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Summary
- The FTSE 100 has already gained more than 1 per cent ahead of the Budget 2021 presentation
- Several stocks related to hospitality, tourism, travel, retailing, food processing, beverages, and restaurants will remain in focus as the Chancellor reads out Budget 2021
Several UK stocks are likely to be impacted by the wide range of announcements made by the Chancellor of the Exchequer Rishi Sunak in Budget 2021. Headline indices including the FTSE 100, FTSE 250, FTSE 350 and FTSE All-Share will be in focus during the Budget presentation.
With the government already chalking out a comprehensive roadmap for a phased exit from lockdown restrictions, the Chancellor is expected to focus on the deprived sectors and businesses that have encountered a sizeable washout in their respective earnings and profitability.
Among the many sectors, the stocks pertaining to specific segments, including food and beverage, food producer, household good and home construction, personal care, drug and grocery, retailing, and travel and leisure, are expected to fluctuate in line with the Budget announcements.
The shares in these sectors may witness a considerable rise if the government comes up with higher-than-expected monetary allocation.
As all eyes are on Sunak’s proposed Budget, we take a look at the top 20 FTSE 100 stocks that are likely to be impacted by the outcome of Budget 2020.
Also Read: What to look out for in the UK Budget 2021
Top 21 FTSE 100 stocks in focus on Budget day
|
Diageo Plc |
Next Plc |
Whitbread Plc |
|
Unilever Plc |
InterContinental Hotels Group Plc |
Taylor Wimpey Plc |
|
Reckitt Benckiser Group Plc |
Persimmon Plc |
Kingfisher Plc |
|
Associated British Foods Plc |
Entain Plc |
B&M European Value Retail SA |
|
Tesco Plc |
JD Sports Fashion Plc |
Berkeley Group Holdings Plc |
|
Ocado Group Plc |
Coca-Cola HBG AG |
J Sainsbury Plc |
|
IAG SA |
Barratt Developments Plc |
Morrison Supermarkets Plc |
Among the top stocks from the 101-constituent pack of FTSE 100 are Coca-Cola HBG and Diageo from the ‘beverages’ segment; Associated British Foods from the ‘food producers’ sector; and Barratt Developments, Berkeley Group Holdings, Persimmon and Taylor Wimpey from the ‘household goods and home construction sector.
Morrison Supermarkets, Ocado Group, Reckitt Benckiser, J Sainsbury, Tesco and Unilever are stocks to watch from the ‘personal care, drug and grocery’ segment; B&M European Value Retail, JD Sports Fashion, Kingfisher and Next from the ‘retail’ sector; and Entain, IHG, International Consolidated Airlines Group, and Whitbread from the ‘travel and leisure’ sector.
Other than these, a bunch of other mid-cap and small-cap shares, which are constituents of wider share indicators FTSE 250 and FTSE 350, will also be keenly watched as the Chancellor reads out Budget 2021.
