There may be no Euro football to watch today, but you can still get your cup competition fix following Watch of The Day Cup week! Round 3 this week has knocked out another 16 from the FTSE100 companies leaving us with a final 16 competing. Who will make it all the way?
If you missed the rules and setup of Watch of The Day and Cup Week – check back on our earlier blog HERE
Back to this weeks action.
Auto Trader Group continue to drive through each round knocking out their 3rd FTSE20 competitor. Auto Trader scored a 2.8% gain while HSBC managed (or mismanaged) a 0.3% loss.
Ashtead Group gave Hikma Pharma no chance in the tie after scoring a huge 8.5% gain this week thanks to their 4th quarter earnings report beating expectations.
JD Sports Fashion also hit 8% gains in the week knocking out United Utilities who were down 2.9%. JD must have known cup week was approaching as news last week of large executive bonuses tanked their stock price and this weeks 8% recovery gain just gets them back to their same price 2 weeks ago.
M&G, who recorded a loss of 2.5%, are thanking the draw as their opponents Vodafone had a worse week down 4.1%.
Next, Lloyds, Segro and Standard Life all scored over 1% gains this week, but hard luck in the draw meant they were all beaten this week to St James Place (3%), Glencore (6.2%), Rio Tinto (4.2%) and Flutter Entertainment (2.1%) respectively.
CRH (benefitting from the increase in material costs for builders and the potential to become a US business) hit 6.1% for the week knocking out SSE in the process.
And the final results from the round were; Halma narrowly (and I mean narrowly) beat Aviva 0.3% to 0.1%, Spirax-Sarco beat Entain 2.5% gain to a 0.6% loss, Prudential and Hargreaves Lansdown both recorded losses but Prudential came out on top with 0.1% loss to a 1.6% loss, Whitbread and Melrose was another narrow hard-fought contest with Whitbread edging through 0.3% loss to 0.8% loss, Pershing Square beat InterContinental and Avast beat Persimmon.
What can SMEs take from this weeks movements?
Know who the world economy can affect your business – operationally, financially and strategically.
Third Round Scores
|Persimmon -2.2% vs Avast -0.1%|
|Ashtead Group 8.5% vs Hikma Pharma 1.3%|
|Pershing Square 0.7% vs InterContinental -2.2%|
|Flutter Entertainment 2.1% vs Standard Life Aberdeen 1.4%|
|Segro 1.6% vs Rio Tinto PLC 4.2%|
|Auto Trader Group Plc 2.8% vs HSBC -0.3%|
|United Utilities -2.9% vs JD Sports Fashion 8%|
|Lloyds Banking 1.5% vs Glencore 6.2%|
|Whitbread -0.3% vs Melrose Industries -0.8%|
|Legal & General -2.9% vs Informa -3.5%|
|Prudential -0.1% vs Hargreaves Lansdown -1.6%|
|Vodafone Group PLC -4.1% vs M&G -2.5%|
|Spirax-Sarco Engineering 2.5% vs Entain -0.6%|
|Aviva 0.1% vs Halma 0.3%|
|Next 1.8% vs St. James’s Place 3%|
|SSE -0.7% vs CRH 6.1%|
Last 16 fixtures – end of July
|Avast vs Ashtead Group|
|Pershing Square vs Flutter Entertainment|
|Rio Tinto PLC vs Auto Trader Group Plc|
|JD Sports Fashion vs Glencore|
|Whitbread vs Legal & General|
|Prudential vs M&G|
|Spirax-Sarco Engineering vs Halma|
|St. James’s Place vs CRH|
Who is going to go all the way?
Let us know in the comments.
Until next week.