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Morning Report - 11 January 2021

Friday’s UK 100 Leaders Price (p) % Chg
HARGREAVES LANSDOWN PLC 1,655.0 5.4%
BARRATT DEVELOPMENTS PLC 720.0 4.5%
OCADO GROUP PLC 2,481.0 4.3%
COMPASS GROUP PLC 1,473.5 4.2%
JUST EAT TAKEAWAY 8,992.0 3.5%

 

Friday’s UK 100 Laggards Price (p) % Chg
FRESNILLO PLC 1204.5 -3.5%
ROLLS-ROYCE HOLDINGS PLC 107.3 -3.4%
POLYMETAL INTERNATIONAL PLC 1770.5 -3.0%
BT GROUP PLC 143.0 -2.6%
SAINSBURY (J) PLC 242.8 -2.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,873 0.2% -9.4%
DOW JONES INDUS. AVG 31,098 0.2% 7.9%
DAX INDEX 14,050 0.6% 4.2%
NIKKEI 225 28,139 2.4% 18.0%
S&P/ASX 200 INDEX 6,697 -0.9% -3.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 51.64 -1.15%
Brent Crude (ICE) USD/bbl. 55.09 -1.61%
Gold Spot USD/t oz. 1,845 -0.3%
Copper (Comex) USd/lb. 361 -1.8%
UK 100 called to open -23 points this morning at 6852. 

1 Hour; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -23 points this morning at 6852.  Calls for a slightly subdued open come on the back of a mixed session overnight in Asia, in China we saw the producer price index fell 0.4% in December as compared to a year earlier, according to the country’s Bureau of Statistics, this lead to mainland Chinese stocks slipping with The Shanghai composite declining 0.78% while Hong Kong’s Hang Seng index advanced 0.22%.  This paired with fears of UK Prime Minister Boris Johnson reportedly mulling even tighter restrictions on the general population with the NHS starting to become overwhelmed by Covid hospitalisations.  Among the measures being floated are compulsory masks outside and people only being allowed out once a week to exercise have seen the slight pull back premarket.

 

Company News:

British Land says that their retail and rent collection level for previous quarters have continued to increase. They have now received 99% of September rent, 99% of June rent and 98% of March rent in offices.

 

EasyJet have announced a new five-year term loan facility of $1.87bn, backed by a partial guarantee from Britian and said it would repay some of its shorter-term debt.

 

JD Sports expects FY headline profit before tax to be 5-10% ahead of prior year.

 

Royal Mail have announced that Simon Thompson will take over as CEO of its UK business when interim CEO Stuart Simpson leaves the company at the end of the month.

 

SIG expects losses for 2020 to be at the "better end" of its expectations and that it could return to profitability in H2 2021, as the building materials supplier recovers from the COVID-19 pandemic fallout. They expect an underlying operating loss for 2020 to be between £57-61m.

 

 

Reporting Today:

 

SIG

Abcam

 

Reporting Monday:

 

Auto Trader Group plc

Ferrexpo plc

JD Sports Fashion plc

Rathbone Brothers plc

THG plc

Vistry Group Plc

XP Power Limited

Games Workshop Group

 

In Focus Today:

 

 

Chinese Consumer Price Index

BoE Governor Bailey Speech

Chinese Producer Price Index

 

 

This Week's Ex Dividends:

 

UK 100:

 

SSE

Sage Group

Ashtead Group

B&M European Value Retail S.A

 

UK 250:

 

Cairn Energy

Future

Ferrexpo

BMO Commercial Property Trust

Primary Health Properties

 

 

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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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