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Morning Report - 4 February 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
COMPASS GROUP PLC 1,720.0 4.0%
SHELL PLC 1,960.0 1.4%
ROLLS-ROYCE HOLDINGS PLC 116.7 1.3%
VODAFONE GROUP PLC 133.6 1.0%
LLOYDS BANKING GROUP PLC 53.3 0.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
FLUTTER ENTERTAINMENT PLC-DI 10620.0 -5.3%
BT GROUP PLC 186.1 -4.8%
CRODA INTERNATIONAL PLC 7810.0 -4.7%
DECHRA PHARMACEUTICALS PLC 4056.0 -4.5%
RIGHTMOVE PLC 637.6 -4.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,529 -0.7% 15.7%
DOW JONES INDUS. AVG 35,368 -0.7% 15.1%
DAX INDEX 15,368 -1.6% 10.3%
NIKKEI 225 27,241 -1.1% -4.9%
S&P/ASX 200 INDEX 7,078 -0.1% 4.6%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 90.03 2.01%
Brent Crude (ICE) USD/bbl. 90.96 1.67%
Gold Spot USD/t oz. 1,806 0.0%
Copper (Comex) USd/lb. 447 -0.5%

 

The UK 100 is called to open +55 points today at 7583.

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +55 points today at 7583.  The UK 100 looks set to rebound today despite a difficult trading session for US investors on Wall Street yesterday.  The Nasdaq posting its worst one-day fall since March 2020, as investors bailed out of stock in Meta Platforms, the giant advertising and personal data harvesting machine that owns Facebook.  The Dow Jones fell by 518 points to settle at 35,111, getting off relatively lightly, while the S&P's 112 points drop to end at 4,477 did not fare so well.  In Asia this morning, the picture was significantly brighter, Hong Kong’s Hang Seng index surged more than 3% after returning to trade on Friday following the Lunar New Year holidays.  Markets in Mainland China remained closed on Friday for the holidays.  Japan’s Nikkei 225 gained 0.73% while South Korea’s Kospi surged 1.57% to 2,750.24.

 

 

 

Company News & Broker Comments:

 

Company News:

Airtel Africa reported a Q3 pretax profit of $864m, up 79% from 4482m YoY. Their customer base makes 3.1m net additions in Q3, with 1.9m in Nigeria.

 

 

Aston Martin have signed a long-term partnership with Aramco, in a move it hopes will aid its ambition of winning races and championships.

 

 

Shaftesbury says their outlook is positive as international leisure and business travel resume.

 

 

SSP Group report that their revenue is at 62% of 2019 levels during the first four months of their FY, as trading has recovered well with sales at 66% of 2019 levels in the first nine weeks. Their Q1 underlying EBITDA was positive in line with Q4 FY21.

 

Broker Comments

Barclays Downgrades EnQuest Energy to Equal weight from Overweight (3 Buys / 0 Holds / 0 Sells)

 

 

Barclays Upgrades Tullow Oil to Overweight from Equal weight (5 Buys / 6 Holds / 3 sells)

 

 

Reporting Today:

 

Airtel Africa

 

 

 

 

Reporting Monday:

 

None

 

 

 

In Focus Today:

 

German Factory Orders s.a

 

EU Retail Sales

 

EU Retail Sales

 

US Nonfarm Payrolls

 

 

 

 

 

Next Week's Ex-Dividends:

 

FTSE 100:

 

 

FTSE 250:

 

Aberforth Smaller Companies Trust

 

Greencoat UK Wind

 

Endeavour Mining

 

LXi REIT

 

UK Commercial Property REIT

 

Henderson Smaller Cos Inv Tst

 

Virgin Money UK

 

ICG Enterprise Trust

 

BMO Commercial Property 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.


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