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Morning Report - 24 August 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
SAINSBURY (J) PLC	340.0	15.4%
ROLLS-ROYCE HOLDINGS PLC	113.7	3.3%
EVRAZ PLC	560.0	2.9%
BURBERRY GROUP PLC	1,877.0	2.9%
PRUDENTIAL PLC	1,495.0	2.8%

Yesterday’s UK100 Laggards	Price (p)	% Chg
BT GROUP PLC	168.2	-3.0%
SSE PLC	1635.0	-1.9%
PERSHING SQUARE HOLDINGS LTD	2495.0	-1.8%
SMITH & NEPHEW PLC	1407.0	-1.3%
ASTRAZENECA PLC	8624.0	-1.2%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,109	0.3%	16.5%
DOW JONES INDUS. AVG	35,336	0.6%	26.5%
DAX INDEX	15,853	0.3%	24.2%
NIKKEI 225	27,732	0.9%	20.7%
S&P/ASX 200 INDEX	7,503	0.2%	22.4%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	65.92	0.43%
Brent Crude (ICE)	USD/bbl.	69.09	0.49%
Gold Spot	USD/t oz.	1,804	-0.1%
Copper (Comex)	USd/lb.	422	-0.1%

The UK 100 is called to open +10 points today at 7119.

1 day; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +10 points today at 7119. Calls for a positive open this morning come after the U.S. Food and Drug Administration granted full approval of Pfizer and BioNTech’s COVID-19 vaccine on Monday. Stocks in Asia caught a bid and were strongly higher on Tuesday morning, the Shanghai Composite in China jumped 1.30% and Hong Kong’s Hang Seng index surged 1.83%. In Japan, the Nikkei 225 rose 1.03%. On Wall Street yesterday it was a similar story, the S&P added 0.8% to reach 4,479.53, just shy of a record close. The tech-heavy Nasdaq rose about 1.5% to 14,942.65 to hit a record closing high. The Dow Jones gained 215.63 points, or 0.6%, to 35,335.71.

Company News & Broker Comments:

Company News:

John Wood Group forecast lower annual revenue after the engineering and consultancy firm reported a 14.1% fall in H1 profit, hurt by a drop in contracts from the energy sector due to weak oil demand. H1 adjusted core profit came in at $262m (2020: $305m profit).

PureTech Health swings to a pretax loss in H1 of $94.9m.

Broker Comments

Credit Suisse Downgrades Pennon to Underperform from Neutral (0 Buys / 10 Holds / 1 Sell)

Reporting Today:

John Wood Group

Puretech Health

Reporting Tomorrow:

Grafton Group

In Focus Today:

German Gross Domestic Product

US New Home Sales

This Week's Ex-Dividends:

FTSE 100:

Aviva

Diageo

Land Securities Group

Mondi

Auto Trader Group

St. James's Place

FTSE 250:

Plus500

Apax Global Alpha

Drax Group

Henderson Smaller Cos Inv Tst

HICL Infrastructure

RHI Magnesita N.V.

OSB Group

BlackRock World Mining Trust

Ultra Electronics Holdings

4imprint Group

Capital & Counties Properties

Personal Assets Trust

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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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