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Morning Report - 14 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Entain PLC 661.8 6.0%
Intermediate Capital Group PLC 2,060.0 1.7%
Associated British Foods PLC 1,963.0 1.6%
Shell PLC 2,667.0 1.6%
Centrica PLC 135.9 1.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
International Consolidated Airlines Group S.A. 302.8 -4.2%
Fresnillo PLC 642.5 -3.8%
Rightmove PLC 624.8 -3.2%
Diageo PLC 2373.5 -3.0%
Persimmon PLC 1048.0 -2.7%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,224 -0.3% 7.9%
DOW JONES INDUS. AVG 42,078 0.3% 12.0%
DAX INDEX 20,133 -0.4% 20.5%
NIKKEI 225 39,190 -1.1% 10.2%
S&P/ASX 200 INDEX 8,192 -1.2% 9.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.96 3.12%
Brent Crude (ICE) USD/bbl. 81.27 1.89%
Gold Spot USD/t oz. 2,661 -1.1%
Copper (Comex) USd/lb. 433 0.5%
The UK 100 called to open +7 points at 8,231

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +7 points at 8,231.  The UK 100 looks set to open slightly higher this morning.

Stateside yesterday saw the Dow Jones climb Monday, outperforming the market, while the Nasdaq slipped as traders continued to sell off major tech stocks that have powered the bull market.  The 30-stock Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into non-tech shares like Caterpillar, JPMorganand UnitedHealth. Meanwhile, the tech-heavy Nasdaq dropped 0.38% to 19,088.10. The S&P inched up 0.16%, ending at 5,836.22. All three benchmarks are down for the last two weeks, with tech shares causing most of the damage.

 

Company News & Broker Comments:

Company News:

JD Sports Fashion today trimmed annual profit guidance after reporting a 1.5% decline in like-for-like sales for November and December.

 

Ocado Retail delivered a strong finish to its financial year, with sales growth accelerating in the fourth quarter as weekly orders reached a milestone of 500,000 for the first time.  The company, which is the grocery joint venture between Ocado Group and M&S, reported retail revenues of £715.8m for the 13 weeks to 1 December, up 17.5% year-on-year and a pick-up from the 15.5% growth seen in the third quarter.

 

Persimmon has forecast 2024 profits at the upper end of market expectations after delivering a 7% increase in its number of completions during 2024.  The group delivered a total of 10,664 homes, up 7% year-on-year and stronger than City forecasts.  JD Sports Fashion today trimmed annual profit guidance after reporting a 1.5% decline in like-for-like sales for November and December.  The company now expects profit of between £915 million and £935 million in the current financial year.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Games Workshop Group

Hunting*

Ocado

Persimmon

 

 

US

 

None

Reporting Tomorrow:

UK

 

Currys*

Experian*

Vistry Group

JD Sports Fashion

 

US

 

BlackRock

Citigroup Inc

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo & Co

In Focus Today:

BoE’s Breeden speech

US Producer Price Index

Fed’s Schmid speech

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 16th January 2025:

 

Compass Group

Diploma

UK 250 companies going ex-dividend on 16th January 2025:

 

WH Smith

Grainger

Foresight Group Holdings

Future

B&M European Value Retail S.A.

TwentyFour Income Fund

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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.


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