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 |
| Rolls-Royce Holdings PLC | 111.4 | 3.0% |
| Scottish Mortgage Investment Trust PLC | 765.2 | 2.5% |
| International Consolidated Airlines Group S.A. | 166.3 | 2.4% |
| Entain PLC | 1,559.5 | 2.2% |
| Wpp PLC | 937.6 | 2.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Astrazeneca PLC | 10,710.0 | -3.0% |
| Tesco PLC | 243.9 | -2.4% |
| Glencore PLC | 565.6 | -2.2% |
| Associated British Foods PLC | 1,832.0 | -2.0% |
| GSK PLC | 1,387.0 | -1.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,757 | -0.4% | 5.2% |
| DOW JONES INDUS. AVG | 33,734 | 0.3% | -1.6% |
| DAX INDEX | 15,093 | -0.1% | 0.6% |
| NIKKEI 225 | 27,395 | 0.4% | 1.0% |
| S&P/ASX 200 INDEX | 7,468 | -0.3% | 7.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 80.26 | 0.16% |
| Brent Crude (ICE) | USD/bbl. | 86.42 | 0.34% |
| Gold Spot | USD/t oz. | 1,928 | -0.5% |
| Copper (Comex) | USd/lb. | 427 | 0.4% |
Click graph to enlarge
The UK 100 called to open +13 points at 7770. The UK 100 looks set to open higher on Tuesday as investors awaiting the latest UK producer price inflation figures. It was a mixed session on Wall Street yesterday, the Dow led the way at the close with a gain of 0.3% to finish at 33,734 points, but it was the only winner out of the three main indices, the S&P finished flat at 4,012 and the Nasdaq dropped 0.3% to close at 11,334 points. Results from after the bell from Microsoft were mixed with earnings beating Street forecasts but revenues coming in below. Shares rose in after hours trading though.
Aviva updates that their general insurance arm in the UK, Ireland and Canada trades positively at the end of 2022. Their dividend guidance and outlook for capital returns are unchanged. They estimate a £50m hit from UK freeze event in December.
EasyJet state they expect to beat current market expectations for 2023 based on the strength of bookings into the summer. They reported a Q1 FY23 pretax loss of £133m, down from £213m YoY. They’ve flown 17.5m passengers in Q1 FY23, up from 11.9m YoY.
Fresnillo FY22 silver produced 53.7m ounces, +1.2% YoY. Their FY22 gold production fell 15% YoY to 635,926 ounces. For 2023 they expect attributable silver production of 57-64m ounces and gold attributable production of 590,000-640,000 ounces.
JD Wetherspoon update that their 12 weeks to date L-f-L sales are 18% higher YoY as their net debt amounts to £745m. They are cautiously optimistic about their prospects for the financial year.
Quilter reports that their Q4 assets under management and administration increased 3% to £99.6bn QoQ. They note a modest pick-up in equity markets and slightly lower bond yields in Q4.
Berneberg Downgrades Direct Line to Hold from Buy (4 Buys / 8 Holds / 0 Sells)
Credit Suisse Downgrades Experian to Neutral from Outperform (6 Buys / 3 Holds / 0 Sells)
HSBC Downgrades Dr Martens to Hold from Buy (3 Buys / 2 Holds / 0 Sells)
RPT/Societe Generale Downgrades Hammerson to Sell from Hold (3 Buys / 7 Holds / 2 Sells)
UK
Quilter
US
AT&T
Boeing
Tesla
UK
Diageo
Dr. Martens
Wizz Air Holding
US
Mastercard
Intel
Visa
UK PPI Core Output
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
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.
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.