Market Prognosis

A concise summary of the major macro events of the past 24 hours, and selected UK company-specific news.

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February 15, 2024

China a pig of a market for Genus


UK GDP data indicate that the economy has been in recession in the last two quarters of 2023. Cue the alarmist headlines.

UK Company News

Cirata (formerly Wandisco) has appointed Ken Lever as Chairman.

Genus, the animal genetics company and owner of the Pig Improvement Company, warns that China continues to be a challenging porcine market, a pig of a market.

Jet2 said its forward bookings are encouraging, with average load factors 1.5ppts ahead of Summer 2023. Hard-earned holidays remain a priority for its customers. The Group continues to see input cost increases, including hotel accommodation and changes to the EU Carbon Emissions Trading Scheme. It raises profit guidance.

Housebuilder MJ Gleeson sees encouraging signs of demand recovery and says results align with expectations. It reaffirms its medium-term targets.

Close Brothers said that the FCA review of historical motor finance commission arrangements creates uncertainty and cancels its dividend.

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