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Morning Report - 26 May 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
JUST EAT TAKEAWAY 6,471.0 4.5%
INTL CONSOLIDATED AIRLINE-DI 202.0 2.5%
OCADO GROUP PLC 2,006.0 2.2%
EXPERIAN PLC 2,784.0 1.9%
AVEVA GROUP PLC 3,328.0 1.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
ROYAL DUTCH SHELL PLC-B SHS 1314.8 -2.6%
ROYAL DUTCH SHELL PLC-A SHS 1374.0 -2.5%
ANGLO AMERICAN PLC 3083.0 -2.4%
BT GROUP PLC 174.1 -2.2%
GLENCORE PLC 305.3 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,030 -0.3% 15.9%
DOW JONES INDUS. AVG 34,312 -0.2% 40.3%
DAX INDEX 15,465 0.2% 39.7%
NIKKEI 225 28,642 0.3% 34.7%
S&P/ASX 200 INDEX 7,093 -0.3% 22.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.04 -0.05%
Brent Crude (ICE) USD/bbl. 68.78 0.19%
Gold Spot USD/t oz. 1,905 0.3%
Copper (Comex) USd/lb. 452 0.3%
UK 100 is called to open flat this morning at 7029.

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open flat this morning at 7029. This follows a subdued session on Wall Street overnight, with the Dow Jones Industrial Average closing down 0.24% at 34,212 while the S&P 500 dropped 0.21% to 4,188 and the Nasdaq fell 0.03% to 13,657. However the picture was different in Asia this morning as investor fears over inflation seem to be easing, the reserve Bank of New Zealand announced it would maintain the current stimulatory monetary settings until its inflation and employment targets are met. In China The Shanghai Composite gained 0.22% while in Hong Kong, the Hang Seng index lifted 0.80%. In Japan, the Nikkei rose 0.36%.

 

Company News & Broker Comments:

 

Company News:

 

British Land posted a third consecutive annual loss as the pandemic-related restrictions squeezed the valuation of its office and retail portfolios. They reported a FY loss after tax of £1.08bn, compared with a loss of £1.11bn a year earlier.

 

De La Rue reports that their pretax profit fell 73% to £9.9m (2020: £36.1m).

 

Marks & Spencer reported a slump in FY profit, reflecting a huge drop in clothing sales due to the COVID-19 pandemic. They reported a pretax profit of £50.3m (versus analysts' average forecast of £43m) down from the £403.1m made in 2019-20.

 

Mediclinic reported a 43% drop in FY earnings and an adjusted EPS of 14p (2020: EPS of 24p).

 

Softcat expects their FY results to top board expectations.

 

St James's Place says that their gross inflows in the 5 months to end-May are to be up by 23% YoY.

Broker Comments:

 

Goldman Sachs Upgrades Croda to Buy from Sell (5 Buys / 9 Holds / 1 Sell)

 

HSBC Upgrades Flutter to Hold from Reduce (5 Buys / 4 Holds / 2 Sells)

 

Jefferies Upgrades Close Brothers to Hold from Underperform (1 Buy / 8 Holds / 2 Sells)

 

 

Reporting Today:

 

Babcock

Biffa

British Land

Intertek Group

Marks & Spencer Group

Mediclinic International

SSE

Softcat

 

 

 

Reporting Tomorrow:

 

AJ Bell

Aviva

Johnson Matthey

Pets at home

Tate & Lyle

United Utilities

 

 

In Focus Today:

 

Japanese Leading Economic Index

 

 

Tomorrow's Ex Dividends:

 

UK 100:

 

Severn Trent

Evraz

DCC

Imperial Brands

Intertek Group

Sage Group

 

UK 250:

 

Vivo Energy

Diversified Energy Company

HICL Infrastructure

Great Portland Estates

Britvic

BlackRock World Mining Trust

Grainger

Scottish American Investment Company

Euromoney Institutional Investor

IntegraFin Holdings

Games Workshop Group

Diploma

 

 

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