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Morning Report - 17 March 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
BRITISH LAND CO PLC 532.0 4.6%
ROLLS-ROYCE HOLDINGS PLC 122.9 4.1%
LAND SECURITIES GROUP PLC 705.8 4.0%
ASTRAZENECA PLC 7,232.0 3.6%
OCADO GROUP PLC 2,189.0 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
JUST EAT TAKEAWAY 7182.0 -2.2%
ROYAL DUTCH SHELL PLC-B SHS 1459.0 -1.8%
ROYAL DUTCH SHELL PLC-A SHS 1523.4 -1.7%
CRH PLC 3379.0 -1.6%
BP PLC 311.3 -1.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,804 0.8% 28.5%
DOW JONES INDUS. AVG 32,826 -0.4% 54.6%
DAX INDEX 14,558 0.7% 62.9%
NIKKEI 225 29,914 0.0% 75.9%
S&P/ASX 200 INDEX 6,795 -0.5% 28.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 65.22 0.65%
Brent Crude (ICE) USD/bbl. 68.78 0.57%
Gold Spot USD/t oz. 1,736 0.3%
Copper (Comex) USd/lb. 410 0.7%
UK 100 is called to open -10 points this morning at 6793.

1 Day; 11 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open -10 points this morning at 6793.  The UK blue chip index is set to open slightly lower this morning as traders wait to see the outcome of todays Federal Reserve meeting and interest rate decision.  It was a mixed performance in US stocks yesterday, with the Dow Jones closing down by 0.39% at 32,825 while the S&P fell 0.16% to 3,962. The Nasdaq was the one positive index stateside, rising 0.09% to 13,471.  It was also a muted session in Asia this morning, with Japan’s Nikkei 225 down 0.02% while Hong Kong’s Hang Seng fell 0.26%.

 

Company News & Broker Comments:

 

 

Company News:

Capita have unveiled a plan to reorganise its business into three divisions and raise £700m from selling non-core assets as the British outsourcer seeks to accelerate a turnaround.

 

Dignity reports that its FY 2020 revenue has risen to £357.5m (2019: £338.9m) and that they have swung to a loss of £19.6m (2019: £44.1m). They state that their operating performance has been robust, despite the pandemic.

 

Ferrexpo's  2020 pretax profit increased 63% to $747.9m and they have announced a special interim dividend of 39.6 US cents per share.

 

G4S shareholders have accepted a £3.8bn takeover offer from Allied Universal.

 

Hargreaves Lansdown expects their FY21 pretax profit to be above top end of market expectations.

 

Serco Group wins rebid at Goose Bay in Canada worth up to £870m.

 

Broker Comments:

Berenberg Upgrades DS Smith to a Buy from Hold (3 Buys / 6 Holds / 1 Sell)

 

Berenberg initiates coverage of Mondi with a Hold (5 Buys / 4 Holds / 0 Sells)

 

Berenberg starts Smurfit Kappa with a Buy (2 Buys / 1 Hold / 0 Sells)

 

JP Morgan Upgrades Rolls-Royce to Neutral from underweight (3 Buys / 8 Holds / 3 Sells)

 

 

Reporting Today:

 

Ferrexpo

 

Reporting Tomorrow:

 

888 Holdings

National Express Group

Ocado

Vectura Group

 

 

In Focus Today:

 

 

US FOMC Economic Projections

Fed Interest Rate Decision

Fed's Monetary Policy Statement

FOMC Press Conference

EU Consumer Price Index

US Building Permits

US Housing Starts

 

Tomorrow's Ex Dividends:

 

UK 100:

 

SEGRO

Anglo American

Hikma Pharmaceuticals

CRH

M&G

 

 

UK 250:

 

Dunelm Group

BlackRock World Mining Trust

Tritax Big Box REIT

Spirent Communications

 

 

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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