Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 10 December 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
JUST EAT TAKEAWAY 8,058.0 7.0%
KINGFISHER PLC 274.7 4.3%
BT GROUP PLC 139.0 3.6%
NATIONAL GRID PLC 900.8 3.3%
DCC PLC 5,606.0 3.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
CRH PLC 3006.0 -2.8%
FRESNILLO PLC 1131.0 -2.2%
ASSOCIATED BRITISH FOODS PLC 2251.0 -1.8%
POLYMETAL INTERNATIONAL PLC 1669.0 -1.8%
3I GROUP PLC 1141.0 -1.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,577 0.3% -8.7%
DOW JONES INDUS. AVG 30,106 -0.2% 7.9%
DAX INDEX 13,348 0.5% 2.3%
NIKKEI 225 26,818 1.3% 14.5%
S&P/ASX 200 INDEX 6,728 0.6% 0.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 45.44 -0.35%
Brent Crude (ICE) USD/bbl. 48.78 -0.12%
Gold Spot USD/t oz. 1,847 -1.2%
Copper (Comex) USd/lb. 351 0.4%

 

UK 100 called to open +30 points this morning at 6587.

4 Hours; 23 days

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +30 points this morning at 6587.  Calls for a slightly positive open come  today after Boris Johnson and his EU counterpart Ursula von der Leyen failed to make any substantial progress on Brexit talks last night.  Stateside yesterday on Wall Street saw stock indices all fall on Wednesday as Republicans and Democrats continue to debate an evidently much needed economic stimulus package.  The Dow Jones was down 105 points or 0.35% to close at 30,068 whilst the S&P 500 gave up 0.79% to finish the session at 3,672.  The Nasdaq fell furthest, losing 243 points or 1.94% to finish Wednesday at 12,338.  In Asia, Japan’s Nikkei was trading 61 points or 0.23% lower at 26,756 whilst Hong Kong’s Hang Seng slipped 134 points or 0.51% to 26,371. The Shanghai Composite

Company News:

DS Smith posts a 54% drop in HY profit, hurt by lower prices for boxes and weak industrial demand although the company has decided to resume its dividend payout. Profit before tax fell to £97m and they declared an interim dividend of 4p per share.

 

FirstGroup swung to an adjusted HY pretax loss of £73.3m (2019: £19.9 profit), hurt by continued pressure on its UK rail and bus divisions as restrictions related to the pandemic prolonged the travel slump.

 

Frasers Group reported a 25% rise in H1 core earnings and raised its annual forecast, boosted by online sales and store reopenings after lockdowns. They reported EBITDA of £226.3m (2019: £181.2m).

 

Marston's posted an annual loss as they warned that the winter months would be both challenging and uncertain with 780 of its pubs remaining closed. They reported an underlying pretax loss of £22m (2019: £95.1m profit).

 

Ocado have raised their core earnings forecast for 2019-20 for the second time in two months after sales at its retail joint venture with Marks & Spencer rose 34.9% in Q4. Their forecast for FY EBITDA of over £70m was higher than their original forecast of over £60m (2019: £43.3m).

 

 

Reporting Today:

 

 

Ocado Group plc

DS Smith

Martsons

On the Beach Group

 

 

Reporting Tomorrow:

 

 

Bellway

 

 

In Focus Today:

 

European Council Meeting

ECB Interest Rate Decision

US Consumer Price Index ex Food & Energy

ECB Monetary Policy Statement and Press Conference

UK Manufacturing Production

UK Industiral Production

US Initial Jobless Claims

 

 

Tomorrrow's Ex Dividends:

 

UK 100:

 

Aviva

Intermediate Capital Group

Homeserve

 

UK 250:

 

Ninety One

TR Property Investment Trust

XP Power

 

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.