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Morning Report - 1 February 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
AIRTEL AFRICA PLC 152.5 5.9%
SCOTTISH MORTGAGE INV TR PLC 1,079.0 5.0%
OCADO GROUP PLC 1,504.0 4.3%
PERSHING SQUARE HOLDINGS LTD 2,770.0 3.9%
SPIRAX-SARCO ENGINEERING PLC 13,255.0 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
RIO TINTO PLC 5185.0 -3.7%
ANGLO AMERICAN PLC 3228.0 -2.8%
SAINSBURY (J) PLC 290.7 -2.8%
GLENCORE PLC 383.0 -2.6%
BAE SYSTEMS PLC 577.2 -2.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,464 0.0% 16.5%
DOW JONES INDUS. AVG 35,132 1.2% 17.2%
DAX INDEX 15,471 1.0% 15.2%
NIKKEI 225 27,002 1.1% -3.9%
S&P/ASX 200 INDEX 6,972 -0.2% 4.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 88.15 1.53%
Brent Crude (ICE) USD/bbl. 91.21 1.31%
Gold Spot USD/t oz. 1,797 0.0%
Copper (Comex) USd/lb. 432 0.3%
The UK 100 is called to open +40 points today at 7500. 

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +40 points today at 7500.   The UK 100 looks set to start the month in positive fashion, this comes on the back of a Rollercoaster session in the US overnight, led by a barnstorming fightback for the recently struggling Nasdaq, which jumped 3.4%, followed by the S&P’s 1.9% gain and a rise of 1.2% for the Dow Jones.  This morning saw shares in Asia rise, however, markets in mainland China, Hong Kong, South Korea and Singapore were closed for a holiday.  The Nikkei in Japan gained 0.28% while Hong Kong’s Hang Seng index surged 1.07%.

 

 

 

Company News & Broker Comments:

 

Company News:

Cineworld talks with dissenting shareholders of Regal Entertainment on rescheduling payments, aimed at maximising liquidity.

 

 

Johnson & Matthey sells its advanced glass technologies business to JM and Fenzi Holdings for £178m.

 

 

Micro Focus completes the disposal of digital safe business for $335m, with net proceeds to be used to reduce debt.

 

 

Shell completes the acquisition of energy retailer Powershop Australia.

 

 

Virgin Money report that Q1 trading was in line with board expectations, as mortgages fell by 0.5% QoQ to £57.79bn.

 

 

Broker Comments

HSBC Upgrades Fevertree to Buy from Hold (7 Buys / 6 Holds / 2 Sells)

 

 

JP Morgan reinitiates Smiths Group with Overweight (3 Buys / 5 Holds / 0 Sells)

 

 

 

Reporting Today:

 

Hargreaves Lansdown

 

Virgin Money

 

 

 

 

Reporting Tomorrow:

 

Severn Trent

 

Vodafone Group

 

 

 

In Focus Today:

 

 

German Retail Sales

 

German Markit Manufacturing PMI

 

German Unemployment Change

 

EU ECB Bank Lending Survey

 

UK Markit Manufacturing PMI

 

EU Unemployment Rate

 

US Markit Manufacturing PMI

 

US ISM Manufacturing PMI

 

 

 

 

 

This Week's Ex-Dividends:

 

FTSE 100:

 

 

FTSE 250:

 

GCP Infrastructure Investments

 

Edinburgh Investment Trust

 

IG Group Holdings

 

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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