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Morning Report - 2 December 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
BT GROUP PLC	166.3	4.9%
INTERMEDIATE CAPITAL GROUP	2,185.0	4.6%
MONDI PLC	1,791.5	4.2%
LONDON STOCK EXCHANGE GROUP	6,752.0	3.9%
DARKTRACE PLC	476.6	3.6%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
OCADO GROUP PLC	1739.5	-3.1%
CRODA INTERNATIONAL PLC	9816.0	-3.0%
PEARSON PLC	583.4	-1.7%
HARGREAVES LANSDOWN PLC	1327.5	-0.7%
POLYMETAL INTERNATIONAL PLC	1364.0	-0.6%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,169	1.6%	10.9%
DOW JONES INDUS. AVG	34,022	-1.3%	13.9%
DAX INDEX	15,473	2.5%	16.2%
NIKKEI 225	27,753	-0.7%	3.6%
S&P/ASX 200 INDEX	7,225	-0.2%	9.6%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	66.92	2.06%
Brent Crude (ICE)	USD/bbl.	70.22	1.96%
Gold Spot	USD/t oz.	1,776	-0.3%
Copper (Comex)	USd/lb.	426	0.2%

The UK 100 is called to open -68 points today at 7100.

4 hours; 9 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -68 points today at 7100. A sharp retrace is expected this morning for the UK’s blue chip index, having seen triple digit growth on Wednesday as the first confirmed case of the omicron variant was confirmed in the US. On Wall Street yesterday early gains were quickly wiped out leading to an all red day, having been up almost 400 points at one point, the Dow Jones closed down 1.3% with falls of over 1% for the two other main indices. In Asia this morning stocks were mixed, China’s Shanghai Composite slipped 0.07% and Hong Kong’s Hang Seng index rose 0.26%. The Nikkei in Japan dipped 0.65% while South Korea’s Kospi surged 1.57%.

Company News & Broker Comments:

Company News:

AJ Bell have appointed Peter Birch as their new CFO with effect from July 1st 2022. They report that their FY pretax profit rose 13% to £55.1m (2020: £48.6m) and declare a special dividend of 5p per share.

Aston Martin CFO Kenneth Gregor is to leave his role by end of June 2022.

GSK finds that antibody sotrovimab retains activity vs Omicron COVID variant.

Royal Dutch Shell commences up to $1.5bn in share buybacks.

Ryanair reports that their November passenger traffic increased to 10.2m vs 2m year before.

Wizz Air reports that November passenger numbers rose sharply to 2.2m from 456,487 YoY.

Broker Comments

RBC Upgrades Superdry to Outperform from Sector Perform (3 Buys / 2 Holds / 1 Sell)

Reporting Today:

AJ Bell

Reporting Tomorrow:

Hipgnosis Songs Fund

In Focus Today:

EU Unemployment Rate

US Initial Jobless Claims

Today's Ex-Dividends:

FTSE 100:

Royal Mail

National Grid

Severn Trent

3i Group

Royal Mail

Johnson Matthey

FTSE 250:

Ninety One

Bellway

Telecom Plus

Fidelity Special Values

Big Yellow Group

LXI REIT

AVI Global Trust

Pets At Home Group

Hill & Smith Holdings

Great Portland Estates

Alliance Trust

Templeton Emerging Markets IT

Caledonia Investments

Personal Assets Trust

Oxford Instruments

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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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