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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Fresnillo PLC | 548.0 | 9.9% |
| Rs Group PLC | 788.6 | 2.8% |
| Entain PLC | 985.8 | 1.9% |
| Pershing Square Holdings LTD | 3,734.0 | 1.5% |
| WPP PLC | 780.0 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Mondi PLC | 1,469.8 | -10.5% |
| Airtel Africa PLC | 120.3 | -4.1% |
| St. James’s Place PLC | 646.0 | -3.7% |
| Intermediate Capital Group PLC | 1,753.0 | -3.4% |
| Schroders PLC | 410.5 | -3.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,636 | 0.0% | -1.6% |
| DOW JONES INDUS. AVG | 38,092 | -0.1% | 12.3% |
| DAX INDEX | 16,927 | -0.2% | 11.4% |
| NIKKEI 225 | 36,027 | 0.8% | 31.3% |
| S&P/ASX 200 INDEX | 7,578 | 0.3% | 1.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 77.03 | -1.26% |
| Brent Crude (ICE) | USD/bbl. | 82.58 | -1.16% |
| Gold Spot | USD/t oz. | 2,024 | 0.3% |
| Copper (Comex) | USd/lb. | 387 | 0.5% |
Click graph to enlarge
The UK 100 called to open +22 points at 7,655. The UK 100 is expected to open higher after strong gains in US markets and as figures show shop price inflation cooled further in January. Figures from the British retail Consortium showed shop price inflation in the UK fell in January to its lowest rate since May 2022 as retailers offered heavy discounts to entice customers. Stateside yesterday saw the S&P rise and close at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25. The Dow Jones added 224.02 points, or 0.59% to close at 38,333.45, while the Nasdaq gained 1.12% and settled at 15,628.04.
Diageo missed H1 sales estimates as a sharp decline in Latin America weighed on group results. They reported a 0.6% fall in organic net sales, slightly missing analyst estimates for flat organic sales. They report a 2023 pretax profit of $3.08bn, down from $3.61bn YoY.
Pets at Home state that their retail business performance in Q3 was not at the levels expected. They now expect their FY24 underlying pretax profit to be around £132m.
SSP group are expecting their FY24 underlying EBITDA to be within the range of £345-375m.
WPP reports that their revenue less pass-through costs grew 0.9% last year and it expects at best a similar result in 2024, with a small increase in its operating profit margin of 20 to 40 basis points.
Berenberg Downgrades Future to Hold from Buy (7 Buys / 1 Hold / 1 Sell)
Morgan Stanley Downgrades IAG to Underweight from Equal-Weight (8 Buys / 4 Holds / 0 Sells)
Peel Hunt Downgrades Antofagasta to Reduce from Hold (4 Buys / 8 Holds / 2 Sells)
UK
Diageo
Pets at Home Group
SSP Group
SThree
Synthomer PLC
US
General Motors
Pfizer
Starbucks Corp
Advanced Micro Devices
Alphabet Inc C
Alphabet Inc A
Microsoft Corp
Mondelez
Snap Inc A
UK
Computacenter
Fresnillo
Hochschild Mining
Quilter
TI Fluid Systems
Wetherspoon (JD)
Paypoint Group
easyJet
US
AT&T
International Business Machines
ServiceNow Inc
Tesla
BoJ Outlook Report
BoJ Monetary Policy Statement
BoJ Interest Rate Decision
BoJ Press Conference
ECB Bank Lending Survey
EU Consumer Confidence
Japanese Imports
Japanese Merchandise Trade Balance Total
Japanese Exports
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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