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 |
| Antofagasta PLC | 1,682.5 | 5.4% |
| Endeavour Mining PLC | 1,446.0 | 5.0% |
| Fresnillo PLC | 503.8 | 4.8% |
| Anglo American PLC | 1,868.0 | 4.4% |
| Flutter Entertainment PLC | 16,055.0 | 3.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Haleon PLC | 314.7 | -2.1% |
| Rentokil Initial PLC | 394.0 | -2.1% |
| Lloyds Banking Group PLC | 42.2 | -2.0% |
| Smith & Nephew PLC | 1,086.0 | -2.0% |
| Convatec Group PLC | 240.2 | -1.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,529 | 0.6% | -3.1% |
| DOW JONES INDUS. AVG | 38,019 | 0.3% | 12.7% |
| DAX INDEX | 16,878 | 1.5% | 11.9% |
| NIKKEI 225 | 36,226 | -0.8% | 32.2% |
| S&P/ASX 200 INDEX | 7,519 | 0.1% | 0.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 74.92 | 0.74% |
| Brent Crude (ICE) | USD/bbl. | 79.94 | 0.49% |
| Gold Spot | USD/t oz. | 2,015 | -0.7% |
| Copper (Comex) | USd/lb. | 387 | 2.0% |
Click graph to enlarge
The UK 100 called to open -3 points at 7,524. The UK 100 looks set to open broadly unchanged this morning ahead of todays interest rate decision from the European Central Bank and growth figures from the US. On Wall Street yesterday, the benchmark S&P eked out a gain of 0.08% to 4,868.55, clinching a new all-time closing record. The Nasdaq rose 0.36% to 15,481.92, helped by the tech rally. It marked the fifth straight day of wins for both. The Dow Jones Industrial Average slipped 99.06 points, or 0.26%, to 37,806.39, hurt by declines of more than 2% in Verizon and 3M a day after each reported earnings. Netflix shares surged more than 10% after the streamer said its total subscriber count hit an all-time high of 260.8 million. Revenue topped analysts’ estimates, as did current-quarter earnings guidance. Tesla reported after hours, with the EV maker down 6.0% in after-hours trading.
Fevertree says their 2023 revenue has risen 6% YoY to £364.4m, up from £344.3m. They expect their 2023 adjusted EBITDA to be £30m, within guidance range.
Haleon sells ChapStick brand to Suave Brands for $430m, plus minority interest in Suave.
IG Group report a H1 pretax profit of £176.4m.
St James’s Place reported an increase in Assets Under Management for the year, buoyed by steady inflows from its well-heeled clients, although the growth slowed as risk appetite remained subdued. Their Funds Under Management climbed to £168.2bn by Dec 31st, compared with £158.57bn at the end of September and £148.37bn at the end of 2022.
Wizz Air Holdings reported a bigger Q3 operating loss as they grapple with capacity issues tied to engine inspections that have grounded parts of its fleet and the suspension of flights due to the Middle East conflict. They swung to a Q3 pretax loss of 118.4m euros. They have maintained their fiscal 2024 net income expectations after a positive start to Q4 ending in March.
JP Morgan Upgrades Admiral Group to Neutral from Under Weight (1 Buy / 5 Holds / 2 Sells)
UK
Britvic
IG Group Holdings
Intermediate Capital Group
Mitie Group
PPHE Hotel Group
St James’s Place
Wizz Air Holdings
US
Blackstone
Intel Corp
UK
Paragon Banking Group
WH Smith
US
American Express
German IFO – Current Assessment
German IFO – Business Climate
German IFO – Expectations
ECB Rate On Deposit Facility
ECB Main Refinancing Operations Rate
ECB Monetary Policy Statement
US Initial Jobless Claims
US Durable Goods Orders ex Transportation
US Durable Goods Orders
US Core Personal Consumption Expenditures
US Gross Domestic Product Price Index
US Nondefense Capital Goods Orders ex Aircraft
US Personal Consumption Expenditures Prices
US Gross Domestic Product Annualized
US Durable Goods Orders ex Defense
EU ECB Press Conference
US New Home Sales Change
Tokyo Consumer Price Index
Tokyo CPI ex Food, Energy
Tokyo CPI ex Fresh Food
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
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.