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Morning Report - 24 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Persimmon PLC 1,258.5 3.9%
Taylor Wimpey PLC 118.6 3.2%
Natwest Group PLC 429.6 2.9%
Intermediate Capital Group PLC 2,316.0 2.6%
Barratt Redrow PLC 441.8 2.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Entain PLC 676.6 -4.3%
Associated British Foods PLC 1879.5 -3.0%
Marks And Spencer Group PLC 332.8 -1.9%
Smith & Nephew PLC 1009.0 -1.8%
Sainsbury (J) PLC 253.2 -1.6%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,565 0.2% 13.8%
DOW JONES INDUS. AVG 44,565 0.9% 17.9%
DAX INDEX 21,412 0.7% 26.8%
NIKKEI 225 39,932 -0.1% 10.2%
S&P/ASX 200 INDEX 8,409 0.4% 11.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.54 -0.11%
Brent Crude (ICE) USD/bbl. 78.22 -0.09%
Gold Spot USD/t oz. 2,775 0.7%
Copper (Comex) USd/lb. 438 1.2%

 

The UK 100 called to open +22 points at 8,577

1 Day; 11 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +22 points at 8,577.  The UK 100 looks set to open higher this morning, having finished Thursday on the front foot, once again testing all time highs for the Blue-Chip index.

On Wall Street yesterday, the S&P rallied to record highs on Thursday after President Donald Trump called for lower interest rates and cheaper oil prices.  The broad market index added 0.53%, notching an all-time intraday high for the second straight session. The benchmark finished the day at 6,118.71, surpassing its prior all-time closing high of 6,090.27 recorded in early December.  The Dow Jones advanced 408.34 points, or 0.92%, to 44,565.07, while the Nasdaq rose 0.22% to 20,053.68. Thursday marked the fourth straight winning session for all three major indexes.

Asian markets also enjoyed a largely positive showing overnight, after gains on Wall Street saw the S&P 500 fetch new record highs too.

 

Company News & Broker Comments:

Company News:

Burberry Group PLC has said sales fell during the third quarter as the luxury fashion brand continues to grapple with turnaround efforts.  Revenue declined by 7% to £659 million over the three months to December, Burberry reported on Friday.  Sales across the Asia Pacific region declined by 9%, as revenue also fell in Europe, the Middle East and African but ticked up in the Americas.  Currency had provided a headwind over the quarter, with revenue down 3% at constant exchange rates and a £25 million hit to profit expected over the full year.  Chief executive Joshua Schulman noted response had been positive to the likes of outerwear and festive campaigns since flagging turnaround plans in November, though.

 

Severn Trent PLC has announced its trading update and acceptance of the PR24 Final Determination for the period 2025-2030. The company is on track to achieve a strong financial performance for the current year and anticipates meeting its guidance, including a net ODI reward of over £100 million. The Final Determination will allow Severn Trent to invest £14.9 billion in infrastructure improvements, environmental initiatives, and customer service, including reducing spills and pollutions, and achieving operational Net Zero by 2030. The company plans to maintain competitive customer bills while supporting a significant portion of its customer base with an affordability package. The dividend policy for the upcoming period will align with CPIH growth, maintaining attractive returns for shareholders.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Burberry Group

NCC Group

Paragon Banking Group

 

US

 

American Express

Verizon Communications

Reporting Tomorrow:

UK

 

Dr Martens

 

US

 

AT&T

In Focus Today:

UK GfK Consumer Confidence

German HCOB Composite PMI

German HCOB Manufacturing PMI

German HCOB Services PMI

EU HCOB Composite PMI

EU HCOB Manufacturing PMI

EU HCOB Services PMI

UK S&P Global/CIPS Composite PMI

UK S&P Global/CIPS Manufacturing PMI

UK S&P Global/CIPS Services PMI

ECB's President Lagarde speech

ECB's Cipollone speech

US S&P Global Manufacturing PMI

Michigan Consumer Sentiment Index

UoM 5-year Consumer Inflation Expectation

Next Week'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

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.


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