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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| BP PLC | 318.9 | 6.1% |
| ROYAL DUTCH SHELL PLC-A SHS | 1,335.6 | 5.6% |
| MELROSE INDUSTRIES PLC | 98.8 | 5.4% |
| ROYAL DUTCH SHELL PLC-B SHS | 1,283.4 | 5.1% |
| INFORMA PLC | 436.2 | 4.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| INTL CONSOLIDATED AIRLINE-DI | 196.0 | -3.9% |
| JD SPORTS FASHION PLC | 505.2 | -3.4% |
| NEXT PLC | 4595.0 | -3.3% |
| BARRATT DEVELOPMENTS PLC | 517.2 | -3.2% |
| SMURFIT KAPPA GROUP PLC | 2408.0 | -1.8% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 5,849 | 1.7% | -20.8% |
| DOW JONES INDUS. AVG | 23,883 | 0.6% | -9.9% |
| DAX INDEX | 10,729 | 2.5% | -13.6% |
| NIKKEI 225 | 19,619 | -2.8% | -11.9% |
| S&P/ASX 200 INDEX | 5,407 | 1.6% | -14.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 24.58 | 20.55% |
| Brent Crude (ICE) | USD/bbl. | 31.15 | 14.52% |
| Gold Spot | USD/t oz. | 1,708 | 0.4% |
| Copper (Comex) | USd/lb. | 233 | 0.8% |
Click graph to enlarge
UK 100 called to open +4 points points at 5854. This comes as stocks in Shanghai recovered to trade flat after opening modestly lower as Chinese traders came back online after a five-day break. In focus in Europe today will be the meeting of Angela Merkel and Germany's 16 state premiers to plan the reopening of Europe's largest economy. The White House is talking about disbanding its pandemic task force as the rise in new cases in the U.S. slowed to 1.9%. Gilead in talks to expand remdesivir output, the drug that reportedly showed signs in testing of reacting positively in Covid-19 patients. Crude oil lead yesterdays rally, now trading at $28 per barrel, having traded as low of $23 in the past 48 hours.
AstraZeneca announce that their drug Farxiga has been approved in the US for the treatment of heart failure in patients, with reduced ejection fraction. It is the first SGLT2 inhibitor proven to significantly reduce the risk of cardiovascular death and hospitalisation for heart failure.
Direct Line reported a 70% drop in motor insurance claims for April, as people stayed at home and drove less due to a nationwide lockdown in the UK to contain the spread of the coronavirus outbreak. They also reported a +4.7% rise in Q1 gross written premiums to £789.6m
ITV reports that the coronavirus pandemic had hit advertising, with ad revenue last month down by 42% and an uncertain outlook meant it could not give guidance for the rest of the year. They have paused the majority of their studio productions in mid-March and have withdrawn their 2019 final dividend.
Metro Bank reported a modest dip in lending in Q1 2020 and a £77m rise in total deposits to £14.6bn as customers shrugged off lower fixed term deposit rates.
Ocado state that their retail revenue soared +40.4% y-o-y in Q2 as shoppers in coronavirus lockdown sought deliveries to avoid venturing out. They expect a shift towards online grocery to accelerate post-crisis, but there remained many uncertainties about the length of the crisis and the impact on customer's dispoable income, so they have suspended its retail revenue guidance for 2020 until they can accurately forecast likely outcomes.
Smith and Nephew report that sales in April nearly halved as more patients postponed elective surgeries due to coronavirus-driven lockdowns. Revenue in Q1 2020 fell 7.6% to $1.13bn (v £1.12bn average analysts forecasts) and April sales slumped by 47%.
ITV
Smith & Nephew
BT
Trainline
Equiniti
Flutter Entetainment
Intercontinental Hotels Group
Mondi
National Express
RSA Insurance
Superdry
CN - Trade Balance
GER - Industrial Production
UK - Bank OF England Interest Rate Decision
US - Initial Jobless Claims
JP - Bank Of Japan Monetary Policy Meeting
UK 100 :
BP
Admiral Group
St. James’s Place
Polymetal International
:
GCP Infrastructure Investments
Edinburgh Investment Trust
Lancashire Holdings
Hipgnosis Songs Fund
Admiral Downgraded by Morningstar to Sell (Bloomberg: 2 Buy/ 9 Holds/ 6 Sells)
British Land Upgraded by Peel Hunt to Buy (Bloomberg: 6 Buy/ 10 Holds/ 3 Sells)
Hiscox Upgraded by Jefferies to Buy (Bloomberg: 6 Buy/ 5 Holds/ 2 Sells)
Grainger Downgraded by Peel Hunt to Add (Bloomberg: 7 Buy/ 3 Holds/ 0 Sells)
Land Securities Upgraded by Peel Hunt to Add (Bloomberg: 10 Buy/ 7 Holds/ 2 Sells)
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