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Morning Report - 7 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
JD Sports Fashion PLC 97.9 4.0%
Intermediate Capital Group PLC 2,132.0 3.8%
Antofagasta PLC 1,642.5 3.2%
Lloyds Banking Group PLC 55.8 2.6%
Entain PLC 692.8 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
WPP PLC 790.4 -2.9%
Rolls-Royce Holdings PLC 570.0 -2.6%
Unilever PLC 4448.0 -2.5%
Marks And Spencer Group PLC 382.8 -2.0%
Rightmove PLC 640.0 -1.2%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,250 0.3% 7.3%
DOW JONES INDUS. AVG 42,707 -0.1% 14.0%
DAX INDEX 20,216 1.6% 21.8%
NIKKEI 225 40,083 2.0% 20.1%
S&P/ASX 200 INDEX 8,285 0.3% 10.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.36 -0.27%
Brent Crude (ICE) USD/bbl. 76.16 -0.18%
Gold Spot USD/t oz. 2,640 0.1%
Copper (Comex) USd/lb. 418 0.5%
The UK 100 called to open -37 Points at 8,213

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -37 Points at 8,213.  The UK 100 looks set to open lower this morning having made ground yesterday as the pound continues to strengthen.

Data out this morning showed house prices fell 0.2% in December, according to the latest report by lender Halifax.  The decline, which followed five consecutive monthly increases, left the average price 3.3% higher for the year at £297,166.

Markets in Asia were broadly higher this morning,  the anomaly being the Hang Seng falling by 1.7%

Yesterday on Wall Street the S&P advanced 0.55% to end at 5,975.38, and the Nasdaq added 1.24% to 19,864.98. The Dow Jones lagged, losing 25.57 points, or 0.06%, and closing at 42,706.56. Earlier in the session, the 30-stock average rose as much as 383 points.

 

 

Company News & Broker Comments:

Company News:

Next has given another boost to profit guidance after sales figures beat forecasts in the nine weeks to 28 December.  Underlying full price sales rose 5.7% on a year earlier, which compares to its previous guidance for the period of 3.5%.  This adds £27 million to full price sales, lifting full year guidance for pre-tax profit in the year to the end of January by £5 million to £1.01 billion. Initial guidance for the January 2026 year points to full price sales growth of 3.5% and pre-tax profits of almost £1.05 billion.

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Next

 

 

US

 

None

Reporting Tomorrow:

UK

 

Shell

 

US

 

None

In Focus Today:

UK BRC Like-For-Like Retail Sales

EU Core Harmonized Index of Consumer Prices

EU Unemployment Rate

US ISM Services PMI

US JOLTS Job Openings

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 9th January 2025:

 

Experian

Sage Group

Ashtead Group

Games Workshop Group

UK 250 companies going ex-dividend on 9th January 2025:

 

QinetiQ Group

XPS Pensions Group

Workspace Group

Greencore Group

AJ Bell

Primary Health Properties

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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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