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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| FLUTTER ENTERTAINMENT PLC | 6,838.0 | 11.5% |
| HALMA PLC | 2,094.0 | 3.2% |
| JD SPORTS FASHION PLC | 620.0 | 2.9% |
| SMURFIT KAPPA GROUP PLC | 2,537.0 | 2.9% |
| AUTO TRADER GROUP PLC | 554.0 | 2.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg | |
| ANGLO AMERICAN PLC | 2220.0 | -2.0% | |
| BP PLC | 546.3 | -1.7% | |
| NMC HEALTH PLC | 2454.0 | -1.1% | |
| GLENCORE PLC | 276.9 | -1.0% | |
| CENTRICA PLC | 89.1 | -0.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,609 | 0.7% | 0.5% |
| DOW JONES INDUS. AVG | 26,966 | 0.7% | 11.6% |
| DAX INDEX | 12,616 | 0.7% | 2.4% |
| NIKKEI 225 | 21,702 | 0.3% | -0.1% |
| S&P/ASX 200 INDEX | 6,718 | 0.5% | 8.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.61 | -1.27% |
| Brent Crude (ICE) | USD/bbl. | 63.03 | -1.24% |
| Gold Spot | USD/t oz. | 1,414 | -0.4% |
| Copper (Comex) | USd/lb. | 268 | -0.3% |
UK 100 called to open +10pts at 7619; Following on from yesterday’s continued market buoyancy and seeing fresh 10 month highs hit on the UK 100 as Sterling Weakens, assisting those Dollar reporting stocks. Stateside the Dow Jones blasted through record highs on heightened Fed interest rate cut expectations, with the U.S closed today for Independence Day will we see this positive rhetoric carry on through to European trading sessions? Overnight gold bounced from a fall towards the $1400 level to recover back to $1420.
In corporate news this morning:
Persimmon first half build rate remains robust with new home inventories +19%. Total revenues -4.4% due to delays (active outlets -8%) with legal completions -6% and average selling price +0.5%. 2018 underlying housing operating margin of 30.8% good guide for first half 2019. FY volumes expected lower due to focus on customer service.
AB foods Q3 revenues +3% YoY. Excluding sugar sales, growth from continuing business +4% at constant currency and actual exchange rates. Expects good profit growth in Primark and, on an underlying basis, in Grocery. Continue to expect FY profit decline in Sugar. Outlook unchanged.
Great Portland Estates says rent from new leases rose in Q1, as vacancy rate declined.
Spirax-Sarco downgraded to Sell by Goldman Sachs.
Burberry upgraded to Outperform by Mainfirst bank.
In focus today:
US Independence Day - Markets closed
Eurozone Retail sales data (9.00am)
Dividend reactions - IAG (9%) Coca-Cola HBC (7%) Babcock (5%)
Results Reactions - AB foods, Persimmon
Tomorrow’s Results - look out for Ferrexpo’s results tomorrow!
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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.
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Prepared by Michael van Dulken, Head of Research