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Morning Report - 11 November 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
ITV PLC 125.9 15.1%
PEARSON PLC 634.6 3.6%
FRESNILLO PLC 959.2 3.5%
SMITHS GROUP PLC 1,452.0 3.5%
B&M EUROPEAN VALUE RETAIL SA 643.8 3.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
AVEVA GROUP PLC 3384.0 -3.6%
DARKTRACE PLC 599.5 -1.7%
INTERCONTINENTAL HOTELS GROU 5154.0 -1.3%
BURBERRY GROUP PLC 1967.0 -1.0%
SMURFIT KAPPA GROUP PLC 3858.0 -0.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,340 0.9% 15.0%
DOW JONES INDUS. AVG 36,080 -0.7% 22.7%
DAX INDEX 16,068 0.2% 21.6%
NIKKEI 225 29,278 0.6% 15.5%
S&P/ASX 200 INDEX 7,382 -0.6% 14.5%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.39 0.06%
Brent Crude (ICE) USD/bbl. 82.65 0.01%
Gold Spot USD/t oz. 1,853 0.2%
Copper (Comex) USd/lb. 436 0.8%

 

The UK 100 is called to open -7 points today at 7333. 

4 hours; 4 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -7 points today at 7333. A marginally lower open is expected this morning for UK markets, following yesterdays fresh 18 month high.  It was a positive session too in Asia this morning, Japan’s Nikkei rose by 148 points or 0.59% to trade at 29,255 and Hong Kong’s Hang Seng added 0.72% rising to 25,181. The Shanghai Composite moved higher, up 1.1% to 3,531.  The picture was not so rosey on Wall Street yesterday, after Octobers consumer price reading showed the biggest year on year jump in more than 30 years.  The Dow Jones gave up 240.04 points, or about 0.7%, to close at 36,079.94. The S&P 500 fell 0.8% to 4,646.71. The tech-heavy Nasdaq was the biggest fallers, dropping nearly 1.7% to 15,622.71.

 

Company News & Broker Comments:

 

Company News:

Aviva says it is on track to return at least £4bn to shareholders and meet or exceed cost savings targets. Net flows into Aviva's savings and retirement business rose 21% in the first nine months of the year and general insurance premiums rose 5%.
 
BAE Systems agrees to buy Bohemia Interactive Simulations.
Burberry state that their revenue has returned to pre-pandemic levels in H1, driven by strong growth in mainland China, South Korea and USA. They reported H1 revenues of £1.21bn, up 45% at constant exchange rates. Adjusted operating profit came in at £196m beating expectations.
Johnson Matthey says their FY results are to be at the lower end of market expectations as they have been hurt by supply chain shortages. They also plan to exit their battery materials business.
Taylor Wimpey has reiterated their annual profit outlook by underscoring robust demand and reaffirmed annual earnings forecast to the top end of expectations as the undersupplied UK housing market stays firm despite the expiry of a tax holiday. Their current total order book (excluding joint ventures) stood at about £2.8bn as of Nov 8th (2020: £3bn, 2019: £2.7bn).
WH Smith reports that their FY21 pretax loss narrows to £116m from a £280m loss in 2020.

 

Broker Comments

JP Morgan Upgrades Capital & Counties to Neutral from Underweight (7 Buys / 4 Holds / 0 Sells)
JP Morgan Upgrades Shaftesbury to Neutral from Underweight (2 Buys / 8 Holds / 0 Sells)

 

 

Reporting Today:

 

 

3i Group

Assura

Auto Trader

Aviva

B&M Europeran Value Retail

Taylor Wimpey

Vesuvius

WH Smith

 

 

Reporting Tomorrow:

 

Astrazeneca

Redrow

 

In Focus Today:

 

UK Gross Domestic Product

UK Manufacturing Production

UK Industrial Production

Economic Bulletin

NIESR GDP Estimate

 

Today's Ex-Dividends:

 

FTSE 100:

 

Royal Dutch Shell B

Royal Dutch Shell A

BP

Sainsbury (J)

 

FTSE 250:

 

ICG Enterprise Trust

Baillie Gifford Japan Trust

Greencoat UK Wind

Softcat

Fidelity Emerging Markets

Airtel Africa

BlackRock Smaller Companies Trust

UK Commercial Property Trust

Renewables Infrastructure Group

Schroder Oriental Income Fund

 

 

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