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Morning Report - 23 September 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
ANTOFAGASTA PLC 1,420.5 6.9%
ENTAIN PLC 2,377.0 5.1%
STANDARD CHARTERED PLC 429.4 4.7%
HSBC HOLDINGS PLC 375.4 4.4%
PRUDENTIAL PLC 1,421.0 4.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
SEVERN TRENT PLC 2775.0 -1.5%
KINGFISHER PLC 345.0 -1.4%
UNITED UTILITIES GROUP PLC 1030.5 -1.3%
NATIONAL GRID PLC 947.0 -1.1%
ASTRAZENECA PLC 8617.0 -1.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,083 1.5% 20.1%
DOW JONES INDUS. AVG 34,258 1.0% 28.0%
DAX INDEX 15,507 1.0% 22.7%
NIKKEI 225 29,639 -0.7% 27.0%
S&P/ASX 200 INDEX 7,370 1.0% 24.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.39 0.22%
Brent Crude (ICE) USD/bbl. 76.34 0.20%
Gold Spot USD/t oz. 1,763 -0.3%
Copper (Comex) USd/lb. 420 -1.1%

 

The UK 100 is called to open +42 today at 7125.

1 day; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +42 today at 7125. A positive open is expected this morning to follow US markets higher which last night got a little clarity over the closely eyed taper timetable and anxiety over the Evergrande crisis and a possible Chinese spill-over receded to the background. During trading on Wall Street the Dow Jones closed 338 points or 1%, at 34,258, whilst the S&P similarly gained 0.95% to finish the session at 4,395. The Nasdaq also added 1.02% to end its trading day at 14,896. In Asia this morning it was more mixed, Japan’s Nikkei traded 0.67% lower at 29,639 whilst Hong Kong’s Hang Seng gained 0.43% to 24,325. Meanwhile, the Shanghai Composite index added 0.37% to 3,641.

 

 

Company News & Broker Comments:

 

Company News:

CVS Group reports a FY pretax profit of £33.1m up from £9.9m previously.
 
DFS says they are "well placed" to achieve £85m pretax profit target in FY22 even though logistics, inflation and COVID absences are making operations difficult.
GSK: Bluebell Capital Partners has taken a stake worth around 10m euros in GSK in an effort to shake up top management.
Investec expects their H1 2022 adjusted pretax profit to be around £265-293m (2021: £142.5m).
Mitchells & Butlers says total YTD sales are at around 45% of pre-COVID levels.
Playtech H1 2021 actual pretax profit came in at 278.1m euros (2020: 19.2m euros loss).
Reckitt Benckiser still expects like-for-like net revenue growth of 0-2% in 2021.
Royal Mail says domestic parcel volumes are up around a third compared to pre-COVID as they are maintaining their share of the market.

 

Broker Comments

 

 No new broker comments

 

Reporting Today:

 

Harbour Energy

Royal Mail Group

 

Reporting Tomorrow:

 

None

 

In Focus Today:

German Markit Manufacturing PMI

EU Markit PMI Composite

BoE Interest Rate Decision

EU Economic Bulletin

EU Markit Services PMI

German Markit Services PMI

UK Markit Manufacturing PMI

US Initial Jobless Claims

 

Today'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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