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Morning Report - 16 November 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
AVAST PLC 598.2 7.1%
LONDON STOCK EXCHANGE GROUP 7,166.0 3.3%
STANDARD CHARTERED PLC 474.5 2.8%
ROYAL MAIL PLC 445.7 2.8%
JOHNSON MATTHEY PLC 2,328.0 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
AVEVA GROUP PLC 3265.0 -2.8%
EVRAZ PLC 603.2 -2.7%
B&M EUROPEAN VALUE RETAIL SA 585.0 -2.4%
DARKTRACE PLC 568.5 -2.3%
RENTOKIL INITIAL PLC 623.6 -2.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,352 0.1% 14.5%
DOW JONES INDUS. AVG 36,087 0.0% 22.4%
DAX INDEX 16,149 0.3% 22.9%
NIKKEI 225 29,808 0.1% 15.1%
S&P/ASX 200 INDEX 7,420 -0.7% 14.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.56 0.84%
Brent Crude (ICE) USD/bbl. 82.89 1.02%
Gold Spot USD/t oz. 1,863 0.0%
Copper (Comex) USd/lb. 440 -0.2%

 

The UK 100 is called to open -5 points today at 7346

4 hours; 4 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -5 points today at 7346.  A modestly lower open is expected this morning in the UK, this comes on the back of a mixed session in Asia this morning as investors watched for developments from a virtual meeting between U.S. President Joe Biden and Chinese President Xi Jinping. China’s Shanghai Composite fell 0.30% while Hong Kong’s Hang Seng index surged 1.20%. In Japan, the Nikkei 225 gained 0.11% but South Korea’s Kospi dipped 0.08%.  Stateside yesterday saw the Dow dip about 13 points, or 0.04%, for its fourth negative session in the last five days. However at the high of the day the Dow gained about 136 points. The S&P 500 finished the day unchanged at 4,682.87. The Nasdaq dipped 0.04% on the day. The Russell 2000 was the relative under performer, declining 0.45%.

 

Company News & Broker Comments:

 

Company News:

Countryside Properties hires Wincanton CFO Tim Lawlor as their next CFO.
Diageo expects organic net sales growth to be between 5-7% for fiscal 2023-2025, compared with 4-7% growth during 2017-2019.
 
Domino's Pizza hires David Surdeau as interim CFO.
Imperial Brands reported a slight tick in its FY sales aided by higher cigarette prices that more than offset the decline in volumes. They reported an organic adjusted group revenue of £7.59bn up 1.4% for the year ended Sept 30th. They expect net revenue growth in fiscal 2022 to be at a similar rate as 2021, while adjusted operating profit will be slightly lower than net revenue due to higher investments.
Premier Foods reports that their H1 revenue slips 6.5% YoY to £394.1m as their pretax profit also fell 39% YoY to £30.7m. They state that they are firmly on track to deliver FY profit expectations.
Vodafone raised its forecast for this year's free cash flow after it reported 6.5% growth in adjusted core earnings in H1, driven by good performance in Germany. They raised the floor of their FY earnings guidance to 15.2bn from 15bn euros, with the top remaining at 15.4bn. They also increased their free cash flow target to at least 5.3bn euros (from 5.2bn euros previously).

 

Broker Comments

Peel Hunt Downgrades Petropavlovsk to Hold (2 Buys / 2 Holds / 0 Sells)

 

 

Reporting Today:

 

Homeserve

Imperial Brands

Intermediate Capital Group

Land Securities

Ninety One

Premier Foods

Vodafone

 

 

Reporting Tomorrow:

 

British Land

Experian

SSE

Safestore Holdings

Sage Group

Spirax-Sarco Engineering

Workspace

 

In Focus Today:

 

UK Claimant Count Change

EU Gross Domestic Product s.a

US Retail Sales

 

This Week's Ex-Dividends:

 

FTSE 100:

 

Bunzl

GlaxoSmithKline

Pershing Square Holdings

Scottish Mortgage Investment Trust

DCC

B&M European Value Retail S.A.

 

FTSE 250:

 

Genus

Volution Group

Bytes Technology Group

Witan Investment Trust

Scottish American Investment Company

Worldwide Healthcare Trust

 

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