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Morning Report - 19 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Glencore PLC 576.6 4.3%
Ocado Group PLC 761.8 3.9%
Antofagasta PLC 1,799.5 3.3%
Burberry Group PLC 2,317.0 3.3%
Experian PLC 3,049.0 3.0%


Yesterday’s UK 100 Laggards Price (p) % Chg
Bt Group PLC 128.0 -3.2%
Haleon PLC 318.0 -2.8%
Diageo PLC 3,667.5 -2.6%
Reckitt Benckiser Group PLC 5,834.0 -2.5%
Coca-Cola Hbc AG 1,919.0 -2.3%


Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,831 -0.3% 3.2%
DOW JONES INDUS. AVG 33,297 -1.8% -4.9%
DAX INDEX 15,182 0.0% -4.0%
NIKKEI 225 26,405 -1.4% -3.9%
S&P/ASX 200 INDEX 7,435 0.6% 1.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.63 -1.07%
Brent Crude (ICE) USD/bbl. 84.30 -0.80%
Gold Spot USD/t oz. 1,909 0.3%
Copper (Comex) USd/lb. 419 -1.0%
The UK 100 called to open -40 points at 7790.  

1 Day; 3 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -40 points at 7790.  The UK 100 is set to open lower today following heavy falls in the US.  Wall Street ended the day nursing hefty losses lower as weak industrial production and retail sales figures heightened fears that the US was heading into recession.  At the close the Dow Jones was down 614 points, or 1.81%, to 33,297, the S&P fell 62 points, or 1.56%, to 3,929 and the Nasdaq slipped 138 points, or 1.24%, to 10,957.


Company News & Broker Comments:

Company News:

AJ Bell sees their assets under management as at Dec 31st grow 62% YoY to £3.4bn, up 21% QoQ. They remain positive about growth prospects for investment platform market and says they are well positioned to continue growing market share.



BHP keeps production guidance for 2023 financial year unchanged.



Boohoo says their group revenue fell 11% in the four months to the end of December, putting it on track for an annual sales decline of 12% with a core earnings margin of 3.5%.



Deliveroo said it has achieved breakeven in adjusted earnings in H2, boosting its earnings margin for the year to a better-than-expected 1% they expected continued improvement this year. Their Q4 gross transaction value of its orders for its continuing operations increased by 6% to £1.8bn as item inflation offset a 2% drop in order numbers.



Dunelm posted higher Q2 sales and said they expected their annual profit to above market expectations, as customers stocked up on discounted beddings, heaters and home furniture during the Christmas holidays. Total sales were up 18% for the 13 weeks ended Dec 31st to £478m from a year ago.



Marshalls sees their FY adjusted profit before tax in-line with current market expectations.



Premier Foods reported a rise in its Q3 sales thanks to robust demand for its cakes and grocery products as well as new product launches. Their sales rose 12% in the three months ended Dec 31st and the company also kept its FY outlook unchanged.



Broker Comments:


Goldman Sachs Upgrades Auto Trader Group to Buy from Neutral (9 Buys / 11 Holds / 0 Sells)



Goldman Sachs Upgrades WPP to Buy from Neutral (8 Buys / 9 Holds / 1 Sell)



RPT/Exane BNP Downgrades Wizz Air to Underperform from Neutral (9 Buys / 5 Holds / 2 Sells)



UBS Downgrades Fresnillo to Sell from Neutral (1 Buy / 12 Holds / 1 Sell)

Reporting Today:



Crest Nicholson



Premier Foods

Network International Holdings




Procter & Gamble


Reporting Friday:




4imprint Group

Close Brothers

Ninety One







In Focus Today:

ECB Monetary Policy Meeting Accounts


US Building Permits


US Initial Jobless Claims


Japanese National Consumer Price Index



This Morning’s Ex-Dividends:

UK 100 companies going  ex-dividend on 19th January 2023:


Compass Group

UK 250 companies going  ex-dividend on 19th January 2023:







AJ Bell




Games Workshop Group


Balanced Commercial Property Trust


Supermarket Income REIT

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