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Morning Report - 23 February 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
SMITH & NEPHEW PLC 1,267.5 7.5%
EVRAZ PLC 281.3 5.4%
INTERCONTINENTAL HOTELS GROU 5,094.0 4.2%
LEGAL & GENERAL GROUP PLC 281.0 3.4%
ROLLS-ROYCE HOLDINGS PLC 118.0 2.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1095.0 -15.6%
COCA-COLA HBC AG-DI 2187.0 -5.5%
ABRDN PLC 222.9 -4.6%
KINGFISHER PLC 313.2 -3.4%
ROYAL MAIL PLC 402.2 -2.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,494 0.1% 13.1%
DOW JONES INDUS. AVG 33,597 -1.4% 6.7%
DAX INDEX 14,693 -0.3% 5.3%
NIKKEI 225 26,450 -1.7% -12.3%
S&P/ASX 200 INDEX 7,206 0.6% 5.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 92.35 1.41%
Brent Crude (ICE) USD/bbl. 96.74 -0.10%
Gold Spot USD/t oz. 1,895 -0.2%
Copper (Comex) USd/lb. 452 0.2%
The UK 100 is called to open +5 points today at 7500.

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +5 points today at 7500.  The UK 100 is expected to continue this morning where it left off yesterday, having recovered over 100 points during the session following an initial spike down, this comes as markets react to the quick moving situation in Ukraine and the reactions by governments in the West.  Last night, on Wall Street, the Dow Jones shed some 480 points or 1.4% to finish at 33,596 whilst the S&P was 1% lower at 4,304.T he Nasdaq fell 1.23% to close at 13,381 and the small-cap focussed Russell 2000 index lost 1.45% to 1,980.  It was a mixed session this morning in Asia, Japan’s Nikkei was down 1.7% at 26,449, however Hong Kong’s Hang Seng moved positively, adding 151 points or 0.6% to 23,671. The Shanghai Composite meanwhile gained 0.86% to 3,486.

 

 

Company News & Broker Comments:

 

Company News:

 
Aston Martin report a 2021 pretax loss of £213.8m (2020: £466m loss).
Barclays reported its annual profit more than doubled as bad loan charges plunged and its investment bank continued its strong recent performance amid market volatilty in the COVID-19 pandemic. They reported a profit before tax for 2021 of £8.4bn (2020: £3.1bn) above the average analysts' forecast of £8.1bn.
 
Darktrace buys Cybersprint for 47.5m euros in cash and equity.
Hochschild FY21 pretax profit came in at $137.3m (2020: $62.9m).
Rio Tinto reported annual underlying earnings that rose almost 72%, helped by higher iron ore prices and strong demand from top consumer China. They posted underlying earnings of $21.38bn (2020: $12.45bn) which was below analysts' forecast of $21.63bn. They declared a total 2021 dividend of 1,040 US cents, including 247 cents special payout.

Broker Comments

 

Morgan Stanley Upgrades Synthomer to Equal weight from Underweight (6 Buys / 4 Holds / 1 Sell)

 

 

Reporting Today:

 

Barclays

 

Capital & Counties Properties

 

Rio Tinto

 

Unite Group

 

 

Reporting Thursday:

Anglo American

 

Aston Martin Lagonda

 

BAE Systems

 

Centica

 

Derwent London

 

Drax Group

 

Genus

 

Hays

 

Hikma Pharmaceuticals

 

Howden Joinery

 

Inchcape

 

Lloyds Bank

 

Morgan Sindall

 

Rathbone Brothers

 

Rolls Royce

 

Serco Group

 

Spectris

 

St James' Place

 

WPP Group

 

 

 

In Focus Today:

 

German Gfk Consumer Confidence Survey

 

EU HICP

 

BoE Monetary Policy Report Hearings

 

 

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

Diageo

 

GlaxoSmithKline

 

AstraZeneca

 

Unilever

 

Standard Chartered

FTSE 250:

Dunelm Group

 

Redrow

 

Witan Investment Trust

 

Plus500

 

BBGI Global Infrastructure S.A.

 

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