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Morning Report - 6 December 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
KINGFISHER PLC	331.0	2.5%
PEARSON PLC	589.0	2.2%
BERKELEY GROUP HOLDINGS/THE	4,549.0	2.0%
DCC PLC	5,742.0	1.8%
ABRDN PLC	233.9	1.7%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
OCADO GROUP PLC	1626.5	-3.2%
RIO TINTO PLC	4578.5	-3.0%
ANGLO AMERICAN PLC	2717.0	-3.0%
SCOTTISH MORTGAGE INV TR PLC	1396.5	-2.8%
BHP GROUP PLC	2041.5	-2.7%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,122	-0.1%	8.7%
DOW JONES INDUS. AVG	34,580	-0.2%	14.4%
DAX INDEX	15,170	-0.6%	14.1%
NIKKEI 225	27,927	-0.4%	4.4%
S&P/ASX 200 INDEX	7,245	0.1%	9.2%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	67.95	2.55%
Brent Crude (ICE)	USD/bbl.	71.57	2.42%
Gold Spot	USD/t oz.	1,783	0.0%
Copper (Comex)	USd/lb.	428	0.3%

The UK 100 is called to open +54 points today at 7176.

4 hours; 9 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +54 points today at 7176. The UK 100 index looks set to make a significantly positive start to the week amid reports the Omicron Covid variant may be far less of a threat to life than first feared. While cases of the new variant have doubled in a day here in the UK to 86, South Africa’s health minister, Joe Phaahla, said the majority of patients seen by doctors in his country have had “mild” symptoms. Stocks in Asia were mixed on Monday as four new stocks, including Chinese technology giants JD and Netease, were added to Hong Kong’s Hang Seng index. This update increases the number of stocks on the benchmark index to 64, from 60 stocks previously. Hang Seng slumped 1.76% on Monday's trade and China’s Shanghai Composite dipped 0.48%. The Nikkei in Japan slipped 0.366% while South Korea’s Kospi rose 0.17%.

Company News & Broker Comments:

Company News:

Clarkson expects FY results to be ahead of current market expectations as they have had good trading across all divisions, financial and broking performing strongly.

Darktrace are to begin a £30m share buyback programme of up to 4 million shares which will be completed by December 31^st 2022.

London Stock Exchange Group has agreed to buy Quantile Group for up to £274m as they look to expand their range of post trade risk management solutions.

Travel Stocks: Britain will require all inbound travellers to take a pre-departure COVID-19 test and arrivals from Nigeria will have to quarantine in hotels to slow the spread of the Omicron variant.

Victrex reports that their pretax profit rose 46% to £92.5m.

WPP have bought a majority stake in branding and design agency Made Thought for an undisclosed sum.

Broker Comments

Barclays Downgrades Persimmon to Underweight from Overweight (9 Buys / 5 Holds / 0 Sells)

Barclays Upgrades Berkeley Group to Equal Weight from Underweight (5 Buys / 7 Holds / 3 Sells)

Barclays Upgrades Crest Nicholson to Overweight from Equal Weight (5 Buys / 3 Holds / 1 Sell)

JP Morgan Downgrades Rio Tinto to Neutral from Overweight (5 Buys / 11 Holds / 3 Sells)

Reporting Today:

Victrex

Reporting Tomorrow:

Ashtead

Babcock

Ferguson

Monks Investment Trust

Paragon Banking Group

In Focus Today:

Eurogroup Meeting

German Factory Orders s.a.

BoE's Broadbent speech

Japanese Overall Household Spending

This Week's Ex-Dividends:

FTSE 100:

Intermediate Capital Group

FTSE 250:

XP Power

Homeserve

Investec

Liontrust Asset Management

Redde Northgate

Assura

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