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Morning Report - 12 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
JD SPORTS FASHION PLC 883.2 3.8%
PERSHING SQUARE HOLDINGS LTD 2,735.0 2.1%
ASTRAZENECA PLC 7,556.0 1.1%
B&M EUROPEAN VALUE RETAIL SA 549.8 1.0%
OCADO GROUP PLC 2,500.0 0.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
COMPASS GROUP PLC 1410.0 -4.3%
INFORMA PLC 545.4 -3.7%
LAND SECURITIES GROUP PLC 658.1 -3.7%
COCA-COLA HBC AG-DI 2350.0 -3.3%
AVAST PLC 531.0 -3.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,798 -1.1% -10.4%
DOW JONES INDUS. AVG 31,009 -0.3% 7.6%
DAX INDEX 13,937 -0.8% 3.4%
NIKKEI 225 28,164 0.1% 18.1%
S&P/ASX 200 INDEX 6,679 -0.3% -3.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 52.50 0.48%
Brent Crude (ICE) USD/bbl. 55.88 0.40%
Gold Spot USD/t oz. 1,859 0.8%
Copper (Comex) USd/lb. 361 1.4%
UK 100 called to open +10 points this morning at 6807. 

1 Hour; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +10 points this morning at 6807.  Calls for a positive open come in spite of growing investors concerns about rising coronavirus cases and the effects of restrictions, and also the delivery of Britain's worst retail sales figures in 25 years.  Stateside yesterday saw Wall Street join European markets in selling off during session, with the Dow Jones slipping 89 points or 0.3% to 31,008.69, down for the second trading day in succession.  The S&P  fell 0.7% and the tech-heavy Nasdaq fell the furthest by 1.25%, with all the FAANG stocks in the red.   Stocks in Asia-Pacific were mixed today, in China, the Shanghai composite surged 1.59% and Hong Kong’s Hang Seng index advanced 0.85%.

 

Company News:

Games Workshop Group reports sales growth +26% with online channels +87%, being driven by the phasing of government lockdown rules. They reported an operating profit (pre-royalties receivable) of £83m.

 

Kingfisher reported strong trade across its markets in Q4 with underlying sales up 16.9%. Based on trading to date, it said it was comfortable with the top end estimates for 2020-21 adjusted profit before tax of £667-742m.

 

Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names.

 

THG Group have forecast 2021 revenue to be between 30-35% higher than 2020, boosted by its Dermstore.com acquisition and a surge in online demand for its beauty products during the pandemic. Q4 revenue jumped 51% to £558.7m, ahead of its expectations.

 

Vistry Group says that FY20 Profit before Tax is expected to be at the top end of range at about £140m.

 

 

Reporting Today:

 

Auto Trader Group plc

Ferrexpo plc

JD Sports Fashion plc

Rathbone Brothers plc

THG plc

Vistry Group Plc

XP Power Limited

Games Workshop Group

 

Reporting Tomorrow:

 

Just Eat Takeaway.com NV

PageGroup plc

Persimmon plc

Sainsbury (J) plc

 

In Focus Today:

 

 

BoE's Broadbent speech

 

 

This 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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