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Morning Report - 29 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Experian PLC 3,966.0 3.7%
Scottish Mortgage Investment Trust PLC 1,042.0 3.7%
Spirax Group PLC 7,960.0 3.7%
Halma PLC 2,944.0 3.7%
Barratt Redrow PLC 452.2 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
Beazley PLC 812.0 -2.5%
Antofagasta PLC 1659.0 -2.2%
Fresnillo PLC 657.0 -2.2%
Smiths Group PLC 1845.0 -2.0%
Glencore PLC 346.0 -1.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,533 0.4% 11.8%
DOW JONES INDUS. AVG 44,850 0.3% 17.0%
DAX INDEX 21,431 0.7% 26.5%
NIKKEI 225 39,415 1.0% 9.4%
S&P/ASX 200 INDEX 8,447 0.6% 11.5%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.82 0.07%
Brent Crude (ICE) USD/bbl. 77.45 -0.05%
Gold Spot USD/t oz. 2,758 -0.2%
Copper (Comex) USd/lb. 422 -0.7%
The UK 100 called to open +4 points at 8537

1 Day; 11 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +4 points at 8537.  The UK 100 looks set to open slightly higher again this morning, adding to gains from yesterday.

Stateside yesterday saw stocks climb, recovering some ground from a sell-off sparked by the emergence of Chinese A.I startup DeepSeek that sent tech shares reeling.  The S&P advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Nasdaq surged 2.03% to 19,733.59, following a 3.1% decline a day ago.  The Dow Jones added 136.77 points, or 0.31%, to 44,850.35.

In Asia this morning, the Nikkei 225 index recovered from Tuesday’s losses, gaining 0.7% to 39,273.49.  Australia’s S&P/ASX 200 rose 0.7% to 8,455.70 after data from the Australian Bureau of Statistics showed the Consumer Price Index increased by 0.2% in the December 2024 quarter, marking the smallest rise since the June 2020 quarter, when inflation declined during the COVID-19 outbreak.  India’s Sensex was up 0.5%, while the SET in Bangkok shed 0.2%. Most markets were closed for holidays. Investors were focusing on the Federal Reserve’s rate decision due later in the day. U.S. futures were flat and oil prices fell.

 

Company News & Broker Comments:

Company News:

AJ Bell PLC reported a robust performance in its Q1 trading update, with the platform reaching a record 561,000 customers and £89.5 billion in assets under administration. The company experienced significant inflows, particularly in its D2C segment, driven by increased brand awareness and competitive pricing. The investments segment saw its assets under management surpass £7 billion.

 

WH Smith PLC has reported a promising start to its financial year, with strong growth across its travel divisions, particularly in North America where like-for-like revenue increased by 3%. The company has announced new store openings at major airports and continues to see revenue growth, despite some economic uncertainties, positioning it well for further expansion in 2025.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

AJ Bell (AJB)

PayPoint (PAY)*

WH Smith (SMWH)

 

US

 

Automatic Data Processing (ADP) PMO

International Business Machines (IBM) AMC

Meta Platforms (META) AMC

Microsoft Corp (MSFT) AMC

ServiceNow (NOW) AMC

Tesla (TSLA) AMC

Reporting Tomorrow:

UK

 

Airtel Africa (AAF)*

BT Group (BT.A)

Glencore (GLEN)

Greencore Group (GNC)

Sage Group (SGE)

Shell (SHEL)

St James Place (STJ)

Wizz Air Holdings (WIZZ)

 

US

 

Blackstone (BX) PMO

Caterpillar Inc (CAT) PMO

Mastercard (MA) PMO

Takeda Pharmaceutical (TAK) PMO

Thermo Fisher Scientific (TMO) PMO

Apple Inc (AAPL) AMC

Intel Corp (INTC) AMC

Visa (V) AMC

In Focus Today:

German GfK Consumer Confidence Survey

Fed Interest Rate Decision

Fed Monetary Policy Statement

FOMC Press Conference

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 30th January 2025:

 

None

UK 250 companies going ex-dividend on 30th January 2025:

 

Pennon Group

SSP Group

Hollywood Bowl Group

Supermarket Income REIT

Sequoia Economic Infrastructure Inc Fnd

Edinburgh Investment Trust

Schroder Oriental Income Fund

IG Group Holdings

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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.


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