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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Admiral Group PLC | 2,274.0 | 3.0% |
| Convatec Group PLC | 246.4 | 2.2% |
| Rightmove PLC | 553.0 | 1.4% |
| Whitbread PLC | 2,843.0 | 1.3% |
| Smith & Nephew PLC | 1,181.5 | 1.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Rs Group PLC | 913.5 | -4.1% |
| British American Tobacco PLC | 3,169.0 | -3.5% |
| Airtel Africa PLC | 111.0 | -3.1% |
| Next PLC | 6,258.0 | -3.0% |
| Ocado Group PLC | 721.6 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,694 | -0.4% | 3.5% |
| DOW JONES INDUS. AVG | 33,580 | 0.2% | -6.9% |
| DAX INDEX | 14,784 | -0.1% | -6.5% |
| NIKKEI 225 | 26,176 | 0.8% | -7.3% |
| S&P/ASX 200 INDEX | 7,131 | -0.3% | -3.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 74.91 | 0.38% |
| Brent Crude (ICE) | USD/bbl. | 79.74 | 0.11% |
| Gold Spot | USD/t oz. | 1,875 | 0.2% |
| Copper (Comex) | USd/lb. | 406 | 0.9% |
The UK 100 called to open +10 points at 7705. The UK’s blue-chip index is expected to open higher following gains in the US and Asia. US markets enjoyed a positive session as investor sentiment was buoyed by Federal Reserve chairman Jerome Powells speech which steered clear of rhetoric on interest rates and inflation. At the close the Dow Jones was up 186 points, or 0.56%, to 33,704, the S&P rose 27 points, or 0.7%, to 3,919 and the Nasdaq advanced 107 points, or 1.01%, to 10,743.
Barratt Developments state they will build fewer homes in 2023 than the previous year and flagged uncertainty in the market as higher mortgage rates amid a cost-of-living crisis drive homebuyers away. Their net bookings rate per average week fell to 0.30 during the period from Oct 10th to Dec-end, compared with 0.69 during the corresponding period a year earlier.
Darktrace have cut their FY revenue forecast saying prospective customers were reluctant to run product trials due to the worsening macro-economic environment. They now expect their constant currency annual recurring revenue to increase by 29-31.5% in the year to end-June, down from its previous forecast of 31-34%.
Direct Line Insurance Group does not expect to pay a final dividend for 2022, following a surge in claims due to severe cold weather in Britain in December. Inflation in motor insurance claims has also impacted their underwriting performance. They reported total weather claims of around £140m for 2022, well above its original expectation of £73m.
Ferrexpo says 2022 was fatality-free despite war in Ukraine. Their Q4 2022 iron ore pellet production came in at 0.4m tonnes, down from 3.1m YoY. The hit to iron ore production was caused by loss of power for most of the quarter.
JD Sports reported total revenue growth of over 20% in the six-week Christmas shopping period to end of December, prompting it to raise their FY profit forecast.
PageGroup says their 2022 operating profit is to be around £195m amid softening near end of Q4.
Sainsbury expects their yearly profits to be towards the upper end of guidance range of £630-690m.
Deutsche Bank Downgrades Bunzl to Hold from Buy (4 Buys / 8 Holds / 2 Sells)
JP Morgan Downgrades Deliveroo to Underweight from Neutral (5 Buys / 9 Holds / 0 Sells)
Barratt Developments
Vistry Group
Marks & Spencer Group
Taylor Wimpey
Tesco
Whitbread
Chinese Consumer Price Index
Chinese Producer Price Index
German 10-y Bond Auction
Japanese Current Account n.s.a.
UK 100 companies going ex-dividend on 12th January 2023:
SSE
Sage Group
Ashtead Group
B&M European Value Retail S.A.
UK 250 companies going ex-dividend on 12th January 2023:
Primary Health Properties
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