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Morning Report - 31 August 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
DS SMITH PLC 268.1 2.8%
DECHRA PHARMACEUTICALS PLC 3,532.0 2.7%
ENTAIN PLC 1,279.0 2.6%
SMURFIT KAPPA GROUP PLC 2,870.0 2.4%
JD SPORTS FASHION PLC 112.3 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
NATWEST GROUP PLC 249.0 -7.9%
ENDEAVOUR MINING PLC 1659.0 -6.9%
CENTRICA PLC 76.6 -6.6%
BUNZL PLC 2924.0 -6.1%
ANTOFAGASTA PLC 1108.0 -5.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,362 -0.9% 3.4%
DOW JONES INDUS. AVG 31,791 -1.0% -10.1%
DAX INDEX 12,961 0.5% -18.2%
NIKKEI 225 28,092 -0.4% 0.0%
S&P/ASX 200 INDEX 6,987 -0.2% -7.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 92.28 0.70%
Brent Crude (ICE) USD/bbl. 100.05 0.75%
Gold Spot USD/t oz. 1,722 -0.1%
Copper (Comex) USd/lb. 358 0.8%
The UK 100 is called to open +15 points this morning at 7375. 

1 hour; 30 Days

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +15 points this morning at 7375.  A positive start is expected this morning for the UK's blue chip index after a torrid session to start the week yesterday, despite data showing food prices increased at their fastest pace since 2008 in August rising by 9.3% after a 7% increase last month.  It was a difficult session on Wall Street yesterday, the Dow Jones closed Tuesday down 308 points, or 1.0%, at 31,791, the Nasdaq Composite lost 135 points, or 1.1%, to 11,883 and the S&P 500 dipped 44 points, or 1.1%, to 3,986.  The benchmarks saw red for the third day in a row as investors continued to react to a Federal Reserve that seems increasingly likely to continue hiking interest rates.

 

 

Company News & Broker Comments:

 

Company News:

 

Anglo American says their rough diamond sales value for De Beers came in at $630m ($522m last cycle). They expect sales for the next few cycles to be affected by Diwali holidays.

Broker Comments:

Berenberg Downgrades Derwent London to Hold from Buy (8 Buys / 4 Holds / 1 Sell)
Berenberg Downgrades Great Portland Estates to Sell from Hold (6 Buys / 7 Holds / 0 Sells)
 
Berenberg Downgrades Londonmetric Property to Sell from Hold (4 Buys / 4 Holds / 0 Sells)
Berenberg Upgrades Workspace Group to Buy from Hold (3 Buys / 4 Holds / 0 Sells)

Reporting Today:

None

 

Reporting Thursday:

Kainos Group

 

In Focus Today:

Chinese NBS Manufacturing PMI

 

Chinese Non-Manufacturing PMI

 

German Unemployment Change

 

EU HICP

 

EU HICP-X F,E,A,T

 

US ADP Employment Change

 

Canadian Gross Domestic Product Annualized

 

US Chicago Purchasing Managers' Index

 

Tomorrow's Ex-Dividends:

 

 

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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