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Morning Report - 10 August 2021

Yesterday’s UK100 Leaders Price (p) % Chg
SSE PLC 1,623.5 5.0%
SCOTTISH MORTGAGE INV TR PLC 1,375.0 2.7%
FLUTTER ENTERTAINMENT PLC-DI 12,940.0 1.7%
ASHTEAD GROUP PLC 5,510.0 1.3%
NEXT PLC 8,072.0 1.2%
Yesterday’s UK100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1454.5 -11.3%
INTL CONSOLIDATED AIRLINE-DI 167.7 -3.3%
ROLLS-ROYCE HOLDINGS PLC 109.1 -3.0%
WEIR GROUP PLC/THE 1640.0 -2.7%
BRITISH LAND CO PLC 515.8 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,132 0.1% 18.2%
DOW JONES INDUS. AVG 35,102 -0.3% 28.0%
DAX INDEX 15,745 -0.1% 24.2%
NIKKEI 225 27,820 0.3% 24.6%
S&P/ASX 200 INDEX 7,538 0.0% 23.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.48 -2.64%
Brent Crude (ICE) USD/bbl. 69.21 -2.11%
Gold Spot USD/t oz. 1,730 0.0%
Copper (Comex) USd/lb. 429 -1.4%

 

The UK 100 is called to open flat today at 7130.

1 day; 6 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open flat today at 7130. Calls for a flat open follow mixed UK consumer spending data overnight and a weaker session stateside yesterday, which saw the Dow fall 106.66 points from record highs on Friday to close at 35,101.85, or 0.3%. The S&P 500 trade down 0.1% at 4,432.35. Meanwhile, the technology-heavy Nasdaq Composite rose by 0.16% to 14,860.18.  It was a more buoyant outlook in Asia this morning the Shanghai Composite in China gained 0.40% and Hong Kong’s Hang Seng index lifted 0.67%  In Japan, the Nikkei 225 rose 0.25%.

 

Company News & Broker Comments:

Company News:

 

Bellway today said they had seen a strong recovery in housing revenue, which rose by 41% to over £3.1 billion (2020 - £2,204.4 million, 2019 - £3,180.1 million), and only 2.5% below the level achieved in financial year 2019, they also said they had a record forward sales position, with an order book comprising 7,082 homes (2020 - 6,588 homes, 2019 - 4,878 homes) at a value of £2,022.3 million5 (2020 - £1,760.2 million, 2019 - £1,223.9 million), which they believe offers a strong platform for growth in the year ahead.

 

Derwent London today released results and announced "sentiment is improving as the year progresses which has been reflected in our results and encouraged us to raise our ERV guidance. We are well positioned to invest and are moving forward with our next phase of net zero carbon developments and today's acquisitions have added to our extensive pipeline."

 

Flutter Entertainment today delivered results, reporting revenue and Adjusted EBITDA growth of 99% and 75% respectively benefitting from May 2020 combination with The Stars Group,  profit before tax of £77m, including amortisation charge of £276m for acquired intangibles and said the second half of the year has started well and we look forward to making further progress in the coming months.

 

IHG reported a significant improvement in demand over the course of H1.  Resulting in an operating profit from reportable segments of $188m, +262% vs 2020, (down 54% vs 2019); reported operating profit of $138m, after System Fund result of $(46)m and operating exceptional of $(4)m.  It was confirmed that an interim dividend for 2021 will not be paid.

 

Reporting Today:

 

Bellway

Derwent London

Gamesys

IWG

Intercontinental Hotels Group

M&G

 

Reporting Tomorrow:

 

Admiral

Avast

Hill & Smith

Phoenix

Prudential

Quilter

Spirax-Sarco Engineering

 

In Focus Today:

 

Chinese FDI - Foreign Direct Investment

EU ZEW Survey – Economic Sentiment

German ZEW Survey – Economic Sentiment

US Nonfarm Productivity

 

This 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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