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Morning Report - 22 September 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
ENTAIN PLC 2,261.0 18.0%
PERSHING SQUARE HOLDINGS LTD 2,725.0 5.0%
ROYAL DUTCH SHELL PLC-B SHS 1,484.6 3.8%
ROYAL DUTCH SHELL PLC-A SHS 1,489.0 3.6%
FLUTTER ENTERTAINMENT PLC-DI 15,270.0 3.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
KINGFISHER PLC 349.9 -4.9%
COMPASS GROUP PLC 1453.0 -2.2%
ANTOFAGASTA PLC 1329.0 -1.9%
LLOYDS BANKING GROUP PLC 42.5 -1.6%
POLYMETAL INTERNATIONAL PLC 1333.5 -0.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,981 1.1% 19.8%
DOW JONES INDUS. AVG 33,920 -0.2% 25.0%
DAX INDEX 15,349 1.4% 22.4%
NIKKEI 225 29,639 -0.7% 27.1%
S&P/ASX 200 INDEX 7,297 0.3% 26.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.57 1.53%
Brent Crude (ICE) USD/bbl. 75.42 1.43%
Gold Spot USD/t oz. 1,780 0.3%
Copper (Comex) USd/lb. 422 2.3%
The UK 100 is called to open +42 today at 7022.

1 day; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +42 today at 7022. A positive open is expected today for the UK's Blue chip index ahead of the Fed interest rate decision, even though there are still concerns about China’s Evergrande, But losses were capped after the heavily indebted Chinese property giant said it would make an bond coupon due on Thursday, offering some relief to investors
worried about a possible default. In Asia this morning stocks were mixed, China’s Shanghai Composite dropped more than 1% in early trade but recouped its losses to trade 0.20% higher while stock markets in Hong Kong and South Korea are closed for a holiday. On Wall Street yesterday the Dow Jones Industrial average lost 50.63 points, or 0.15%, to trade at 33,919.84. The S&P shed about 0.1% to close at 4,354.19, following its worst day since May on Monday. However, the Nasdaq bucked the trend and rose 0.2% to 14,746.40 as investors bought some major tech shares on the dip.

 

 

Company News & Broker Comments:

 

Company News:

BT are in advanced talks to sell BT Sport to DAZN.
 
Entain confirms it has received an offer from DraftKings worth 2,800p per share of which they are carefully considering. They state that the proposal is a possible offer with no certainty that full offer will be made.
Halma reports that their H1 performance is ahead of expectations with revenue and order growth.
Meggitt Shareholders approve Parker-Hannifin takeover.
 
PZ Cussons reports that their FY adjusted pretax profit from continuing operations rose 11% to £68.6m. FY revenue rose 2.7% to £603.3m as they propose a final dividend of 3.42p, totalling 6.09p for the FY. FY22 pretax profit is set to meet expectations assuming no further disruption.
Saga posted a small profit of £700,000 for H1 compared to a loss in 2020, with earnings from its insurance division making up for the shortfall in its cruise operations during the pandemic. They state that bookings for the next fiscal year and year after were already ahead of pre-pandemic levels but added that there was still uncertainty on the longer-term impact of COVID-19 on the travel industry.

 

Broker Comments

 

Societe Generale Upgrades Burberry to Buy from Hold (4 Buys / 10 Holds / 1 Sell)

 

Reporting Today:

 

Oxford BioMedica

PZ Cussons

 

Reporting Tomorrow:

 

Harbour Energy

Royal Mail Group

 

In Focus Today:

 

 

PBoC Interest Rate Decision

BoJ Interest Rate Decision

Fed Interest Rate Decision

EU Consumer Confidence

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

 

Hargreaves Lansdown

Smurfit Kappa Group

 

FTSE 250:

 

IG Group Holdings

Redrow

Crest Nicholson Holdings

Wickes Group

Fidelity European Trust

Essentra

Computacenter

Mercantile Investment Trust

 

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