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Morning Report - 13 February 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Prudential PLC 726.6 6.5%
Entain PLC 695.2 5.3%
Barratt Redrow PLC 456.0 4.4%
Croda International PLC 3,131.0 2.7%
Schroders PLC 385.2 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Centrica PLC 136.6 -2.5%
Diageo PLC 2,125.5 -2.1%
Glencore PLC 342.8 -2.0%
Games Workshop Group PLC 14,380.0 -1.9%
St. James’s Place PLC 1,097.0 -1.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,807 0.3% 16.3%
DOW JONES INDUS. AVG 44,392 -0.5% 14.5%
DAX INDEX 22,148 0.5% 30.0%
NIKKEI 225 38,964 0.4% 2.6%
S&P/ASX 200 INDEX 8,535 0.6% 12.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.36 -2.67%
Brent Crude (ICE) USD/bbl. 75.15 -2.40%
Gold Spot USD/t oz. 2,896 -0.1%
Copper (Comex) USd/lb. 470 2.1%

 

The UK 100 called to open +11 points at 8,818

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +11 points at 8,818. The UK 100 looks set to open higher this morning, after the UK economy unexpectedly grew by 0.1% in the final quarter of 2024.

The S&P index slipped 0.27% to end at 6,051.97, and the Dow Jones tumbled 225.09 points, or 0.5%, to 44,368.56. The Nasdaq eked out a 0.03% gain to close at 19,649.95. This comes after consumer prices rose more than expected in January, raising concern that inflation may reignite.

Asian shares mostly rose Thursday after U.S. President Donald Trump agreed with Russian leader Vladimir Putin to start talks about ending the war in Ukraine.  Japan's benchmark Nikkei 225 jumped 1.3% in morning trading to 39,474.80. Australia's S&P/ASX200 added 0.2% to 8,550.70. South Korea's Kospi gained 0.9% to 2,572.37. The Hang Seng surged 0.9% to 22,051.16, while the Shanghai Composite edged down 0.2% to 3,339.22.

 

Company News & Broker Comments:

Company News:

Barclays reported a 24% rise in annual pretax profit on Thursday, slightly above expectations, as its investment bank reported strong performance for 2024 and slower than expected interest rate cuts sustained income in its domestic lending business.  The British corporate, consumer and investment bank reported profit before tax for the year to December 31 of £8.11 billion, slightly above the £8.07 billion average of analysts' forecasts and higher than the £6.6 billion it reported for the year prior.  They also announced launching they were launching a £1 billion share buyback.

 

British American Tobacco reported a 6.2 billion pound ($7.74 billion) hit from a long-running lawsuit in Canada on Thursday and warned of "significant" headwinds in Bangladesh and Australia in 2025 after annual revenue missed forecast.  Health risks associated with tobacco and smoking alternatives have been under regulatory scrutiny for several years, and cigarette makers are facing several challenges globally from policy shifts to anti-tobacco activism.  The maker of Lucky Strike and Dunhill cigarettes and some rivals in October had neared a C$32.5 billion settlement in Canada, and new vaping regulations in Australia came into force last year, in a bid to curb youth vaping.  The company expects 2025 revenue to grow about 1% at constant currency rates, and performance is projected to be weighted towards the second half of the year.  Revenue for the 12 months ended December 31 was 25.87 billion pounds and adjusted profit stood at 362.5 pence per share, compared with expectations of 26.11 billion pounds and 362.2 pence, respectively, according to a company-compiled poll.

 

RELX reported a 10% rise in full-year adjusted operating profit on Thursday driven by demand for its data analytics, and it said it expected another year of strong growth in 2025.  Shares in RELX, which competes with Thomson Reuters, have risen 23% in the last 12 months, reaching an all-time high of 4,144 pence earlier this week.

 

Unilever said on Thursday its ice cream business will be separated by way of demerger, through listing of the business in Amsterdam, London and New York.  "This decision follows a full review by the Board of separation options," the company said.  The owner of the popular Magnum and Wall's brands had announced plans last year to separate the ice cream division to win back investor confidence after years of underperformance. Unilever reported underlying sales growth of 4% on Thursday, compared with a 4.1% growth forecast by analysts in a company-compiled poll.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Barclays (BARC)

British American Tobacco (BATS)

Coca-Cola HBC (CCH)

RELX (REL)

Renishaw (RSW)

Unilever (ULVR)

 

US

 

Deere & Co (DE) PMO

Airbnb (ABNB) AMC

Applied Materials (AMAT) AMC

Coinbase Global (COIN) AMC

Palo Alto Networks (PANW) AMC

Twilio (TWLO) AMC

 

Reporting Tomorrow:

UK

 

Natwest Group (NWG)

Segro (SGRO)

 

US

 

Moderna (MRNA) PMO

In Focus Today:

German Harmonized Index of Consumer Prices

UK Gross Domestic Product

UK Industrial Production

UK Manufacturing Production

EU Economic Bulletin

EU Industrial Production

US Initial Jobless Claims

US Producer Price Index

 

Today's Ex-Dividends:

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

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