Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 17 November 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
VODAFONE GROUP PLC 117.9 4.8%
LAND SECURITIES GROUP PLC 736.4 3.7%
BRITISH LAND CO PLC 533.4 3.1%
AVEVA GROUP PLC 3,361.0 2.9%
INTERTEK GROUP PLC 5,270.0 2.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
DARKTRACE PLC 544.0 -4.3%
ASTRAZENECA PLC 8602.0 -4.1%
SAGE GROUP PLC/THE 729.0 -2.7%
ASSOCIATED BRITISH FOODS PLC 1967.5 -2.7%
GLAXOSMITHKLINE PLC 1558.0 -1.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,327 -0.3% 15.1%
DOW JONES INDUS. AVG 36,142 0.2% 21.4%
DAX INDEX 16,248 0.6% 23.7%
NIKKEI 225 29,688 -0.4% 14.1%
S&P/ASX 200 INDEX 7,370 -0.7% 13.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.97 -0.98%
Brent Crude (ICE) USD/bbl. 81.64 -0.96%
Gold Spot USD/t oz. 1,856 0.3%
Copper (Comex) USd/lb. 435 -0.2%
The UK 100 is called to open -20 points today at 7306

4 hours; 2 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -20 points today at 7306.  A softer open is expected today ahead of todays UK inflation data, it was a positive session last night onWall Street, the Dow Jones notched a slight gain rising 54 points or 0.15% to close at 36,142.  The S&P also gained, by 0.39% to finish the session at 4,700 whilst the Nasdaq strengthened 0.76% to 15,973. Small cap focussed Russell 2,000 was up 0.17% as it closed at 2,405.  The session was more mixed this morning in Asia, Japan’s Nikkei was down 0.4% at 29,688 and Hong Kong’s Hang Seng was similarly off by 0.44% at 25,599. The Shanghai Composite was slightly higher, up 0.37% at 3,535.

 

Company News & Broker Comments:

 

Company News:

British Land swung to a HY profit as the sector gradually recovers after the coronavirus pandemic pummelled rent levels and valuations of firms exposed to office and retail spaces. HY Profit came in at £370m for the six months ended sept 30th (2020: £730m loss).
Experian have raised their FY outlook for the third time after they reported a 24% jump in H1 operating profit on increased demand for its services. They posted H1 earnings before interest and taxes of $806m.
Glencore sells 100% of Ernest Henry Mining to Evolution Mining for AUD1b.
GSK gets Nucala approval for three more eosinophil-driven diseases.
Sage Group reported a 10% drop in FY organic operating profit to £343m as investment in its cloud offer squeezed its margin to 19.3% from 22% a year ago. Their organic recurring revenue grew 5.4%, driven by growth in Sage Business Cloud of 19%.
SSE posted a 30% rise in interim pre-tax profits as the pledge to invest £12.5bn to 2026 in clean energy projects. Pretax profits for HY were £174.2m (2020: £133.9m). The investment announcement represents £1bn of additional capex per year over its previous investment plan.

Broker Comments

 Jefferies Downgrades Marks & Spencer to Hold from Buy (9 Buys / 9 Holds / 0 Sells)

 

Reporting Today:

 

British Land

Experian

SSE

Safestore Holdings

Sage Group

Spirax-Sarco Engineering

Workspace

 

Reporting Tomorrow:

 

Biffa

Close Brothers

Grainger

Halma

Investec

Londonmetric Property

Micro Focus

Mitie Group

National Grid

Royal Mail Group

TBC Bank

 

In Focus Today:

 

UK Consumer Price Index

UK Retail Price Index

EU Financial Stability Review

US Building Permits

US Housing Starts

Fed's Williams speech

Fed's Waller speech

Fed's Evans speech

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

 

Bunzl

GlaxoSmithKline

Pershing Square Holdings

Scottish Mortgage Investment Trust

DCC

B&M European Value Retail S.A.

 

FTSE 250:

 

Genus

Volution Group

Bytes Technology Group

Witan Investment Trust

Scottish American Investment Company

Worldwide Healthcare Trust

 

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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.