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Morning Report - 17 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Rightmove PLC 654.0 4.3%
Spirax Group PLC 6,925.0 4.2%
Experian PLC 3,647.0 3.7%
Games Workshop Group PLC 13,170.0 2.9%
Hiscox LTD 1,077.0 2.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
Jd Sports Fashion PLC 87.4 -5.9%
Taylor Wimpey PLC 111.1 -2.9%
Whitbread PLC 2901.0 -2.4%
Easyjet PLC 497.5 -1.7%
Pershing Square Holdings LTD 4202.0 -1.5%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,392 1.1% 12.7%
DOW JONES INDUS. AVG 43,153 -0.2% 15.8%
DAX INDEX 20,655 0.4% 25.7%
NIKKEI 225 38,451 -0.3% 8.4%
S&P/ASX 200 INDEX 8,310 -0.2% 12.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.09 0.52%
Brent Crude (ICE) USD/bbl. 81.52 0.28%
Gold Spot USD/t oz. 2,713 -0.1%
Copper (Comex) USd/lb. 446 0.4%

 

The UK 100 called to open +72 points at 8,464

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +72 points at 8,464.  The UK 100 looks set to open higher once again this morning,

Asian markets were mixed on Friday after indexes in the US. on Thursday drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies. Japan’s Nikkei index lost 0.56% to 38,36, marking their lowest levels in at least a month.  The Shanghai Composite gained 0.40% to 3,249, as mainland stocks struggled to find clear direction as investors reacted to the latest economic data.  Hong Kong’s Hang Seng index advanced 0.17% to 19,556, up for the fourth day as traders reacted to fresh data from the mainland.

China reported its economy grew 5% in 2024, meeting its target of around 5%.  Analysts polled by Reuters had expected China’s full-year GDP growth to come in at 4.9%, just shy of the official target of around 5% — which analysts had said was ambitious.  China’s economy grew 5.4% in the fourth quarter from a year ago — better than the 5% analysts had expected.

The S&P slipped Thursday, ending a three-day winning streak, as big tech shares pulled back.  The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq dropped 0.89% to 19,338.29. The Dow Jones fell 68.42 points, or 0.16%, to 43,153.13. Apple shares were down 4%, posting their worst day since Aug. 5. Tesla tumbled more than 3%. Nvidia slid nearly 2%, and Alphabet lost around 1%.

 

Company News & Broker Comments:

Company News:

AstraZeneca this morning said Calquence plus chemoimmunotherapy had been approved in the US for patients with previously untreated mantle cell lymphoma.

 

Evoke this morning delivered a reading update to the market, they said they have seen a strong performance in Q4 with Group revenue growth of approximately 12-13% year-over-year (c.13-14% in constant currency). This performance was driven by online growth of approximately 16-17% (c.18-19% in constant currency) with a continued improvement in the growth rate across Core Markets, all underpinned by the successful implementation of the Group’s strategy, and supported by operator friendly sports results during Q4.  As a result, revenue growth in H2 is expected to be approximately 8%, towards the higher end of the previously communicated 5-9% guidance.  Strong cost control and an increasingly efficient operating model mean that adjusted EBITDA is expected to be at the high end of the previously communicated guidance range of £300-310m for the full year, and well ahead of market expectations.

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Ninety One

Petershill Partners

Safestore Holdings

 

 

US

 

SLB

Reporting Tomorrow:

UK

 

None

 

US

 

None

In Focus Today:

Chinese Gross Domestic Product

Chinese Industrial Production

Chinese Retail Sales

UK Retail Sales

EU Core Harmonized Index of Consumer Prices

US Industrial Production

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 23rd January 2025:

 

Games Workshop Group

UK 250 companies going ex-dividend on 23rd January 2025:

 

Foresight Solar Fund

Victrex

City of London Investment Trust

NB Private Equity Partners

Bankers Investment Trust

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.


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