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 |
| MONDI PLC | 1,574.5 | 4.8% |
| AVEVA GROUP PLC | 2,291.0 | 4.8% |
| ENDEAVOUR MINING PLC | 2,024.0 | 4.3% |
| SHELL PLC | 2,291.0 | 3.0% |
| AVAST PLC | 522.6 | 2.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| HIKMA PHARMACEUTICALS PLC | 1680.5 | -9.3% |
| OCADO GROUP PLC | 835.2 | -6.4% |
| ANTOFAGASTA PLC | 1442.0 | -5.1% |
| ITV PLC | 71.6 | -4.4% |
| NATWEST GROUP PLC | 211.2 | -4.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,506 | 0.2% | 7.8% |
| DOW JONES INDUS. AVG | 33,096 | -2.8% | -3.3% |
| DAX INDEX | 13,892 | -0.6% | -6.2% |
| NIKKEI 225 | 26,819 | -0.1% | -6.9% |
| S&P/ASX 200 INDEX | 7,365 | 0.8% | 4.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 108.16 | 0.32% |
| Brent Crude (ICE) | USD/bbl. | 110.87 | 0.66% |
| Gold Spot | USD/t oz. | 1,880 | -0.1% |
| Copper (Comex) | USd/lb. | 429 | -1.2% |
The UK 100 is called to open -16 points this morning at 7489. The UK 100 looks set to open modestly lower despite bloodbath yesterday on US markets and escape some of the carnage which saw a quadruple digit fall on Wall Street. Focus will quickly turn however to todays non-farm payrolls data, which will be released this afternoon. The Dow Jones crashed 1,063 points to 32,998 while the S&P collapsed 153 points to 4,147. The Nasdaq Composite was even harder hit, shedding 647 points or 5.0% at 12,318. It was a mixed session in Asia this morning, where in Japan, the memo seemed to have been missed, the Nikkei is trading 169 points higher at 26,988. In Hong Kong, however, the Hang Seng is a bit more on theme, plunging 772 points to 20,022.
Beazley report that their quarterly gross premiums written rises by 27%. They state that 2022 has started well with growth ahead of expectations in all divisions.
IAG state they have seen a strong recovery in business travel in Q1 and it expected to be profitable from Q2 onwards for the FY. The continued easing of government-imposed travel restrictions has resulted in improved travel demand, with no noticeable impact from the war in Ukraine. They reported a Q1 pretax loss of 787m euros, narrowing from a 1.07bn loss last year.
IHG signalled a sharp recovery in the hospitality sector as people gradually resume leisure and business travel after countries eased pandemic-related restrictions. Revenue per available room +61% for the three months ended March 31, as the group saw improved trading in its Americas and EMEAA regions.
Jefferies Downgrades Rathbone Brothers to Hold from Buy (6 Buys / 1 Hold / 0 Sells)
Beazley
InterContinental Hotels
International Consolidated Airlines
HgCapital Trust
Mitchells & Butlers
US Nonfarm Payrolls
FTSE 100:
BP
FTSE 250:
Inchcape
Lancashire Holdings
Greggs
Clarkson
BlackRock Smaller Companies Trust
Greencoat UK Wind
Serco Group
UK Commercial Property REIT
Petershill Partners
Fidelity Special Values
BMO Commercial Property 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.