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Morning Report - 8 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
SAINSBURY (J) PLC 248.5 6.9%
BT GROUP PLC 146.9 4.1%
CRH PLC 3,504.0 3.6%
MONDI PLC 1,886.5 3.4%
FERGUSON PLC 9,206.0 3.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
AUTO TRADER GROUP PLC 583.4 -4.3%
BRITISH LAND CO PLC 466.9 -2.8%
RIGHTMOVE PLC 627.0 -2.8%
PEARSON PLC 682.6 -2.2%
EXPERIAN PLC 2823.0 -2.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,857 0.2% -9.5%
DOW JONES INDUS. AVG 31,041 0.7% 8.0%
DAX INDEX 13,968 0.6% 4.9%
NIKKEI 225 28,139 2.4% 21.3%
S&P/ASX 200 INDEX 6,758 0.7% -0.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 51.31 0.94%
Brent Crude (ICE) USD/bbl. 54.87 0.90%
Gold Spot USD/t oz. 1,910 -0.2%
Copper (Comex) USd/lb. 372 0.6%

 

UK 100 called to open +40 points this morning at 6896. 

1 Hour; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +40 points this morning at 6896.  Calls for a positive open this morning come on the back of a positive session stateside yesterday the Dow Jones rose above 31,000, closing at 31,041, up 212 points. The index has added 1,000 points in just 29 trading days.  The S&P 500 index also gained, 56 points to 3,804 and the Nasdaq Composite put on 327 points at 13,067.  Asian markets continued this positive trend on Friday with Japan’s Nikkei 225 594 points to the good at 28,085 and Hong Kong’s Hang Seng 210 points firmer at 27,759.

 

 

Company News:

Barratt Developments expects to resume dividends next month, after posting a 14.3% rise in forward sales for H1 as demand rebounded from COVID-19 lockdown lows. They reported total forward sales of 13,588 homes (up from 11,885 in the previous year).

 

Marks & Spencer reported another big fall in clothing and homeware sales in its Christmas quarter, hurt by the COVID-19 pandemic hitting demand and restrictions to stem the virus closing stores. Revenue in its clothing and home division slumped 25.1% in Q3, having fallen 21.3% in Q2. Food sales were up 2.2%, having increased 1.6% in Q2.

 

Marston's says it expects pubs to be closed until March as part of the latest national lockdown imposed across the country, with some restrictions to remain on reopening. They said trading was materially disrupted during the last quarter in 2020 due to pandemic-led restrictions, logging total pub revenue of £54m for the period.

 

Pets at Home sees FY underlying pretax profit of at least £77m ahead of previous guidance.

 

 

 

Reporting Today:

 

Barratt Developments

Intermediate Capital Group

 

Reporting Monday:

 

SIG

 

In Focus Today:

 

 

US Nonfarm Payrolls

German Trade Balance

Eurozone Unemployment Rate

 

Next Week's Ex Dividends:

 

UK 100:

 

SSE

Sage Group

Ashtead Group

B&M European Value Retail S.A

 

UK 250:

 

Cairn Energy

Future

Ferrexpo

BMO Commercial Property Trust

Primary Health Properties

 

 

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.


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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.


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