This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| AVEVA GROUP PLC | 2,175.0 | 5.9% |
| SMURFIT KAPPA GROUP PLC | 3,413.0 | 4.3% |
| ANGLO AMERICAN PLC | 3,586.0 | 3.8% |
| MONDI PLC | 1,510.0 | 3.4% |
| SCOTTISH MORTGAGE INV TR PLC | 914.0 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| HIKMA PHARMACEUTICALS PLC | 1883.5 | -7.2% |
| VODAFONE GROUP PLC | 121.5 | -4.3% |
| NATIONAL GRID PLC | 1194.0 | -2.6% |
| NATWEST GROUP PLC | 218.0 | -2.2% |
| HARGREAVES LANSDOWN PLC | 917.2 | -2.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,545 | 0.5% | 8.3% |
| DOW JONES INDUS. AVG | 33,062 | 0.3% | -3.1% |
| DAX INDEX | 13,939 | -1.1% | -7.9% |
| NIKKEI 225 | 26,819 | -0.1% | -6.9% |
| S&P/ASX 200 INDEX | 7,316 | -0.4% | 4.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 105.12 | -0.05% |
| Brent Crude (ICE) | USD/bbl. | 107.54 | -0.04% |
| Gold Spot | USD/t oz. | 1,859 | -0.2% |
| Copper (Comex) | USd/lb. | 432 | 1.3% |
The UK 100 is called to open -70 points at 7480. The UK 100 looks set to retrace this morning, ahead of a big week of central bank action, the expectation is tomorrow No the US Federal Reserve will hike rates by 50 basis points and on Thursday the Bank of England are expected to make an increase of half that size. On Friday tech stocks led Wall Street higher, with the Nasdaq climbing 1.6%, followed by the S&P with a 0.6% rise and the Dow Jones up 0.3%.
BP's net profit for Q1 rose to $6.25bn, the highest in over a decade, on soaring oil and gas prices as the company took a $24bn charge after exiting Russia in February. BP's underlying replacement cost profit reached $6.2bn in Q1, far exceeding analysts' expectations of $4.49bn profit. The $24bn writedown of its 19.75% stake in Russian oil giant Rosneft and two other joint ventures pushed BP into a headline loss of $20.4bn in the quarter.
Card Factory swings to a FY pretax profit of £11.1m (2021: loss of £16.4m) as no dividends are to be paid for FY22. They are trading in new FY in line with expectations as they expect to be back at pre-pandemic level revenues in 2023.
CRH completes the sale of Building Envelope business in a $3.8bn deal first announced in Feb.
Wizz Air reports that their April passenger numbers are up to 3.62m v 564,643 the year before. Their April 2022 load factor up at 83.4% v 59.2% the year previously.
Berenberg Upgrades Petrofac to Buy from Hold (2 Buys / 4 Holds / 0 Sells)
HSBC Upgrades M&G to Buy from Hold (4 Buys / 6 Holds / 0 Sells)
HSBC Upgrades St James's Place to Buy from Hold (7 Buys / 7 Holds / 0 Sells)
JP Morgan Downgrades AO World to Underweight from Neutral ( 1 Buy / 5 Holds / 0 Sells)
BP
Direct Line Insurance Group
Eurogroup Meeting
German Unemployment
UK S&P Global/CIPS Manufacturing PMI
EU Unemployment
US Factory Orders
FTSE 100:
Admiral Group
Croda International
FTSE 250:
Hiscox
Hochschild Mining
GCP Infrastructure Investments
Edinburgh 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.
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.