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 |
| WPP | 323.9 | 4.6% |
| St. James’s Place | 1,511.0 | 4.3% |
| Spirax Group | 7,335.9 | 3.3% |
| Hikma Pharmaceuticals | 1,568.0 | 3.2% |
| Convatec Group | 236.6 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Antofagasta | 1,605.5 | -3.8% |
| Anglo American | 2,056.5 | -3.3% |
| Pershing Square Holdings | 3,925.0 | -2.8% |
| Rio Tinto | 4,879.0 | -2.8% |
| Centrica | 139.8 | -2.7% |
| Major World Indices | Price | % Chg | 1 Year |
| FTSE 100 INDEX | 10,150 | 0.1% | 18.8% |
| DOW JONES INDUS. AVG | 49,384 | 0.6% | 11.8% |
| DAX INDEX | 24,856 | 1.2% | 17.0% |
| NIKKEI 225 | 53,689 | 1.7% | 34.4% |
| S&P/ASX 200 INDEX | 8,850 | 0.0% | 5.6% |
| Commodity | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 59.67 | 0.44% |
| Brent Crude (ICE) | USD/bbl. | 64.06 | 1.81% |
| Gold Spot | USD/t oz. | 4,944 | 0.2% |
| Copper (Comex) | USd/lb. | 581 | 0.5% |
Click graph to enlarge
The UK 100 is called to open -5 at 10,145. The UK 100 looks set to open broadly unchanged this morning,
Retail sales data released today showed volumes rose by a better-than-expected 0.4% in December, following falls of 0.1% in November and 0.8% in October. The Office for National Statistics (ONS) recorded a decline of 0.3% across the fourth quarter but said sales in 2025 saw a second consecutive annual rise after the large falls of 2022 and 2023, Online retail volumes rose in December, following falls in October and November, with jewellers reporting strong demand for precious metals.
Wall Street extended its rebound for a second consecutive session, with investors leaning back into risk after President Trump’s Greenland tariff U-turn continued to calm markets. The Dow rose 0.63%, the S&P 500 gained 0.55%, and the Nasdaq outperformed, up 0.91%, supported by renewed strength across mega-cap tech and AI-linked names.
The rally was underpinned by a combination of easing geopolitical tension and solid macro signals. Consumer spending remained firm, jobless claims stayed contained, and Q3 GDP was revised higher, reinforcing the view that the U.S. economy continues to show resilience despite policy uncertainty.
The price of gold is close to $5000 an ounce after the precious metal posted one of its strongest weeks since the start of the pandemic. Today’s level of $4953, which follows a 0.4% rise in Asia trading hours, compares with $4576 at the end of last week.
Babcock International today said chief executive David Lockwood is to stand down by the end of this year. He has overseen the strategic and financial transformation of the UK 100-listed company since taking on the role in September 2020. Lockwood will be replaced by Harry Holt, who leads Babcock’s nuclear sector.
UK
Record (REC) — Trading Statement
US
SLB Ltd (NYSE:SLB) PMO
UK
Ryanair Holdings (RYAAY) – Q3 Results
Costain Group (COST) – Trading Statement
US
None
UK GfK Consumer Confidence
UK Retail Sales
German HCOB PMI
EU HCOB PMI
BoE’s Greene speech
UK S&P Global PMI
ECB’s President Lagarde speech
US S&P Global PMI
US Michigan Consumer Sentiment Index
UoM 1-year Consumer Inflation Expectations
UoM 5-year Consumer Inflation Expectations
UK 100 companies going ex-dividend on 29th January 2026:
None
UK 250 companies going ex-dividend on 29th January 2026:
Pennon Group
Victrex
SSP Group
Hollywood Bowl Group
Supermarket Income REIT
Primary Health Properties
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.