Getting latest data loading
Home / Morning Report / Morning Report – 23rd January 2023

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 23 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
3I Group PLC 1,462.0 3.3%
Frasers Group PLC 765.0 2.9%
Sse PLC 1,750.5 2.9%
Jd Sports Fashion PLC 157.0 2.8%
Airtel Africa PLC 115.4 2.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Hargreaves Lansdown PLC 864.2 -2.6%
Pearson PLC 921.8 -2.2%
Astrazeneca PLC 11,200.0 -1.9%
Melrose Industries PLC 143.2 -1.8%
Segro PLC 811.0 -1.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,771 0.3% 3.7%
DOW JONES INDUS. AVG 33,375 1.0% -2.6%
DAX INDEX 15,034 0.8% -3.7%
NIKKEI 225 26,554 0.6% -3.5%
S&P/ASX 200 INDEX 7,452 0.2% 3.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.64 1.28%
Brent Crude (ICE) USD/bbl. 87.63 1.71%
Gold Spot USD/t oz. 1,926 -0.3%
Copper (Comex) USd/lb. 425 0.5%
The UK 100 called to open +6 points at 7776.

1 Day; 3 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +6 points at 7776.   The UK 100 looks set to start the week on the front foot after a strong finish last week in the US and gains in Asia today.  On Friday, US markets closed higher with the Nasdaq up 2.7% to finish at 11,140 points. The S&P was up 1.9% at 3,973 and the Dow had risen 1% to close at 33,375.

 

Company News & Broker Comments:

Company News:

Balfour Beatty wins £1.2bn contract with UK national highways for lower Thames Crossing.

 

 

Chemring CFO Andrew Lewis steps down after six years.

 

 

Dignity agrees to takeover offer from shareholders Castelnau and Phoenix Asset Management.

 

 

National Express wins 1bn euro deal to operate German RE1 and RE11 Rhein-Ruhr-Express.

 

 

Primary Health Properties buys Axis Technical Services for an undisclosed amount.

 

 

Saga are looking to sell their insurance underwriting business, hoping to raise £90m to pay down their debt.

 

 

Broker Comments:

 

HSBC Downgrades St James’s Place to Hold from Buy (7 Buys / 7 Holds / 0 Sells)

 

 

Jefferies Downgrades Berkeley Group to Hold from Buy (7 Buys / 4 Holds / 2 Sells)

 

 

Morgan Stanley Downgrades Shell to Equal-weight from Overweight (11 Buys / 1 Hold / 0 Sells)

Reporting Today:

None

Reporting Tuesday:

 

UK

 

Associated British Food

 

US

 

3M

General Electric

Johnson & Johnson

Verizon Communications

Microsoft

 

 

In Focus Today:

Chicago Fed National Activity Index

 

EU Consumer Confidence

 

 

This 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

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.