Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 9 February 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 167.2 3.8%
POLYMETAL INTERNATIONAL PLC 1,088.5 3.6%
ANGLO AMERICAN PLC 3,489.5 3.2%
INTERCONTINENTAL HOTELS GROU 4,982.0 2.4%
ST JAMES’S PLACE PLC 1,555.0 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 1225.0 -12.9%
AIRTEL AFRICA PLC 141.7 -8.6%
SHELL PLC 1996.0 -3.2%
LONDON STOCK EXCHANGE GROUP 6976.0 -3.0%
CRODA INTERNATIONAL PLC 7434.0 -2.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,567 -0.1% 15.9%
DOW JONES INDUS. AVG 35,463 1.1% 13.0%
DAX INDEX 15,242 0.2% 8.4%
NIKKEI 225 27,580 1.1% -6.5%
S&P/ASX 200 INDEX 7,268 1.1% 6.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 89.16 -0.22%
Brent Crude (ICE) USD/bbl. 90.59 -0.21%
Gold Spot USD/t oz. 1,827 0.1%
Copper (Comex) USd/lb. 443 -0.7%
The UK 100 is called to open +50 points today at 7615. 

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +50 points today at 7615.   The UK’s blue-chip index is seen starting on front foot as global stock markets rally, London looks set to follow rising stock prices in America and Asia.  On Wall Street yesterday it was an all green picture, The Dow Jones marked a 371 point, or 1.06%, rise to close Tuesday’s session at 35,462.  Meanwhile, the S&P added 0.84% to finish at 4,521 and the Nasdaq gained 1.28% to 14,194.  America’s small-cap focussed Russell 2000 index was also higher, rising 1.63%, to 2,045.  In Asia this morning, Japan’s Nikkei advanced 1.08% to 27,579 whilst Hong Kong’s Hang Seng rose by nearly 2% to 24,801. The Shanghai at the same time notched up 0.9% to 3,483.

 

 

 

Company News & Broker Comments:

 

Company News:

Barratt Developments reported a near 1% rise in HY interim profit, boosted by persistent housing demand as homebuyers sought larger homes suited for remote working and benefited from low mortgage rates. Pretax profit for the six months ending Dec 31st came in at £432.6m (compared with £430.2m a year earlier).

 

 

Dunelm reported a record pretax profit in H1 citing strong sales growth and continued outperformance of the market in homeware and furniture. They posted a pretax profit of £140.8m (+25.3%), in line with its forecast of around £140m.

 

 

GlaxoSmithKline racked up £1.4bn in COVID-related sales in 2021 as they beat quarterly forecasts in its first earnings report since rejecting a bid from Unilever for its consumer arm. They expect their pandemic-related sales in 2022 to be at similar levels to 2021, but that these would contribute less profit due to lower margins on its antibody treatment.

 

 

PZ Cussons reported a H1 pretax profit of £35.1m, +8.3% YoY. They expect to deliver a FY adjusted pretax profit in the range of consensus estimates.

 

 

Smurfit Kappa reports a FY21 pretax profit of 913m Euros, +22% YoY from 748m Euros in FY20. Their final dividend also increased 10% to EUR0.96 per share.

 

Broker Comments

Barclays Downgrades Boohoo to Underweight from Equal Weight (10 Buys / 5 Holds / 2 Sells)

 

 

JP Morgan Downgrades Rightmove to Underweight from Neutral (4 Buys / 5 Holds / 6 Sells)

 

 

Reporting Today:

 

Barratt Developments

 

Dunelm Group

 

GlaxoSmithKline

 

Grainger

 

PZ Cussons

 

Smurfit Kappa Group

 

 

 

 

Reporting Thursday:

 

 

Ashmore Group

 

AstraZeneca

 

Beazley

 

RELX

 

Redrow

 

Royal Mail Group

 

Tate & Lyle

 

Unilever

 

 

 

 

In Focus Today:

 

UK BRC Like-For-Like Retail Sales

 

German Trade Balance s.a.

 

BoC's Governor Macklem speech

 

 

 

 

Tomorrow'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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.