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Morning Report - 18 February 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
ANTOFAGASTA PLC 1,714.5 4.8%
HIKMA PHARMACEUTICALS PLC 2,392.0 2.4%
ROLLS-ROYCE HOLDINGS PLC 102.3 2.4%
NATIONAL GRID PLC 864.6 1.9%
B&M EUROPEAN VALUE RETAIL SA 601.0 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1539.5 -6.9%
M&G PLC 187.3 -5.1%
BRITISH AMERICAN TOBACCO PLC 2640.0 -4.0%
POLYMETAL INTERNATIONAL PLC 1551.0 -3.6%
AVAST PLC 489.8 -3.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,711 -0.6% -9.1%
DOW JONES INDUS. AVG 31,613 0.3% 8.1%
DAX INDEX 13,909 -1.1% 1.7%
NIKKEI 225 30,236 -0.2% 30.4%
S&P/ASX 200 INDEX 6,886 0.0% -3.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 61.53 0.64%
Brent Crude (ICE) USD/bbl. 64.89 0.85%
Gold Spot USD/t oz. 1,783 0.4%
Copper (Comex) USd/lb. 391 2.3%

 

UK 100 is called to open -10 points this morning at 6700

1 Hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open -10 points this morning at 6700.  Calls for a slightly weaker open come on the morning of the biggest ex-dividend impact so far of 2021, 12.3 points came of the index this morning in the shape of dividends.  Crude oil prices rose further overnight due to a recent cold snap in the United States and causing demand to creep higher.  Stateside yesterday saw a mixed session on Wall Street.  The Dow Jones closed the session higher, rising 90 points or 0.29% to 31,613, whilst the S&P was more or less flat ending the day at 3,931.  The Nasdaq, meanwhile, swung to an 82 point or 0.58% decline with a close of 13,965.  In Asia, this morning, Japan’s Nikkei closed slightly lower, by 0.19% to trade at 30,236 as Hong Kong’s Hang Seng pulled back 1.13% to 30,732. The Shanghai Composite meanwhile moved up, rising 0.56%.

 

Company News & Broker Comments:

 

Company News:

Barclays reports that they have resumed paying dividends as their annual profit halved to £3.1bn, which was better than expected (analysts’ average forecast of £1.96bn) due to strong performance by its investment bank offsetting provisions against bad loans from the economic fallout of COVID-19. They are to resume paying dividends of 1p per share as well as returning capital via a £700m buyback.

 

Hays says that their H1 performance has been hurt by the coronavirus pandemic as their pretax profit falls 78% to £21.1m.

 

Hochschild Mining FY pretax profit falls to $62.9m (from $76.8m previously).

 

Indivior reports that their Q4 pretax loss has narrowed to $14m (from $42m loss last year).

 

Moonpig expects their annual revenue to double on high demand for its services during the COVID-19 pandemic.

 

Moneysupermarket reports that their 2020 pretax profit is down 24% to £87.8m (from £116m previously).

 

Primary Health Properties reports that their FY adjusted earnings per share rose 5.5% to 5.8p as their FY net rental income receivable in the year increased by 13.4% to £131.2m (2019: £115.7m).

 

Smith & Nephew report that their trading profit is down YoY to $683m ($1.17bn previously).

 

Broker Comments:

Citigroup Upgrades Aviva to a Buy from Neutral (8 Buys / 9 Holds / 0 Sells)

 

Goldman Sachs Initiates coverage of Ashtead with a Buy (7 Buys / 8 Holds / 1 Sell)

 

Morgan Stanley Upgrades SSP Group to Overweight from Equalweight (7 Buys / 8 Holds / 0 Sells)

 

 

Reporting Today:

 

Barclays

Hays

Indivior

Moneysupermarket.com

Primary Health Properties

Smith & Nephew

 

Reporting Tomorrow:

 

NatWest Group

Segro

TBC Bank Group

 

In Focus Today:

 

 

ECB Monetary Policy Meeting Accounts

BoE’s Saunders speech

US Housing Starts

US Continuing Jobless Claims

Eurozone Consumer Confidence

 

Today’s Ex Dividends:

 

UK 100:

 

Imperial Brands

BP

Pershing Square Holdings

GlaxoSmithKline

Royal Dutch Shell A

Royal Dutch Shell B

 

UK 250:

 

Murray Income Trust

GCP Student Living

NextEnergy Solar Fund

BBGI Global Infrastructure S.A.

Impax Environmental Markets

 

 

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