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Morning Report - 19 January 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Flutter Entertainment PLC 15,400.0 16.7%
Entain PLC 946.6 5.8%
St. James’s Place PLC 639.8 3.2%
Rolls-Royce Holdings PLC 304.5 2.7%
Anglo American PLC 1,793.0 2.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
B&M European Value Retail S.A. 524.6 -3.4%
Admiral Group PLC 2,504.0 -2.2%
Centrica PLC 140.2 -1.9%
Smurfit Kappa Group PLC 2,926.0 -1.7%
Hikma Pharmaceuticals PLC 1,932.5 -1.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,458 0.2% -4.9%
DOW JONES INDUS. AVG 37,252 0.0% 11.8%
DAX INDEX 16,534 0.6% 8.8%
NIKKEI 225 35,466 0.0% 34.3%
S&P/ASX 200 INDEX 7,346 -0.6% -1.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.63 1.47%
Brent Crude (ICE) USD/bbl. 78.62 0.95%
Gold Spot USD/t oz. 2,015 0.4%
Copper (Comex) USd/lb. 374 0.1%
The UK 100 called to open +48 points at 7,507

4 Hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +48 points at 7,507.  The UK 100 is expected to open higher after US stocks reversed early falls and closed in the green, this early rise looks set to occur despite retail sales seeing the biggest drop since January 2021 in December increasing the likelihood of a technical recession in the UK.  Figures from the Office for National Statistics showed retail sales fell 3.2% in December following a rise of 1.4% in November (revised up from an increase of 1.3%).  Tech companies, led by Apple, powered the market Thursday and pulled the major averages into positive territory.  The Dow Jones added 201.94 points, or 0.54%, rebounding from its 143.72-point loss earlier in the trading session. The 30-stock index finished at 37,468.61. The tech-heavy Nasdaq jumped 1.35% to close at 15,055.65. The S&P climbed 0.88% to end at 4,780.94, now just 15.62 points, or 0.33%, from its closing record.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca says Voydeya has been granted approval in Japan for adults with PNH.

 

Deliveroo state that their earnings would be “slightly” ahead of the £60-80m it had guided, while the total value of orders on its platform had risen 3%, in-line with forecasts.

 

DFS Furniture says their order intake was down 1.1% YoY, outperforming a challenging market. They state that their FY pretax profit guidance is unchanged at £30-35m.

 

 

Broker Comments:

Société Générale Downgrade Watches of Switzerland to Hold from Buy (5 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

4imprint Group

Burberry Group

Close Brothers Group

Dunelm Group

Petershill Partners

Spirent Communications

 

 

US

 

SLB

Reporting Tomorrow:

UK

 

Baillie Gifford US Growth Trust

Edinburgh Worldwide Investment Trust

 

US

 

None

 

 

In Focus Today:

German Producer Price Index

UK Retail Sales

UoM 5-year Consumer Inflation Expectation

Michigan Consumer Sentiment Index

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 25th January 2023:

 

None

 

 

UK 250 companies going ex-dividend on 25th January 2023:

 

 

Ferrexpo

Victrex

Sequoia Economic Infrastructure Inc Fnd

Pennon Group

Foresight Solar Fund

City of London Investment Trust

Bankers Investment Trust

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