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Morning Report - 17 November 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 103.0 9.9%
WHITBREAD PLC 3,054.0 9.8%
INTL CONSOLIDATED AIRLINE-DI 158.8 9.8%
MELROSE INDUSTRIES PLC 161.2 8.5%
VODAFONE GROUP PLC 127.8 6.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 2189.0 -4.1%
RENTOKIL INITIAL PLC 522.2 -3.7%
FLUTTER ENTERTAINMENT PLC 13000.0 -3.5%
JUST EAT TAKEAWAY 8134.0 -3.3%
SEGRO PLC 896.8 -3.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,421 1.7% -12.1%
DOW JONES INDUS. AVG 29,950 1.6% 7.0%
DAX INDEX 13,139 0.5% -0.8%
NIKKEI 225 26,015 0.4% 11.6%
S&P/ASX 200 INDEX 6,498 0.2% -4.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 41.47 0.31%
Brent Crude (ICE) USD/bbl. 44.03 0.48%
Gold Spot USD/t oz. 1,888 -0.1%
Copper (Comex) USd/lb. 322 -0.2%
UK 100 called to open -10 points this morning at 6415.

4 Hours; 6 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -10 points this morning at 6415. A slightly muted open is expected in the UK, despite markets across the world hitting both all time and 52 week highs overnight, Wall Street’s main indices all closed higher, with the Dow Jones hitting its first all-time high since February, climbing over 470 points or 1.6% to 29,950.44.  The broader S&P 500 rose 1.2% and the tech-fuelled Nasdaq Composite added 0.8%.  In Japan, the Nikkei gained 0.42% after touching a 52-week high on Monday while Hong Kong’s Hang Seng index was flat.  China’s Shanghai composite dipped 0.50%.

 

Company News:

Aggreko expects FY profit to be at the upper end of previous guidance as key markets are recovering.

EasyJet plunged to a £1.27bn loss in their FY results showing the extent of the impact of the pandemic on the British low-cost airline which had never before made an annual loss in its 25-year history. Their quarterly cash burn improved to £651m from £774m in the previous period.

Experian posted better-than-expected operating profit for H1, boosted by strength in the U.S. mortgage market and demand for its Ascend product.

HomeServe posted a 16% rise in H1 adjusted profit, helped by a surge in demand for home remodelling during COVID-19 lockdowns and they raised their interim dividend by 7%. Adjusted pretax profit rose to £33.1m (2019: £28.6m).

Imperial Brands reported higher FY sales as demand for tobacco offset a drop in its e-cigarette business. They reported FY adjusted group revenue of £7.99bn, up 0.8%. Adjusted EPS were 254.4p, down 5.6%. They forecast low to mid-single digit growth in organic adjusted operating profit for 2021, excluding the impact of the sale of its premium cigar business.

Reporting Today:

 

 

Easyjet

Petra Diamonds

Intermediate Capital Group

Experian

Big Yellow Group

Homeserve

Aggreko

 

 

 

Reporting Tomorow:

 

 

British Land Company

SSE

Halfords

Breedon Group plc

Safestore Holdings

 

 

 

In Focus Today:

 

US Retail Sales Control Group

US Retail Sales

BoE’s Governor Bailey speech

US Industrial Production

BoE’s Ramsden speech

Fed’s Williams speech

 

 

This Week’s Ex Dividends:

 

UK 100:

 

Smurfit Kappa Group

Scottish Mortgage IT

DCC

B&M European Value Retail S.A.

 

UK 250:

 

Genus

Vivo Energy

Scottish American Investment Company

Tate & Lyle

Pershing Square Holdings

Civitas Social Housing

Morgan Advanced Materials

Electrocomponents

Great Portland Estates

Witan Investment Trust

Worldwide Healthcare Trust

NextEnergy Solar Fund

BlackRock World Mining 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.


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