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Morning Report - 9 February 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
EVRAZ PLC 523.6 4.1%
BP PLC 262.0 3.9%
ANGLO AMERICAN PLC 2,581.0 3.9%
ANTOFAGASTA PLC 1,532.0 3.4%
AVEVA GROUP PLC 3,748.0 3.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
JD SPORTS FASHION PLC 828.4 -2.9%
WHITBREAD PLC 3201.0 -2.4%
OCADO GROUP PLC 2746.0 -2.2%
SMURFIT KAPPA GROUP PLC 3544.0 -2.2%
BARRATT DEVELOPMENTS PLC 695.0 -2.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,524 0.5% -12.6%
DOW JONES INDUS. AVG 31,386 0.8% 7.9%
DAX INDEX 14,060 0.0% 4.0%
NIKKEI 225 29,506 0.4% 23.8%
S&P/ASX 200 INDEX 6,821 -0.9% -2.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.41 0.76%
Brent Crude (ICE) USD/bbl. 61.13 0.94%
Gold Spot USD/t oz. 1,842 0.6%
Copper (Comex) USd/lb. 369 0.5%
UK 100 called to open flat this morning flat this morning at 6523.

1 Hour; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open flat this morning flat this morning at 6523. The UK blue-chip index is set to open flat after yesterday’s gains as Wall Street and Asia leap to new highs.   The Dow Jones rose 238 points or 0.8% to close at 31,385.76, while the S&P also climbed, 0.7%.  The biggest winner was the Nasdaq, which jumped 0.95%.  It was a similar picture in Asia overnight, the Hang Seng index in Hong Kong gained 0.27% while the Shanghai Composite in China jumped 1.94%.  In Japan, the Nikkei also gained 0.40%.  Stocks in the region were driven higher on Tuesday after Brent crude prices crossed $60 per barrel for the first time in more than a year.

 

Company News & Broker Comments:

 

Company News:

Bellway says that their FY completions are expected to be 9,800 homes, up from 7,522 YoY. Their order book stands at 5,889 homes worth 1.63bn, up from 4,598 homes in the previous year.

 

G4S ends 2020 with net debt to EBITDA well within their target range.

 

Micro Focus reports that their FY pretax loss widens to $2.94bn (2020: $34.1m loss).

 

Ocado sees 35% retail revenue growth amide strong demand for online grocery in the UK. They reported that their FY revenue has risen YoY to £2.33bn from £1.76bn. Their FY pretax loss has also narrowed to £44m from £214.5m YoY.

 

TUI report that their Q1 revenue has dropped 88% to 468.1m from 3.85bn euros. Their financial liquidity has been bridged to summer 2021 after receiving a 3rd tranche of support. They also state that 2.8m customers have booked for summer 2021 season and they plan to run at 80% of summer 2019 volume.

Broker Comments:

Royal Bank of Canada Upgrades HSBC to Sector Perform (2 Buys / 8 Holds / 5 Sells)

 

JP Morgan Upgrades Electrocomponents to Overweight (5 Buys / 4 Holds / 1 Sell)

 

 

Reporting Today:

 

Bellway

Micro Focus

Ocado Group

St Modwen Properties

 

Reporting Tomorrow:

 

Ashmore Group

Dunelm Group

Grainger

Redrow

 

 

In Focus Today:

 

UK BRC Like-For-Like Retail Sales

Chinese Trade Balance USD

German Trade Balance 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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