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Morning Report - 18 May 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
FRESNILLO PLC 915.8 3.5%
POLYMETAL INTERNATIONAL PLC 1,646.0 2.9%
BT GROUP PLC 166.2 2.8%
RIO TINTO PLC 6,275.0 2.3%
SAINSBURY (J) PLC 264.5 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 103.0 -4.3%
ANTOFAGASTA PLC 1702.0 -4.3%
INTL CONSOLIDATED AIRLINE-DI 189.7 -3.7%
WHITBREAD PLC 3085.0 -3.0%
WEIR GROUP PLC/THE 1836.5 -2.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,033 -0.2% 16.3%
DOW JONES INDUS. AVG 34,328 -0.2% 44.9%
DAX INDEX 15,397 -0.1% 47.1%
NIKKEI 225 28,407 2.1% 41.1%
S&P/ASX 200 INDEX 7,066 0.6% 29.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.50 0.35%
Brent Crude (ICE) USD/bbl. 69.72 0.37%
Gold Spot USD/t oz. 1,869 0.1%
Copper (Comex) USd/lb. 477 1.3%
UK 100 is called to open +70 points this morning at 7102

1 Day; 9 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open +70 points this morning at 7102.  The UK blue-chip index is set to rise this morning, a day on from the next stage of the road map out of lock down. Yesterday on Wall Street, all major indices ended the day in the red with the tech-heavy Nasdaq leading the fall, down 0.40%, the Dow Jones losing 0.2% and the S&P 500 falling 0.25%. All three indices however did pull up off their lows during the session. The positive sentiment has been set from Asia this morning, even as Japan’s economy shrank at an annualised rate of 5.1% in the January to March period, as per government data. The Hang Seng index in Hong Kong gained 1.27% while the Shanghai Composite in China rose 0.15%. In Japan, the Nikkei 225 surged 2.3%

 

Company News & Broker Comments:

 

Company News:

 

Britvic reports that their H1 profit after tax fell 14.7% to £33.2m.

 

DCC reports that their FY group adjusted operating profit increased 7.3% to £530.2m and confirmed their FY dividend per share of 159.8p. They expect FY 2022 will be another year of profit growth and development.

 

GSK and Medicago COVID-19 vaccine receive positive interim phase 2 results.

 

Imperial Brands are on track to deliver FY results in line with guidance.

 

Land Securities report that its FY loss widened as the pandemic battered its key London-focused office portfolio with many companies remaining in remote working mode. They reported a loss before tax of £1.39bn (2020: £837m loss).

 

Vodafone reported a 1.2% drop in FY adjusted earnings, coming in at the bottom end of its guidance and missing market expectations but they have forecast growth for this year. They posted an adjusted EBITDA of 14.4bn euros on revenue of 43.8bn euros, down 2.6% for the year.

 

Broker Comments:

 

 

Barclays Upgrades Aviva to Overweight from Equal weight (8 Buys / 6 Holds / 0 Sells)

 

Reporting Today:

 

Assura

Aston Martin Lagonda

Cranswick

Britvic

DCC

Homeserve

Imperial Brands

Land Securities

UDG Healthcare

Vodafone

 

Reporting Tomorrow:

 

BAE Systems

Coats Group

Experian

Future

Great Portland Estates

Premier Foods

Severn Trent

 

 

In Focus Today:

 

 

Japanese Gross Domestic Product

UK Claimant Count Change

EU Gross Domestic Product

EcoFin Meeting

US Building Permits

 

 

This Week's Ex Dividends:

 

UK 100:

 

Tesco

Bunzl

GlaxoSmithKline

Unilever

Pershing Square Holdings

 

UK 250:

 

Morrison (Wm.) Supermarkets

Howden Joinery Group

Centamin

ContourGlobal

Brewin Dolphin Holdings

Civitas Social Housing

BlackRock Smaller Companies Trust

Bellway

Murray Income Trust

Witan Investment Trust

GCP Student Living

 

 

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