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Morning Report - 8 February 2021

Friday’s UK 100 Leaders Price (p) % Chg
WHITBREAD PLC 3,280.0 5.1%
GLENCORE PLC 259.2 4.8%
NATWEST GROUP PLC 170.4 4.0%
BRITISH LAND CO PLC 458.9 3.7%
PERSHING SQUARE HOLDINGS LTD 2,570.0 3.4%
Friday’s UK 100 Laggards Price (p) % Chg
JOHNSON MATTHEY PLC 2882.0 -4.2%
EXPERIAN PLC 2637.0 -3.1%
DCC PLC 5700.0 -2.8%
NATIONAL GRID PLC 851.4 -2.4%
AVIVA PLC 341.8 -2.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,489 -0.2% -13.1%
DOW JONES INDUS. AVG 31,148 0.3% 7.0%
DAX INDEX 14,057 0.0% 4.0%
NIKKEI 225 28,779 1.5% 20.8%
S&P/ASX 200 INDEX 6,841 1.1% -2.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 56.85 1.10%
Brent Crude (ICE) USD/bbl. 59.34 0.85%
Gold Spot USD/t oz. 1,814 1.1%
Copper (Comex) USd/lb. 363 2.1%

 

UK 100 called to +40 points this morning flat this morning at 6530. 

1 Hour; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to +40 points this morning flat this morning at 6530.   Markets are called to open positively this morning as hopes grow of a global economic recovery and renewed optimism over US economic stimulus plans.  The UK’s top shares index will take its cue from Asia’s main markets, which were buoyed by the growing pace of the vaccine roll-out allied to falling rates of coronavirus infection.  Overnight The Hang Seng index in Hong Kong gained 0.26% while the Shanghai Composite in China rose 1.02%, while in Japan, the Nikkei 225 surged 2.12% but South Korea’s Kospi dipped 0.79%.  shares in Australia surged to their 11-month highs, with the S&P/ASX 200 closing 0.59% higher.  Friday saw US Markets wrapping up a strong week on Wall Street as investors hoped a disappointing January jobs report would increase the likelihood of further stimulus.  The Dow Jones rose 92.38 points, or 0.3%, to 31,148.24, led higher by Nike and Cisco.  The S&P 500 climbed 0.4% to a record close of 3,886.83 as 10 of the 11 sectors posted gains. The Nasdaq Composite advanced 0.6% to 13,856.30, also hitting a fresh closing high.  All three major US benchmarks notched their best week since November.

 

Company News & Broker Comments:

 

Company News:

Boohoo agrees to buy Burton, Dorothy Perkins and Wallis Brands for £25m cash.

 

Dechra Pharma wins rights to market animal welfare product Tri-Solfen in Australia.

 

Electrocomponents says their group revenue increased 8% YoY in the 4 months to Jan 31st.

 

Experian state that there is no evidence of illegal data sales obtained from Serasa.

 

KAZ Minerals posts offer document to shareholders for agreed takeover by Nova Resources.

 

Rolls-Royce is planning to shut down its jet engine factories this summer due to insufficient work.

Broker Comments:

Jefferies Upgrades Taylor Wimpey to Buy from Hold (11 Buys / 3 Holds / 0 Sells)

 

Jefferies Downgrades Barratt Developments to Hold from Buy (10 Buys / 5 Holds / 0 Sells)

 

Goldman Sachs Upgrades Lloyds to Neutral from Sell (6 Buys / 7 Holds / 2 Sells)

 

Morgan Stanley Upgrades Weir Group to Overweight (5 Buys / 10 Holds / 0 Sells)

 

Royal Bank of Canada Upgrades JD Sports to Outperform (5 Buys / 4 Holds / 0 Sells)

 

Royal Bank of Canada Downgrades Marks & Spencer to Sector Perform (7 Buys / 10 Holds / 0 Sells)

 

 

Reporting Today:

 

Electrocomponents plc

 

Reporting Tomorrow:

 

Bellway

Micro Focus

Ocado Group

St Modwen Properties

 

 

In Focus Today:

 

German Industrial Production s.a.

 

This Week's Ex Dividends:

 

UK 100:

 

Hargreaves Lansdown

 

UK 250:

 

Avon Rubber

PZ Cussons

Henderson Smaller Cos Inv Tst

Greencoat UK Wind

Aberforth Smaller Companies Trust

Civitas Social Housing

ICG Enterprise Trust

UK Commercial Property REIT

BMO Commercial Property Trust

Renewables Infrastructure Group

 

 

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