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Morning Report - 14 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
OCADO GROUP PLC 2,560.0 2.9%
NEXT PLC 7,888.0 2.8%
PENNON GROUP PLC 974.6 2.7%
SMITH & NEPHEW PLC 1,573.5 2.6%
SAINSBURY (J) PLC 241.4 2.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
PERSIMMON PLC 2651.0 -4.8%
JUST EAT TAKEAWAY 8672.0 -4.4%
INTL CONSOLIDATED AIRLINE-DI 152.5 -3.4%
ROLLS-ROYCE HOLDINGS PLC 105.0 -2.6%
STANDARD CHARTERED PLC 498.6 -2.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,749 -0.1% -11.3%
DOW JONES INDUS. AVG 31,044 -0.1% 7.4%
DAX INDEX 13,961 0.3% 3.5%
NIKKEI 225 28,457 1.0% 19.3%
S&P/ASX 200 INDEX 6,687 0.1% -3.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 53.34 0.24%
Brent Crude (ICE) USD/bbl. 56.50 -0.14%
Gold Spot USD/t oz. 1,860 0.3%
Copper (Comex) USd/lb. 363 0.6%
UK 100 called to open +20 points this morning at 6764. 

1 Hour; 29 Days

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +20 points this morning at 6764.   Calls for a positive open today come despite the latest figures showing a record number of UK Covid deaths.  It appears traders are willing to look beyond the short term impact to the markets of the pandemic.  Yesterday saw a mixed session on Wall Street, the Dow Jones closed marginally lower, by 0.02% to finish Wednesday’s session at 31,060.  The S&P saw modest gains of 0.23% gain as it closed at 3,809 and the Nasdaq was the best performing index adding 0.43% as it ended the trading day at 13,128.  The small-caps Russell 2000 index, meanwhile was the biggest faller, dropping by 0.75% to finish Wednesday at 2,111.  In Asia, Japan’s Nikkei this morning notched up gains of 241 points or 0.85% to trade at 28,698 whilst Hong Kong’s Hang Seng moved up 0.59% to 28,426.  The Shanghai Composite index went the other way and traded negatively, down 0.8% at 3,569.

 

Company News:

Associated British Foods warned that the loss of sales from store closures due to lockdowns could rise to over £1bn, as it downgraded annual profit expectations.

 

Boohoo has raised its annual revenue target after a strong Christmas holiday season, with the tightening of UK coronavirus curbs again pushing households to shop more online. They expect revenue growth of 36-38%, up from prior forecast of 28-32%.

 

Centrica expects their 2020 net debt to be around £2.8bn, a reduction of more than 10% on the year. They sounded a note of caution on 2021 prospects, owing to the return of tighter coronavirus restrictions in Britain and Ireland and their effect on business energy demand.

 

Halfords posts strong trading performance across the quarter with group like-for-like sales growth of 11.7%.

 

Hays sees Q2 net fees slide 19% and says that it is too early to quantify the impact of new lockdowns in the UK and Europe.

 

Taylor Wimpey says 2020 results are to be in line with market forecast.

 

Tesco followed rivals in reporting buoyant Christmas trading, as pandemic restrictions meant people splashed out on celebrations at home. They reported like-for-like sales growth in Q3 of 6.7%. They maintained guidance for 2020-21 retail operating profit of at least the same level as 2019-20.

 

Whitbread has completed the restructuring of its hotel and restaurant operations, leading to around 1,500 job cuts, much lower than the 6,000 it had expected. UK accommodation sales were down 55.2% in the last quarter and they also expect current travel restrictions to remain until at least the end of its fiscal year.

 

 

Reporting Today:

 

Ashmore Group plc

Dunelm Group Plc

Hays

Network International Holdings

Tesco

Whitbread plc

Wood Group (John) Plc

Blue Prism plc

Safestore Holdings

Titon Holdings plc

Boohoo

Taylor Wimpey

 

 

Reporting Tomorrow:

 

None

 

In Focus Today:

 

 

US Retail Sales

Chinese Trade Balance

US Initial Jobless Claims

 

 

Today'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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