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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: Falling oil prices and Tesco lift stocks Upbeat news from the UK supermarket sector and falling oil prices put London shares on an upward path on Monday.
Beleaguered retailer Tesco cheered long-suffering investors with news that it was appointing the boss of catering group Compass, Richard Cousins, and the former chief of furniture giant IKEA, Mikael Ohlsson, as non-executive directors in November.
Shares in Tesco, which is tussling with the fallout from accounting problems that forced it to revise a profit forecast, lifted 4.6p to 176.75p. Rival Morrisons, which has also been feeling the pinch from cut-price competitors, gained 2.6p to 160.4p and Sainsbury's climbed 3.7p to 231.1p.
The price of a barrel of US light crude fell below $90 a barrel as international tensions eased, spelling good news for airlines.
Budget carrier Easyjet flew 8p higher to 1467p and British Airways and Iberia owner IAG rose 6.1p to 371.3p.
The FTSE 100 Index closed 35.74 points up at 6563.65 as investors shrugged off worse-than-expected German factory data.
CMC Markets analyst Jasper Lawler said: "Should German industrial data be poor tomorrow, there will be extra weight on the downside."
Gas explorer BG Group inflated 27p to 1093p after saying it had received a windfall of $350m from Egypt as part of a government drive to pay outstanding debts to the energy industry.
Miners were on the up despite falling gold prices, with Antofagasta 26p ahead at 706.5p, Fresnillo advancing 25.5p to 745.5p and Anglo American progressing 33.5p to 1348p.
Royal Mail failed to benefit from announcing a special offer on its parcel service in the run-up to Christmas, posting a 2.5p fall to 392.1p.
And oil stocks were on the slide as crude prices fell, with Royal Dutch Shell leaking 11.5p to 2372p and Petrofac slipping 13p to 982.5p.
Elsewhere, sausage maker Cranswick cooled 36p to 1289p after reporting a flat first half, although it said sales were likely to improve in the third quarter as Christmas approaches. |
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| | techMARK 2,793.02 +0.12%
FTSE 100 6,563.65 +0.55%
FTSE 250 15,277.01 +0.31% FTSE 100 - Risers
Antofagasta (ANTO) 706.50p +3.82%
Fresnillo (FRES) 745.50p +3.54%
Barclays (BARC) 232.30p +3.43%
Tesco (TSCO) 176.75p +2.67%
Anglo American (AAL) 1,348.00p +2.55%
BG Group (BG.) 1,093.00p +2.53%
Old Mutual (OML) 181.20p +2.14%
Carnival (CCL) 2,495.00p +2.09%
Experian (EXPN) 973.50p +2.04%
Glencore (GLEN) 339.35p +2.03%
FTSE 100 - Fallers
Petrofac Ltd. (PFC) 982.50p -1.31%
Royal Mail (RMG) 392.10p -0.63%
United Utilities Group (UU.) 805.00p -0.62%
Legal & General Group (LGEN) 226.80p -0.53%
Next (NXT) 6,615.00p -0.53%
Ashtead Group (AHT) 1,013.00p -0.49%
Royal Dutch Shell 'B' (RDSB) 2,372.00p -0.48%
Aviva (AV.) 517.00p -0.48%
Schroders (SDR) 2,351.00p -0.47%
Shire Plc (SHP) 5,430.00p -0.46%
FTSE 250 - Risers
Hays (HAS) 122.70p +5.87%
Just Retirement Group (JRG) 126.30p +4.99%
Kazakhmys (KAZ) 250.20p +3.39%
Petra Diamonds Ltd.(DI) (PDL) 190.90p +3.19%
BBA Aviation (BBA) 342.00p +3.04%
Ted Baker (TED) 2,000.00p +2.83%
Croda International (CRDA) 2,190.00p +2.58%
Rank Group (RNK) 165.00p +2.48%
Cairn Energy (CNE) 179.90p +2.39%
Playtech (PTEC) 736.00p +2.36%
FTSE 250 - Fallers
Computacenter (CCC) 628.50p -3.01%
Hochschild Mining (HOC) 120.10p -2.99%
Ocado Group (OCDO) 246.30p -2.96%
Cranswick (CWK) 1,289.00p -2.72%
IP Group (IPO) 200.00p -2.53%
TalkTalk Telecom Group (TALK) 283.50p -2.44%
Entertainment One Limited (ETO) 305.30p -2.30%
African Barrick Gold (ABG) 202.00p -2.08%
Evraz (EVR) 114.00p -2.06%
Foxtons Group (FOXT) 223.00p -1.72%
FTSE TechMARK - Risers
NCC Group (NCC) 190.75p +3.11%
Optos (OPTS) 202.25p +2.67%
Kofax Limited (DI) (KFX) 489.25p +1.98%
Phoenix IT Group (PNX) 115.00p +1.32%
XP Power Ltd. (DI) (XPP) 1,526.00p +1.06%
Sepura (SEPU) 142.00p +0.71%
Filtronic (FTC) 20.25p +0.62%
Vectura Group (VEC) 129.75p +0.58%
Dialight (DIA) 925.00p +0.54%
RM (RM.) 148.50p +0.34%
FTSE TechMARK - Fallers
Gresham Computing (GHT) 102.00p -4.23%
Innovation Group (TIG) 28.00p -2.61%
Torotrak (TRK) 16.62p -2.21%
KCOM Group (KCOM) 94.00p -2.08%
Anite (AIE) 83.50p -1.47%
Promethean World (PRW) 30.50p -1.21%
CML Microsystems (CML) 307.50p -0.81%
BATM Advanced Communications Ltd. (BVC) 16.12p -0.77%
Skyepharma (SKP) 316.75p -0.63% |
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| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks higher on prospects for further ECB easing European stocks were mostly higher as weak euro-area data raised the prospect of full-on quantitative easing by the bloc's central bank.
Eurozone investor confidence tumbled to its lowest level since May 2013, according to a Sentix research institute survey.
The Sentix investor confidence index for October fell to a reading of -13.7, from the prior month's print of -9.8, missing the consensus forecast for -11.
Separately, German factory orders fell 1.3% year-on-year in August after a 5.9% increase the previous month, falling short of forecasts for a 2.6% gain.
Markit's purchasing managers' index (PMI) for euro-area retail dropped to 44.8 in September from 45.8 in August, signalling a further contraction.
The disappointing data is likely to add pressure on the European Central Bank (ECB) to do more to boost the economy with such measures as full-on quantitative easing. Investors are concerned the ECB's asset-buying programme won't be enough to address the stagnant recovery and low inflation.
"In the current environment, a further monetary stimulus is required to stabilise confidence and support weak demand in the Eurozone," Berenberg said. "Otherwise, the risk that the Eurozone including Germany may fall into recession would be significant."
Euro Disney slides on refinancing
Paris-listed Euro Disney tumbled after the theme park operator unveiled plans for a €1bn refinancing package.
Nokia edged higher on reports Samsung paid Microsoft, which bought Nokia's mobile phone business last year, as much as $1bn in royalties last year.
ICA Gruppen jumped after Sweden's largest food retailer sold its Norweigan unit to Coop Norway.
Erste Group Bank advanced as Goldman Sachs recommended buying the stock.
Aer Lingus Group gained after saying it flew 5.3% more passengers in September.
Norwegian Air Shuttle declined after saying it expects a loss due to hedging positions.
Delhaize Group slumped as Deutsche Bank cut its rating on the Belgian food retailer to 'hold' from 'buy'.
The euro rose 0.52% to $1.2581. |
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| | US Market Report | | US open: markets advance ahead of labor data Markets began the week on a positive note, as the optimism generated by a strong jobs report on Friday remained strong.
The Federal Reserve is set to release the labor-market conditions index (LMCI) on Monday, which analysts believe will confirm the positive outlook for US economy.
By condensing several parameters of labor data into one reading, the LMCI aims to offer a clearer picture of the market than the one offered solely by the unemployment figures. According to data released by the Bank of America, seven would represent a positive figure.
In corporate news, Hewlett-Packard rose after the company announced it plans to split into two and separate its personal computer and printer businesses from its services and hardware divisions.
Becton, Dickinson shares gained almost 6% after the company announced it reached a deal to buy Carefusion for $12.2bn in cash and stock and, as a result, Carefusion soared as high as 23%.
Tesla Motors rose slightly as news emerged that the company is set to present its Model 3 mass-market car and new version of its Model S sedan at an event on Thursday, while Hilton Worldwide Holdings advanced slightly after revealing it will sell the Waldorf Astoria hotel in Manhattan to Beijing-based Anbang Insurance Group for $1.95 bn.
H&R Block fell sharply after the tax services firm announced that regulatory approval for the sale of its banking division won't be completed by the end of 2014.
Sunesis Pharmaceuticals plunged after revealing that a late-stage trial of a cancer treatment fell short of its intended primary targets.
Gold prices picked up slightly but still remained below $1,200 an ounce, while West Texas intermediate crude fell slightly and traded at just under $90 a barrel. |
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| | Broker Tips | | Broker tips: UK banks, Easyjet, Just Retirement, ASOS Shares in HSBC and emerging markets bank Standard Chartered both look cheap, according to analysts at Barclays Capital, though HSBC is the broker's preferred pick as it appears "structurally and cyclically stronger".
The valuations of both stocks suggest potential buying opportunities, Barclays said, with HSBC and StanChart trading at just 1.2 times and 1.0 times 2015 estimated tangible book value, respectively.
Citigroup has raised its profit estimates and price target on Easyjet after the budget carrier last week upgraded its guidance for this year.
Citigroup kept its 'buy' rating on the airline but raised its target to £16.70 from £16.
Shares in Just Retirement (JRG) were rising strongly on Monday after Deutsche Bank upgraded the annuity provider from 'hold' to 'buy', playing down concerns which have weighed on the stock since the UK government's budget in the spring.
Analyst Oliver Steel said: "Initially this was fair: individual sales are now running at circa 50% of pre-budget levels. However, we think the market has completely misunderstood the latest tax changes, which have knocked JRG shares by a further 20p in the last week. For JRG's customers, we see no material impact whatsoever."
Online fashion retailer ASOS "seems ripe for an approach", according to UBS, which predicted that US internet marketplace Amazon could pay £50 a share in a potential takeover. | | |
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