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|Yesterday’s UK100 Leaders||Price (p)||% Chg|
|RECKITT BENCKISER GROUP PLC||6,564.0||3.0%|
|BT GROUP PLC||152.4||2.9%|
|UNITED UTILITIES GROUP PLC||926.8||2.1%|
|SEVERN TRENT PLC||2,342.0||1.9%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|FLUTTER ENTERTAINMENT PLC||15935.0||-3.3%|
|SMITHS GROUP PLC||1512.5||-3.0%|
|BARRATT DEVELOPMENTS PLC||749.6||-2.7%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||6,736||-0.1%||21.1%|
|DOW JONES INDUS. AVG||33,171||0.3%||48.6%|
|S&P/ASX 200 INDEX||6,738||-0.9%||30.1%|
|WTI Crude Oil (Nymex)||USD/bbl.||61.45||-0.18%|
|Brent Crude (ICE)||USD/bbl.||64.94||-0.06%|
|Gold Spot||USD/t oz.||1,707||-0.3%|
UK 100 is called to open +35 points this morning at 6771. Calls for positive open this morning come as the fallout from Archegos fund blowup seem to be easeing. It was a varied session in the US yesterday, which saw the Dow Jones close at new record highs, climbing by 0.3% to 33,171.37, this came ahead of confirmation of President Biden’s infrastructure package tomorrow. Meanwhile, rising US 10-year bond yields hit a fresh one-year high which in turn pulled back the S&P and Nasdaq, which fell by 0.08% and 0.6% respectively. The mixed sentiment continued in Asia this morning, Hong Kong’s Hang Seng index gained 1.04% and the Shanghai Composite in China rose 0.42%. However in Japan, the Nikkei 225 fell 0.08%.
AG Barr reports that their FY21 pretax profit was down 31% to £260m and they are committed to plans to recommence dividends in FY22.
Imperial Brands reports a good start to the year with trading in line with expectations. They expect low-mid single digit organic adjusted operating profit rise with H1 net revenue to grow by at least 1% on strong pricing in tobacco. They expect H1 adjusted operating profit to be £1.47bn (2020: £1.46bn).
Royal Mail says trading remains broadly in line with expectations as they expect FY21 adjusted operating profit to be around £700m. They intend to pay a one-off final dividend of 10p for FY21, to be paid in September.
SSE intends to recommend FY dividend of 80p plus RPI for FY21 as they expect net debt to be £9bn on March 31st.
Berenberg Upgrades Ryanair to Buy from Hold (2 Buys / 0 Holds / 1 Sell)
Bernstein Upgrades BAE Systems to Outperform from Market Perform (8 Buys / 6 Holds / 1 Sell)
Citigroup Upgrades Victrex to Neutral from Sell (3 Buys / 9 Holds / 4 Sells)
JP Morgan Downgrades 888 Holdings to Neutral from Overweight (6 Buys / 1 Hold / 0 Sells)
RBC Downgrades Fevertree Drinks to Sector Perform from Outperform (6 Buys / 4 Holds / 2 Sells)
German Harmonized Index of Consumer Prices
EU Consumer Confidence
EU Business Climate
US Housing Price Index
US Consumer Confidence
S&P/Case-Shiller Home Price Indices
Phoenix Group Holdings
Smith & Nephew
Murray International Trust
Primary Health Properties
Finsbury Growth & Income Trust
RIT Capital Partners
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