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Morning Report - 9 January 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Coca-Cola HBC AG 3,918.0 5.6%
Smurfit Westrock 3,126.0 5.4%
IMI 1,720.0 5.1%
BAE Systems 2,023.0 5.0%
Marks & Spencer Group 344.8 5.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Associated British Foods 1,850.0 -14.0%
Tesco 422.1 -6.7%
Shell 2,562.0 -3.5%
Croda International 2,655.0 -2.6%
Glencore 413.0 -2.3%
Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 10,045 0.0% 20.7%
DOW JONES INDUS. AVG 49,266 0.6% 15.6%
DAX INDEX 25,127 0.0% 23.7%
NIKKEI 225 51,940 1.6% 31.1%
S&P/ASX 200 INDEX 8,718 0.0% 4.7%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.48 1.25%
Brent Crude (ICE) USD/bbl. 62.78 1.27%
Gold Spot USD/t oz. 4,471 0.1%
Copper (Comex) USd/lb. 585 0.8%

 

The UK 100 is called to open +17 points at 10,061

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +17 points at 10,061.
The UK 100 looks set to open higher on Friday, ahead of US jobs data in the afternoon and a potential tariff ruling from the Supreme Court.  This follows a strong end to the trading session yesterday which saw the index all but erase a fall from earlier in the session.

Stateside yesterday saw The Dow Jones rise, while the Nasdaq came under pressure as investors moved away from technology stocks.  The 30-stock Dow climbed 270.03 points, or 0.55%, and ended at 49,266.11. The tech-heavy Nasdaq dropped 0.44% and settled at 23,480.02. The S&P advanced 0.01% and closed at 6,921.46. Among the 11 S&P 500 sectors, information technology was the laggard, falling more than 1%.

Leading Asia benchmarks are trading higher as attention turns to this month’s release of monthly US unemployment statistics.  The price of Brent Crude is 1% higher at $62.60 a barrel, while gold is slightly weaker at $4474 an ounce.

Company News & Broker Comments:

 

Company News:

Sainsbury’s said it had won grocery market share for the sixth consecutive Christmas period after today reporting overall sales growth of 3.3% for the six weeks to 3 January.  Grocery sales rose 5.1%, whereas general merchandise and clothing fell 1% and Argos declined by 2.2%. Across the 16 weeks of the third quarter, total sales rose 3.9%.  Despite the weaker general merchandise market conditions, the group continues to expect it will achieve a retail underlying operating profit of more than £1 billion.

 

Glencore and Rio Tinto shares will be in focus this morning after the FTSE 100-listed pair confirmed they are in early talks over a possible all-share merger.  Rio has until 5 February to either announce a firm intention to make an offer for Glencore or walk away.  Glencore has a market valuation of £48.8 billion, which compares with Rio at £100.6 billion.  The companies last night issued statements confirming the bid speculation, which was first reported by the Financial Times.  Rio said it was in preliminary discussions with Glencore about a possible combination of some or all of their businesses, which could include an all-share merger.  “The parties’ current expectation is that any merger transaction would be effected through the acquisition of Glencore by Rio Tinto by way of a Court-sanctioned scheme of arrangement.”

Reporting Today:

 

UK

 

Unite Group (UTG) – Trading Announcement

Sainsbury (J) (SBRY) – Trading Announcement

US

 

None

Reporting Tomorrow:

 

UK

 

None

US

 

None

In Focus Today:

 

Chinese Consumer Price Index

Chinese Producer Price Index

German Industrial Production

German Trade Balance

EU Retail Sales

ECB’s Lane speech

US Average Hourly Earnings

US Building Permits

US Housing Starts

US Nonfarm Payrolls

US Unemployment Rate

Michigan Consumer Sentiment Index

UoM 1-year Consumer Inflation Expectations

UoM 5-year Consumer Inflation Expectations

Fed’s Barkin speech

Next Week’s Ex-Dividends:

 

 

UK 100 companies going ex-dividend on 15th January 2026:

Diploma

Compass

 

UK 100 companies going ex-dividend on 16th January 2026:

 

Next

 

 

UK 250 companies going ex-dividend on 15th January 2026:

Grainger

Foresight Group Holdings

Future

AJ Bell

 

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