Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 2 March 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
BAE SYSTEMS PLC 746.2 3.7%
ANGLO AMERICAN PLC 3,955.5 3.5%
ANTOFAGASTA PLC 1,571.5 3.3%
RIO TINTO PLC 5,919.0 2.2%
SAGE GROUP PLC/THE 716.4 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
EVRAZ PLC 102.9 -29.0%
POLYMETAL INTERNATIONAL PLC 258.9 -26.3%
FLUTTER ENTERTAINMENT PLC-DI 9456.0 -12.4%
ROLLS-ROYCE HOLDINGS PLC 92.0 -11.1%
MELROSE INDUSTRIES PLC 133.4 -10.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,330 -1.7% 10.8%
DOW JONES INDUS. AVG 33,295 -1.8% 5.6%
DAX INDEX 13,905 -3.9% -0.8%
NIKKEI 225 26,393 -1.7% -10.3%
S&P/ASX 200 INDEX 7,117 0.3% 5.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 109.69 6.07%
Brent Crude (ICE) USD/bbl. 111.45 6.17%
Gold Spot USD/t oz. 1,941 -0.2%
Copper (Comex) USd/lb. 458 -0.3%

 

The UK 100 is called to open +2 points today at 7332. 

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +2 points today at 7332.  A modestly higher open is expected this morning for the UK's bluechip index, as another day of high volatility is expected to remain a feature in the markets as the war in Ukraine continues.  It was a difficult session for markets globally yesterday, on Wall Street, the Dow Jones shed close to 600 points, 1.76%, to close at 33,294 whilst the S&P fell 1.55% to 4,306. Down 1.6%, the Nasdaq finished the session at 13,532.  Asian markets, were mostly lower on Wednesday as oil prices continued their surge in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 4.43% to US$109.62 per barrel.  Japan’s Nikkei 225 slumped 1.68% while South Korea’s Kospi lifted 0.27%.  The Shanghai Composite in China dipped 0.22% and Hong Kong’s Hang Seng index fell 1.29%.

 

 

Company News & Broker Comments:

 

Company News:

 
Aston Martin has paused vehicle shipments to Russia, as sanctions over the war in Ukraine had created growing trading obstacles for the car industry.
Aviva will return £4.75bn to shareholders as they reported a 10% drop in 2021 operating profit. Operating profit from continuing operations was £1.63bn, hurt by weaker performance in their UK life business.
Foxtons swings to a FY pretax profit of £5.6m from a loss of £1.4m YoY. They declare a final dividend of 0.27p per share.
 
Glencore said it is reviewing all its business activities in Russia including equity stakes in aluminium and hydropower group En+ Group and oil giant Rosneft.
 
Persimmon said it expected strong housing demand to persist despite rising inflation woes and a tightening cost-of-living squeeze after the firm posted a 23% rise in annual profit. Their pretax profit for the year ended December 31st came in at £966.8m, slightly below average analyst forecasts of £975m.
Polymetal has suspended its 2022 cost and capital expenditure guidance but kept its production forecast of £1.7m ounces of gold unchanged.
 
Ryanair carries 8.7m passengers in February, up from 7m in January.
 
Stagecoach says they are on course to meet trading expectations for FY22 as government grant helped offset hit of Omicron restrictions.
Vistry reports a FY21 pretax profit of £319.5m (2020: £98.7m) as they propose a FY21 final dividend of 40p per share (2020: 0p). They state that FY22 is off to a good start, and they expect a "significant step up" in profit and returns.
Weir Group reports a FY pretax profit from continuing operations of £209.5m up from £178m YoY.

Broker Comments

Peel Hunt Upgrades Travis Perkins to Buy from Add (8 Buys / 7 Holds / 1 Sell)
Societe Generale Downgrades Associated British Foods to Hold from Buy (10 Buys / 4 Holds / 0 Sells)

 

Reporting Today:

 

Aviva

 

Persimmon

 

Polymetal International

 

Vistry

 

Vivo Energy

 

Weir Group

 

 

 

Reporting Tomorrow:

 

Admiral

 

Avast*

 

CRH

 

Coats Group

 

Darktrace

 

Elementis

 

Entain

 

Hiscox*

 

ITV

 

London Exchange Group

 

Meggitt

 

Melrose Industries

 

Mondi

 

PageGroup

 

Rentokil Initial

 

Schroders

 

Spire Healthcare

 

Synthomer

 

Taylor Wimpey

 

Tritax Big Box

 

 

 

In Focus Today:

 

German Unemployment Change

 

EU HICP

 

German 10-y Bond Auction

 

UK Budget Report

 

US ADP Employment Change

 

Fed's Beige Book

 

BoE's Cunliffe speech

 

 

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

Dechra Pharmaceuticals

 

Hargreaves Lansdown

 

Barclays

 

FTSE 250:

Diversified Energy Company

 

Safestore Holdings

 

Ashmore Group

 

Scottish American Investment Company

 

Personal Assets Trust

 

HICL Infrastructure

 

Hays

 

Genus

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.