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Morning Report - 19 February 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
AUTO TRADER GROUP PLC 603.8 1.8%
SAGE GROUP PLC 604.2 1.3%
ASHTEAD GROUP PLC 3,914.0 1.1%
BARRATT DEVELOPMENTS PLC 686.4 0.9%
KINGFISHER PLC 277.6 0.8%

 

 

Yesterday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 93.3 -8.8%
SMITH & NEPHEW PLC 1475.0 -5.9%
IMPERIAL BRANDS PLC 1421.0 -5.6%
BARCLAYS PLC 147.5 -4.4%
BP PLC 269.4 -4.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,617 -1.4% -11.3%
DOW JONES INDUS. AVG 31,493 -0.4% 7.3%
DAX INDEX 13,887 -0.2% 1.5%
NIKKEI 225 30,018 -0.7% 28.3%
S&P/ASX 200 INDEX 6,794 -1.3% -4.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.72 -1.32%
Brent Crude (ICE) USD/bbl. 63.28 -1.02%
Gold Spot USD/t oz. 1,772 -0.2%
Copper (Comex) USd/lb. 397 1.6%
UK 100 is called to open -7 points this morning at 6610

1 Hour; 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open -7 points this morning at 6610.  Calls for a subdued start today come on the back of yesterdays sell off.  UK retail sales data this morning also showed volumes decreased by 8.2% in January from December’s level, the Office for National Statistics (ONS) said.  On Wall Street yesterday it was a similar picture, US indices retreated after weekly jobless claims rose to a four-week high. The Dow Jones fell by 120 points to 31,493 and the S&P closed 17 points lower at 3,914.  Asia was also lower this morning, with Japan’s Nikkei 225 off  by 226 points at 30,010 and Hong Kong’s Hang Seng index 66 points lower at 30,529.

 

Company News & Broker Comments:

 

Company News:

AIB Group confirms an accord with Natwest to buy its 4bn euro Ulster bank loan portfolio.

 

Daily Mail Trust agrees to the sale of EdTech business Hobsons for $410m.

 

Kingspan reports that their 2020 revenue fell by 2% YoY to 4.6bn euros.

 

Natwest posts a FY loss of £327m as higher income from increased levels of customer activity was offset by asset disposal costs and strategic risk reduction. They are to withdraw from Ireland as they are completing their review of their Ulster bank unit. They have also proposed to restart paying a 3p per share dividend for 2020.

 

Segro reports £77.9m of new headline rent in 2020 as they increase their dividend by 6.8% to 22.1p per share.

 

Broker Comments:

Investec Downgrades Senior to a Sell from Hold (3 Buys / 5 Holds / 0 Sells)

 

UBS initiates coverage of Fevertree with a Buy (5 Buys / 4 Holds / 2 Sells)

 

 

Reporting Today:

 

NatWest Group

Segro

TBC Bank Group

 

 

Reporting Tomorrow:

 

Associated British Foods (ABF)

Dechra Pharmaceuticals

 

In Focus Today:

 

 

German Markit Manufacturing PMI

German Markit PMI Composite

Eurozone Markit PMI Composite

UK Markit Services PMI

UK Retail Sales

German Producer Price Index

US Markit Manufacturing PMI

US Markit Services PMI

Today’s Ex Dividends:

 

UK 100:

 

Diageo

Land Securities Group

Unilever

AstraZeneca

Barclays

 

UK 250:

 

Witan Investment Trust

Redrow

LXI REIT

Plus500

 

 

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