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Morning Report - 3 September 2021

Yesterday’s UK100 Leaders	Price (p)	% Chg
MELROSE INDUSTRIES PLC	183.2	6.6%
PRUDENTIAL PLC	1,535.5	3.7%
WEIR GROUP PLC/THE	1,787.5	3.2%
BP PLC	301.6	2.5%
ROYAL DUTCH SHELL PLC-B SHS	1,455.4	2.2%

Yesterday’s UK100 Laggards	Price (p)	% Chg
BARRATT DEVELOPMENTS PLC	704.2	-5.2%
BT GROUP PLC	162.2	-3.8%
TAYLOR WIMPEY PLC	177.2	-2.8%
B&M EUROPEAN VALUE RETAIL SA	541.2	-2.5%
UNILEVER PLC	3961.5	-2.0%

Major World Indices	Price	% Chg	1 YEAR
FTSE 100 INDEX	7,164	0.2%	22.4%
DOW JONES INDUS. AVG	35,444	0.4%	25.3%
DAX INDEX	15,841	0.1%	21.3%
NIKKEI 225	29,113	2.0%	22.7%
S&P/ASX 200 INDEX	7,523	0.5%	22.9%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	69.94	-0.07%
Brent Crude (ICE)	USD/bbl.	73.16	0.18%
Gold Spot	USD/t oz.	1,813	0.2%
Copper (Comex)	USd/lb.	432	0.4%

The UK 100 is called to open +5 today at 7168.

1 day; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +5 today at 7168. The UK blue chip index is expected to open marginally higher this morning as investors await more of a steer from today's non farm payroll data. This morning in Asia markets were mixed with the Nikkei 225 in Tokyo up 503 points at 29,047 and the Hang Seng in Hong Kong down 149 points at 25,942. It was a more positive picture yesterday on Wall Street which saw, The Dow Jones adding 131 points to close at 35,444 and the S&P gain 13 points to settle at 4,537.

Company News & Broker Comments:

Company News:

Ashmore reports FY pretax profit of £282.5m (2020: £221.5m) as they recommend a final dividend of 12.1p, bringing the total payout to 16.9p. They state that outlook for emerging markets are positive.

Berkeley Group state that they are seeing construction cost inflation and are mindful of the ongoing supply chain and labour market issues due to Brexit and the pandemic. They expect pretax profit for FY 2022 to be at par or ahead of the corresponding year-ago period.

Petrofac secures a $100m contract with Zallaf Libya oil & gas for Erawin field.

Royal Dutch Shell says that Hurricane Ida has damaged one of its offshore transport stations.

Broker Comments

No new broker comments

Reporting Today:

Ashmore

Reporting Monday:

Dechra Pharmaceuticals

HgCapital Trust

In Focus Today:

EU Retail Sales

US Nonfarm Payrolls

US ISM Services PMI

BoE Monetary Policy Report Hearings

Chinese Caixin Services PMI

German Markit PMI Composite

EU Markit PMI Composite

Next Week's Ex-Dividends:

FTSE 100:

Croda International

Avast

Polymetal International

CRH

Melrose Industries

FTSE 250:

BBGI Global Infrastructure S.A.

Hochschild Mining

Assura

Temple Bar Investment Trust

Gamesys Group

Derwent London

Oxford Instruments

Greggs

XP Power

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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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