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 |
| Jd Sports Fashion PLC | 150.8 | 7.0% |
| Frasers Group PLC | 751.0 | 4.0% |
| St. James’s Place PLC | 1,195.5 | 4.0% |
| Segro PLC | 818.2 | 3.4% |
| Unite Group PLC | 955.5 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Admiral Group PLC | 2,117.0 | -6.8% |
| M&G PLC | 190.8 | -2.9% |
| Legal & General Group PLC | 252.2 | -2.4% |
| Aviva PLC | 448.7 | -2.1% |
| Smith & Nephew PLC | 1,161.0 | -1.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,725 | 0.4% | 2.3% |
| DOW JONES INDUS. AVG | 33,973 | 0.8% | -6.4% |
| DAX INDEX | 14,948 | 1.2% | -6.6% |
| NIKKEI 225 | 26,450 | 0.0% | -8.1% |
| S&P/ASX 200 INDEX | 7,280 | 1.2% | -2.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 77.23 | -0.23% |
| Brent Crude (ICE) | USD/bbl. | 82.51 | -0.19% |
| Gold Spot | USD/t oz. | 1,882 | 0.3% |
| Copper (Comex) | USd/lb. | 414 | -0.6% |
Click graph to enlarge
The UK 100 called to open +24 points at 7748. The UK 100 looks set to extend its positive start to 2023 this morning, ahead of todays key US CPI data. Yesterday saw US markets pushed higher into the close with the Dow Jones up 268 points, or 0.8%, to 33,972, the S&P up 50 points, or 1.28%, to 3,970, and the Nasdaq up 189 points, or 1.76%, to 10,932.
ASOS expects significant profitability and cash generation improvement in H2 as UK sales are down 8% reflecting weak consumer sentiment. They are expecting a H1 FY23 loss due to profit phasing and inflation.
Centrica hires former Shell executive Russell O’Brien as CFO from March 1st.
Dechra Pharmaceuticals says their outlook for the FY stays positive to achieve market expectations.
John Wood says their FY22 revenue, adjusted EBITDA and net debt are all in line with guidance.
Marks & Spencer reported strong Christmas sales with better-than-expected increase in like-for-like food sales of 6.3%, delivering its best ever market share and a 8.6% rise in clothing and home sales.
Persimmon have warned of weak conditions in the housing market as a sharp rise in mortgage rates and broader economic uncertainty weigh on demand. Current forward sales was at £1bn, compared with £1.6bn a year earlier.
Tesco kept its FY profit guidance after it joined rivals in reporting stronger than expected Christmas sales despite an escalating cost-of-living crisis. They reported that UK like-for-like sales rose 4.3% in Q3 to Nov 26th and were up 7.2% in the six weeks to Jan 7th.
Whitbread reported higher Q3 sales helped by string accommodation demand in the UK as people travelled for the first Christmas without pandemic curbs. They reported a 22.9% rise in total sales for the 13 weeks ended Dec 1st verses a year ago.
Barclays Downgrades Antofagasta to Equal Weight from Overweight (2 Buys / 11 Holds / 2 Sells)
Barclays Upgrades Rio Tinto to Equal Weight from Underweight (3 Buys / 10 Holds / 3 Sells)
Berenberg Upgrades Rio Tinto to Buy from Sell (3 Buys / 10 Holds / 3 Sells)
Credit Suisse Downgrades Anglo American to Neutral from Outperform (6 Buys / 9 Holds / 2 Sells)
Deutsche Bank Downgrades Fevertree Drinks to Sell from Hold (4 Buys / 12 Holds / 1 Sell)
Peel Hunt Downgrades Halfords to Add from Buy (3 Buys / 2 Holds / 0 Sells)
RBC Downgrades Ashtead to Sector Perform from Outperform (9 Buys / 2 Holds / 0 Sells)
RBC Downgrades Experian to Underperform from Sector Perform (6 Buys / 4 Holds / 0 Sells)
RBC Upgrades DCC to Outperform from Sector Perform (7 Buys / 1 Hold / 0 Sells)
UBS Downgrades Beazley to Sell from Neutral (8 Buys / 2 Holds / 1 Sell)
Marks & Spencer Group
Taylor Wimpey
Tesco
Whitbread
None
EU Economic Bulletin
US Consumer Price Index ex Food & Energy
US Initial Jobless Claims
US Monthly Budget Statement
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
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.