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share price back to 144p keep you eye on the futures

Jan 31 (Reuters) - UniCredit (CRDI.MI) pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans.

Orcel, who has focused UniCredit on capital light businesses to maximise returns since taking over in April 2021, expressed confidence in receiving the necessary green light from European Central Bank supervisors.

https://www.reuters.com/markets/unicredit-hikes-payout-goal-by-40-after-record-profit-2023-01-31/

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"it is not how you start but how you finish"

This afternoon You need to look at US futures

BEIJING, Jan 31 (Reuters) - China's economic activity swung back to growth in January, after a wave of COVID-19 infections passed through the country faster than expected following abandonment of pandemic controls.

Domestic orders and consumption drove output higher, according to the first broad data to show how quickly China is recovering from its COVID reopening wave, but analysts warned that the economy faced persistent weakness in external demand.

The official purchasing managers' index (PMI), which measures manufacturing activity, rose to 50.1 in January from 47.0 in December, the National Bureau of Statistics (NBS) said on Tuesday. Economists in a Reuters poll had predicted the PMI to come in at 48.0. Since the result was above 50.0, it implied growth.

A rebound in non-manufacturing activity was more decisive than expected by economists - but helped by a seasonal surge in spending for the Lunar New Year holiday. That index, which covers services, leapt to 54.4, from 41.6 in December.

https://www.reuters.com/world/china/china-economic-activity-swings-back-growth-january-official-pmi-2023-01-31/

UBS reported $1.7 billion of net income in the fourth quarter of 2022 and a total $7.6 billion across the entirety of last year.

https://www.google.com/amp/s/www.cnbc.com/amp/2023/01/31/ubs-earnings-q4-and-fy-2022.html

FTSE 100 is expected to open lower following losses in the US and Asia and as the IMF posted another gloomy assessment of the UK economy.

Spread betting companies are calling the lead index down by around 28 points

The UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households, the International Monetary Fund (IMF) has said.

The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted.

However, the IMF also said that after the Autumn Statement it thinks the UK economy is now "on the right track".

Chancellor Jeremy Hunt said the UK outperformed many forecasts last year.

In its World Economic Outlook update, the IMF, which works to stabilise economic growth, said the UK's Gross Domestic Product (GDP) would shrink rather than grow by 0.3% this year.

https://www.bbc.co.uk/news/business-64452995.amp

Lloyds just broke the 53p barrier onwards and up

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Investors enjoyed a bumper year of dividends in 2022 as payouts jumped by almost a tenth.

Dividends among London-listed firms totalled £94.3billion for the year, 8 per cent higher than in 2021 as Covid restrictions eased and companies brought back the payments.

Much of the increase was driven by a resurgence of payouts from big banks, which have been boosted by rising interest rates. There was also a surge in payments from oil firms, which have made huge profits off the back of rising energy prices

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-11689945/amp/Banks-oil-lead-way-firms-listed-London-post-big-payouts.html

A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings.

Off-market home sales surged in the British capital in the final three months of 2022, accounting for more than one-in-five (22.3%) transactions, according to Hamptons International.

https://www.google.com/amp/s/www.cnbc.com/amp/2023/01/30/londons-luxury-home-sellers-turn-to-whatsapp-as-private-sales-surge.html

Lloyds keeps knocking on the door it's about to break 53p as the BoE is expected to deliver its tenth rate hike since December 2021 on Thursday. Traders have priced in a 50 bps rate hike, followed by another 25 bps in March before BoE pauses, looking good for 60p on results day

Share price under 50p not looking good need to keep some info coming for shareholders

Paul Gordon, Managing Director for Relationship Management, Lloyds Bank Business and Commercial Banking, said:

“After a challenging 2022, it’s heartening to see confidence rising for the second consecutive month. This is the first back to back increase since September 2021. There is no doubt that the business environment remains challenging and uncertainty still remains, but this improvement in optimism is very welcome as we start 2023.

“With pay expectations tempering, trade expectations set to improve, and a clearer way forward on energy price support, this may give businesses a bit more certainty and the confidence they need to inspire investment and promote growth.”

Hann-Ju Ho, Senior Economist Lloyds Bank Commercial Banking, said:

“Business confidence continues to improve following the December boost. Firms are clearly more optimistic about the wider economy and this is driving the increase, helped by precursory signs that wage and other cost pressures may be easing.

“It is still a tough environment for businesses, with high energy bills remaining a concern during the winter months, but there are grounds for optimism for 2023 if inflation starts to trend lower.”

Business confidence hits six-month high after back-to-back monthly rises

Business confidence made a positive start to the year with strong gains for a second month in a row, rising by five points to 22% in January. This is the first back-to-back increase since September 2021, bringing business confidence to a six-month high and moving closer to the long-term average of 28%.

The increase in business confidence was driven by a more optimistic assessment of the wider economy, with 47% (up four points) of firms expressing greater optimism and 30% (down five points) being more pessimistic, resulting in the net balance rising by nine points to 17%.

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/january-2023-business-barometer.html

Ryanair has posted its largest third quarter profit after tax for as a boom in demand helped it soar past pre-Covid levels.

In the three months ending 31 December, the Dublin-based carrier reported a pre-tax profit of €211m (£184.9m), up from last year’s loss of €96m.

This was also up on the €88m profit reported in the third quarter of its 2020 financial year. Ryanair added that the average fare paid was 14 per cent higher during the same period.

https://www.cityam.com/ryanairs-profits-skyrocket-to-eye-watering-184-9m-as-low-cost-airline-cashes-in-on-strong-dollar-and-summer-demand/

6% interest rates great for banks great for Lloyds investors, the share price would hit £1

Dr James Fox explores whether Lloyds shares could continue their bull run further into 2023. Investor sentiment will be key.

https://www.fool.co.uk/2023/01/29/lloyds-shares-could-surge-to-75p-this-year/

LVMH posted record results Thursday, and expressed confidence that China's luxury market would bounce back this year as the country continues to reopen