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Morning Report - 19 November 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
ROYAL MAIL PLC	480.7	9.8%
PERSIMMON PLC	2,819.0	4.8%
BERKELEY GROUP HOLDINGS/THE	4,462.0	3.9%
TAYLOR WIMPEY PLC	158.7	3.8%
BARRATT DEVELOPMENTS PLC	693.6	3.6%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
DARKTRACE PLC	524.5	-4.6%
FRESNILLO PLC	951.8	-3.6%
GLAXOSMITHKLINE PLC	1512.0	-3.0%
POLYMETAL INTERNATIONAL PLC	1471.0	-3.0%
ANGLO AMERICAN PLC	2798.5	-2.8%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,256	-0.5%	14.6%
DOW JONES INDUS. AVG	35,871	-0.2%	21.7%
DAX INDEX	16,222	-0.2%	24.0%
NIKKEI 225	29,746	0.5%	16.0%
S&P/ASX 200 INDEX	7,397	0.2%	13.0%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	79.77	0.96%
Brent Crude (ICE)	USD/bbl.	82.14	1.11%
Gold Spot	USD/t oz.	1,860	0.1%
Copper (Comex)	USd/lb.	439	1.9%

The UK 100 is called to open +45 points today at 7300.

4 hours; 2 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +45 points today at 7300. The UK 100 looks set this morning to reclaim the losses given up during yesterdays session, ahead of todays retail sales figures. It was a mixed session on Wall Street yesterday with the Dow Jones down 60 points at 35,871 while the S&P advanced 16 points to advance to a fresh record high of 4,705. Asian markets have been similarly varied this morning, with Tokyo’s Nikkei 161 points to the good at 29,759 and Hong Kong’s Hang Seng off 314 points at 25,006.

Company News & Broker Comments:

Company News:

Great Portland Estates reports a H1 pretax profit of £62.3m, swinging from a £154.8m loss in 2020.

Kingfisher have forecast FY profit to be at the higher end of its previously guided range of £910-950m after reporting strong Q3 sales on a two-year basis. Like-for-like sales fell 2.4% in the quarter ending Oct 31st against higher nubers in 2020 when it benefited from soaring demand during the COVID-19 pandemic.

Ryanair gives notice of intention to cancel listing on LSE’s main market. Final day of dealing shares would be December 17th 2021.

Wizz Air CEO Jozsef Varadi sells 45,000 shares at £45.61-47.51 worth £2.1m.

Broker Comments

Credit Suisse Downgrades Johnson Matthey to Neutral from Outperform (5 Buys / 6 Holds / 4 Sells)

Reporting Today:

Euromoney Institutional Investor

Great Portland Estates

Kingfisher

Personal Assets Trust

Reporting Monday:

Big Yellow Group

Diploma

In Focus Today:

ECB’s President Lagarde speech

GfK Consumer Confidence

UK Retail Sales

German Producer Price Index

Fed’s Waller speech

Fed’s Clarida speech

Next Week’s Ex-Dividends:

FTSE 100:

Vodafone Group

Imperial Brands

British Land Company

Land Securities Group

FTSE 250:

Diversified Energy Company

3i Infrastructure

CMC Markets

Tate & Lyle

HICL Infrastructure

Hipgnosis Songs Fund

Murray Income Trust

Electrocomponents

Kainos Group

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