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Morning Report - 6 August 2021

Yesterday’s UK100 Leaders Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 110.7 5.9%
WHITBREAD PLC 3,234.0 4.7%
INTL CONSOLIDATED AIRLINE-DI 178.0 4.4%
INFORMA PLC 518.2 3.8%
JUST EAT TAKEAWAY 6,451.0 3.4%
Yesterday’s UK100 Laggards Price (p) % Chg
ANGLO AMERICAN PLC 3270.5 -5.0%
RIO TINTO PLC 6027.0 -4.2%
BHP GROUP PLC 2280.0 -3.8%
LLOYDS BANKING GROUP PLC 45.9 -3.0%
GLENCORE PLC 324.0 -1.6%
Major World Indices Price % Chg 1 YEAR
UK00 INDEX 7,120 -0.1% 18.1%
DOW JONES INDUS. AVG 35,064 0.8% 28.0%
DAX INDEX 15,745 0.3% 25.0%
NIKKEI 225 27,824 0.4% 24.0%
S&P/ASX 200 INDEX 7,538 0.4% 24.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.38 0.42%
Brent Crude (ICE) USD/bbl. 71.64 0.49%
Gold Spot USD/t oz. 1,801 -0.2%
Copper (Comex) USd/lb. 438 0.8%

 

The UK 100 is called to open +5 points today at 7125.

1 day; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +5 points today at 7125.  The UK100 is called to open narrowly higher this morning ahead of todays US jobs data, economists expectation is a figure of 870,000 after the US economy added 850,000 jobs in June, with the unemployment rate expected to ease to 5.7% from 5.9%.  US markets had a good session yesterday with the Dow Jones jumping 272 points to 35,064 and the S&P 500 added 26 points to trade at 4,429.  Asian markets this morning have been more mixed, Japan’s Nikkei is up 77 points at 27,805, while Hong Kong’s Hang Seng is off slightly, by just 11 points at 26,193.

 

Company News & Broker Comments:

Company News:

Capita report that they are on track to deliver organic revenue growth in 2021 as they swung to a H1 profit on strict cost controls and several new contracts. H1 adjusted pretax profit came in at £45.3m (2020: £11.1m loss).
Hikma Pharmaceuticals reports a H1 pretax profit of $319m (2020: $274m) as their interim dividend is increased to 18 cents per share. Their H1 attributable profit increased 17% YoY to $248m.
London Stock Exchange Group reported a rise of 4.6% in H1 total revenue, as it continued to integrate its data analytics company Refinitiv acquired in a $27bn deal. Adjusted operating profit was £1.17bn, as a strong performance by its capital markets business helped offset a drop in its data and analytics unit.

Broker Comments:

Bernstein Downgrades Meggitt to Market-perform from Outperform (2 Buys / 7 Holds / 2 Sells)
Deutsche Bank Downgrades Direct Line to Hold from Buy (8 Buys / 1 Hold / 0 Sells)
Morgan Stanley Upgrades BP to Equal weight from Underweight (6 Buys / 9 Holds / 3 Sells)
Morgan Stanley Upgrades Unilever to Equal weight from Underweight (7 Buys / 4 Holds / 3 Sells)

 

Reporting Today:

 

Hikma Pharmaceuticals

London Stock Exchange Group

 

Reporting Monday:

Clarkson

Hargreaves Lansdown

Page Group

 

In Focus Today:

US Non Farm Payrolls

Next Week's Ex-Dividends:

 

FTSE 100:

 

Evraz

Rio Tinto

Legal & General Group

NatWest Group

Next

BP

Royal Dutch Shell B

Royal Dutch Shell A

Barclays

Fresnillo

Pearson

Astrazeneca

SEGRO

Standard Chartered

 

FTSE 250:

 

Ferrexpo

Jupiter Fund Management

Direct Line Insurance Group

Greencoat UK Wind

Renewables Infrastructure Group

Vivo Energy

Ibstock

Hiscox

UK Commercial Property REIT

Domino's Pizza Group

Spirent Communications

Scottish American Investment Company

ICG Enterprise Trust

IMI

IP Group

 

 

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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.


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