).
WizzAir grows passenger numbers in September by 20% to 3.8m, with load factor increasing by 0.5PPTs to 94.5%.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Marks and Spencer downgraded to hold by Peel Hunt (Bloomberg: 4 buys/ 10 holds/ 12 sells)
Hastings Group downgraded to Underperform by RBC Capital Markets (Bloomberg: 10 buys/ 4 holds/ 3 sells)
UK Markit Construction PMI
US ADP Employment Change
Tesco, Wizz Air
Ted Baker
(Full list available on Week in advance)
DS Smith - 3.2%
Taylor Wimpey - 2.4%
WPP - 2.3%
British American Tobacco - 1.8%
Hays - 5.6%
(Full list available on Week in advance)
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