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|Yesterday’s UK 100 Leaders||Price (p)||% Chg|
|SCOTTISH MORTGAGE INV TR PLC||1,196.0||5.0%|
|DECHRA PHARMACEUTICALS PLC||4,446.0||3.4%|
|JD SPORTS FASHION PLC||218.8||2.8%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|RECKITT BENCKISER GROUP PLC||6228.0||-1.5%|
|VODAFONE GROUP PLC||116.1||-1.2%|
|CRODA INTERNATIONAL PLC||8942.0||-1.0%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||7,491||0.6%||10.9%|
|DOW JONES INDUS. AVG||36,252||0.5%||16.9%|
|S&P/ASX 200 INDEX||7,439||0.7%||11.4%|
|WTI Crude Oil (Nymex)||USD/bbl.||81.22||0.00%|
|Brent Crude (ICE)||USD/bbl.||83.62||-0.12%|
|Gold Spot||USD/t oz.||1,819||-0.2%|
The UK 100 is called to open +46 points today at 7537. The UK’s bluechip index looks set to break back through 7500 this morning, following gains on Wall Street yesterday and in Asia this morning. The Dow Jones added 183 points or 0.51% to close last night at 36,252 whilst the S&P was slightly stronger rising 0.9% towns the session at 4,713. A 1.4% gain saw the Nasdaq finish the session at 15,153. Meanwhile, the Russell 2000 small cap index climbed just over 1% to 2,194. Asian stock indices were up strongly this morning. Japan’s Nikkei rose 543 points or 1.9% to 28,765 whilst Hong Kong’s Hang Seng added 615 points or 2.59% to 24,346. The Shanghai Composite meanwhile advanced 0.8% to 3,596.
Bunzl completes acquisition of US based Tingley Rubber.
DFS Furniture says manufacturing and logistics disruption remains a risk in H2 as FY profit expectations remain unchanged.
Dunelm expects FY pretax profit to be materially ahead of market forecasts.
Grafton says their FY adjusted operating profit is expected to be at the top end of expectations.
JD Sports says LFL sales in 22-week period to Jan 1st more than 10% ahead of 2020 as gross margins for H2 are in line with prior year. They are confident that FY headline pretax profit will be ahead of market forecasts, as they expect a FY headline pretax profit of at least £875m.
PageGroup says FY operating profit is marginally ahead if guidance at around £165m.
Sainsbury’s has raised its FY profit forecast despite reporting a fall in underlying sales over the Christmas quarter verses a tough COVID-lockdown assisted comparative in 2020. They now forecast FY21-22 underlying profit before tax of “at least” £720m (Up from previous guidance of £660m).
Savills says it has experienced an extraordinary strong final trading period, but expectations for the year ahead remain unchanged.
Trustpilot says annualised revenue is now at $144m, up from $119m a year ago.
Vistry expects “significant step up” in profit and returns in FY22. They expect a FY adjusted pretax profit of £345m v £143.9m last year.
Whitbread expects German government restrictions to dampen FY23.
Deutsche Bank Downgrades EasyJet to Hold from Buy (12 Buys / 4 Holds / 1 Sell)
HSBC Downgrades Ferguson to Hold from Buy (10 Buys / 9 Holds / 3 Sells)
JP Morgan Downgrades Jupiter Fund Management to Neutral from Overweight (2 Buys / 6 Holds / 1 Sell)
Marks & Spencer Group
Wood Group (John)
Chinese Consumer Price Index
Chinese Producer Price Index
EU Industrial Production s.a.
US Consumer Price Index ex Food & Energy
US Monthly Budget Statement
Primary Health Properties
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