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 |
| Croda International PLC | 4,805.0 | 4.8% |
| GSK PLC | 1,568.0 | 2.0% |
| Antofagasta PLC | 1,735.0 | 1.7% |
| Severn Trent PLC | 2,598.0 | 1.5% |
| Flutter Entertainment PLC | 16,285.0 | 1.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| WPP PLC | 771.4 | -3.0% |
| Marks And Spencer Group PLC | 247.3 | -2.9% |
| M&G PLC | 224.1 | -2.4% |
| B&M European Value Retail S.A. | 518.6 | -2.2% |
| Vodafone Group PLC | 67.3 | -2.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,631 | -0.5% | -1.7% |
| DOW JONES INDUS. AVG | 38,150 | -0.8% | 11.9% |
| DAX INDEX | 16,904 | -0.4% | 11.4% |
| NIKKEI 225 | 36,011 | -0.8% | 31.7% |
| S&P/ASX 200 INDEX | 7,588 | -1.2% | 1.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 75.89 | 0.05% |
| Brent Crude (ICE) | USD/bbl. | 81.71 | -1.40% |
| Gold Spot | USD/t oz. | 2,042 | 0.1% |
| Copper (Comex) | USd/lb. | 386 | -1.2% |
Click graph to enlarge
The UK 100 called to open -16 points at 7,614. The UK 100 is expected to open lower this morning after the chair of the US Federal Reserve poured cold water on hopes for a cut in interest rates in March as they left interest rates unchanged. The move comes ahead of the Bank of England’s own interest rate call at midday – it too is expected to leave interest rates unchanged. On Wall Street, The Dow Jones fell 317.01 points, or 0.82% to close at 38,150.30. The S&P fell 1.61% to 4,845.65. The Nasdaq lost 2.23% to finish the session at 15,164.01.
BT Group said they are on track to grow revenue and profit this year after reporting a better-than-expected 3% rise in Q3 revenue and a broadly in-line 1% rise in core earnings. Increased sales of fibre broadband to its Openreach wholesale partners and price rises in its consumer division drove top-line growth in the quarter to end-December.
Glencore reported lower numbers for its 2023 copper, nickel and cobalt production and signalled further falls in nickel and cobalt this year.
GSK reaches a confidential settlement with David Browne, resolving the California Zantac case.
Shell reported a 2023 profit of $28bn, down 30% YoY as oil and gas prices cooled, as they increased their dividend by 4%. Their Q4 net profit reached $7.3bn, with strong LNG trading results offsetting weaker refining and oil trading results. This exceeded analysts’ expectations of a $6bn profit.
Barclays Downgrades Next to Equal-Weight from Overweight (4 Buys / 14 Holds / 1 Sell)
Berenberg Downgrades Pets at Home to Hold from Buy (6 Buys / 2 Holds / 0 Sells)
Berenberg Upgrades Marshalls Group to Buy from Hold (3 Buys / 3 Holds / 1 Sell)
Goldman Sachs Raises Rolls-Royce to ‘Conviction Buy List’ (8 Buys / 5 Holds / 1 Sell)
Goldman Sachs Removes Centrica from ‘Conviction Buy List’ (4 Buys / 6 Holds / 0 Sells)
JP Morgan Upgrades EasyJet to Overweight from Neutral (11 Buys / 5 Holds / 1 Sell)
UK
Airtel Africa
BT Group
Barr (AG)
Glencore
Shell
Rank Group PLC
3i Infrastructure PLC
Vanquis banking group
US
Ball Corp
Merck & Co
Takeda Pharmaceutical
Amazon.com
Apple Inc
Meta Platforms
UK
None
US
AbbVie
Aon
Bristol-Myers Squibb
Chevron
Exxon Mobil
EU leaders summit
Chinese Caixin Manufacturing PMI
German HCOB Manufacturing PMI
EU Harmonized Index of Consumer Prices
EU Unemployment Rate
BoE Interest Rate Decision
BoE Monetary Policy Report
BoE Minutes
US Challenger Job Cuts
BoE’s Governor Bailey speech
US Initial Jobless Claims
US ISM Manufacturing PMI
UK 100 companies going ex-dividend on 29th January 2023:
Mondi* (Special cash dividend & share consolidation 10 for 11)
UK 250 companies going ex-dividend on 2nd February 2023:
Paragon Banking Group
IG Group Holdings
SSP Group
Edinburgh Investment Trust
Schroder Oriental Income Fund
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