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Morning Report - 30 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Sainsbury (J) PLC 252.5 5.5%
Persimmon PLC 1,443.5 2.6%
Auto Trader Group PLC 604.4 2.2%
Unite Group PLC 1,012.0 2.0%
Segro PLC 843.8 2.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Rolls-Royce Holdings PLC 110.2 -2.9%
Antofagasta PLC 1,765.0 -2.2%
Jd Sports Fashion PLC 161.6 -1.7%
Flutter Entertainment PLC 12,465.0 -1.5%
Diageo PLC 3,422.0 -1.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,765 0.1% 4.0%
DOW JONES INDUS. AVG 33,978 0.1% -2.2%
DAX INDEX 15,150 0.1% -1.1%
NIKKEI 225 27,433 0.2% 2.7%
S&P/ASX 200 INDEX 7,482 -0.2% 7.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.97 -0.89%
Brent Crude (ICE) USD/bbl. 85.88 -0.90%
Gold Spot USD/t oz. 1,929 0.0%
Copper (Comex) USd/lb. 419 -0.9%
The UK 100 called to open -45 points at 7720

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -45 points at 7720. The UK 100 looks set to open cautiously lower this morning, as it appears that investors have already started looking ahead to this weeks trifecta of interest rate decisions from the Federal Reserve, the European Central Bank and the Bank of England.  In the US on Friday, all three major indexes finished off a busy week of earnings in positive territory.  At the close, the Dow had gained 0.1% to close at 33,978, the S&P increased 0.3% at 4,071 and the Nasdaq was up 1% on the day at 11,622 to cap off a great week for the tech-heavy index.

 

Company News & Broker Comments:

Company News:

Computacenter says they are to end FY22 “slightly ahead” of Q3 guidance on strong final quarter. Their FY22 revenue is up 27% on strong product sales as they report that net funds at year end of £244m. Their adjusted pretax profit is down nearly 6% in H1 as they are pleased with year as a whole.

 

 

Legal & General CEO Nigel Wilson is to retire after over 10 years in the post.

 

 

Rio Tinto is “sorry” for losing a radioactive capsule in Western Australia.

 

 

Ryanair reported a swing to Q3 profit with results boosted by higher prices and stronger demand over the Christmas period.

 

 

Unilever hires Hein Schumacher as their new CEO, effective on July 1st, replacing Alan Jope.

 

 

888 Holdings says their CEO Itai Pazner has left the company effective immediately as they suspend VIP activities in some markets amid internal compliance probe. This is because customer compliance processes were not best followed in the Middle East region as the division falls short in know your client and anti-money laundering processes.

 

 

Broker Comments:

Barclays Upgrades Auto Trader Group to Overweight from Equal weight (9 Buys / 9 Holds / 0 Sells)

 

 

Barclays Upgrades Moneysupermarket.com to Overweight from Equal weight (8 Buys / 5 Holds / 0 Sells)

 

 

Numis Downgrades Rentokil to Hold (6 Buys / 4 Holds / 1 Sell)

Reporting Today:

Computacenter

Reporting Tuesday:

 

 

 

US

 

Caterpillar Inc

 

Exxon Mobil

 

General Motors

 

McDonald's Corp

 

Pfizer

 

Spotify Technology SA

 

Advanced Micro Devices

 

Amgen

 

Mondelez

 

Snap Inc A

 

 

 

In Focus Today:

German Gross Domestic Product

 

EU Business Climate

 

EU Consumer Confidence

 

Japanese Unemployment Rate

 

Japanese Industrial Production

 

 

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 2nd February 2023:

 

None

UK 250 companies going  ex-dividend on 2nd February 2023:

 

Paragon Banking Group

 

Merchants Trust

 

JLEN Environmental Assets Group

 

Bluefield Solar Income Fund

 

Edinburgh Investment Trust

 

IG Group Holdings

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