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 |
| Kingfisher PLC | 322.9 | 11.2% |
| Easyjet PLC | 517.4 | 6.2% |
| Jd Sports Fashion PLC | 160.3 | 3.9% |
| International Consolidated Airlines Group S.A. | 206.4 | 3.4% |
| Burberry Group PLC | 605.2 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| British American Tobacco PLC | 2900.0 | -2.4% |
| Hikma Pharmaceuticals PLC | 1915.0 | -2.0% |
| Bae Systems PLC | 1309.8 | -1.9% |
| Pearson PLC | 1040.0 | -1.7% |
| Melrose Industries PLC | 1609.5 | -1.4% |
| Major World Indices | Price | % Chg | 1 Year |
| FTSE 100 INDEX | 8,310 | 0.4% | 7.8% |
| DOW JONES INDUS. AVG | 41,552 | -0.2% | 20.4% |
| DAX INDEX | 18,726 | 0.5% | 17.8% |
| NIKKEI 225 | 36,203 | -1.0% | 8.0% |
| S&P/ASX 200 INDEX | 8,141 | 0.2% | 12.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 71.37 | 1.83% |
| Brent Crude (ICE) | USD/bbl. | 73.85 | 1.51% |
| Gold Spot | USD/t oz. | 2,571 | -0.5% |
| Copper (Comex) | USd/lb. | 427 | 0.0% |
Click graph to enlarge
The UK 100 called to open -14 points at 8,295. The UK 100 looks set to open slightly lower this morning coming off the back of a strong session yesterday, Kicking off a big day on the macroeconomic front, yearly UK inflation came in at 2.2%, squarely hitting the market forecasts. Core inflation, which strips out the food and energy sectors, came in slightly hot at 3.6% against the 3.5% forecast, while the retail price index also came in slightly hot.
It was a mixed session all Wall Street yesterday, as investors awaited this evenings Federal Reserve interest rate decision. the S&P closed higher by 0.03% at 5,634.58, after earlier touching an all-time high of 5,670.81. The Dow Jones inched down 15.9 points, or 0.04%, to close at 41,606.18. The 30-stock index also hit a fresh record during the session. The Nasdaq advanced 0.2% and ended at 17,628.06.
Markets in Asia this morning traded broadly higher with the Japanese Nikkei, the S&P/ASX in Australia and South Korea’s Kospi all traded higher.
AstraZeneca‘s Fasenra, used for the treatment of adult patients with eosinophilic granulomatosis has been approved in the US for eosinophilic granulomatosis with polyangiitis. New indication supported by the MANDARA trial which showed nearly 60% of patients achieved remission and 41% of patients fully stopped taking oral corticosteroids
Legal & General Group today announces that it has agreed the sale of the UK house builder CALA Group for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital.
Games Workshop Group announces that trading for the three months to 1 September 2024 has been in line with the Board’s expectations.
PZ Cussons reported a 10.6% drop in revenue to £527.9m for the year ended 31 May on Wednesday, with a significant impact from the devaluation of the Nigerian naira. Despite that, like-for-like revenue grew by 4.4%, driven by price increases in Nigeria, although overall profit before tax fell 39.7% to £44.7m. The company said it was continuing its strategic focus on portfolio transformation, including plans to sell its St Tropez business and potential divestment of its Africa operations, while also seeing positive revenue growth early in the new financial year.
Goldman Sachs Downgrades Whitbread to Hold from Buy (14 Buy / 4 Hold/ 0 Sell)
UK
Foresight Solar Fund*
Moonpig Group
PZ Cussons
Supermarket Income REIT*
US
None
UK
Next
City of London Investment Trust
Close Brothers Group
European Opportunities Trust*
US
FedEx
UK Consumer Price Index
UK Producer Price Index
UK Retail Price Index
EU Core Harmonized Index of Consumer Prices
US Building Permits
US Housing Starts
Fed Interest Rate Decision
Fed Monetary Policy Statement
FOMC Economic Projections
US Interest Rate Projections – 1st year
US Interest Rate Projections – 2nd year
US Interest Rate Projections – 3rd year
US Interest Rate Projections – Current
US Interest Rate Projections – Longer
FOMC Press Conference
UK 100 companies going ex-dividend on 19th September 2024:
Unite Group
UK 250 companies going ex-dividend on 19th September 2024:
Crest Nicholson Holdings
Foresight Group Holdings
Bridgepoint Group
IG Group Holdings
Drax Group
Essentra
Fidelity European Trust
PPHE Hotel Group
Energean
Patria Private Equity 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.