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Morning Report - 5 April 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
AVEVA GROUP PLC 2,533.0 4.0%
FLUTTER ENTERTAINMENT PLC-DI 9,090.0 3.9%
JD SPORTS FASHION PLC 156.1 3.5%
RIGHTMOVE PLC 657.0 3.5%
HARGREAVES LANSDOWN PLC 1,018.5 3.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
STANDARD CHARTERED PLC 501.2 -1.7%
RIO TINTO PLC 6132.0 -1.5%
AVIVA PLC 438.0 -1.5%
M&G PLC 219.7 -1.3%
NATWEST GROUP PLC 215.2 -1.2%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,559 0.3% 12.2%
DOW JONES INDUS. AVG 34,922 0.3% 5.3%
DAX INDEX 14,518 0.5% -3.9%
NIKKEI 225 27,788 0.2% -7.9%
S&P/ASX 200 INDEX 7,528 0.2% 10.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 105.10 1.76%
Brent Crude (ICE) USD/bbl. 109.38 1.72%
Gold Spot USD/t oz. 1,931 -0.1%
Copper (Comex) USd/lb. 484 1.2%

 

The UK 100 is called to open -4 points at 7555.

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -4 points at 7555.  The UK 100 looks set to slip marginally lower ahed of the open today, ahead of services industry data out today.  It was a strong showing on Wall Street yesterday, led higher by growth and tech stocks of the Nasdaq, which jumped 1.9%, ahead of the S&P 500 at 0.8% and Dow Jones at 0.3%.  Asian stocks rose to their highest in more than a month on Tuesday,

 

Company News & Broker Comments:

 

Company News:

AstraZeneca have announced positive results for its Etesian phase IIb trial, which met its primary and secondary endpoints.

 

 

Crest Nicholson intends to sign a Building Safety Pledge, as they state they will need to record a further exceptional charge in their financial statements. They do not consider this a risk to current or future operations as they reported net cash to be at £252.8m back in Oct-end.

 

 

Homeserve states they have made good progress in FY22 as performance accelerates v FY21. They expect their Home Experts division to be profitable for the first time on a FY basis.

 

 

Moonpig lifts their FY revenue expectations to £300m on strong trading, as they reiterate their medium-term adjusted EBITDA margin target of 24-25%.

 

 

Speedy Hire expects FY results to be in line with internal expectations.

 

 

Victrex names Ian Melling as their new CFO, replacing Richard Armitage.

Broker Comments:

Barclays Downgrades Lloyds to Equal Weight from Overweight (10 Buys / 6 Holds / 0 Sells)

 

Barclays Downgrades Moneysupermarket.com to Equal Weight from Overweight (9 Buys / 3 Holds / 0 Sells)

 

Barclays Downgrades Virgin Money to Equal Weight from Overweight (13 Buys / 6 Holds / 1 Sell)

 

Berenberg Downgrades Vodafone to Hold from Buy (14 Buys / 1 Hold / 0 Sells)

 

Reporting Today:

 

Homeserve

 

Moonpig

 

Reporting Tomorrow:

None

 

 

In Focus Today:

 

Japanese Overall Household Spending

 

EcoFin Meeting

 

German Markit PMI Composite

 

EU Markit PMI Composite

 

US Markit PMI Composite

 

US Markit Services PMI

 

US ISM Services PMI

 

This 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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