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Morning Report - 21 March 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
OCADO GROUP PLC 1,189.0 7.6%
ENTAIN PLC 1,722.5 4.4%
KINGFISHER PLC 294.5 3.3%
BERKELEY GROUP HOLDINGS/THE 4,131.0 3.1%
LLOYDS BANKING GROUP PLC 49.1 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
AIRTEL AFRICA PLC 143.0 -2.5%
ITV PLC 83.8 -2.4%
ANTOFAGASTA PLC 1627.0 -2.3%
BP PLC 360.4 -2.1%
M&G PLC 212.8 -1.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,405 0.3% 10.4%
DOW JONES INDUS. AVG 34,755 0.8% 6.5%
DAX INDEX 14,413 0.2% -1.4%
NIKKEI 225 26,827 0.7% -10.0%
S&P/ASX 200 INDEX 7,279 -0.2% 8.5%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 108.35 3.49%
Brent Crude (ICE) USD/bbl. 111.47 3.28%
Gold Spot USD/t oz. 1,925 0.2%
Copper (Comex) USd/lb. 467 -1.5%
The UK 100 is called to open flat today at 7404.   

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open flat today at 7404.   The index of UK blue-chips looks set to open where it left off on Friday.  The latest news to come out of the conflict is that Putin and Zelensky will meet face to face to discuss a ceasefire. Asian shares were lower on Monday as oil prices rose in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 3.2% to $111.38 per barrel.  The Shanghai Composite in China dipped 0.05% and Hong Kong’s Hang Seng index fell 0.92%.  South Korea’s Kospi declined 0.77% while markets in Japan were closed for a holiday.

 

Company News & Broker Comments:

 

Company News:

AstraZeneca: Bristol Myers Squibb has made a lawsuit public against AstraZeneca's cancer treatment drug Imfinzi stating that it violates patents related to their cancer drug Opdivo.

 

Photo-Me International says their FY21 results were at the upper end of its expectations, as they expect performance to return to closer to pre-pandemic levels.

 

Plus500 enters Japanese market with the purchase of EZ Invest Securities company.

 

PZ Cussons buys child personal care company Childs Farm for £36.8m.

 

Tullow Oil completes pre-emption of Occidental Petroleum's stake in fields in Ghana, paying $118m on completion in cash.

 

 

Broker Comments

Exane BNP Downgrades Derwent London to Neutral from Outperform (8 Buys / 4 Holds / 1 Sell)

 

Exane BNP Downgrades Segro to Neutral from Outperform (7 Buys / 7 Holds / 0 Sells)

 

Jefferies Downgrades Hargreaves Lansdown to Underperform from Hold (5 Buys / 6 Holds / 2 Sells)

 

Reporting Today:

 

Endeavour Mining*

 

 

Reporting Tomorrow:

 

Diversified Eergy Company

 

Softcat

 

Trustpilot

 

Kingfisher*

 

 

In Focus Today:

 

PBoC Interest Rate Decision

 

German Producer Price Index

 

Chicago Fed National Activity Index

 

This Week's Ex-Dividends:

 

FTSE 100:

Schroders

 

British American Tobacco

 

Pearson

 

Prudential

 

Ferguson

 

FTSE 250:

OSB Group

 

CLS Holdings

 

Close Brothers Group

 

Greggs

 

XP Power

 

Volution Group

 

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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