Morning Report

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 - 25 November 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
INTERTEK GROUP PLC	5,470.0	6.0%
ST JAMES’S PLACE PLC	1,550.5	2.1%
SEGRO PLC	1,384.5	1.9%
TAYLOR WIMPEY PLC	160.7	1.8%
PERSIMMON PLC	2,822.0	1.8%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
HALMA PLC	2956.0	-5.7%
OCADO GROUP PLC	1804.0	-4.8%
SPIRAX-SARCO ENGINEERING PLC	15845.0	-3.7%
HARGREAVES LANSDOWN PLC	1436.0	-3.5%
SEGRO PLC	1359.0	-3.5%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,267	0.2%	13.0%
DOW JONES INDUS. AVG	35,814	0.6%	19.2%
DAX INDEX	15,937	-1.1%	19.9%
NIKKEI 225	29,303	-1.6%	14.8%
S&P/ASX 200 INDEX	7,399	-0.2%	11.4%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	78.25	-0.18%
Brent Crude (ICE)	USD/bbl.	82.25	0.00%
Gold Spot	USD/t oz.	1,794	0.3%
Copper (Comex)	USd/lb.	451	0.8%

The UK 100 is called to open +16 points today at 7302.

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +16 points today at 7302. A positive open is expected today on the UK 100, the major benchmark will be looking to see a fourth consecutive day of gains as it builds momentum coming into December. Stateside yesterday saw a mixed session on Wall Street, The S&P ticked up 0.23% to close at 4,701.46, while the tech-heavy Nasdaq added 0.44% to finish at 15,845.23. The Dow Jones lost just 9.42 points and settled at 35,804.38. In Asia this morning stocks were mixed on Thursday after South Korea raised its policy rate by 25 basis points to 1%. China’s Shanghai Composite slipped 0.08% while Hong Kong’s Hang Seng index rose 0.22%, the Nikkei in Japan gained 0.67% but South Korea’s Kospi slipped 0.45%.

Company News & Broker Comments:

Company News:

Hill & Smith says they are on track for FY underlying profit to be in line with consensus.

Hochschild notes Peru government statement supporting mine permit extensions as they state that Inmaculada and Pallancata mines can continue without uncertainty. They have also reaffirmed their goal to increase resources and extend mine lives.

Mitchells & Butlers reports that their FY21 pretax loss narrowed to £42m (2020: £123m loss) as their operating profit was up to £81m (2020: £8m). They state trading remains challenging and costs continue to pressure.

Broker Comments

Jefferies Upgrades IHG to Buy from Underperform (7 Buys / 11 holds / 2 Sells)

Liberum Upgrades Howden Joinery to Buy from Hold (8 Buys / 4 Holds / 0 Sells)

Morgan Stanley Downgrades Renishaw to Underweight from Equal Weight (3 Buys / 3 Holds / 2 Sells)

Morgan Stanley Downgrades Spectris to Underweight from Equal Weight (3 Buys / 5 Holds / 1 Sell)

RBC Upgrades Capita to Outperform from Sector Perform (2 Buys / 3 Holds / 1 Sell)

Reporting Today:

Future

Hill & Smith

Templeton Emerging Markets Investment Trust

Reporting Tomorrow:

Mitchells & Butler

TR Property Investment Trust

In Focus Today:

German Gfk Consumer Confidence Survey

Tokyo Consumer Price Index

Today’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

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.

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.