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 |
| JD Sports Fashion PLC | 113.9 | 3.2% |
| Endeavour Mining PLC | 1,470.0 | 3.2% |
| Fresnillo PLC | 533.4 | 3.0% |
| Antofagasta PLC | 1,629.5 | 2.6% |
| Rightmove PLC | 563.6 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group PLC | 1,289.0 | -5.3% |
| International Consolidated Airlines Group S.A. | 144.4 | -2.8% |
| Informa PLC | 752.4 | -1.7% |
| Ocado Group PLC | 653.6 | -1.2% |
| SSE PLC | 1,786.5 | -1.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,624 | 0.6% | -2.1% |
| DOW JONES INDUS. AVG | 37,518 | -0.5% | 10.5% |
| DAX INDEX | 16,673 | 0.8% | 10.7% |
| NIKKEI 225 | 35,577 | 1.5% | 36.2% |
| S&P/ASX 200 INDEX | 7,498 | -0.1% | 2.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 73.64 | 2.25% |
| Brent Crude (ICE) | USD/bbl. | 79.14 | 2.23% |
| Gold Spot | USD/t oz. | 2,053 | 1.2% |
| Copper (Comex) | USd/lb. | 377 | -0.2% |
Click graph to enlarge
The UK 100 called to open +4 points at 7,628. The UK 100 is expected to start the week on the front foot although the session may be more subdued than normal with US markets closed for Martin Luther King Day. On Friday, US markets ended mixed, while in Asia, equity markets have made steady progress. The 30-stock Dow lost 118.04 points, or 0.31%, to close at 37,592.98. The S&P ended the day 0.08% higher at 4,783.83, and the tech-heavy Nasdaq closed just above flat, gaining 0.02% to settle at 14,972.76.
Ashmore Group report that their assets under management climbed 4% in Q2, supported by positive response from clients amid an improving global macro environment. Net outflows for the quarter end Dec 31st came in at $1.6bn, lower than the previous quarter. Assets under management rose to $54bn up from $51.7bn at the end of Sept.
Crest Nicholson has cut its annual profit forecast citing higher costs related to certain legacy sites and an exceptional charge of £13m on a legal claim. They now expect their FY adjusted profit before tax to be £41m, compared with previous expectations of £45-50m.
PageGroup report a total Q4 2023 gross profit of £237.3m, up from £266.9m YoY.
Goldman Sachs Downgrades Burberry to Neutral from Buy (1 Buy / 15 Holds / 2 Sells)
Panmure Upgrades ITM Power to Buy from Hold (4 Buys / 7 Holds / 2 Sells)
UK
Ashmore Group
Assura
PageGroup
RS Group
US
None
UK
Experian
IntegraFin Holdings
Ninety One
Ocado Group
Rio Tinto
US
Goldman Sachs
Morgan Stanley
EU Industrial Production s.a.
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
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.