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Morning Report - 29 October 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
WPP PLC	1,044.0	8.1%
DARKTRACE PLC	779.5	6.7%
GLAXOSMITHKLINE PLC	1,499.0	4.0%
SMURFIT KAPPA GROUP PLC	3,861.0	2.4%
ASHTEAD GROUP PLC	6,130.0	2.3%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
ROYAL DUTCH SHELL PLC-B SHS	1706.6	-3.5%
ROYAL DUTCH SHELL PLC-A SHS	1713.2	-3.0%
VODAFONE GROUP PLC	109.0	-2.7%
DCC PLC	6100.0	-2.3%
SAINSBURY (J) PLC	299.6	-2.3%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,249	-0.1%	29.9%
DOW JONES INDUS. AVG	35,730	0.7%	34.7%
DAX INDEX	15,696	-0.1%	35.3%
NIKKEI 225	28,893	0.3%	23.8%
S&P/ASX 200 INDEX	7,324	-1.4%	22.9%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	82.84	0.04%
Brent Crude (ICE)	USD/bbl.	84.44	0.14%
Gold Spot	USD/t oz.	1,796	-0.2%
Copper (Comex)	USd/lb.	442	-0.5%

The UK 100 is called to open -40 points today at 7210.

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -40 points today at 7210. A more subdued start is expected this morning on the UK’s blue chip index. It was a positive session on Wall Street yesterday it was another day of new all times highs, as the Dow Jones stormed 240 points higher to close at 35,730 and the S&P jumped 45 points to 4,596. Earnings announcements after the bell from Apple and Amazon, however, failed to come up to the market’s high expectations. Stocks in the Asia were mixed this morning, China’s Shanghai Composite rose 0.41% while Hong Kong’s Hang Seng index slipped 0.50%. In Japan, the Nikkei 225 gained 0.11%.

Company News & Broker Comments:

Company News:

British American Tobacco & Imperial Brands: Health regulators in England have paved the way for e-cigarettes to be prescribed by doctors for the first time in any country to help people stop smoking tobacco.

Computacenter says they are "very comfortable" with FY expectations and are on track for a record year. They do note that product supply shortages are affecting timing of revenue bookings.

Glencore says it expects FY21 adjusted earnings before interest and tax for its trading unit to exceed the top end of its $2.2-3.2bn long term guidance. They stuck to their FY production guidance as they reported a 9% drop in coal production YTD compared to 2020, while ferrochrome production jumped 65% thanks to South African mines ramping back up after COVID-19 lockdown.

Natwest reported a tripling in Q3 profits, despite setting aside cash to prepare for an expected fine for money laundering failings as Britain's resurgent economy lifted its finances. They reported a Q3 pretax profit of £1.1bn, better than the £677m average of analyst forecasts and up from £355m in 2020. They took a £294m litigation and conduct charge for the quarter, which includes a provision for an anticipated fine after pleading guilty earlier this month to failing to prevent the laundering of nearly £400m.

Unilever: New York's $268bn state pension fund became the latest to restrict its holdings in Unilever in a response to sales limits imposed by the company's Ben & Jerry's ice cream brand in the Israeli-occupied Palestinian territories.

Broker Comments

HSBC Upgrades United Utilities to Hold from Reduce (3 Buys / 4 Holds / 4 Sells)

Reporting Today:

Computacenter

Natwest Group

Reporting Tomorrow:

None

In Focus Today:

EU Consumer Price Index - Core

EU Gross Domestic Product s.a.

Japanese Unemployment Rate

German Gross Domestic Product

Next Weeks's Ex-Dividends:

FTSE 100:

Unilever

FTSE 250:

Balfour Beatty

Ashmore

Hilton Foods Group

ContourGlobal

VinaCapital Vietnam Opportunity Fund

Edinburgh Investment Trust

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