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This report is issued by Clear Capital Markets Ltd of 12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, which is authorised and regulated by the Financial Conduct Authority, No. 706689. Trading in equities may not be suitable for all investors. The value of investments and any income from them can fall as well as rise, and you may get back less than you invested. An investment’s past performance is not a reliable indicator of future performance. Tax allowances depend on your personal circumstances and the benefits of tax-efficient accounts could change in the future. Before you begin to trade, you should obtain details of all commissions and other charges. You should make sure you can afford any potential losses before you begin to trade. Make sure you fully understand the risks involved and seek professional financial advice is necessary. If you are in any doubt, please seek further independent advice. Any person placing reliance on the report to undertake trading does so entirely at their own risk and CCM does not accept any liability as a result. Information and research produced by CCM does not constitute a recommendation or offer to make a transaction in any derivatives or securities, and is intended to be general in nature. This report is prepared and distributed for information purposes only.