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Morning Report - 9 November 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
DARKTRACE PLC 649.5 12.5%
ABRDN PLC 263.9 3.2%
FRESNILLO PLC 925.8 2.8%
ANTOFAGASTA PLC 1,399.5 2.3%
POLYMETAL INTERNATIONAL PLC 1,394.0 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
ITV PLC 108.8 -2.9%
INFORMA PLC 534.0 -2.6%
BRITISH LAND CO PLC 505.4 -2.4%
INTERCONTINENTAL HOTELS GROU 5228.0 -2.0%
WHITBREAD PLC 3358.0 -2.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,300 -0.1% 18.0%
DOW JONES INDUS. AVG 36,432 0.3% 28.6%
DAX INDEX 16,047 -0.1% 22.5%
NIKKEI 225 29,285 -0.8% 17.9%
S&P/ASX 200 INDEX 7,434 -0.2% 18.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.95 0.02%
Brent Crude (ICE) USD/bbl. 83.37 -0.07%
Gold Spot USD/t oz. 1,824 0.0%
Copper (Comex) USd/lb. 438 -0.3%
The UK 100 is called to open -6 points today at 7294.  

4 hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -6 points today at 7294.  A modestly lower open is expected this morning for the UK's bluchip index, this comes in-spite of all three major indices striking fresh all time highs on Wall Street yesterday, the Dow Jones climbed 0.3%, the S&P and Nasdaq each added 0.1%.  Stocks in Asia were mixed on Tuesday with Japan's SoftBank Group’s shares surging about 10% after announcing a plan to buy back up to one trillion yen (US$8.83 billion) of its own shares.  China’s Shanghai Composite gained 0.16% and Hong Kong’s Hang Seng index rose 0.20%.  In Japan, the Nikkei slipped 0.75% while South Korea’s Kospi was up by 0.04%.

 

Company News & Broker Comments:

 

Company News:

BAE Systems says that their 2021 guidance remains unchanged as demand for its capabilities remains high.
BHP are to sell 80% of its stake in Mitsui Coal JV to Stanmore SMC for $1.35bn.
 
Card Factory reports that online is trading in line with expectations.
Playtech has received takeover approaches from Aristocrat & Gopher Investments.
 
Sirius Real Estate agrees to buy Helix Investments in a deal worth £380m. They reported a H1 pretax profit of 78.2m euros, +26% YoY as they increased their dividend by +12% to 2.04 euros as trading is in line with FY expectations.

 

Broker Comments

Bernstein Downgrades IAG to Market perform from Outperform (8 Buys / 7 Holds / 0 Sells)
Bernstein Downgrades Ryanair to Market perform from Outperform (4 Buys / 0 Holds / 0 Sells)

 

 

Reporting Today:

 

 

Associated British Foods

DCC

Direct Line Insurance Group

Meggitt

Oxford Instruments

Persimmon

Watches of Switzerland

 

 

Reporting Tomorrow:

 

 

Aveva Group

Grafton Group

ITV

Marks & Spencer Group

Vistry Group

Wetherspoon (JD)

 

In Focus Today:

 

 

UK BRC Like-For-Like Retail Sales

EcoFin Meeting

German Trade Balance s.a.

EU ZEW Survey – Economic Sentiment

German ZEW Survey – Economic Sentiment

US Producer Price Index ex Food & Energy

 

This Week's Ex-Dividends:

 

FTSE 100:

 

Royal Dutch Shell B

Royal Dutch Shell A

BP

Sainsbury (J)

 

FTSE 250:

 

ICG Enterprise Trust

Baillie Gifford Japan Trust

Greencoat UK Wind

Softcat

Fidelity Emerging Markets

Airtel Africa

BlackRock Smaller Companies Trust

UK Commercial Property Trust

Renewables Infrastructure Group

Schroder Oriental Income Fund

 

 

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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