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Morning Report - 1 December 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
JD SPORTS FASHION PLC 776.2 5.9%
SPIRAX-SARCO ENGINEERING PLC 11,135.0 2.6%
EXPERIAN PLC 2,646.0 2.4%
LONDON STOCK EXCHANGE GROUP 8,106.0 2.4%
AUTO TRADER GROUP PLC 560.6 2.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
PHOENIX GROUP HOLDINGS PLC 716.8 -8.8%
COMPASS GROUP PLC 1324.0 -6.6%
BP PLC 247.7 -5.8%
ROYAL DUTCH SHELL PLC-B SHS 1234.2 -5.4%
FRESNILLO PLC 1052.5 -5.4%
Major World Indices Price % Chg 1 YEAR
FTSE 100 INDEX 6,266 -1.6% -14.7%
DOW JONES INDUS. AVG 29,639 -0.9% 5.7%
DAX INDEX 13,291 -0.3% 0.4%
NIKKEI 225 26,788 1.3% 15.0%
S&P/ASX 200 INDEX 6,589 1.1% -3.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 45.05 -0.64%
Brent Crude (ICE) USD/bbl. 47.59 -1.22%
Gold Spot USD/t oz. 1,789 0.7%
Copper (Comex) USd/lb. 346 0.7%
UK 100 called to open +30 points this morning at 6297. 

4 Hours; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +30 points this morning at 6297.  A positive open is expected to kick off December after a 101-point fall on the last day of November, the UK 100 still enjoyed its best month since 1989 with a gain of 611 points or 10.8% to 6,266.19.  It was a different story on Wall Street yesterday, the Dow Jones dropped 271 points or 0.9% to 29,638.64, the S&P 500 slipping 0.5%, with the best performing index being the Nasdaq which closed down marginally.

 

Company News:

AstraZeneca will sell rights to its cholesterol drug, Crestor, to German pharmaceutical company Grunenthal for an upfront $320m in cash. This will allow the German company to sell Crestor and associated medicines in more than 30 countries.

Tate & Lyle acquires Sweet Green Fields (SGF) a leading global stevia solutions business. Will strengthen Tate's position as leading provider of innovative sweetener solutions. This purchase also extends Tate & Lyles presence in the faster growing Asia Pacific region.

Topps Tiles posts a 78% fall in full-year profit and did not propose a final dividend as the pandemic forced the company to close stores in the third quarter. Adjusted profit before tax slumped to £3.6m for the 52 weeks ended Sept.26 from £16m a year earlier.

Pets at Home sells five specialist referral centres to veterinary company Linnaeus for £100m as it looks to focus on its consumer-facing business.

Weir Group wins £95m aftermarket order to support Iron Bridge Magnetite project in Australia.

Reporting Today:

 

 

Foxtons Group

 

 

Reporting Tomorrow:

 

 

Avon Rubber

 

 

 

In Focus Today:

 

Eurozone Consumer Price Index

Fed's Chair Powell testifies

US ISM Manufacturing PMI

Chinese Caixin Manufacturing PMI

EcoFin Meeting

UK Markit Manufacturing PMI

German Markit Manufacturing PMI

US Markit Manufacturing PMI

 

This Week's Ex Dividends:

 

UK 100:

 

Severn Trent

3i Group

Bunzl

 

UK 250:

 

Templeton Emerging Markets IT

ContourGlobal

Fidelity Special Values

Big Yellow Group

RHI Magnesita N.V.

Hochschild Mining

Alternative Credit Investments

AVI Global Trust

LXI REIT

Liontrust Asset Management

Hill & Smith Holdings

Pets At Home Group

Caledonia Investments

Alliance Trust

Personal Assets Trust

 

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