Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 19 March 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
INFORMA PLC 598.6 4.1%
DCC PLC 6,152.0 3.4%
ANTOFAGASTA PLC 1,765.0 3.3%
EVRAZ PLC 556.8 3.1%
SCHRODERS PLC 3,534.0 2.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 1980.0 -4.9%
M&G PLC 205.1 -4.2%
SPIRAX-SARCO ENGINEERING PLC 11245.0 -2.4%
COMPASS GROUP PLC 1506.5 -2.2%
ROLLS-ROYCE HOLDINGS PLC 124.6 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,780 0.3% 31.6%
DOW JONES INDUS. AVG 32,862 -0.5% 63.6%
DAX INDEX 14,776 1.2% 75.0%
NIKKEI 225 29,792 -1.4% 80.0%
S&P/ASX 200 INDEX 6,708 -0.6% 40.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.82 -0.30%
Brent Crude (ICE) USD/bbl. 63.18 -0.16%
Gold Spot USD/t oz. 1,743 0.4%
Copper (Comex) USd/lb. 404 -1.6%
UK 100 is called to open -47 points this morning at 6730

1 Day; 11 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open -47 points this morning at 6730. Calls for a subdued start to todays session come as investors take lead from yesterdays US session, where sentiment suggested that there was growing concerns over rising bond yields.  Stateside saw the S&P 500 fall by 59 points to 3,915 as investors dumped technology stocks, while the Dow Jones only fell 153 points to 32,862.  Asian markets continued this trend this morning.  In Japan, the Nikkei 225 is down 458 points at 29,759 while in Hong Kong the Hang Seng is 556 points weaker at 28,850.

 

Company News & Broker Comments:

 

 

Company News:

ContourGlobal reports that their 2020 revenue rose 6% ($1.41bn), funds from operations +12% ($380m) and income from operations +5% ($308m). They declared a dividend of 4.0951 US cents per share.

 

Investec expects their FY adjusted operating profit to be 14-24% lower YoY.

 

JD Wetherspoon swings to a pretax loss in FY21 of £61.4m (2020: £42m profit). They are not recommending an interim dividend "in current circumstances" and says they dealt with Covid rules with "no real basis in common sense or science".

 

Taylor Wimpey confirms that the UK CMA is moving to the next phase of investigation into its leaseholds.

 

Broker Comments:

Barclays Downgrades Hammerson to Underweight from Overweight (2 Buys / 9 Holds / 4 Sells)

 

Exane BNP Upgrades Asos to Outperform from Neutral (9 Buys / 9 Holds / 2 Sells)

 

Goldman Sachs Downgrades Hammerson to Sell from Neutral (2 Buys / 9 Holds / 4 Sells)

 

Societe Generale Upgrades Rio Tinto to a Buy from Hold (5 Buys / 11 Holds / 3 Sells)

 

 

Reporting Today:

 

ContourGlobal

Investec

OneSavings Bank

Sanne Group

Wetherspoon

 

 

Reporting Tomorrow:

 

Centamin

Kingfisher

 

In Focus Today:

 

 

BoJ Interest Rate Decision

BoJ Monetary Policy Statement

BoJ Press Conference

UK GfK Consumer Confidence

German Producer Price Index

 

Today's Ex Dividends:

 

UK 100:

 

British American Tobacco

NatWest Group

Prudential

Schroders

Pearson

Ferguson

 

UK 250:

 

BB Healthcare Trust

XP Power

Vistry Group

CLS Holdings

Close Brothers Group

Fidelity European Values

Ferrexpo

Games Workshop Group

888 Holdings

Mercantile Investment Trust

 

 

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.