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Morning Report - 28 June 2021

Friday’s UK 100 Leaders Price (p) % Chg
JD SPORTS FASHION PLC 952.6 4.4%
WPP PLC 1,002.5 2.3%
BHP GROUP PLC 2,160.0 2.1%
CRH PLC 3,766.0 2.1%
ASHTEAD GROUP PLC 5,410.0 2.1%

 

Friday’s UK 100 Laggards Price (p) % Chg
FLUTTER ENTERTAINMENT PLC-DI 13755.0 -4.3%
M&G PLC 234.3 -2.8%
ENTAIN PLC 1800.0 -2.6%
INTL CONSOLIDATED AIRLINE-DI 187.5 -2.5%
VODAFONE GROUP PLC 123.0 -1.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,136 0.4% 15.9%
DOW JONES INDUS. AVG 34,434 0.7% 37.7%
DAX INDEX 15,608 0.1% 29.1%
NIKKEI 225 29,048 -0.1% 28.8%
S&P/ASX 200 INDEX 7,307 0.0% 23.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.08 0.04%
Brent Crude (ICE) USD/bbl. 76.16 -0.03%
Gold Spot USD/t oz. 1,784 0.1%
Copper (Comex) USd/lb. 427 -0.5%

 

The UK 100 is called to open flat today at 7136.

1 Day; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open flat today at 7136. President Joe Biden’s infrastructure spending deal beat off concerns about rising inflation and interest rates on Friday to deliver an all green session Stateside on Friday, The Dow Jones rose 237.02 points, or 0.7%, to close at 34,433.84, sitting less than 2% from its record highs. The broader S&P climbed 0.3% to hit another closing record high of 4,280.70.  Stocks in the Asia were lower on Monday as official data showed profits at China’s industrial firms rose 36.4% in May as compared with a year earlier.  That was weaker than a 57% year-on-year growth posted in April.  The Shanghai Composite in China fell 0.13% and Hong Kong’s Hang Seng index slipped 0.08%  In Japan, the Nikkei 225 dipped 0.15%.

 

Company News & Broker Comments:

 

Company News:

 

Burberry CEO Marco Gobbetti is to step down at end of 2021.
Glencore are to buy venture partners stakes in Carrejon for $554m.
Greggs says the benefit of pent-up demand for retail in recent weeks has reduced, but that the level of sustained sales recovery has been stronger than anticipated. This sales recovery could lead to a "materially positive impact" on FY22.
John Wood reaches an agreement to resolve bribery and corruption investigations. They are to pay $177m in total penalties to resolve legacy investigations to be phased over the next 3 years with $62m in H2.
Lookers says FY outlook is significantly ahead of current expectations.
Petrofac says their engineering and construction unit is still hurt by the pandemic.
Serco wins COVID testing centre contract from UK department of health and social care that could be worth £322m for 12 months.

 

Broker Comments:

Exane BNP Downgrades Pennon Group to Neutral from Outperform (1 Buy / 10 Holds / 0 Sells)
HSBC Downgrades M&G to Hold from Buy (4 Buys / 5 Holds / 0 Sells)
HSBC Downgrades St James's place to Hold from Buy (8 Buys / 7 Holds / 0 Sells)

 

Reporting Today:

 

None

 

Reporting Tomorrow:

 

None

 

In Focus Today:

German Import Pricing Index

 

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