This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Yesterday’s UK 100 Leaders||Price (p)||% Chg|
|INTL CONSOLIDATED AIRLINE-DI||157.9||3.3%|
|JOHNSON MATTHEY PLC||2,732.0||3.3%|
|INTERCONTINENTAL HOTELS GROU||4,876.0||2.9%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|HIKMA PHARMACEUTICALS PLC||2562.0||-3.6%|
|CRODA INTERNATIONAL PLC||6422.0||-3.0%|
|RECKITT BENCKISER GROUP PLC||6358.0||-3.0%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||6,754||-0.7%||-11.3%|
|DOW JONES INDUS. AVG||31,069||0.2%||7.8%|
|S&P/ASX 200 INDEX||6,687||0.1%||-3.1%|
|WTI Crude Oil (Nymex)||USD/bbl.||53.76||1.03%|
|Brent Crude (ICE)||USD/bbl.||57.22||1.13%|
|Gold Spot||USD/t oz.||1,859||0.2%|
UK 100 called to open +10 points this morning at 6756. Calls for a slightly stronger open come despite a rising pound, sterling’s rising strength is affecting some big UK exporters making most of their money abroad. However the overall trend remains optimistic about 2021, with a Joe Biden stimulus package worth trillions of dollars expected to boost the US economy and the uncertainty over a no-deal Brexit finally in the rear view mirror. Stateside yesterday saw a positive session on Wall Street despite the ongoing political instability, with the Dow Jones closing up 0.19% at 31,068 while the S&P climbed 0.04% to 3,801 and the Nasdaq 0.28% to 13,072. In Asia, however, was more mixed this morning with Japan’s Nikkei 225 rising 1.04% while Hong Kong’s Hang Seng dropped 0.17%.
ASOS have forecast FY profit to be at the top end of market expectations, reporting a 23% jump in retail sales over the last quarter, benefiting from strong demand during pandemic lockdowns. Total revenue rose 23% to £1.36bn.
Howden Joinery sees FY20 pretax profit to be around £185m, as trading has been stronger than expected with good profit and cash performance.
Persimmon’s FY average selling price rose 7% to £230,500. FY revenue came in at £3.33bn (2020: £3.65bn) as group trading has been robust despite challenges arising from the pandemic.
Premier Oil have voted in favour of a reverse takeover of private equity backed Chrysaor to create the British North Sea’s biggest oil and gas producer in which Premier shareholders will hold about 5.5% equity.
Just Eat Takeaway.com NV
Sainsbury (J) plc
Ashmore Group plc
Dunelm Group Plc
Network International Holdings
Wood Group (John) Plc
Blue Prism plc
Titon Holdings plc
US Consumer Price Index
Chinese Foreign Direct Investment
Eurozone Industrial Production
US Monthly Budget Statement
B&M European Value Retail S.A
BMO Commercial Property Trust
Primary Health Properties
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.
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.