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Morning Report - 25 February 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
BP PLC 298.8 5.4%
ROLLS-ROYCE HOLDINGS PLC 111.9 4.9%
LAND SECURITIES GROUP PLC 682.6 4.1%
INTL CONSOLIDATED AIRLINE-DI 188.9 4.0%
ROYAL DUTCH SHELL PLC-B SHS 1,428.8 3.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
VODAFONE GROUP PLC 125.5 -3.4%
RENTOKIL INITIAL PLC 470.0 -2.4%
EXPERIAN PLC 2330.0 -2.2%
UNILEVER PLC 3839.0 -2.1%
OCADO GROUP PLC 2287.0 -2.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,659 0.5% -7.0%
DOW JONES INDUS. AVG 31,964 1.4% 13.4%
DAX INDEX 13,976 0.8% 7.2%
NIKKEI 225 29,672 -1.6% 26.9%
S&P/ASX 200 INDEX 6,778 -0.9% -2.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 63.22 2.51%
Brent Crude (ICE) USD/bbl. 67.00 2.49%
Gold Spot USD/t oz. 1,801 -0.2%
Copper (Comex) USd/lb. 432 3.2%

 

UK 100 is called to open +20 points this morning at 6678

1 Hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open +20 points this morning at 6678 (Also paid a 13.42 point dividend).  Calls for a positive open this morning come on the back of a very welcome bumper session in the US for traders, this was thanks in main to US officials talking down the prospect of higher interest rates.  All major indices delivered a significant bounce from Tuesdays fall, The Dow Jones added 424 points or 1.35% to close at 31,961 whilst the S&P 500 climbed 1.14% to 3,925 at the end of the session.  Tthe Nasdaq added a slightly more modest but still strong 0.99% rise to 13,597 and the small-cap focussed Russell 2000 index made the biggest gain, rising 2.38% to 2,284 by the close.  The positive sentiment continued in Asia this morning, Japan’s Nikkei gained 1.6% to 30,168 and Hong Kong’s Hang Seng moved 1.76% higher to 30,241. The Shanghai Composite added 0.6% to 3,585.

 

Company News & Broker Comments:

 

Company News:

Anglo American posted a slight fall in profits for 2020 but boosted dividends after strong commodity prices helped the diversified miner recover from coronavirus disruptions suffered in its first half. EBITDA fell 2% to $9.8bn, beating consensus of $9.4bn. They declared a final dividend of 72 cents per share, in line with its 40% payout policy and up 53% from a year earlier.

 

Aston Martin went further into the red with a £466m pre-tax loss, as sales tumbled in 2020 during a turbulent year. They maintained an outlook of around 6,000 sales to dealers in 2021.

 

BAE Systems posted a 2% rise in annual EPS, beating forecasts and guided to further growth in 2021.

 

Centrica reported a FY operating loss from continuing operations of £362m (£783 loss a year ago).

 

Evraz's 2020 net profit jumps to $858m (2019: $365m).

 

Hikma Pharmaceuticals sees higher 2021 sales and posted an increase in FY profit to $566m ($508m last year).

 

KAZ Minerals reports FY operating profit of $1.01bn.

 

Standard Chartered posted a 57% fall in annual profit missing analyst estimates on higher credit impairments due to the COVID-19 pandemic.

 

St James's Place posted a 75% surge in annual profit, helped by market makers' recovery from the COVID-19 pandemic fallout and aims for a target of more than £200bn in funds under management by the end of 2025.

 

Broker Comments:

Jefferies Upgrades Reckitt Benckiser to Hold from Underperform (7 Buys / 5 Holds / 2 Sells)

 

 

Reporting Today:

 

Anglo American

Aston Martin

BAE Systems

Centrica

Croda International

Derwent London

Drax Group

Evraz

Grafton Group

Hammerson

Hikma Pharmaceuticals

Howden Joinery Group

Inchcape

KAZ Minerals

Morgan Sindall

Petrofac

Serco

St James Place

Standard Chartered

Vistry Group

 

 

Reporting Tomorrow:

 

IMI

International Consolidated Airlines Group

JP Morgan Emerging Markets Investment Trust

Jupiter Fund Management

Pantheon International

RSA Insurance Group

Rightmove

UNITE Group

 

In Focus Today:

 

 

US Durable Goods Orders

US Nondefense Capital Goods Orders ex Aircraft

US Gross Domestic Product Annualized

EU leaders summit

German Gfk Consumer Confidence Survey

Eurozone Consumer Confidence

Eurozone Business Climate

US Initial Jobless Claims

US Fed's Williams speech

 

 

Today's Ex Dividends:

 

UK 100:

 

Diageo

Land Securities Group

Unilever

AstraZeneca

Barclays

 

 

UK 250:

 

Witan Investment Trust

Redrow

LXI REIT

Plus500

 

 

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