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Morning Report - 25 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
RELX PLC 1,869.5 2.8%
SSE PLC 1,547.0 2.6%
ASHTEAD GROUP PLC 3,832.0 1.9%
JUST EAT TAKEAWAY 8,550.0 1.8%
SMITH & NEPHEW PLC 1,653.5 1.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 151.6 -3.4%
NEXT PLC 7914.0 -3.0%
MELROSE INDUSTRIES PLC 175.5 -2.8%
ASSOCIATED BRITISH FOODS PLC 2254.0 -2.8%
INFORMA PLC 515.8 -2.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,715 -0.4% -11.3%
DOW JONES INDUS. AVG 31,176 0.0% 6.8%
DAX INDEX 13,907 -0.1% 2.9%
NIKKEI 225 28,631 -0.4% 19.1%
S&P/ASX 200 INDEX 6,800 -0.3% -4.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 52.60 0.63%
Brent Crude (ICE) USD/bbl. 55.70 0.52%
Gold Spot USD/t oz. 1,854 -0.1%
Copper (Comex) USd/lb. 363 0.2%

 

UK 100 called to open +20 points this morning at 6717

1 Hour; 13 Days

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +20 points this morning at 6717.  Calls for a positive open come as overnight stocks in Asia were higher as China surpassed the US as the world’s largest recipient of foreign direct investment in 2020, according to the UN Conference on Trade and Development.  This positive sentiment fed into other Asian markets, seeing South Korea’s Kospi lead the gains, adding a significant 2.18%.  In Hong Kong, the Hang Seng index advanced 2.04% while China’s Shanghai composite rose 0.18%.  The region was also buoyed on Monday by hopes that a return to normal might not be too far off with the vaccine roll-out continuing.

 

 

Company News & Broker Comments:

 

Company News:

 

ASOS are in negotiations with Arcadia to buy Topshop, Topman, Miss Selfridge and HIIT.

 

AstraZeneca’s cancer drug Calquence meets primary endpoint in Phase 3 trial and has been approved in Japan for Chronic Lymphocytic Leukaemia.

 

Boohoo have agreed to buy the online business of Debenhams for £55m in cash, in a move which will see the department store chain close its remaining high street shops.

 

Mothercare expects to make a small EBITDA loss for FY, with retail sales in 9 months to Jan 2nd of £258m, down 38% YoY.

 

Premier Oil names Alexander Krane as their new CFO.

 

Tesco confirms its intention to return £4.99bn to shareholders via special dividend.

 

TP ICAP does not expect a material impact to it brokering business from Brexit after establishing a new subsidiary in France for its EU brokering business.

 

Broker Comments:

 

JP Morgan Upgrades Evraz to Overweight from Neutral (4 Buys / 8 Holds / 0 Sells)

 

 

Reporting Today:

 

JTC

 

 

Reporting Tomorrow:

 

 

Crest Nicholson Holdings

PZ Cussons

Petropavlovsk

UDG Healthcare

 

In Focus Today:

 

 

Bank Of Japan Monetary Policy Meeting

German IFO Business Climate

US Cicago Fed National Activity Index

 

 

This Week’s Ex Dividends:

 

UK 100:

 

Pennon Group

 

UK 250:

 

Paragon Banking Group

Victrex

City of London 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.


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