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Morning Report - 25 August 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
WHITBREAD PLC	3,183.0	4.5%
ROLLS-ROYCE HOLDINGS PLC	118.3	4.0%
EVRAZ PLC	578.0	3.2%
TAYLOR WIMPEY PLC	178.8	3.0%
ANTOFAGASTA PLC	1,471.0	3.0%

Yesterday’s UK100 Laggards	Price (p)	% Chg
SAINSBURY (J) PLC	323.5	-4.9%
IMPERIAL BRANDS PLC	1524.5	-2.2%
B&M EUROPEAN VALUE RETAIL SA	569.8	-1.8%
KINGFISHER PLC	355.5	-1.5%
AVAST PLC	598.0	-1.5%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,126	0.2%	18.0%
DOW JONES INDUS. AVG	35,366	0.1%	25.2%
DAX INDEX	15,906	0.3%	21.8%
NIKKEI 225	27,734	0.0%	19.1%
S&P/ASX 200 INDEX	7,532	0.4%	22.2%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	67.42	-0.18%
Brent Crude (ICE)	USD/bbl.	71.00	-0.07%
Gold Spot	USD/t oz.	1,795	-0.4%
Copper (Comex)	USd/lb.	425	-0.1%

The UK 100 is called to open -6 points today at 7119.

1 day; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -6 points today at 7119. Calls for a modestly lower open today come as investors focus may be stating to turn to the Jackson Hole Symposium, which begins tomorrow, giving up yesterdays gains. Stocks in Asia were mixed overnight, the Shanghai Composite in China gained 0.44% while Hong Kong’s Hang Seng index dipped 0.08% In Japan, the Nikkei was flat. Stateside yesterday it was a day of record highs once more, the S&P advanced 0.15% for its fourth-straight positive session, hitting both a record intraday and closing high. It’s the benchmark index’s 62nd record intraday high this year. The Nasdaq added 0.52%, also hitting intraday and closing records. Meanwhile the Dow Jones Industrial Average gained 0.09%.

Company News & Broker Comments:

Company News:

Grafton report record H1 profit of £142.4m after major contributions from Woodie's DIY, home and garden business in Ireland. They have issued an interim dividend of 8.5p as the overall outlook is positive with supportive sector and positive macro trends.

Morrisons WM Supermarkets: CD&R said that the pension rights of the Morrisons management team and employees will be "fully safeguarded" once its takeover offer for the British supermarket chain becomes effective.

Broker Comments

Deutsche Bank starts ASOS with a Buy (9 Buys / 8 Holds / 0 Sells)

Deutsche Bank starts Boohoo with a Buy (9 Buys / 3 Holds / 0 Sells)

Deutsche Bank initiates Marks & Spencer with a Buy (5 Buys / 11 Holds / 0 Sells)

Deutsche Bank initiates Next with a Buy (5 Buys / 9 Holds / 1 Sell)

Jefferies initiates Admiral Group with Underperform (0 Buys / 9 Holds / 2 Sells)

Jefferies initiates Direct Line with a Buy (7 Buys / 2 Holds / 1 Sell)

Liberum Upgrades British Land to Buy from Hold (1 Buy / 10 Holds / 3 Sells)

Reporting Today:

Grafton Group

Reporting Tomorrow:

CRH

Hays

Polymetal

In Focus Today:

US Durable Goods Orders

US Nondefense Capital Goods Orders ex Aircraft

Japanese Leading Economic Index

German Business Climate

Tomorrow's Ex-Dividends:

FTSE 100:

Aviva

Diageo

Land Securities Group

Mondi

Auto Trader Group

St. James's Place

FTSE 250:

Plus500

Apax Global Alpha

Drax Group

Henderson Smaller Cos Inv Tst

HICL Infrastructure

RHI Magnesita N.V.

OSB Group

BlackRock World Mining Trust

Ultra Electronics Holdings

4imprint Group

Capital & Counties Properties

Personal Assets Trust

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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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