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Morning Report - 18 August 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
BHP GROUP PLC	2,358.0	3.4%
JUST EAT TAKEAWAY	6,310.0	2.9%
RENTOKIL INITIAL PLC	574.6	2.5%
HIKMA PHARMACEUTICALS PLC	2,583.0	2.4%
SCOTTISH MORTGAGE INV TR PLC	1,351.0	2.3%

Yesterday’s UK100 Laggards	Price (p)	% Chg
INTL CONSOLIDATED AIRLINE-DI	159.2	-3.2%
KINGFISHER PLC	353.1	-3.2%
WHITBREAD PLC	3024.0	-2.5%
JOHNSON MATTHEY PLC	2952.0	-2.2%
PEARSON PLC	762.0	-2.1%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,181	0.4%	17.2%
DOW JONES INDUS. AVG	35,343	-0.8%	26.9%
DAX INDEX	15,922	0.0%	23.2%
NIKKEI 225	27,424	-0.4%	19.0%
S&P/ASX 200 INDEX	7,511	-0.9%	22.7%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	66.59	-1.04%
Brent Crude (ICE)	USD/bbl.	69.14	-0.53%
Gold Spot	USD/t oz.	1,786	0.0%
Copper (Comex)	USd/lb.	420	-2.7%

The UK 100 is called to open +19 points today at 7195

1 day; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +19 points today at 7195. Asia bucked the trend and moved off year-to-date lows, even though the Dow declined overnight. New Zealand, which remains in lockdown, defied expectations by not raising interest rates. Where economies are reopening and vaccinations are going up, the spread of the Delta variant is still prominent, which has been seen in the slowing of economic data, which mostly has been on the downside. This was seen in China's GDP read on Monday, where growth was 7.9% below the 8.1% forecast. Overnight, Wall Street remained in the red after a fall in retail sales. Oil moved up slightly after falling four sessions in a row, Crude was up 0.11% at $66.66 a barrel.

Company News & Broker Comments:

Company News:

Balfour Beatty report a H1 underlying operating profit of £60m as they forecast their 2021 profit from operations is to be at 2019 levels. They have also reinstated their interim dividend of 3p per share.

Hochschild state that they are on track for their gold and silver production targets as they report a H1 pretax profit of $83.3m (2020: $6.5m).

Persimmon have reported that their forward sales are up 9% from pre-pandemic levels, allaying concerns about a cooling housing market after the partial removal of a temporary tax break. Pre-tax profit for H1 was £480.1m (2020: £292.4m).

Broker Comments

No new broker comments

Reporting Today:

Balfour Beatty
Persimmon

Reporting Tomorrow:

Antofagasta

Rank Group

In Focus Today:

German Harmonized Index of Consumer Prices

US Consumer Price Index ex Food & Energy

German 10-y Bond Auction

US Monthly Budget Statement

This Week's Ex-Dividends:

FTSE 100:

Anglo American
Phoenix Group Holdings
M&G
Abrdn
Imperial Brands
GlaxoSmithKline
HSBC Holdings
Schroders
Ashtead Group
Hikma Pharmaceuticals
London Stock Exchange Group
Pershing Square Holdings
Prudential

FTSE 250:

Dixons Carphone
ContourGlobal
Civitas Social Housing
Murray Income Trust
CLS Holdings
Rotork
Witan Investment Trust
TI Fluid Systems
Chemring Group

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