Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 21 September 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 166.2 11.2%
ASTRAZENECA PLC 8,559.0 6.2%
ROLLS-ROYCE HOLDINGS PLC 115.7 4.2%
POLYMETAL INTERNATIONAL PLC 1,345.5 2.1%
UNILEVER PLC 3,988.0 1.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
PRUDENTIAL PLC 1324.5 -8.4%
STANDARD CHARTERED PLC 411.0 -7.0%
SCHRODERS PLC 3583.0 -6.6%
DS SMITH PLC 430.5 -5.2%
INTERMEDIATE CAPITAL GROUP 2072.0 -4.8%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,904 -0.9% 18.9%
DOW JONES INDUS. AVG 33,970 -1.8% 25.1%
DAX INDEX 15,132 -2.3% 20.7%
NIKKEI 225 29,840 -2.2% 28.3%
S&P/ASX 200 INDEX 7,274 0.4% 24.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.90 0.87%
Brent Crude (ICE) USD/bbl. 74.64 0.97%
Gold Spot USD/t oz. 1,763 -0.1%
Copper (Comex) USd/lb. 413 0.3%

 

The UK 100 is called to open +52 today at 6955.

1 day; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +52 today at 6955.  The UK 100 looks set to bounce on the open after it was one of many indices which dropped to two-month lows at the start of the week. It was another tough session for Asian markets this morning, Japan’s Nikkei fell by 1.67% after the market returned to trade following a holiday on Monday. In Hong Kong, the Hang Seng index slipped 0.42%. Markets in mainland China and South Korea remained closed for holidays. Stateside yesterday saw the biggest one day fall since May, the S&P + fell 1.7%, and the Dow Jones closed down 614 points, or 1.8%. The tech-focused Nasdaq also fell 2.2%, as the prospect emerged that one of China’s largest property developers may default on hundreds of billions of dollars of debt.

 

 

Company News & Broker Comments:

 

Company News:

Compass Group have forecast Q4 revenues to be slightly better than expectations as sports fans throng stadiums again and students return to campuses. Q4 revenue is expected to improve to about 86% of 2019 levels, slightly ahead of company’s forecast of 80-85%. FY revenue is seen at about 76% of 2019 levels.
Dignity swings to a H1 pretax profit of £50.5m, up from a £12.1m loss the prior year.
 
Kingfisher reported a 61.6% jump in H1 profit on the back of a pandemic DIY boom and raised its sales expectations for H2. They reported an adjusted pre-tax profit of £669m (2020: £415m), ahead of guidance of £645-660m. They expect FY22 adjusted pretax profit to be between £910-950m. Also £300m is to be returned to shareholders via buyback.
Royal Dutch Shell agrees to sell Permian business to ConocoPhillips for $9.5bn cash.
Travis Perkins declares a special dividend of 35p per share after unit sale as they are set to start a share buyback programme, with the first tranche worth £100m.

 

Broker Comments

 

Barclays Downgrades Quilter to Underweight from Equalweight (4 Buys / 2 Holds / 0 Sells)
Goldman Sachs Upgrades Segro to Conviction Buy list (5 Buys / 9 Holds / 1 Sell)
UBS Upgrades Computacenter to Buy from Neutral (4 Buys / 3 Holds / 0 Sells)

 

Reporting Today:

 

Compass

Kingfisher

 

Reporting Tomorrow:

 

Oxford BioMedica

PZ Cussons

 

In Focus Today:

 

US Housing Starts

US Building Permits

 

This Week’s Ex-Dividends:

 

FTSE 100:

 

Hargreaves Lansdown

Smurfit Kappa Group

 

FTSE 250:

 

IG Group Holdings

Redrow

Crest Nicholson Holdings

Wickes Group

Fidelity European Trust

Essentra

Computacenter

Mercantile Investment 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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.