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Morning Report - 30 November 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
BT GROUP PLC	163.4	6.1%
COMPASS GROUP PLC	1,522.0	4.7%
JD SPORTS FASHION PLC	1,141.5	3.6%
JOHNSON MATTHEY PLC	2,133.0	3.2%
BP PLC	327.7	3.2%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
HARGREAVES LANSDOWN PLC	1341.5	-5.6%
POLYMETAL INTERNATIONAL PLC	1341.5	-2.3%
HIKMA PHARMACEUTICALS PLC	2230.0	-2.1%
DARKTRACE PLC	462.0	-1.9%
SAINSBURY (J) PLC	289.7	-1.3%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,110	0.9%	11.7%
DOW JONES INDUS. AVG	35,136	0.7%	17.5%
DAX INDEX	15,281	0.2%	14.6%
NIKKEI 225	28,284	-1.6%	7.0%
S&P/ASX 200 INDEX	7,240	-0.5%	11.1%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	69.95	2.64%
Brent Crude (ICE)	USD/bbl.	73.45	1.00%
Gold Spot	USD/t oz.	1,785	0.0%
Copper (Comex)	USd/lb.	434	1.2%

The UK 100 is called to open -60 points today at 7050.

4 hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -60 points today at 7050. UK markets look set for a pull back this morning following yesterdays bounce, the UK’s bluechip is called to open 90 points lower, erasing most of the gains from the previous session. Stocks in Asia this morning gave up their early gains following a statement from Moderna CEO Stephane Bancel that he expects existing vaccines to be less effective against the new COVID-19 variant. China’s Shanghai Composite slipped 0.10% while Hong Kong’s Hang Seng index slumped 2.37%. The Nikkei in Japan declined 1.45% and South Korea’s Kospi dipped 2.08%.

Company News & Broker Comments:

Company News:

BT Group: Reliance Industries denies report of plan to bid for BT.

Countryside Properties reports a FY pretax profit of £85.4m (2020: £1.9m loss).

EasyJet reports that it has seen some softening of trading in Q1 following the emergence of the Omicron variant, but it remained well placed to handle uncertainty through its financial year. They reported a FY loss before tax of £1.14bn, at the higher end of forecasts and said Q1 capacity was expected to be up to around 65% of 2019 levels.

Marstons posted a bigger annual loss and withheld their dividend citing potential for continuing uncertainty as a new variant of the coronavirus identified last week threatens a sustained economic rebound. They state that bookings for the Christmas period was encouraging and in line with pre-pandemic levels.

Shaftesbury warns of further COVID variants damping the recovery.

Topps Tiles resumed dividend payouts as FY profit jumped more than four-fold, driven by demand from people redoing their homes during the pandemic. They reported an adjusted profit before tax of £15.3m (2020: £3.6m profit).

WPP announces the acquisition of Cloud Commerce Group.

Broker Comments

Credit Suisse Downgrades Drax to Neutral from Outperform (4 Buys / 1 Hold / 0 Sells)

JP Morgan Upgrades Reckitt Benckiser to European Analyst Focus List (11 Buys / 5 Holds / 0 Sells)

Reporting Today:

Countryside Properties

Greencoat Group

Pennon Group

Shaftesbury

easyJet

Reporting Tomorrow:

Centamin

Liontrust Asset Management

In Focus Today:

Chinese Non-Manufacturing PMI

Chinese NBS Manufacturing PMI

EU Consumer Price Index – Core

Canadian Gross Domestic Product Annualized

German Unemployment Change

US Housing Price Index

US S&P/Case-Shiller Home Price Indices

US Chicago Purchasing Managers’ Index

US Consumer Confidence

This Week’s Ex-Dividends:

FTSE 100:

Royal Mail

National Grid

Severn Trent

3i Group

Royal Mail

Johnson Matthey

FTSE 250:

Ninety One

Bellway

Telecom Plus

Fidelity Special Values

Big Yellow Group

LXI REIT

AVI Global Trust

Pets At Home Group

Hill & Smith Holdings

Great Portland Estates

Alliance Trust

Templeton Emerging Markets IT

Caledonia Investments

Personal Assets Trust

Oxford Instruments

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