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Morning Report - 4 April 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
RECKITT BENCKISER GROUP PLC 6,010.0 3.1%
ANGLO AMERICAN PLC 4,069.5 2.4%
RIO TINTO PLC 6,225.0 2.4%
SAGE GROUP PLC/THE 717.8 2.4%
HOWDEN JOINERY GROUP PLC 781.0 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
ELECTROCOMPONENTS PLC 1048.0 -3.3%
COMPASS GROUP PLC 1596.0 -3.3%
HARGREAVES LANSDOWN PLC 985.2 -2.3%
FERGUSON PLC 10180.0 -1.9%
COCA-COLA HBC AG-DI 1569.5 -1.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,538 0.3% 11.9%
DOW JONES INDUS. AVG 34,818 0.4% 5.0%
DAX INDEX 14,446 0.2% -4.4%
NIKKEI 225 27,736 0.3% -7.1%
S&P/ASX 200 INDEX 7,514 0.3% 10.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 100.32 1.06%
Brent Crude (ICE) USD/bbl. 105.50 1.06%
Gold Spot USD/t oz. 1,922 -0.2%
Copper (Comex) USd/lb. 471 0.4%
The UK 100 is called to open +32 points at 7569.

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +32 points at 7569.  The UK’s blue-chip index of stocks looks set to open in the green, despite threats of even harsher sanctions on Russia amid war crime claims weighing on sentiment.  Asia  markets were higher on Monday with Hong Kong’s Hang Seng index leading gains among the major markets.  The Hang Seng index surged 1.92% while markets in mainland China are closed on Monday and Tuesday for holidays.  Japan's Nikkei 225 gained 0.09% and South Korea’s Kospi rose 0.57%.

 

Company News & Broker Comments:

 

Company News:

Aviva names Charlotte Jones as their new CEO effective September 5th.

 

 

Ryanair says March traffic rises to 11.2m guests vs 0.5m in 2021, as they now expect a loss of 350-400m euros (250-450m previous guidance). They state that FY traffic has recovered strongly to over 97m passengers from 27.5m in FY21.

 

 

Shell: The Dutch government is expected to compensate NAM (a joint venture between Shell and Exxon) around 7.5bn euros for filling the Norg gas facility the past three years.

 

 

Wizz Air carries 2.5m passengers in March vs 480,203 YoY.

Broker Comments:

Barclays Downgrades Aviva to Equal Weight from Overweight (8 Buys / 4 Holds / 0 Sells)

 

Barclays Upgrades Just Group to Overweight from Equal Weight (2 Buys / 3 Holds / 1 Sell)

 

Deutsche Bank Upgrades Kingfisher to Buy from Hold (2 Buys / 10 Holds / 1 Sell)

 

Reporting Today:

 

None

 

Reporting Tomorrow:

Homeserve

Moonpig

 

 

In Focus Today:

 

Eurogroup Meeting

 

German Trade Balance

 

BoE's Mann speech

 

US Factory Orders

 

Next Week's Ex-Dividends:

 

FTSE 100:

Abrdn

Aviva

Lloyds Banking Group

Mondi

Smurfit Kappa Group

Barratt Developments

Howden Joinery Group

Smith (DS)

Smiths Group

Rentokil Initial

Melrose Industries

 

FTSE 250:

Direct Line Insurance Group

Savills

Vistry Group

TP ICAP Group

Quilter

Man Group

Grafton Group

International Public Partnerships

Domino's Pizza Group

Harbour Energy

Murray International Trust

Rotork

VinaCapital Vietnam Opportunity Fund

IMI

F&C Investment Trust

Softcat

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