London stocks edged higher in early trading Monday as investors looked ahead to a busy week of earnings and central bank announcements.
At 0820 GMT, the FTSE 100 was up 0.1% at 7,639.16.
Richard Hunter, Head of Markets interactive investorHe said: “The corporate calendar will be very active this week, with a particular focus on technology. microsoft, alphabet. apple, meta and Amazon We will provide all updates. Advanced Micro Devices.
“On the economic front, the Federal Reserve is set to announce its latest interest rate decisions, and market expectations are pegged to the outcome remaining unchanged. Will they cut rates in either March or May? The jury is still divided on whether six rate cuts are likely to be expected this year.”A non-farm payrolls report is also scheduled for Friday, with January payrolls expected to be The consensus is that the number of people increased by 173,000 compared to 216,000 in the previous month. , the unemployment rate is expected to rise slightly from 3.7% to 3.8%.
“The UK is also facing an important week, with updates from many of the leading FTSE 100 companies. diageo, shell, BT and glaxosmithkline. In addition, all eyes will be on the central bank as the Bank of England announces its latest interest rate decisions, although any change from the current level of 5.25% seems unlikely. ”
In the stock market, blood pressure and shell Prices have soared in tandem with crude oil prices amid rising tensions in the Middle East.
ryanair lowered its full-year profit forecast, posting a 93% drop in third-quarter net profit as higher fuel costs offset higher revenue and its flights were removed from online travel agencies. It attracted attention.
Net profit fell to 15 million euros from 211 million euros in the same period last year. Ryanair said volumes in the quarter rose 7% to 41.4 million passengers and average fares rose 13% to more than 42 euros, while fuel costs rose 35% to 1.2 billion euros.
Ryanair now expects FY24 profit after tax to be between €1.85 billion and €1.95 billion, down from its previous guidance of €1.85 billion to €2.05 billion. Fixed.
Super Dry We liked the confirmation that they are working with advisors on cost-saving options. In response to press speculation, the fashion brand said: “In line with the company’s turnaround strategy, the company is working with its advisors to consider the feasibility of various material cost reduction options. It was confirmed.”
“While there is no certainty that any of these options will move forward, we are confident that the company will build on the success of the cost reduction initiatives it has undertaken to date and position the business for long-term success. want to be.”
sky news Superdry and its advisors made the report over the weekend. pricewaterhousecoopers Businesses had begun work on plans that could lead to voluntary arrangements (CVAs) and restructuring plans.
Sky said this could be aimed at closing unprofitable stores (with a corresponding impact on employment) and forcing landlords to reduce rents.
On the downside, iron ore pellet producers Felexpo Shares fell after Ukraine’s Court of Appeals announced it had approved a claim of about $125 million against the company as part of a long-running lawsuit against its largest shareholder. The company announced that it would appeal to the Supreme Court of Ukraine.
Ferexpo is facing multiple lawsuits and investigations by Ukrainian authorities seeking to recover assets from founder and 49.5% shareholder Kostyantyn Zhebago.
Owner of B&Q and Castorama Kingfisher The rating was downgraded from “outperform” to “sector performance.” RBC Capital Markets. RBC said it was relatively cautious about the outlook for France and near-term consensus earnings, and currently viewed some other UK retailers with the potential for higher valuations. bondage.
In other broker note actions, schroders fell after being downgraded to “underperform” in BNPP Exane.
IMI Unlocked by upgrading to “Purchase” Berenbergmeanwhile intertek Rise on the back of upgrade to “buy” jeffries.
market mover
FTSE100 (UK X) 7,639.16 0.05%
FTSE250(MCX) 19,304.98 -0.17%
Techmark (TASX) 4,383.50 -0.10%
FTSE 100 – Riser
BP (BP.) 469.85p 1.77%
3i group (III) 2,446.00 pence 1.45%
Shell (SHEL) 2,464.00 pence 1.42%
BAE Systems (BA.) 1,184.50p 1.41%
Intertek Group (ITRK) 4,502.00p 0.99%
IMI 1,684.00p 0.84%
Beazley (BEZ) 549.50p 0.83%
Fresnillo (FRES) 502.80p 0.80%
National Grid (NG.) 1,050.00 pence 0.62%
Barclays (BARC) 150.12p 0.59%
FTSE 100 – Falls
Schroders (SDR) 407.70p -4.07%
Kingfisher (KGF) 219.70p -2.40%
International Consolidated Airlines Group SA (CDI) (IAG) 151.15p -1.88%
Halma (HLMA) 2,158.00 pence -1.69%
Ocado Group (OCDO) 567.40p -1.46%
Mondi (MNDI) 1,473.00 pence -1.28%
Smurfit Kappa Group (CDI) (SKG) 3,064.00p -1.16%
Anglo American (AAL) 1,866.40p -1.15%
SEGRO (SGRO) 856.20p -1.04%
Diploma (DPLM) 3,302.00p -0.96%
FTSE 250 – Riser
LXI REIT (LXI) 108.00p 4.35%
Pets at Home Group (PETS) 308.00p 3.01%
Just Group (JUST) 86.00 pence 2.75%
Mitty Group (MTO) 108.00p 2.66%
Octopus Renewable Infrastructure Trust (ORIT) 88.80p 2.30%
TP Icap Group (TCAP) 189.70p 2.26%
Future (FUTR) 743.00p 1.71%
First Group (FGP) 171.70p 1.60%
Drax Group (DRX) 503.20p 1.39%
Investec (INVP) 517.80p 1.37%
FTSE 250 – Falls
Baltic Advertising Group (BCG) 215.50p -4.86%
Felexpo (FXPO) 82.00p -4.48%
Wizz Air Holdings (WIZZ) 1,991.00 pence -2.88%
Domino’s Pizza Group (DOM) 344.60p -2.82%
Kainos Group (KNOS) 1,061.00p -2.30%
Chemring Group (CHG) 345.50p -2.26%
Carnival (CCL) 1,131.50p -2.20%
TUI AG Reg Shs (DI) (TUI) 560.00p -1.50%
Aston Martin Lagonda Global Holdings (AML) 187.20p -1.47%
Computer Center (CCC) 2,828.00p -1.46%