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Morning Report - 13 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Persimmon PLC 1,404.5 8.3%
Barratt Developments PLC 451.2 6.7%
M&G PLC 202.7 6.2%
Jd Sports Fashion PLC 159.7 5.9%
Whitbread PLC 3,020.0 5.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
B&M European Value Retail S.A. 432.0 -4.4%
Sage Group PLC 767.6 -2.0%
Beazley PLC 655.5 -1.7%
Astrazeneca PLC 11,448.0 -1.6%
Sse PLC 1,670.0 -1.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,794 0.9% 3.0%
DOW JONES INDUS. AVG 34,190 0.6% -5.3%
DAX INDEX 15,058 0.7% -6.1%
NIKKEI 225 26,120 -1.3% -8.3%
S&P/ASX 200 INDEX 7,328 0.7% -2.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.43 0.05%
Brent Crude (ICE) USD/bbl. 83.98 -0.06%
Gold Spot USD/t oz. 1,897 0.0%
Copper (Comex) USd/lb. 417 -0.6%
The UK 100 called to open +23 points at 7817. 

1 Day; 3 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +23 points at 7817.  The UK 100 looks set to open higher this morning, after data showed that the UK economy had unexpectantly grown by 0.1% in November, boosting hopes that the UK could escape a technical recession.  On Wall Street yesterday, US markets closed higher as in line inflation figures gave investors encouragement that pricing pressures were falling reducing the pressure on the Federal Reserve to keep hiking rates aggressively.  At the close the Dow Jones was up 216 points, or 0.64%, to 34,189, the S&P was up 13 points, or 0.34%, to 3,983 and the Nasdaq rose for the fifth day in a row, up 69 points, or 0.64%, topping the 11,000 mark at 11,001.

 

 

Company News & Broker Comments:

Company News:

Card Factory hires Ambassador Cruise Line CFO Matthias Seeger as their new CFO.

 

 

ITV says ITVX delivers 55% increase in streaming hours in first month after launch YoY. They state that their online users increased by 65% YoY during launch month.

 

 

Taylor Wimpey expects to report FY operating profit in line with expectations. They have flagged tepid demand in the housing market as affordability concerns and economic uncertainty kept homebuyers on tenterhooks. They expect to construct fewer homes in 2023 and have entered the new financial year with a lower private order book than in recent times.

 

 

Vodafone are planning to shed several hundred jobs, most of which are located at its London headquarters to rein in costs.

 

 

888 Holdings state that their CFO Yariv Dafna will step down from the role and that the group reported a 3% fall in its quarterly total revenue.

 

 

Broker Comments:

 

Davy Upgrades Wizz Air to Outperform (8 Buys / 5 Holds / 2 Sells)

 

 

Deutsche Bank Downgrades Pennon Group to Sell from Hold (2 Buys / 5 Holds / 1 Sell)

Reporting Today:

UK

 

None

 

US

 

Delta Air Lines Inc.

 

Bank of New York Mellon

 

Citigroup Inc.

 

Wells Fargo & Co.

 

Bank of America Corp.

 

JPMorgan Chase & Co.

 

UnitedHealth Inc.

Reporting Monday:

Ashmore

 

Rio Tinto

 

 

In Focus Today:

UK Gross Domestic Product

 

UK Industrial Production

 

UK Manufacturing Production

 

EU Industrial Production s.a.

 

UK NIESR GDP Estimate

 

US Fed Index of Common Inflation Expectations

 

US Michigan Consumer Sentiment Index

 

Next Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 19th January 2023:

 

Compass Group

UK 250 companies going  ex-dividend on 19th January 2023:

 

 

Diploma

 

Future

 

AJ Bell

 

Victrex

 

Games Workshop Group

 

Balanced Commercial Property Trust

 

Supermarket Income REIT

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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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.


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