Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: Miners hold FTSE 100 back in sluggish end to week
- London Stocks: Ended little changed on Friday, with FTSE 100 down 3.65 points to 10,235.29 after hitting a new intra-day high of 10,257.75. FTSE 250 and AIM All-Share closed slightly higher.
- Weekly Performance: FTSE 100 rose 1.1%, FTSE 250 climbed 1.2%, and AIM All-Share advanced 2.1% for the week.
- European Equities: CAC 40 in Paris down 0.7%, DAX 40 in Frankfurt down 0.2%, reflecting a slightly negative tone as investors reduced risk ahead of the US long weekend.
- Mining Sector: Weakened due to falling copper (down 3.0%) and silver (down 3.7%) prices. Endeavour Mining, Anglo American, Antofagasta, and Glencore all declined.
- Bank of America Analysis: Downgraded mining sector to 'underweight' and upgraded energy to 'market weight', citing stretched resource sector pricing and historical commodity price divergences.
- Pearson: Shares fell 4.1%, capping a 12% weekly decline due to a poorly received trading update and a previously undisclosed contract loss in New Jersey.
- Property and Defense: British Land and Land Securities rose on hopes of lower interest rates, while BAE Systems gained 2.3% amid geopolitical tensions.
- US Markets: Little changed, with the Dow slightly lower, S&P 500 up 0.1%, and Nasdaq Composite up 0.1%. US industrial production rose 0.4% in December, exceeding expectations.
- Currency and Bonds: Pound and euro slightly lower against the USD. US 10-year Treasury yield widened to 4.21%, and 30-year yield to 4.82%.
- FTSE 250 Risers: Genus led with a 7.8% gain after reporting strong adjusted pretax profit. Close Brothers and Watches Of Switzerland Group also rose on analyst upgrades.
- Auction Technology: Soared 13% on potential increased bid from FitzWalter Capital, offering 400 pence per share.
- Upcoming Economic Data: Monday features China's GDP, retail sales, and industrial production, Canada's inflation figures, and UK trading statements from Marshalls, Burberry, JD Sports Fashion, and Rio Tinto.
LONDON MARKET MIDDAY: FTSE 100 flat as defence stocks offset miners
- Date and Time: 16th Jan 2026, 12:10
- London Stock Market: Mixed performance at midday; FTSE 100 marginally lower due to weakness in mining stocks, while defence stocks showed strength.
- FTSE Indices:
- FTSE 100: Down 2.43 points at 10,236.44.
- FTSE 250: Up 41.55 points (0.2%) at 23,320.82.
- AIM All-Share: Up 0.76 points (0.1%) at 805.24.
- Cboe UK Indices:
- Cboe UK 100: Down 0.1% at 1,024.03.
- Cboe UK 250: Up 0.1% at 20,401.62.
- Cboe Small Companies: Down 0.2% at 18,067.73.
- Top Performers on FTSE 100: Defence stocks led by BAE Systems (+2.0%), Babcock (+1.4%), and Rolls-Royce (+1.4%).
- Underperformers on FTSE 100: Miners Rio Tinto (-1.5%) and Glencore (-1.3%) due to lower gold prices.
- Market Sentiment: Investors cautious due to geopolitical issues and mixed business messages; defence and gold miners remain favored amid uncertainty.
- European Markets: CAC 40 (-0.4%), DAX 40 (-0.1%).
- Currency Movements:
- GBP/USD: 1.3409 (up from 1.3388).
- EUR/USD: 1.1620 (up from 1.1607).
- USD/JPY: 159.08 (up from 158.48).
- US Markets (Pre-Open): Dow Jones (+0.1%), S&P 500 (+0.3%), Nasdaq (+0.6%).
- US Treasury Yields: 10-year at 4.18% (up from 4.14%), 30-year at 4.80% (unchanged).
- Canada-China Trade Deal: Canada agreed to cut 100% tariff on Chinese EVs in exchange for lower tariffs on Canadian farm products; initial cap of 49,000 Chinese EVs rising to 70,000 over five years.
- Corporate Highlights:
- Pearson: Biggest faller on FTSE 100 (-4.0%) after Barclays cut price target.
- Next: Second-biggest faller (-3.4%) due to B shares redemption.
- Ninety One: Assets under management rose 5.1% to GBP159.8 billion.
- GCM Resources: Fell 19% after discounted share placement.
- Wellnex Life: Rose 13% on improved first-half 2026 EBITDA.
- Commodities:
- Brent Oil: USD64.51/barrel (up from USD63.55).
- Gold: USD4,613.40/ounce (down from USD4,616.76).
- Upcoming Economic Data: US industrial production figures.
LONDON BROKER RATINGS: BofA cuts British Land; RBC raises Gym Group
Here is the provided text formatted as bullet points in HTML:
html
- 16th Jan 2026 09:48
- The following London-listed shares received analyst recommendations Friday morning and on Thursday:
- FTSE 100
- UBS raises GSK price target to 1,940 (1,900) pence - 'neutral'
- Deutsche Bank Research raises GSK price target to 1,675 (1,600) pence - 'hold'
- UBS raises AstraZeneca price target to 16,300 (14,200) pence - 'buy'
- Deutsche Bank Research raises AstraZeneca price target to 11,000 (10,500) pence - 'sell'
- BofA raises Burberry price target to 960 (920) pence - 'underperform'
- RBC raises Glencore price target to 530 (480) pence - 'outperform'
- Kepler Cheuvreux raises Reckitt Benckiser price target to 6,200 (4,900) pence - 'hold'
- Berenberg raises Unilever price target to 5,600 (5,530) pence - 'buy'
- Oddo BHF cuts Land Securities to 'neutral' - price target 650 pence
- BofA cuts Land Securities price target to 670 (680) pence - 'neutral'
- RBC cuts Howden Joinery target to 890 (900) pence - 'sector perform'
- Berenberg cuts BP price target to 520 (525) pence - 'buy'
- Citigroup raises St James's Place price target to 1,790 (1,590) pence - 'buy'
- Barclays cuts Pearson price target to 1,070 (1,175) pence - 'equal weight'
- BofA cuts British Land to 'neutral' ('buy') - target 440 pence
- BofA raises Next price target to 15,100 (14,900) pence - 'neutral'
- Goldman Sachs raises Rolls-Royce price target to 1,350 (1,290) pence - 'buy'
- FTSE 250
- Berenberg cuts Dunelm price target to 1,425 (1,480) pence - 'buy'
- UBS cuts Dunelm price target to 1,310 (1,360) pence - 'buy'
- Barclays cuts Dunelm price target to 1,250 (1,350) pence - 'overweight'
- Berenberg raises Genus price target to 3,250 (3,050) pence - 'buy'
- BofA raises Watches Of Switzerland to 'buy' - price target 550 pence
- Deutsche Bank Research raises Ashmore target to 140 (100) pence - 'sell'
- Deutsche Bank Research raises Rathbones price target to 2,100 (2,000) pence - 'hold'
- Deutsche Bank Research raises Oxford Instruments price target to 2,675 (2,435) pence - 'buy'
- Berenberg raises Oxford Instruments price target to 2,700 (2,400) pence - 'buy'
- Oddo BHF raises Safestore to 'outperform' - price target 840 pence
- BofA cuts Safestore price target to 900 (980) pence - 'buy'
- Oddo BHF cuts Big Yellow Group to 'neutral' - price target 1,100 pence
- BofA cuts Big Yellow Group price target to 1,200 (1,300) pence - 'buy'
- RBC cuts Grafton Group price target to 1,170 (1,190) pence - 'outperform'
- RBC cuts Travis Perkins price target to 850 (865) pence - 'outperform'
- RBC raises Close Brothers to 'outperform' - price target 625 (475) pence
- Barclays cuts Trainline price target to 265 (290) pence - 'equal weight'
- Barclays raises Ocado price target to 175 (160) pence - 'underweight'
- Barclays cuts Gamma Communications target to 1,600 (1,700) pence - 'overweight'
- Kepler Cheuvreux cuts Hays price target to 51 (68) pence - 'hold'
- BofA cuts Workspace Group price target to 420 (460) pence - 'neutral'
- BofA cuts Derwent London price target to 2,200 (2,400) pence - 'buy'
- SMALL CAP
- UBS cuts Wise price target to 1,240 (1,320) pence - 'buy'
- Deutsche Bank Research cuts Essentra price target to 150 (165) pence - 'buy'
- Deutsche Bank Research cuts Robert Walters price target to 230 (250) pence - 'buy'
- RBC cuts SIG price target to 8.7 (9) pence - 'sector perform'
- RBC raises Gym Group to 'outperform' (sector perform) - price target 200 (155) pence
- Oddo BHF starts Magnum Ice Cream with 'outperform' - price target 16 EUR
- Related Shares:
LONDON MARKET OPEN: FTSE 100 slips as European markets trade lower
- London Stock Market:
- FTSE 100 opened down 0.2% at 10,215.15, weighed by miners and oil companies.
- FTSE 250 up 0.1% at 23,313.06; AIM All-Share up 0.1% at 805.18.
- Defence stocks led gains: BAE Systems (+1.9%), Babcock (+1.8%), Rolls-Royce (+1.6%).
- Next (-2.8%) and Pearson (-2.6%) were among top decliners.
- Global Markets:
- European equities weaker: CAC 40 (-0.3%), DAX 40 (-0.1%).
- Asian markets mixed: Nikkei 225 (-0.3%), Shanghai Composite (-0.3%), Hang Seng (-0.3%), S&P/ASX 200 (+0.5%).
- US markets ended higher on Thursday: Dow (+0.6%), S&P 500 (+0.3%), Nasdaq (+0.3%).
- Economic Data:
- German inflation cooled in December: Annual CPI at 1.8% (down from 2.3% in November).
- US industrial production figures awaited on Friday.
- Corporate News:
- US-Taiwan deal to cut tariffs and boost semiconductor investment, with Taiwan vowing to remain top AI chipmaker.
- HSBC (-0.5%) reviewing Singapore insurance business, potential sale valued over USD1 billion.
- Genus (+9.9%) lifted full-year expectations after strong first-half performance.
- Imaging Biometrics (-35%) halted phase two trial of gallium maltolate for glioblastoma.
- Currency & Commodities:
- Sterling at USD1.3398, Euro at USD1.1612, Dollar at JPY158.17.
- Brent oil up to USD64.00/barrel; Gold down to USD4,603.10/ounce.
LONDON MARKET EARLY CALL: FTSE 100 seen lower despite Wall St gains
- London Stocks: Set to open lower on Friday, with FTSE 100 futures indicating a 0.1% decline to 10,226.04, amid Asian market pullback and heightened scrutiny of tech earnings.
- Currency Movements: Sterling slightly weaker at USD1.3379, euro marginally lower at USD1.1605, and dollar down against the yen at JPY158.38.
- US Markets: Wall Street closed higher on Thursday, with Dow up 0.6%, S&P 500 up 0.3%, and Nasdaq up 0.3%.
- Earnings Season: Tech results under closer scrutiny due to concerns over AI deals, leverage, rising costs, and supply disruptions, despite strong TSMC results boosting sentiment.
- TSMC Performance: Taiwanese chipmaker reported forecast-busting Q4 net profit, signaling strong global AI demand, with TSMC Chair CC Wei reaffirming confidence in the AI mega trend.
- US-Taiwan Trade Deal: Agreement to reduce tariffs on Taiwanese goods to 15% and boost Taiwanese investment in US tech industries by at least USD250 billion, with Taiwan retaining its position as a key AI chip producer.
- Asian Markets: Nikkei 225 down 0.3%, Shanghai Composite down 0.1%, Hang Seng down 0.6%, and S&P/ASX 200 up 0.5%.
- Commodities: Gold lower at USD4,597.60/ounce, Brent oil marginally down at USD63.50/barrel.
- Corporate Calendar: Johnson Service Group, MJ Gleeson, and Ninety One to release trading statements on Friday.
- Economic Calendar: Germany consumer price inflation data and US industrial production figures scheduled for Friday.
All Market News Today 388 headlines
PCTN
13:57
Picton Property Income Ltd
0QT8
06:01
Irish Residential Properties REIT Plc
