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 |
| BP PLC | 465.2 | 7.4% |
| Fresnillo PLC | 802.0 | 4.8% |
| Endeavour Mining PLC | 1,781.0 | 3.3% |
| Pershing Square Holdings LTD | 4,366.0 | 2.8% |
| Barratt Redrow PLC | 446.7 | 2.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| International Consolidated Airlines Group S.A. | 353.4 | -3.5% |
| Coca-Cola Hbc AG | 2,984.0 | -1.7% |
| Bae Systems PLC | 1,180.5 | -1.4% |
| Easyjet PLC | 523.2 | -1.3% |
| Diageo PLC | 2,196.0 | -1.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,768 | 0.8% | 15.8% |
| DOW JONES INDUS. AVG | 44,470 | 0.4% | 15.0% |
| DAX INDEX | 21,912 | 0.6% | 29.5% |
| NIKKEI 225 | 38,801 | 0.0% | 5.2% |
| S&P/ASX 200 INDEX | 8,484 | 0.0% | 11.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 72.84 | 0.72% |
| Brent Crude (ICE) | USD/bbl. | 76.45 | 0.76% |
| Gold Spot | USD/t oz. | 2,911 | 0.1% |
| Copper (Comex) | USd/lb. | 465 | -1.2% |
Click graph to enlarge
The UK 100 called to open +8 points at 8,775. The UK 100 looks set to open marginally higher this morning, after US President Donald Trump signed an executive order on steel and aluminium tariffs, before eyes turn to the Federal Reserve chair who speaks later.
Trump on Monday made good on a promise to slap 25% tariffs on steel and aluminium imports, stepping up a long-promised trade war despite warnings from Europe and China.
Stocks rose in the States Monday as major tech names outperformed to start the week, while traders looked past the latest U.S. tariff threat from President Donald Trump. The Dow Jones Industrial Average added 167.01 points, or 0.38%, led by a 4.8% gain in McDonald's. The 30-stock index closed at 44,470.41. The S&P 500 gained 0.67% to end at 6,066.44, and the Nasdaq Composite climbed 0.98% to 19,714.27.
Bellway announced a 11.9% increase in housing completions during the six months ending January 31, 2025, reflecting strong performance amidst challenging market conditions. The company maintained a robust financial position with modest net debt, a strong land bank, and a healthy forward order book, indicating their readiness to capitalize on future growth opportunities in the UK housing market. Bellway’s strategic land investments and operational strengths position it well to deliver future volume growth, supporting long-term value creation for shareholders.
BP reported this morning that profits slumped to a fresh four-year low in the fourth quarter, which comes amid reports that an activist hedge fund manager has taken a stake in the oil major. For the fourth quarter, BP reported an underlying replacement cost profit of $1.17bn (£947m), falling sharply from the $2.27bn it reported in the third quarter. Underlying replacement cost profit is the metric that BP uses as its version of net income. For the year, BP posted underlying cost profit of $8.92bn, down from $13.84bn for 2023. The oil major said that the fall in profits reflected weaker realised refining margins, among other factors. Despite weaker quarterly results, BP announced another share buyback of $1.75bn, and an ordinary share dividend of $0.08.
Dunelm Group plc reported its interim results for the 26 weeks ended 28 December 2024, showcasing solid performance and strategic progress despite a challenging retail environment. The company achieved a 2.4% increase in sales, with a notable 39% of total sales coming from digital channels. Gross margins improved slightly, and profit before tax remained stable. Dunelm expanded its store portfolio into inner London and Ireland, and increased market share to 7.8%. The company remains confident in its business model and strategic plans, while prioritizing shareholder returns with increased dividends.
No New Broker Comments
UK
BP (BP.)
Bellway (BWY)
Dunelm Group (DNLM)
US
Coca-Cola (KO) PMO
Shopify (SHOP) PMO
Gilead Sciences (GILD) AMC
Super Micro Computer (SMCI) AMC
Upstart Holdings (UPST) AMC
UK
Barratt Redrow (BTRW)
TBC Bank Group (TBCG)
US
Coca-Cola (KO) PMO
Shopify (SHOP) PMO
Gilead Sciences (GILD) AMC
Super Micro Computer (SMCI) AMC
Upstart Holdings (UPST) AMC
UK BRC Like-For-Like Retail Sales
BoE's Mann speech
BoE's Governor Bailey speech
Fed's Williams speech
UK 100 companies going ex-dividend on 13th February 2025:
Shell
Pershing Square Holdings
UK 250 companies going ex-dividend on 13th February 2025:
NextEnergy Solar Fund
Greencoat UK Wind
Target Healthcare REIT
Murray Income Trust
ICG Enterprise 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.
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.