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Morning Report - 15 March 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
DS SMITH PLC 325.2 5.9%
FERGUSON PLC 11,670.0 5.9%
PERSIMMON PLC 2,292.0 5.5%
BARCLAYS PLC 170.0 5.5%
SMURFIT KAPPA GROUP PLC 3,312.0 5.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
GLENCORE PLC 481.6 -5.8%
ANGLO AMERICAN PLC 3698.5 -5.2%
RIO TINTO PLC 5299.0 -4.8%
FLUTTER ENTERTAINMENT PLC-DI 8726.0 -2.5%
PRUDENTIAL PLC 1044.0 -2.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,193 0.5% 6.6%
DOW JONES INDUS. AVG 32,945 0.0% 0.0%
DAX INDEX 13,929 2.2% -4.0%
NIKKEI 225 25,346 0.2% -14.9%
S&P/ASX 200 INDEX 7,097 -0.7% 4.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 98.02 -4.84%
Brent Crude (ICE) USD/bbl. 101.62 -4.94%
Gold Spot USD/t oz. 1,933 -0.9%
Copper (Comex) USd/lb. 451 -0.3%

 

The UK 100 is called to open -90 points today at 7100

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -90 points today at 7100. The UK’s blue-chip index looks set for a weaker open after yesterday's strong start to the week,  as global uncertainty over the situation in the Ukraine intensifies.  Reports on the ground in Kyiv indicating that Russian shelling continues to rain down on Ukraine’s capital, while the President Volodymyr Zelenskyy confirmed that negotiations with Russia are set to continue today.  On Wall Street yesterday, the US tech-focused Nasdaq index declined over 2% amid higher bond yields, but the blue-chip Dow Jones was flat.  In Asia this morning, the Hang Seng was down 4.2% and Shanghai Composite has fallen 3.3% so far.

 

Company News & Broker Comments:

 

Company News:

Close Brothers report a H1 operating profit before tax of £128.9m.
Ferguson reports a Q2 operating profit of $555m (+74% YoY). They note strong sales growth in Q2 on core strengths driving market share gain.
Imperial Brands now expects FY constant currency net revenue growth of 0-1% due to financial impact of exit from Russia.
Rentokil says acquisition of Terminix is expected to create significant value.
TP ICAP reported an 81% fall in annual profit as market volatility eased from the frenzy of 2020 when the COVID-19 pandemic set in. They reported a 2021 pretax profit of £24m (2020: £129m profit).

Broker Comments

 

Kepler Cheuvreux Downgrades Hunting to Hold from Buy (3 Buys / 1 Hold / 0 Sells)

 

Reporting Today:

 

Close Brothers

 

Ferguson

 

Genuit Group

 

Informa

 

TI Fluid systems

 

TP ICAP

 

Ultra Electronics Holdings

 

Reporting Tomorrow:

 

4imprint Group

 

CLS Holdings

 

Centamin

 

Computacenter

 

In Focus Today:

 

Eurogroup Meeting

 

Chinese Industrial Production

 

Chinese NBS Press Conference

 

Chinese Retail Sales

 

UK Claimant Count Change

 

UK ILO Unemployment Rate

 

EU Industrial Production s.a.

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Economic Sentiment

 

US Producer Price Index ex Food & Energy

 

Japanese Imports/Exports

 

This Week's Ex-Dividends:

 

FTSE 100:

M&G

 

NatWest Group

 

Anglo American

 

Hikma Pharmaceuticals

 

SEGRO

 

FTSE 250:

BlackRock World Mining Trust

 

Crest Nicholson Holdings

 

BB Healthcare Trust

 

Spirent Communications

 

Dunelm Group

 

HgCapital Trust

 

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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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