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 - 3 June 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
BURBERRY GROUP PLC 2,182.0 3.5%
ROLLS-ROYCE HOLDINGS PLC 112.3 3.1%
ROYAL DUTCH SHELL PLC-B SHS 1,340.2 2.6%
BRITISH LAND CO PLC 524.8 2.3%
BP PLC 321.8 2.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
KINGFISHER PLC 353.8 -2.1%
MELROSE INDUSTRIES PLC 173.0 -1.8%
JOHNSON MATTHEY PLC 3072.0 -1.8%
WEIR GROUP PLC/THE 1955.5 -1.6%
SSE PLC 1539.5 -1.6%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,108 0.4% 14.3%
DOW JONES INDUS. AVG 34,600 0.1% 34.4%
DAX INDEX 15,603 0.2% 29.8%
NIKKEI 225 28,946 0.5% 28.0%
S&P/ASX 200 INDEX 7,218 1.1% 21.5%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 68.78 1.57%
Brent Crude (ICE) USD/bbl. 71.32 1.52%
Gold Spot USD/t oz. 1,909 0.4%
Copper (Comex) USd/lb. 460 -1.2%

 

UK 100 is called to open flat this morning at 7106.

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open flat this morning at 7106.  A mixed open is expected today as oil prices once again spiked, seeing oil creeping above $72 a barrel. On Wall Street yesterday we saw all major benchmarks finish in the green. The Dow Jones added just 25 points or 0.07% to end the session at 34,600, whilst the S&P also gained modestly just 0.14% to finish the day at 4,308 and the Nasdaq was up 19 points or 0.14% to trade at 13,756. In Asia, it was a more mixed trading session. Japan’s Nikkei advanced 131 points or 0.45% to sit at 29,076. Hong Kong’s Hang Seng however slipped 184 points or 0.6% to 29,121, whilst the Shanghai Composite edged slightly higher to trade at 3,606.

 

 

Company News & Broker Comments:

 

Company News:

 

B&M European Value Retail SA reported an 83% jump in annual core earnings, having thrived during the COVID-19 pandemic. They posted EBITDA of £626m in the year to end of March vs guidance of £590-620m.

 

Foxtons says their sales commission pipeline is 65% ahead of last year and 17% up on January 1st.

 

Informa reports that trading is in line with expectations, and they are on track for FY revenue to be over £1.7bn.

 

Pennon Group announces the acquisition of Bristol Water for £425m and have announced a special dividend of £1.5bn for shareholders and a share buyback programme worth up to £400m.

Broker Comments:

 

Berenberg Downgrades Intertek to Hold from Buy (5 Buys / 9 Holds / 3 Sells)

 

Deutsche Bank Downgrades BT Group to Sell from Hold (8 Buys / 6 Holds / 1 Sell)

 

RBC Downgrades Experian to Underperform from Sector Perform (6 Buys / 4 Holds / 0 Sells)

 

Reporting Today:

 

B&M European Value Retail

Chemring Group

Pennon Group

Workspace Group

 

 

Reporting Tomorrow:

 

 

None

 

In Focus Today:

 

US ADP Employment Change

US ISM Services PMI

BoE Monetary Policy Report Hearings

BoE's Governor Bailey speech

Chinese Caixin Services PMI

European Markit PMI Composite

US Initial Jobless Claims

UK Markit Services PMI

 

Today's Ex Dividends:

 

UK 100:

 

Kingfisher

Associated British Foods

Scottish Mortgage Investment Trust

National Grid

 

UK 250:

 

Vectura Group (Consolidation)

Synthomer

Balfour Beatty

Hill & Smith Holdings

Marshalls

Computacenter

Hilton Food Group

Alliance Trust

Jlen Environmental Assets Group

Temple Bar Investment Trust

Victrex

Worldwide Healthcare Trust

 

 

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.
.