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 |
| 3I Group PLC | 2,502.0 | 2.8% |
| Auto Trader Group PLC | 738.6 | 2.5% |
| Intercontinental Hotels Group PLC | 7,608.0 | 2.0% |
| WPP PLC | 796.2 | 2.0% |
| Informa PLC | 780.8 | 1.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Airtel Africa PLC | 114.9 | -4.6% |
| Mondi PLC | 1,426.8 | -3.1% |
| Entain PLC | 953.8 | -2.7% |
| International Consolidated Airlines Group S.A. | 149.7 | -1.8% |
| Smith (Ds) PLC | 285.6 | -1.6% |
| 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 +20 points at 7,688. The UK 100 is expected to open higher on Wednesday as the market awaits the interest rate decision and commentary from the US Federal Reserve. Stateside yesterday saw the S&P end Tuesday near the flatline. The benchmark slipped 0.06% to close at 4,924.97. The Dow Jones added 133.86 points, or 0.35% to end at 38,467.31, marking its seventh record close this year. The Nasdaq pulled back 0.76% to finish at 15,509.90.
Anglo American state they saw solid consumer demand for diamonds in the US over the holiday period as their De Beers rough diamond sales in 1st cycle of 2024 came in at $370m.
GSK beat market estimates for Q4 profit and sales, underpinned by a strong launch of its RSV vaccine Arexvy and steady demand for its shingles shot and HIV medicines. They reported a profit of 28.9p per share on sales of £8.05bn, compared with analysts’ average expectations of 28.63p profit on sales of £7.29bn. They expect their adjusted profit per share to increased between 6-9% in 2024, on sales growth of 5-7%.
ITM Power report a H1 pretax loss of £18.2m, narrowed from £56.5m YoY.
Goldman Sachs Downgrades Harbour Energy to Sell from Buy (4 Buys / 2 Holds / 0 Sells)
RPT/Jefferies Downgrades Victrex to Underperform from Hold (1 Buy / 6 Holds / 1 Sell)
RPT/Jefferies Upgrades Spirax-Sarco to Hold from Underperform (2 Buys / 6 Holds / 3 Sells)
UK
Aberforth Smaller Companies Trust
Abrdn Private Equality Opportunities Trust
GSK
US
Automatic Data Processing
Boeing
Mastercard
Novo Nordisk
Thermo Fisher Scientific
Qualcomm Inc
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
Chinese NBS Non-Manufacturing PMI
Chinese NBS Manufacturing PMI
German Retail Sales
German Unemployment Change
German 10-y Bond Auction
German Harmonized Index of Consumer Prices
German Consumer Price Index
US ADP Employment Change
Fed Monetary Policy Statement
Fed Interest Rate Decision
FOMC Press Conference
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
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.