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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Whitbread PLC | 3,640.0 | 2.5% |
| Rentokil Initial PLC | 419.7 | 1.4% |
| Anglo American PLC | 1,838.6 | 0.8% |
| Bae Systems PLC | 1,165.0 | 0.8% |
| Admiral Group PLC | 2,590.0 | 0.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Barclays PLC | 144.9 | -5.0% |
| WPP PLC | 728.6 | -4.1% |
| Marks And Spencer Group PLC | 266.8 | -3.9% |
| Lloyds Banking Group PLC | 45.5 | -3.3% |
| SSE PLC | 1,803.0 | -3.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,590 | -0.8% | -1.1% |
| DOW JONES INDUS. AVG | 37,431 | -0.7% | 10.2% |
| DAX INDEX | 16,555 | -0.8% | 11.6% |
| NIKKEI 225 | 35,050 | 1.8% | 32.5% |
| S&P/ASX 200 INDEX | 7,506 | 0.5% | 3.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 73.60 | 3.12% |
| Brent Crude (ICE) | USD/bbl. | 78.87 | 2.70% |
| Gold Spot | USD/t oz. | 2,026 | 0.1% |
| Copper (Comex) | USd/lb. | 378 | -0.2% |
Click graph to enlarge
The UK 100 called to open +30 points at 7,607. The UK 100 is expected to open higher on Friday after US markets recovered early losses to close little changed following Thursday’s strong inflation print. The UK economy returned to growth in November, with GDP expanding by 0.3%. That’s slightly stronger than the 0.2% growth which City economists expected. It follows the 0.3% contraction in October. Investors were also digesting the latest economic data from China where figures showed deflation continued for the third month in a row, while imports and exports struggled in 2023. Stocks Stateside ended Thursday near the flat line after a fresh round of inflation data reflected an uptick in consumer prices for December. The Nasdaq closed at the flat line, settling at 14,970.19. The Dow Jones eked out a gain of 15.29 points, or 0.04%, to close at 37,711.02. The S&P edged lower by 0.07% to end at 4,780.24. Earlier in the session, the broad market index briefly traded above its record closing high of 4,796.56. December’s consumer price index report came out slightly higher-than-expected, reflecting a 0.3% increase in consumer prices for the month, pushing the annual rate to 3.4%. Economists polled by Dow Jones had predicted that the CPI rose 0.2% in December and 3.2% on a year-over-year basis. Core CPI, excluding volatile food and energy prices, came in line with expectations, however, pointing to persistent, yet easing, inflation pressures. The data released on Thursday suggests that future interest rate cuts may be slower to come.
Burberry Group have warned that its FY results will be below its previous guidance after a further deceleration in its key December trading period. They state that a slowdown in luxury demand is having an impact on current trading.
John Wood says 2023 trading was in line with expectations as they expect their 2023 adjusted EBITDA to be slightly ahead of guidance at $420-425m.
Metro Bank CFO James Hopkinson is to step down with immediate effect.
Vistry Group have said that the easing of mortgage rates in recent weeks has been encouraging and this would help stimulate demand in 2024. Forward sales was up 12.4% on prior year at £4.5bn. They state that Greg Fitzgerald will be their executive chair and CEO with effect from May.
No new broker comments
UK
None
US
Bank of America Corp
BlackRock
Citigroup Inc
Delta Air Lines
JPMorgan Chase
UnitedHealth Group
Wells Fargo & Co
UK
Ashmore Group
Assura
PageGroup
RS Group
US
None
Chinese Consumer Price Index
UK Manufacturing Production
UK Industrial Production
UK Gross Domestic Product
US Producer Price Index
UoM 5-year Consumer Inflation Expectation
Michigan Consumer Sentiment Index
UK 100 companies going ex-dividend on 18th January 2023:
B&M European Value Retail S.A.
Compass Group
Diploma
UK 250 companies going ex-dividend on 18th January 2023:
NB Private Equity Partners
Games Workshop Group
Future
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