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Morning Report - 31 August 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
ANGLO AMERICAN PLC	3,084.0	3.0%
ANTOFAGASTA PLC	1,462.0	2.4%
PERSHING SQUARE HOLDINGS LTD	2,590.0	2.4%
GLENCORE PLC	332.6	2.3%
BHP GROUP PLC	2,280.0	2.2%

Yesterday’s UK100 Laggards	Price (p)	% Chg
JUST EAT TAKEAWAY	6407.0	-7.5%
SAINSBURY (J) PLC	310.4	-2.9%
OCADO GROUP PLC	2038.0	-1.4%
CRH PLC	3887.0	-0.9%
ROYAL MAIL PLC	490.0	-0.8%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,148	0.3%	19.9%
DOW JONES INDUS. AVG	35,400	-0.2%	23.5%
DAX INDEX	15,887	0.2%	21.9%
NIKKEI 225	28,090	1.1%	21.4%
S&P/ASX 200 INDEX	7,535	0.4%	24.3%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	69.24	0.04%
Brent Crude (ICE)	USD/bbl.	73.41	0.00%
Gold Spot	USD/t oz.	1,819	0.5%
Copper (Comex)	USd/lb.	439	0.2%

The UK 100 is called to open +23 today at 7171.

1 day; 11 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +23 today at 7171. Calls for a positive open today come in contrast to a tough session for traders in Asia this morning following China’s official manufacturing Purchasing Managers’ Index for August came in at 50.1, against July’s reading of 50.4. The Shanghai Composite fell 0.32% and Hong Kong’s Hang Seng index slumped 0.69% In Japan, the Nikkei 225 surged 1.15% while South Korea’s Kospi rose 1.00%. On Friday it was another positive session on Wall Street, the Dow Jones gained 242.68 points, or 0.6%, to close at 35,455.80. The S&P rose 0.8% to hit a new high and closed at 4,509.37. The Nasdaq Composite added 1.2%, also hitting a new record during the session, closing at 15,129.50.

Company News & Broker Comments:

Company News:

Bunzl completes the purchase of Spanish safety and PPE distributor Arprosa. HY pretax profit came in at £275.7m (+12% YoY) as they declared an interim dividend of 16.2p (+2.5% YoY).

Computacenter says current market forecasts are below board expectations, as they will endeavour to beat last year's H2 performance.

GSK starts phase 3 of COVID-19 vaccine trial with SK Bioscience.

Meggitt: Parker-Hannifin agrees new $2bn loan deal to help finance Meggitt takeover.

Old Mutual reported H1 2021 profit of £351.8m as revenue tripled as they declared an interim dividend of 25 cents per share.

Rolls-Royce's biggest investor Causeway Capital Management has urged them to refresh its board.

Sainsbury are in talks to sell its banking arm to a US private equity firm in a deal worth around £200m.

Broker Comments

Societe Generale Upgrades Intercontinental Hotels to Buy from Hold (3 Buys / 13 Holds / 3 Sells).

Reporting Today:

Bunzl

Reporting Tomorrow:

888 Holdings

Petropavlovsk

Kainos Group

WH Smith

In Focus Today:

Chinese Non-Manufacturing PMI

EU Consumer Price Index

German Unemployment Rate

US Housing Price Index

US Consumer Confidence

This Week's Ex-Dividends:

FTSE 100:

BHP Group

Admiral Group

Glencore

Antofagasta

Glencore

FTSE 250:

PageGroup

Centamin

Redde Northgate

Diversified Energy Company

Rathbone Brothers

Quilter

LondonMetric Property

Clarkson

Grafton Group

Convatec Group

Genuit Group

Savills

Alliance Trust

JPMorgan American Investment 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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