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Morning Report - 7 September 2021

Yesterday’s UK100 Leaders Price (p) % Chg
ITV PLC 117.1 2.5%
BURBERRY GROUP PLC 1,935.0 2.3%
INTERMEDIATE CAPITAL GROUP 2,299.0 2.0%
EXPERIAN PLC 3,313.0 2.0%
RENTOKIL INITIAL PLC 592.8 2.0%
Yesterday’s UK100 Laggards Price (p) % Chg
BERKELEY GROUP HOLDINGS/THE 4800.0 -6.7%
RIO TINTO PLC 5337.0 -1.3%
COMPASS GROUP PLC 1482.5 -0.9%
BRITISH LAND CO PLC 537.0 -0.9%
PERSHING SQUARE HOLDINGS LTD 2565.0 -0.8%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,187 0.7% 21.1%
DOW JONES INDUS. AVG 35,369 -0.2% 25.7%
DAX INDEX 15,932 1.0% 21.6%
NIKKEI 225 29,916 0.9% 29.6%
S&P/ASX 200 INDEX 7,530 0.0% 26.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.36 0.10%
Brent Crude (ICE) USD/bbl. 72.75 0.73%
Gold Spot USD/t oz. 1,816 -0.4%
Copper (Comex) USd/lb. 431 -0.5%
The UK 100 is called to open -9 today at 7178. 

1 day; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -9 today at 7178.   Calls for a negative open this morning comes on the back of disappointing data overnight from the British Retail Consortium which may be a contributing factor, with a 3.0% rise in UK retail sales for August after a 6.4% gain the month before.  Stocks in Asia this morning were mixed on Tuesday as China’s exports jumped 25.6% year-over-year in August, above expectations for a 17.1% rise by analysts in a Reuters poll.  The Shanghai Composite surged 1.04% and Hong Kong’s Hang Seng index lifted 0.87%.  In Japan, the Nikkei 225 gained 0.94%.

 

Company News & Broker Comments:

 

Company News:

 

Cairn Energy reported a H1 pretax loss of $87.4m as they propose $700m capital return if India tax dispute has been resolved. This would be made up of $500m special dividend and $200m in buybacks.
IQE update that H1 trading is in line with previous guidance.
Ted Baker reports that their Q2 sales were in line with expectations.
TP ICAP reported lower HY profit as trading in its global broking, energy and commodities business tailed off from the high comparable base marked by the pandemic. Their adjusted HY pretax profit came in at £88m (2020: £136m).
Vistry Group reports "strong" H1 performance significantly ahead of expectations. FY pretax profit came in at £156.2m (2020: £12.3m loss) as they declare an interim dividend of 20p per share.

 

Broker Comments

No new broker comments

 

Reporting Today:

 

Cairn Energy

TP ICAP

Vistry Group

 

Reporting Tomorrow:

 

Biffa

Dunelm Group

 

In Focus Today:

 

 

EU Gross Domestic Product s.a.

BRC Like-For-Like Retail Sales

Chinese Trade Balance

German Industrial Production s.a.

EU ZEW Survey – Economic Sentiment

German ZEW Survey – Economic Sentiment

 

This Week's Ex-Dividends:

FTSE 100:

 

Croda International

Avast

Polymetal International

CRH

Melrose Industries

 

FTSE 250:

 

BBGI Global Infrastructure S.A.

Hochschild Mining

Assura

Temple Bar Investment Trust

Gamesys Group

Derwent London

Oxford Instruments

Greggs

XP Power

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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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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