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Morning Report - 26 August 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
FLUTTER ENTERTAINMENT PLC-DI	14,435.0	3.5%
STANDARD CHARTERED PLC	461.9	3.1%
WEIR GROUP PLC/THE	1,694.5	3.0%
OCADO GROUP PLC	2,049.0	2.9%
MELROSE INDUSTRIES PLC	171.7	2.6%

Yesterday’s UK100 Laggards	Price (p)	% Chg
ROLLS-ROYCE HOLDINGS PLC	116.5	-1.5%
SEVERN TRENT PLC	2790.0	-1.5%
CRODA INTERNATIONAL PLC	9140.0	-1.4%
UNITED UTILITIES GROUP PLC	1057.0	-1.4%
NATIONAL GRID PLC	950.5	-1.4%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,150	0.3%	18.3%
DOW JONES INDUS. AVG	35,406	0.1%	25.0%
DAX INDEX	15,861	-0.3%	20.3%
NIKKEI 225	27,742	0.1%	19.0%
S&P/ASX 200 INDEX	7,491	-0.5%	22.5%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	67.98	-0.56%
Brent Crude (ICE)	USD/bbl.	72.00	-0.35%
Gold Spot	USD/t oz.	1,786	-0.3%
Copper (Comex)	USd/lb.	424	-0.8%

The UK 100 is called to open -35 points today at 7115.

1 day; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -35 points today at 7115. A weaker open is expected this morning on the UK blue chip index ahead of the commencement of the Jackson Hole Symposium. The picture was significantly brighter stateside yesterday saw another day of record closes on Wall Street, the Dow Jones rose by 39 points. The S&P gained 0.22% to close at a fresh record, led by stocks that benefit from the economic reopening like airlines, cruise lines and financials. The Nasdaq rose 0.15%, also notching up a record close. In Asia overnight, sentiment was more subdued, Japan’s Nikkei was down very slightly at 27,721 whilst Hong Kong’s Hang Seng was off 1.4% at 25,330. The Shanghai Composite dipped 0.6% to 3,518.

Company News & Broker Comments:

Company News:

British Land delivers further strategic progress with £350m of capital activity.

CRH reports a 15% increase in revenue for H1 2021 as pretax profit increases sharply to $1.05bn (2020: $518m) as they increase their interim dividend by 4.5% to 23 US cents per share.

Greggs has become the latest fast-food business to be hit by supply chain interruptions that are impacting businesses across the retail and hospitality sector in Britain.

Hays have forecast a "dramatic" faster pace of recovery in the jobs market as the coronavirus restrictions ease, while it reported a lower annual operating profit due to a hit from the pandemic. Operating profit came in at £95.1m (2020: £135m).

Polymetal net profit rises on higher gold and silver prices as H1 net earnings rose to $419m (2020: $376m).

Watches of Switzerland announce that Bill Floydd (Rank Group CFO) will become their new CFO.

Broker Comments

No new broker comments

Reporting Today:

CRH

Hays

Polymetal

Reporting Tomorrow:

Unite Group

In Focus Today:

Jackson Hole Symposium

US Gross Domestic Product Annualized

ECB Monetary Policy Meeting Accounts

US Initial Jobless Claims

Today'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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