Finally cup week is here and a chance for the lower teams in the FTSE100 to feature and celebrate…
The weeks movement ranged from an 11% loss to an 8% gain and some of the losers got lucky:
Polymetal scored -7% yet were lucky enough to get a bye in this round. Next round they will need to time their good news releases better as they are up 9% for the month even after this weeks pullback.
British American Tobacco were -2% but faced Bunzl who hit -6% (thanks to their predicted slowdown in the second half of the year)!
Spirax-Sarco Engineering are through even after letting slip at -4% thanks to their opponent Aveva’s terrible -11%. Aveva clearly mis-timed their announcement of their CEO departure and it has cost them a cup run as their month to date was great following double digit growth.
The biggest cup scorers were:
HSBC with 8% (wasted effort when they had a bye but this comes from their forecast beating first quarter results)!
Lloyds Banking closely matched their banking rivals scoring 7%, knocking out Ferguson in the process. Lloyds and HSBC are part of a group of lenders benefitting from the UK Government guarantee scheme allowing a return to 5% deposit mortgages.
BT Group beat Antofagasta 6% to 3%. BT benefitting from the news spreading that they are looking to sell part of their sports business.
And Standard Chartered racked up 8% to progress ahead of Imperial Brands. Standard showing timing is everything by posting in this last week an 18% growth in profit in the first quarter and predicting a rise in income for the second quarter.
Every cup has it’s upsets, and here are some of the shock results:
Auto Trader Group – who started in the bottom 20 of the FTSE100 – knocked out current top spot in the league Anglo American with a -1% to -2% win.
AstraZeneca knocked out Diageo who have had a stellar run in the league recently but couldn’t keep it going for a cup performance.
GlaxoSmithKline (currently 18th in the league) faced London Stock Exchange (currently bottom of the league) in probably both of their only hopes of getting silverware this season. While GSK focussed on doing nothing (0%) LSE had every chance of proceeding but only found their own net getting -4% for the week!
Wrapping up the other FTSE20 losers – Standard Life Aberdeen took out BHP Group, Kingfisher took out Relx and WPP took out Royal Dutch Shell A.
What can SMEs take from this weeks movements?
Timing is everything!
First Round Scores
- Persimmon BYE
- Fresnillo -6.7% vs Severn Trent -0.1%
- Avast BYE
- Pearson BYE
- Associated British Foods BYE
- Ashtead Group BYE
- Polymetal BYE
- Hikma Pharma BYE
- Ocado -4.4% vs Pershing Square 0%
- Just Eat Takeaway -7.4% vs IAG 2.1%
- WPP 1.3% vs Royal Dutch Shell A 0.8%
- Coca Cola HBC AG -0.8% vs InterContinental -0.5%
- J Sainsbury -2.2% vs Flutter Entertainment -1.6%
- Pennon BYE
- British American Tobacco -2.3% vs Bunzl -5.6%
- BHP Group -1% vs Standard Life Aberdeen 1.6%
- Segro BYE
- BT Group 6.3% vs Antofagasta 3.2%
- Rio Tinto PLC -0.7% vs Morrison Supermarkets -3.3%
- DS Smith -1.2% vs BAE Systems 2.1%
- Auto Trader Group Plc -0.8% vs Anglo American -2%
- Barclays -1.8% vs National Grid -0.2%
- BP 4.4% vs Land Securities 0.1%
- HSBC BYE
- United Utilities -0.7% vs Burberry Group -0.8%
- Evraz BYE
- JD Sports Fashion 0.3% vs Phoenix -1.5%
- Intertek BYE
- Tesco -1.1% vs 3I Group 3%
- Ferguson -2.2% vs Lloyds Banking 6.7%
- Glencore -0.3% vs Rightmove -0.7%
- NatWest Group BYE
- Royal Dutch Shell B BYE
- Whitbread BYE
- Melrose Industries BYE
- Smith & Nephew 3.7% vs Schroders 1.4%
- Relx -3.8% vs Kingfisher -2.4%
- Legal & General BYE
- Informa BYE
- Berkeley BYE
- Prudential BYE
- Unilever BYE
- Rentokil BYE
- Hargreaves Lansdown BYE
- British Land Company 1.1% vs Smiths Group -1%
- Vodafone Group PLC 1.9% vs RSA Insurance 0%
- M&G 3.2% vs Croda Intl -2.8%
- Sage -1% vs DCC 0.1%
- Spirax-Sarco Engineering -3.8% vs Aveva -11.2%
- Johnson Matthey BYE
- Admiral Group -2% vs Entain -0.1%
- Diageo -1.3% vs AstraZeneca 1.3%
- Aviva -0.2% vs Mondi -1.3%
- Taylor Wimpey -4% vs Barratt Developments -1.9%
- Reckitt Benckiser BYE
- Halma BYE
- Next BYE
- Smurfit Kappa 4% vs Rolls-Royce Holdings 2%
- Experian 0.2% vs St. James’s Place 2.1%
- Standard Chartered 8.5% vs Imperial Brands 1.1%
- GlaxoSmithKline -0.2% vs London Stock Exchange -4.2%
- SSE BYE
- Intermediate Capital 4.7% vs Scottish Mortgage 0.8%
- Compass -0.8% vs CRH 0.6%
Second round fixtures – end of May
- Persimmon vs Severn Trent
- Avast vs Pearson
- Associated British Foods vs Ashtead Group
- Polymetal vs Hikma Pharma
- Pershing Square vs IAG
- WPP vs InterContinental
- Flutter Entertainment vs Pennon
- British American Tobacco vs Standard Life Aberdeen
- Segro vs BT Group
- Rio Tinto PLC vs BAE Systems
- Auto Trader Group Plc vs National Grid
- BP vs HSBC
- United Utilities vs Evraz
- JD Sports Fashion vs Intertek
- 3I Group vs Lloyds Banking
- Glencore vs NatWest Group
- Royal Dutch Shell B vs Whitbread
- Melrose Industries vs Smith & Nephew
- Kingfisher vs Legal & General
- Informa vs Berkeley
- Prudential vs Unilever
- Rentokil vs Hargreaves Lansdown
- British Land Company vs Vodafone Group PLC
- M&G vs DCC
- Spirax-Sarco Engineering vs Johnson Matthey
- Entain vs AstraZeneca
- Aviva vs Barratt Developments
- Reckitt Benckiser vs Halma
- Next vs Smurfit Kappa
- St. James’s Place vs Standard Chartered
- GlaxoSmithKline vs SSE
- Intermediate Capital vs CRH
Who is going to go all the way?
Let us know in the comments.
Until next week.