This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| ASTRAZENECA PLC | 9,150.0 | 4.0% |
| HARGREAVES LANSDOWN PLC | 1,298.0 | 1.6% |
| FRESNILLO PLC | 696.8 | 1.6% |
| SAGE GROUP PLC/THE | 679.2 | 1.6% |
| B&M EUROPEAN VALUE RETAIL SA | 592.2 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| POLYMETAL INTERNATIONAL PLC | 1070.5 | -8.5% |
| EVRAZ PLC | 267.0 | -5.7% |
| COCA-COLA HBC AG-DI | 2315.0 | -4.5% |
| SCOTTISH MORTGAGE INV TR PLC | 969.0 | -4.5% |
| ASHTEAD GROUP PLC | 4628.0 | -3.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,484 | -0.4% | 13.2% |
| DOW JONES INDUS. AVG | 34,079 | -0.7% | 8.2% |
| DAX INDEX | 14,731 | -2.1% | 5.3% |
| NIKKEI 225 | 26,450 | -1.7% | -12.3% |
| S&P/ASX 200 INDEX | 7,161 | -1.0% | 5.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 94.67 | 3.95% |
| Brent Crude (ICE) | USD/bbl. | 97.82 | 2.55% |
| Gold Spot | USD/t oz. | 1,912 | 0.3% |
| Copper (Comex) | USd/lb. | 449 | -0.8% |
Click graph to enlarge
The UK 100 is called to open -110 points today at 7374. The UK 100 is expected to open sharply lower as Russia ordered its troops into two rebel states in eastern Ukraine and recognised their independence. Us futures are significantly lower following the bank holiday closure of markets yesterday for Presidents’ Day. The Dow Jones were down by 542 points, or 1.59%. S&P futures slid 1.83%, and Nasdaq futures were off by 2.46%. Asian markets were off this morning also with the Nikkei falling 2%, while the Hang Seng fell by 3%.
Antofagasta reported a FY21 pretax profit of $3.48bn (2020: $1.41bn) and a FY21 final dividend of 118.9 cents per share.
Hargreaves Lansdown reports that their H1 pretax profit fell 20% YoY to £151.2m (from £188.4m) as net new business was down 28% YoY to £2.32bn.
HSBC reported a FY21 pretax profit of $18.9bn (2020: $8.8bn) which was just below average analyst estimates of $19.1bn. They will buy back up to $1bn of its own shares, after the conclusion of an existing $2bn buyback programme.
IHG reported a FY21 pretax profit of $361m (2020: $280m loss) as revenue from fee business increased 40% YoY to $1.15bn. Their FY21 total dividend came in at 85.9 cents per share (2020: No dividend).
John Wood Group expects to take a $100m exceptional charge in 2021 results, which relates to assessment of future customer recoveries for Aegis Poland.
Smith & Nephew announce that Deepak Nath has been appointed as their new CEO effective 1st April, succeeding Roland Diggelmann, who will step down by mutual agreement. They reported a FY pretax profit of $586m and declared a final dividend of 23.1 cents per share.
Jefferies Downgrades Pennon Group to Underperform from Hold (1 Buy / 8 Holds / 0 Sells)
Jefferies Downgrades Severn Trent to Underperform from Hold (1 Buy / 10 Holds / 0 Sells)
Jefferies Downgrades United Utilities to Hold from Buy (3 Buys / 6 Holds / 2 Sells)
Antofagasta
Coca-Cola HBC
HSBC
Hargreaves Lansdown
Intercontinental Hotels Group
Smith & Nephew
Barclays
Capital & Counties Properties
Rio Tinto
Unite Group
German IFO – Business Climate
BoE's Ramsden speech
US Housing Price Index
US Markit Manufacturing PMI
US Consumer Confidence
FTSE 100:
Diageo
GlaxoSmithKline
AstraZeneca
Unilever
Standard Chartered
FTSE 250:
Dunelm Group
Redrow
Witan Investment Trust
Plus500
BBGI Global Infrastructure S.A.
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.
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.