This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Yesterday’s UK 100 Leaders||Price (p)||% Chg|
|LLOYDS BANKING GROUP PLC||45.0||3.2%|
|ROYAL DUTCH SHELL PLC-B SHS||1,326.2||2.6%|
|ROYAL DUTCH SHELL PLC-A SHS||1,388.6||2.5%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|RECKITT BENCKISER GROUP PLC||6335.0||-3.8%|
|AVEVA GROUP PLC||3573.0||-3.3%|
|SAINSBURY (J) PLC||235.6||-2.7%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||6,976||0.5%||17.0%|
|DOW JONES INDUS. AVG||33,886||-0.3%||40.6%|
|S&P/ASX 200 INDEX||7,065||0.4%||31.0%|
|WTI Crude Oil (Nymex)||USD/bbl.||63.99||1.67%|
|Brent Crude (ICE)||USD/bbl.||67.45||1.55%|
|Gold Spot||USD/t oz.||1,773||-0.2%|
UK 100 is called to open +14 points this morning at 6977. Calls for a positive open in the UK today come after last night’s US Federal Reserve meeting saw no real material changes. It was a muted day in Wall Street yesterday, the Dow Jones dropped 164 points or 0.48% to close Wednesday’s session at 33,820. The S&P ended Wednesday down 0.08% at 4,183 whilst the Nasdaq dipped 0.28% at 14,051. The picture was brighter in Asia overnight, In Japan the Nikkei gained 0.21% trading at 29,053 and Hong Kong’s Hang Seng was up 0.54% at 29,227. The Shanghai Composite was similarly up 0.21% at 3,464.
British American Tobacco says they are confident in 2021 outlook of mid-single figure EPS growth.
BT are in talks to sell some or all of their television arm BT Sport amid interest from Dazn, Amazon and Walt Disney.
Flutter Entertainment report that their Q1 revenue increased 32% YoY to 1.5m.
Meggit report that their Q1 revenue fell 29% YoY.
Natwest returned to profit in Q1 2021 after joining rivals in releasing some of the cash it had set aside to cover expected bad loans due to the pandemic. They reported a pre-tax profit of £946m, ahead of average analyst forecasts of £536m (2020: £519m profit). Their profits were boosted by a net impairment release of £102m, where analysts had forecast an extra charge of £251m.
Royal Dutch Shell swings to a Q1 profit of $5.66bn in Q1, from a $24m loss YoY. They have increased their dividend per share by 4% to USD 0.1735.
Standard Chartered report that their Q1 pretax profit increased 59% YoY to $1.41bn.
Smith & Nephew reinstates FY21 outlook after Q1 revenue grows 12% to $1.26bn.
Unilever reported higher-than-expected underlying sales growth for Q1, buoyed by double-digit increases in India and China. Underlying sales rose 5.7%, beating the 3.9% analysts had expected.
WH Smith have warned of the possible risk of breaching its covenant tests in 2022 after they slumped to a H1 loss and launched a potential £325m bonds offering as the retailer navigates the COVID-19 crisis.
Barclays Downgrades Dixons Carphone to Equal weight from Overweight (4 Buys / 2 Holds / 2 Sells)
Royal Dutch Shell
Smith & Nephew
German Harmonized Index of Consumer Prices
US Gross Domestic Product Annualized
German Unemployment Rate
EU Consumer Confidence
EU Business Climate
US Initial Jobless Claims
London Stock Exchange Group
John Laing Group
Morgan Sindall Group
Foresight Solar Fund
City of London Investment Trust
Morgan Advanced Materials
Bankers 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.
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.