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Morning Report - 6 May 2022

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

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

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.

 

Company News & Broker Comments:

 

Company News:

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.

Broker Comments:

 

Jefferies Downgrades Rathbone Brothers to Hold from Buy (6 Buys / 1 Hold / 0 Sells)

 

Reporting Today:

 

Beazley

 

InterContinental Hotels

 

International Consolidated Airlines

 

Reporting Monday:

 

HgCapital Trust

 

Mitchells & Butlers

 

 

In Focus Today:

US Nonfarm Payrolls

 

 

Next Week's Ex-Dividends:

 

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.


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