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 |
| BARRATT DEVELOPMENTS PLC | 650.0 | 4.6% |
| M&G PLC | 198.8 | 4.3% |
| JD SPORTS FASHION PLC | 845.0 | 3.7% |
| HARGREAVES LANSDOWN PLC | 1,501.5 | 3.7% |
| SEGRO PLC | 940.0 | 3.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| BUNZL PLC | 2385.0 | -3.7% |
| STANDARD CHARTERED PLC | 470.5 | -1.9% |
| COMPASS GROUP PLC | 1414.5 | -1.5% |
| HSBC HOLDINGS PLC | 397.0 | -1.4% |
| SMURFIT KAPPA GROUP PLC | 3434.0 | -1.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 6,571 | 0.9% | -12.7% |
| DOW JONES INDUS. AVG | 30,155 | -0.2% | 6.7% |
| DAX INDEX | 13,566 | 1.5% | 2.1% |
| NIKKEI 225 | 26,807 | 0.2% | 11.4% |
| S&P/ASX 200 INDEX | 6,757 | 1.2% | -1.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 48.48 | 1.38% |
| Brent Crude (ICE) | USD/bbl. | 51.75 | 1.31% |
| Gold Spot | USD/t oz. | 1,871 | 0.4% |
| Copper (Comex) | USd/lb. | 359 | 1.0% |
UK 100 called to open +30 points this morning at 6600. A positive open is expected today as hopes of Brexit trade deal and a US stimulus package to help businesses and households hit by the Covid-19 economic crisis. Paired with US Federal Reserve’s decision yesterday to keep buying bonds at a rate of at least $120 billion a month until real progress had been made in the economy saw mixed to positive results on Wall Street yesterday, The Dow Jones finished Wednesday down 44 points, or 0.15%, at 30,154 whilst the S&P 500 edged 0.18 into positive territory as it closed at 3,701. The Nasdaq Composite was stronger, slightly, as it ended the session up 0.5% at 12,658. Asia-Pacific shares were mostly higher today, the Shanghai composite gaining 1.04% while the Hang Seng index in Hong Kong rose 0.30%. In Japan, the Nikkei 225 was 0.18% higher.
G4S: Security firm GardaWorld have said that its cash offer for G4S will remain open for acceptance until Jan 6th even as G4S last week agreed to be acquired by U.S. firm Allied Universal.
Serco expects revenue and profit to rise slightly in 2021, benefiting from its acquisition of a cleaning and maintenance provider in Australia, while the British outsourcer kept its 2020 forecast unchanged. Their finance chief Angus Cockburn will step down and be replaced by Nigel Crossley.
Talktalk have agreed a £1.1bn takeover by a combination of its shareholder Toscafund and private-equity investor Penta. Kate Ferry their CFO has stepped down.
WPP expects to return to 2019 levels of underlying growth by 2022 by cutting costs, investing in technology, and making targeted acquisitions. Net sales have fallen 6.7% in the two months to November, an improvement on the 7.6% drop in the previous quarter. They will also resume its share buyback in 2021 and intends to grow its dividend with a pay-out ratio of around 40% of headline EPS.
Watches of Switzerland
None
BoE Interest Rate Decision
Eurozone Consumer Price Index
US Jobless Claims
US COVID-19 Vaccine announcement
UK 100:
Vodafone Group
Morrison (Wm.) Supermarkets
British American Tobacco
United Utilities Group
UK 250:
Britvic
Sirius Real Estate
Games Workshop Group
Cranswick
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.