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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Beazley | 1,152.0 | 3.2% |
| Glencore | 501.0 | 2.2% |
| Endeavour Mining | 4,366.0 | 2.2% |
| BAE Systems | 2,027.0 | 2.1% |
| Fresnillo | 4,168.0 | 2.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group | 1,195.5 | -6.2% |
| Admiral Group | 2,650.0 | -5.8% |
| Aviva | 619.4 | -5.2% |
| easyJet | 481.9 | -3.0% |
| International Consolidated Airlines Group | 418.3 | -2.8% |
| Major World Indices | Price | % Chg | 1 Year, not sorted |
| UK 100 INDEX | 10,143 | 0.1% | 19.3% |
| DOW JONES INDUS. AVG | 49,099 | 0.6% | 10.5% |
| DAX INDEX | 24,901 | 0.2% | 16.4% |
| NIKKEI 225 | 52,885 | 1.8% | 32.4% |
| S&P/ASX 200 INDEX | 8,860 | 0.1% | 5.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 61.32 | 0.41% |
| Brent Crude (ICE) | USD/bbl. | 66.14 | 0.39% |
| Gold Spot | USD/t oz. | 5,089 | 2.0% |
| Copper (Comex) | USd/lb. | 593 | 0.3% |
Click graph to enlarge
The UK 100 is called to open +12 at 10,155. The UK 100 looks set to open modestly higher this morning, this follows a small decline for the UK’s blue-chip index on Friday.
US equities ended the week on an uncertain note, with investors increasingly hesitant to add risk ahead of major macro and earnings catalysts. While headline indices managed modest gains on Friday, underlying positioning remained defensive. Markets are bracing for the Federal Reserve’s policy decision mid-week, with rates widely expected to remain on hold but scrutiny intense around guidance, balance-sheet language and any signal on future easing. At the same time, earnings risk is rising sharply. Several of the Magnificent Seven report this week, including Microsoft, Meta, Tesla and Apple, placing the AI trade and broader growth narrative firmly back in focus. Given their heavy index weightings, results and forward guidance from these names will be critical in determining whether US equities can regain upside momentum.
Asian markets were mixed to weaker, led lower by Japan as the strengthening yen reignited fears of official intervention. Japanese equities fell as USD/JPY slid sharply toward the mid-154s, following confirmation that the New York Fed conducted rate checks late last week — a move widely interpreted as a precursor to possible coordinated action. Tokyo officials reiterated close coordination with Washington, amplifying market sensitivity. The stronger yen weighed on exporters, dragging the Nikkei lower. Elsewhere, moves were more contained. South Korean and Hong Kong equities softened, while Chinese markets were broadly steady. Australian and Indian markets were closed for public holidays.
S4 Capital reported that its 2025 full-year trading performance exceeded the downgraded guidance issued in November and came in ahead of current market consensus on both net revenue and operational EBITDA, despite like-for-like net revenue declining by about 8.5% and margins settling around 12%. The group also sharply improved its balance sheet, with net debt projected to come in significantly below expectations and leverage reduced to around 1.1 times operational EBITDA, well under its 1.5 times target, and signalled confidence in its trajectory by proposing a final dividend of 1p, while flagging that further work is needed to restore revenue and margin growth in 2026 and beyond as clients navigate an uncertain macro backdrop and the adoption of emerging technologies.
UK
Ryanair Holdings (RYAAY) – Q3 Results
Costain Group (COST) – Trading Statement
US
None
UK
Sage (SGE) – Trading Statement
Cranswick (CWK) – Trading Statement
Dr Martens (DOCS) – Trading Statement
Evoke (EVOK) – Trading Statement
Paragon Banking Group (PAG) – Trading Statement
Mitie Group (MTO) – Trading Statement
Sthree (STEM) – Full Year Results
Velocity Composites (VEL) – Full Year Results
US
Boeing Co (NYSE:BA) PMO
General Motors Co (NYSE:GM) PMO
UnitedHealth Group Inc (NYSE:UNH) PMO
Tesla Inc (NASDAQ:TSLA) AMC*
German IFO
ECB’s Nagel speech
US Durable Goods Orders
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
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