Getting latest data loading
Home / Morning Report / Morning Report

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

Morning Report - 24 January 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
BRITISH AMERICAN TOBACCO PLC 3,138.0 0.8%
BURBERRY GROUP PLC 1,925.5 0.8%
GLAXOSMITHKLINE PLC 1,647.2 0.7%
UNILEVER PLC 3,675.0 0.5%
TESCO PLC 288.8 0.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
ENTAIN PLC 1635.0 -5.2%
EVRAZ PLC 540.6 -4.2%
SCOTTISH MORTGAGE INV TR PLC 1109.5 -3.9%
PERSHING SQUARE HOLDINGS LTD 2770.0 -3.7%
FRESNILLO PLC 830.4 -3.6%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,494 -1.2% 11.9%
DOW JONES INDUS. AVG 34,265 -1.3% 10.5%
DAX INDEX 15,604 -1.9% 12.5%
NIKKEI 225 27,588 0.2% -3.6%
S&P/ASX 200 INDEX 7,140 -0.5% 5.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 85.56 0.49%
Brent Crude (ICE) USD/bbl. 88.38 0.56%
Gold Spot USD/t oz. 1,838 0.2%
Copper (Comex) USd/lb. 447 -1.1%
The UK 100 is called to open -26 points today at 7468.  

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -26 points today at 7468.  The UK’s Blue-chip index is expected to open in the red today amid worries about conflict in Ukraine and ahead of the Fed’s monthly meeting which kicks off tomorrow, the exception from some analysts is to see the unwinding of monetary support that kept markets airborne to accelerate.  This follows a tough week on Wall Street, The S&P 500 lost 5.7% on the week, The blue-chip Dow fell 4.6% for its worst week since October 2020.  The sell-off in the tech-heavy Nasdaq Composite was even more severe with the benchmark dropping 7.6% last week, notching its fourth straight weekly loss.

 

 

Company News & Broker Comments:

 

Company News:

Computacenter reports that they finished Q4 ahead of internal expectations as their 2021 adjusted pretax profit is expected to be slightly more than £250m.

 

 

De La Rue says their profit miss is due to higher commodity and energy prices, supply chain issues. Their FY22 adjusted operating profit has been downgraded to £36-40m (from £45-57m previously).

 

 

GKP says their average production for 2021 was at the top end of guidance as they declare an additional interim dividend of $50m.

 

 

GSK and Vir Biotechnology will boost production of their antibody-based COVID-19 treatment by adding a second manufacturing plant to help meet soaring demand in the USA.

 

 

Informa is preparing to launch an auction process to sell its clinical trial data provider Citeline in a deal that could value the business at up to £1.2bn.

 

 

Petropavlovsk names Ploshchenko as their CFO, effective immediately.

 

 

Vodafone and Iliad are in talks to strike a deal in Italy which would combine their respective businesses in a bid to end cut-throat competition.

 

Broker Comments

 

RBC Downgrades Associated British Foods to Sector Perform from Outperform (10 Buys / 4 Holds / 0 Sells)

 

 

Jefferies Downgrades Barratt Developments to Hold from Buy (14 Buys / 3 Holds / 0 Sells)

 

 

Jefferies Downgrades Bellway to Hold from Buy (12 Buys / 4 Holds / 0 Sells)

 

 

Jefferies Downgrades Berkeley Group to Hold from Buy (8 Buys / 5 Holds / 3 Sells)

 

 

 

Reporting Today:

 

Computacenter

 

 

 

 

Reporting Monday:

 

 

Capricorn Energy

 

 

 

In Focus Today:

 

 

German Markit Manufacturing PMI

 

German Markit PMI Composite

 

German Markit Services PMI

 

EU Markit Manufacturing PMI

 

EU Markit PMI Composite

 

EU Markit Services PMI

 

UK Markit Manufacturing PMI

 

UK Markit Services PMI

 

Chicago Fed National Activity Index

 

US Markit Manufacturing PMI

 

US Markit PMI Composite

 

US Markit Services PMI

 

 

 

This Week's Ex-Dividends:

 

FTSE 100:

 

 

FTSE 250:

 

Victrex

 

Paragon Banking Group

 

Sequoia Economic Infrastructure Inc Fnd

 

City of London Investment Trust

 

Pennon Group

 

Schroder Oriental Income Fund

 

Bankers Investment Trust

 

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. 69% 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.
.