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Morning Report - 20 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Entain PLC 1,482.0 2.5%
Severn Trent PLC 2,802.0 2.2%
Beazley PLC 646.0 1.8%
United Utilities Group PLC 1,040.5 1.5%
Hiscox LTD 1,121.0 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ocado Group PLC 707.8 -7.1%
Persimmon PLC 1,379.0 -5.6%
Hargreaves Lansdown PLC 887.4 -4.6%
Antofagasta PLC 1,723.0 -4.3%
Berkeley Group Holdings (The) PLC 4,189.0 -4.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,747 -1.1% 2.1%
DOW JONES INDUS. AVG 33,045 -0.8% -4.8%
DAX INDEX 14,920 -1.7% -6.2%
NIKKEI 225 26,554 0.6% -4.4%
S&P/ASX 200 INDEX 7,452 0.2% 1.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 80.67 0.42%
Brent Crude (ICE) USD/bbl. 86.58 0.49%
Gold Spot USD/t oz. 1,930 -0.1%
Copper (Comex) USd/lb. 426 0.7%
The UK 100 called to open +50 points at 7798.  

1 Day; 3 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +50 points at 7798.  The UK 100 is expected to open higher on Friday recovering some of yesterday’s heavy losses, this comes despite further falls in the US overnight as strong subscriber figures from Netflix after the bell lifted the mood.  Data this morning, showed UK retail sales volumes unexpectedly fell in December by 1% exceeding analysts expectations for an increase of 0.5% adding to signs that the cost of living crisis has squeezed consumer spending power.  US markets suffered further falls as disappointing housing market data added to the worries that the US economy has tipped into recession.  At the close the Dow Jones was down 252 points, or 0.76%, to 33,045, the S&P was 22 points lower, or 0.57%, to 3,906 and the Nasdaq fell 105 points, or 0.96%, to 10,852.

 

Company News & Broker Comments:

Company News:

Close Brothers says their loan book increased 1.5% in 5 months to Dec 31st to £9.23bn from £9.1bn on July 31st.

 

 

De La Rue suspend banknote printing operations in Kenya on reduced demand.

 

 

Spirent Communications says their 2022 results were in line with expectations.

 

 

SSE increases expectations for FY23 adjusted EPS to more than 150p from 120p previously.

 

 

Broker Comments:

 

Deutsche Bank Downgrades Virgin Money to Hold from Buy (12 Buys / 7 Holds / 1 Sell)

 

 

Oddo BHF Downgrades Wizz Air to Neutral from Outperform (9 Buys / 5 Holds / 2 Sells)

 

 

Peel Hunt Downgrades Harbour Energy to Hold (5 Buys / 2 Holds / 0 Sells)

 

 

RPT/Jefferies Downgrades Hargreaves Lansdown to Underperform from Hold (6 Buys / 10 Holds / 2 Sells)

Reporting Today:

UK

 

4imprint Group

Close Brothers

Ninety One

 

US

 

SLB

Reporting Monday:

 

None

 

 

In Focus Today:

UK GfK Consumer Confidence

 

Chinese PBoC Interest Rate Decision

 

UK Retail Sales

 

German Producer Price Index

 

EU Consumer Confidence

 

 

Next Week’s Ex-Dividends:

UK 100 companies going  ex-dividend on 26th January 2023:

 

None

UK 250 companies going  ex-dividend on 26th January 2023:

 

Foresight Solar Fund

 

Pennon Group

 

City of London Investment Trust

 

Schroder Oriental Income Fund

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