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 | 732.6 | 7.1% |
| PERSIMMON PLC | 2,895.0 | 6.8% |
| INTL CONSOLIDATED AIRLINE-DI | 216.5 | 6.8% |
| BT GROUP PLC | 134.4 | 6.8% |
| TAYLOR WIMPEY PLC | 175.9 | 6.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| AVAST PLC | 451.0 | -2.8% |
| SCOTTISH MORTGAGE INV TR PLC | 1162.0 | -2.7% |
| SEVERN TRENT PLC | 2168.0 | -2.5% |
| SSE PLC | 1301.5 | -2.3% |
| NATIONAL GRID PLC | 810.2 | -2.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 6,675 | 0.9% | -0.6% |
| DOW JONES INDUS. AVG | 31,450 | 0.2% | 21.4% |
| DAX INDEX | 14,080 | 0.3% | 17.5% |
| NIKKEI 225 | 29,559 | 0.5% | 40.2% |
| S&P/ASX 200 INDEX | 6,818 | 0.8% | 5.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 61.39 | 2.74% |
| Brent Crude (ICE) | USD/bbl. | 64.18 | 2.36% |
| Gold Spot | USD/t oz. | 1,716 | -1.3% |
| Copper (Comex) | USd/lb. | 413 | -2.1% |
Click graph to enlarge
UK 100 is called to open -45 points this morning at 6630 (18 point dividend paid). Calls for a weaker open come as the bond sell off continues, weighing on sentiment as concerns grow over inflation It was a tough trading day stateside yesterday, the Dow Jones closed 121 points or 0.39% lower at 31,270 whilst the S&P 500 gave up 1.31% to finish the day at 3,819 and the Nasdaq fell farthest, losing 2.70% to 12,997 at the end of trading. Asian indices were similarly lower overnight. Japan’s Nikkei dropped 628 points or 2.13% to 28,930 and Hong Kong’s Hang Seng slipped 2.4% to 29,162, whilst the Shanghai Composite chalked up a 2.4% decline to 3,492.
Admiral Group posted higher FY earnings as it paid out fewer claims relating to car repairs and accidents, with repeated coronavirus lockdowns in the UK keeping people away from the roads. Pretax profit from continuing operations jumped to £608.2m for FY 2020 (2019: £505.1m).
Aviva reported a flat operating profit of £3.2bn for 2020 and have sold its remaining businesses in Italy as it tries to focus on its key markets of Britain, Canada and Ireland. They have sold their Italian life insurance business to CNP Assurances for 543m euros in cash and its general insurance business to Allianz for 330m euros in cash.
Galliford Try swings to a pretax profit in H1 of £4.1m, from a £5.6m loss in H1 2019.
Meggitt swings to an operating loss of £297m in 2020 from a profit of £325m in 2019.
Melrose says aerospace sector recovery is "some way off: with global travel restrictions.
Rentokil reports that their FY ongoing revenue increased by 6.3% as their adjusted pretax profit came in at £355.2m up 4.2%.
Schroders 2020 pretax profit came in at £610.5m, down from £624.6m in 2019.
Vistry Group 2020 pretax profit came in at £98.7m, down from £174.8m in 2019.
William Hill posted a steep fall in annual adjusted pretax profit as it was forced to shut shops due to the pandemic and took a hit from the cancellation of global sporting events. They reported an adjusted pretax profit of £9.1m for FY 2020 (2019: £96.5m).
Barclays Initiates coverage of PZ Cussons with overweight (1 Buy / 1 Hold / 1 Sell)
Deutsche Bank Downgrades Weir Group to Hold from Buy (5 Buys / 10 Holds / 0 Sells)
JP Morgan Downgrades Intercontinental Hotels to Underweight from Neutral (1 Buy / 11 Holds / 5 Sells)
JP Morgan Upgrades Whitbread to Overweight from Neutral (9 Buys / 7 Holds / 2 Sells)
UBS Downgrades Jupiter Fund to Neutral from Buy (2 Buys / 8 Holds / 1 Sell)
Admiral Group
Aviva
CRH
Coats Group
Entain
John Laing
Meggitt
Melrose
Rathbone Brothers
Rentokil
Schroders
Vistry Group
William Hill
Capita
ConvaTec
Dominos
Essentra
London Stock Exchange Group
Eurozone Retail Sales
Fed Chair Powell Speech
Eurozone Economic Bulletin
Eurozone Retail Sales
Eurozone Unemployment Rate
US Initial Jobless Claims
UK 100:
BHP Group
Rio Tinto
Standard Chartered
St. James's Place
Berkeley Group Holdings
UK 250:
Diversified Gas & Oil
Oxford Instruments
Safestore Holdings
Renishaw
Ashmore Group
Scottish American Investment Company
Jlen Environmental Assets Group
HICL Infrastructure
Personal Assets Trust
Dechra Pharmaceuticals
Genus
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.