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Morning Report - 20 August 2021

Yesterday’s FTSE100 Leaders

Price (p)

% Chg

JUST EAT TAKEAWAY	6,797.0	2.4%
POLYMETAL INTERNATIONAL PLC	1,515.5	1.6%
BUNZL PLC	2,686.0	1.0%
SMITH & NEPHEW PLC	1,409.5	1.0%
NATIONAL GRID PLC	978.3	1.0%

Yesterday’s FTSE100 Laggards	Price (p)	% Chg
ANGLO AMERICAN PLC	2912.0	-10.0%
BURBERRY GROUP PLC	1812.5	-6.6%
M&G PLC	209.9	-5.3%
PHOENIX GROUP HOLDINGS PLC	632.6	-5.2%
BP PLC	287.8	-4.9%

Major World Indices	Price	% Chg	1 YEAR
FTSE 100 INDEX	7,059	-1.5%	17.4%
DOW JONES INDUS. AVG	34,894	-0.2%	26.0%
DAX INDEX	15,766	-1.3%	21.5%
NIKKEI 225	27,013	-1.0%	18.1%
S&P/ASX 200 INDEX	7,461	-0.1%	21.9%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	64.07	0.60%
Brent Crude (ICE)	USD/bbl.	66.77	0.48%
Gold Spot	USD/t oz.	1,788	0.4%
Copper (Comex)	USd/lb.	410	1.5%

The UK 100 is called to open +15 points today at 7067

1 day; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +15 points today at 7067. Asian shares finished the week negative and set for their lowest close since November and worst week since February. Regulatory risk, coronavirus, the Fed have all added to the fall this week. Tech to property to education stocks in China have been hit on regulatory crackdowns. Markets are also generally worried about slowing growth in Asia amid outbreaks of the Delta variant of the coronoavirus. The Fed slowing its monetary stimulus has added more fuel. Oil stabilised yesterday at $64.06 a barrel with Brent at $66.81 per barrel.

Company News & Broker Comments:

Company News:

AstraZeneca says AZD7442 meets primary endpoint in preventing COVID-19 in Phase III trial as it achieves significant reduction in symptomatic COVID-19.

Kingspan declares a 19.9 euro cent dividend as revenues increased 41% YoY and pretax profit increased 67% YoY to 297.2m euros.

Marks & Spencer state that they expect their annual profit to be above forecasts after its food division outperformed expectations and shoppers started returning to its clothes stores. Assuming no further COVID-related restrictions on trading, they expect their adjusted profit before tax to be above the upper end of previous guidance of £300-350m.

Morrisons WM Supermarkets accepts an increased £7bn bid from Clayton, Dubilier & Rice takeover.

Broker Comments

Morgan Stanley Upgrades Babcock to Overweight from Equal weight (4 Buys / 6 Holds / 0 Sells)

Reporting Today:

Antofagasta

Rank Group

Reporting Tomorrow:

Kingspan

In Focus Today:

US Jobless Claims

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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