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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 open: FTSE 100 plays catch up with peers after previous weak finish UK's FTSE 100 index is playing catch up with its European counterparts who outperformed it in the previous session.
On Tuesday, the London benchmark pared session losses to close lower while Germany's DAX and France's CAC-40 swung mildly higher.
In Wednesday's session, the tables have turned in favour for the FTSE 100. By 0907 GMT, the index of 100 leading British blue-chips rose to 0.29% or 20 points to stand at 7031, near its all-time highs.
The London market was shrugging off a mixed Asia session while US stock futures are indicting a flattish open on Wall Street later.
In the FX markets, the euro and British pound are both beating the US dollar which fell after Tuesday's zero inflation data from the world's largest economy.
In commodities, oil prices are once again under the cosh while silver and gold prices are little changed, which provides little firm direction to miners and energy stocks.
"Commodity stocks have begun to reappear as a negative factor for the UK index this week, so on this sparse day for data these may play a factor in whether we see another record-breaking FTSE 100 performance," said Connor Campbell, a market analyst with Spreadex.
Balfour Beatty shares gain despite poor numbers
Shares in UK construction firm Balfour Beatty rose 4.5% as it pledged to implement cost saving after reporting deep losses last year which forced it to suspend its dividend.
United Utilities Group rose 0.3% after the company said it expects a modest increase in underlying operating profit for current year earnings compared with the previous year.
Shares in TUI AG gained 2.8% after it confirmed the merged Anglo German travel colossus has sailed serenely past last year's figures and remained confident of delivering strong full year growth.
Profits at UK housebuilder Bellway jumped by more than a half to a record in the first six months of its financial year, prompting the company to hike its interim dividend by 56.3%. The stock rose 4% |
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| | Market Movers
techMARK 3,252.53 +0.32%
FTSE 100 7,034.92 +0.22%
FTSE 250 17,622.88 +0.25%
FTSE 100 - Risers
TUI AG Reg Shs (DI) (TUI) 1,221.00p +3.21%
Barratt Developments (BDEV) 556.00p +2.58%
Taylor Wimpey (TW.) 160.50p +2.49%
International Consolidated Airlines Group SA (CDI) (IAG) 625.50p +1.96%
Mondi (MNDI) 1,364.00p +1.87%
Next (NXT) 7,310.00p +1.18%
Antofagasta (ANTO) 732.00p +1.10%
CRH (CRH) 1,850.00p +1.09%
Schroders (SDR) 3,376.00p +1.08%
Diageo (DGE) 1,958.50p +1.08%
FTSE 100 - Fallers
InterContinental Hotels Group (IHG) 2,616.00p -1.51%
Barclays (BARC) 254.80p -1.41%
Travis Perkins (TPK) 1,968.00p -1.25%
Weir Group (WEIR) 1,774.00p -1.00%
Whitbread (WTB) 5,295.00p -0.75%
SABMiller (SAB) 3,639.00p -0.71%
BHP Billiton (BLT) 1,582.50p -0.53%
Capita (CPI) 1,196.00p -0.50%
Kingfisher (KGF) 365.60p -0.44%
BP (BP.) 442.30p -0.42%
FTSE 250 - Risers
Hunting (HTG) 530.00p +6.00%
Balfour Beatty (BBY) 241.50p +4.46%
Bellway (BWY) 2,090.00p +4.29%
Redrow (RDW) 358.60p +4.12%
Bank of Georgia Holdings (BGEO) 1,763.00p +3.34%
Polymetal International (POLY) 568.00p +2.53%
Bovis Homes Group (BVS) 1,001.00p +2.46%
Vedanta Resources (VED) 554.00p +2.12%
Barr (A.G.) (BAG) 653.00p +2.03%
Acacia Mining (ACA) 269.90p +1.85%
FTSE 250 - Fallers
Moneysupermarket.com Group (MONY) 270.00p -5.59%
Card Factory (CARD) 285.40p -4.23%
Serco Group (SRP) 178.10p -2.46%
Ophir Energy (OPHR) 133.90p -1.69%
Tullow Oil (TLW) 308.50p -1.66%
Entertainment One Limited (ETO) 324.60p -1.64%
AA (AA.) 420.10p -1.64%
Riverstone Energy Limited (RSE) 1,065.00p -1.39%
SSP Group (SSPG) 300.40p -1.38%
Spire Healthcare Group (SPI) 360.70p -1.18%
FTSE TechMARK - Risers
Kofax Limited (DI) (KFX) 733.50p +45.83%
Innovation Group (TIG) 29.25p +0.86%
Consort Medical (CSRT) 863.00p +0.82%
Anite (AIE) 89.00p +0.28%
KCOM Group (KCOM) 95.50p +0.26%
FTSE TechMARK - Fallers
Oxford Biomedica (OXB) 12.25p -2.00%
Skyepharma (SKP) 316.75p -1.40%
Oxford Instruments (OXIG) 871.50p -1.19%
BATM Advanced Communications Ltd. (BVC) 13.25p -0.93%
Spirent Communications (SPT) 89.00p -0.84%
NCC Group (NCC) 201.50p -0.74%
Vectura Group (VEC) 149.75p -0.66%
RM (RM.) 142.25p -0.52%
Dialight (DIA) 771.50p -0.45% |
| | UK Event Calendar | | Wednesday 25 March
INTERIMS
Applied Graphene Materials , Bellway
QUARTERLY PAYMENT DATE
Total SA
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (14:30)
Durable Goods Orders (US) (12:30)
IFO Business Climate (GER) (09:30)
IFO Current Assessment (GER) (09:30)
IFO Expectations (GER) (09:30)
MBA Mortgage Applications (US) (11:00)
FINALS
Alliance Pharma, Anglo Pacific Group, Atlas Mara Limited (DI), Balfour Beatty, Biome Technologies, Card Factory, Chime Communications, EG Solutions, Futura Medical, Graphite Enterprise Trust, Graphite Enterprise Trust, Hilton Food Group, John Laing Group , Johnston Press, London Capital Group Holdings, Marimedia (DI), Moss Bros Group, PJSC Magnit GDR (REG S), Powerflute Oyj (DI), ServicePower Technologies, Source BioScience
ANNUAL REPORT
India Capital Growth Fund Ltd.
EGMS
Bluecrest Bluetrend Ltd Red GBP, Hiscox Ltd (CDI)
AGMS
Beazley, Guscio, Innovation Group, Leeds Building Society 13 3/8% Bearing Shares, RM
TRADING ANNOUNCEMENTS
Topps Tiles, TUI AG Reg Shs (DI), United Utilities Group
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
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| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks little changed after German business confidence report European equities were little changed as a report showed German business confidence rose more than expected in March.
The Ifo's business sentiment index increased to 107.9 this month from 106.8 in February, compared to forecasts of 107.3.
The report comes after the European Central Bank (ECB) launched its quantitative easing programme to help boost the economy and bring inflation back towards its target of just below 2%. The Stoxx 600 has rallied 17% this year amid the quantitative easing programme.
Meanwhile, the ECB will hold a weekly call to assess the emergency funds keeping Greek banks afloat while euro-area finance ministers will hold separate talks on the nation's economic policy.
Greece has promised to deliver a list of solid reforms by Monday to unlock further aid from creditors.
The euro rose 0.44% to $1.0972.
In the US, durable goods orders figures will be released at 12:30 GMT. Analysts predict orders rose 0.2% in February after a 2.8% increase a month earlier.
Company-wise, SABMiller led a drop in food and drink shares. RBC Capital Markets said that a potential purchase of Kraft Foods Group by 3G Capital adds to reasons why Anheuser-Busch InBev won't acquire SAB.
Accor SA slumped after Eurazeo SA sold 11 million shares in the company for €48.75 each.
Hermes International SCA dropped after reporting 2014 operating income that missed analysts' estimates. |
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| | US Market Report | | US close: Stocks finish lower amid mixed data as investors assess economy US stocks closed lower on Tuesday, as investors balanced interest rate uncertainty with better-than-expected data and a stronger dollar. The Dow Jones Industrial Average closed 104.9 points lower at 18,011 while the S&P 500 closed 12.92 points down at 2,102.44. The Nasdaq fared slightly better, closing 16.25 points lower at 4,995.
Paul Ashworth, chief US economist at Capital Economics, pointed out that positive data could give the Fed more reason to implement interest rate hikes.
"The further acceleration in broad money growth in February is indicative of a strengthening real economic recovery that will eventually put more upward pressure on underlying inflation," he said.
The US Consumer Price Index (CPI) rose 0.2% in February, in line with market expectations and against 0.7% the previous month, as gas prices rebounded and food and shelter costs continued to rise.
Core CPI, outstripping food and energy costs, came in at 0.2% in February repeating a similar gain in January. In the 12 months to February, the core CPI rose 1.7%; the largest increase since November.
New US homes sold at an annual rate of 539,000 in February, marking a seven year record according to government reports. Meanwhile, US house prices rose a seasonally adjusted 0.3% in January, the Federal Housing Finance Agency revealed.
The CBOE Volatility Index, widely acknowledged as the best indicator of fear in the market, traded just above 13.
Netflix was trading higher as Barclays raised its price target from $400 to $450.
McCormick & Co was boosted by first quarter profit and sales figures that beat expectations.
Abiomed Inc. continued to surge on Monday's news that it received premarket approval for its Impella heart-pump device from the US Food and Drug administration.
IHS Inc. plunged as it cut its profit and sales outlook on slumping energy headwinds and currency instability.
In commodities news, crude oil finished up 6 cents, at $47.5 a barrel, while gold settled up $3.70 to $1,191.40 an ounce.
The US dollar crept slightly higher against major world currencies, though remained flat compared to the surges of the last few weeks. "Currency movements are going to be in focus because that's where most of the volatility has been," said Peter Boockvar, chief market analyst at The Lindsey Group.
S&P 500 - Risers
Avon Products Inc. (AVP) $8.25 +3.77%
First Solar Inc. (FSLR) $62.51 +3.19%
Netflix Inc. (NFLX) $438.28 +3.12%
Range Resources Corp. (RRC) $49.63 +2.63%
McCormick & Co. (MKC) $75.12 +2.62%
Google Inc. (GOOGL) $577.54 +2.15%
United States Steel Corp. (X) $24.69 +2.07%
Google Inc. Class C (GOOG) $570.19 +2.04%
PulteGroup Inc. (PHM) $21.94 +1.86%
Lennar Corp. Class A (LEN) $50.44 +1.82%
S&P 500 - Fallers
Diamond Offshore Drilling Inc. (DO) $26.49 -4.71%
ONEOK Inc. (OKE) $46.95 -3.43%
Transocean Ltd. (RIG) $14.83 -3.20%
Time Warner Cable Inc. (TWC) $151.00 -2.92%
Philip Morris International Inc. (PM) $77.53 -2.92%
Mattel Inc. (MAT) $23.48 -2.89%
Bristol-Myers Squibb (BMY) $65.69 -2.80%
Tyson Foods Inc. (TSN) $38.70 -2.76%
Agilent Technologies Inc. (A) $41.09 -2.63%
Comcast Corp. (CMCSA) $57.57 -2.62%
Dow Jones I.A - Risers
McDonald's Corp. (MCD) $99.36 +0.75%
United Technologies Corp. (UTX) $118.92 +0.20%
3M Co. (MMM) $166.32 +0.11%
Microsoft Corp. (MSFT) $42.90 +0.11%
Home Depot Inc. (HD) $116.15 +0.07%
Visa Inc. (V) $67.10 +0.03%
Dow Jones I.A - Fallers
Chevron Corp. (CVX) $104.20 -1.62%
Pfizer Inc. (PFE) $34.52 -1.51%
Cisco Systems Inc. (CSCO) $28.00 -1.43%
Intel Corp. (INTC) $30.79 -1.31%
JP Morgan Chase & Co. (JPM) $60.46 -1.11%
Procter & Gamble Co. (PG) $83.92 -1.11%
E.I. du Pont de Nemours and Co. (DD) $73.60 -1.10%
Exxon Mobil Corp. (XOM) $84.52 -1.07%
Walt Disney Co. (DIS) $107.11 -1.03%
American Express Co. (AXP) $81.37 -1.01%
Nasdaq 100 - Risers
Netflix Inc. (NFLX) $438.28 +3.12%
Vimpelcom Ltd Ads (VIP) $5.55 +2.97%
Google Inc. (GOOGL) $577.54 +2.15%
Google Inc. Class C (GOOG) $570.19 +2.04%
eBay Inc. (EBAY) $59.51 +1.52%
Gilead Sciences Inc. (GILD) $101.41 +1.15%
Keurig Green Mountain Inc (GMCR) $123.88 +1.11%
Tesla Motors Inc (TSLA) $201.72 +1.05%
Facebook Inc. (FB) $85.31 +1.04%
PACCAR Inc. (PCAR) $64.11 +0.56%
Nasdaq 100 - Fallers
Mattel Inc. (MAT) $23.48 -2.89%
Comcast Corp. (CMCSA) $57.57 -2.62%
Biogen Inc (BIIB) $452.71 -2.38%
NetApp Inc. (NTAP) $35.85 -2.14%
Wynn Resorts Ltd. (WYNN) $129.50 -1.92%
Viacom Inc. Class B (VIAB) $69.07 -1.89%
Western Digital Corp. (WDC) $97.94 -1.71%
Altera Corp. (ALTR) $35.77 -1.69%
Maxim Integrated Products Inc. (MXIM) $35.46 -1.64% |
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| | Newspaper Round Up | | Wednesday newspaper round-up: France plane crash, Kraft acquisition, Google scandal An Airbus A320 plane on Tuesday crashed in the French Alps and British citizens are believed to be among the 150 dead passengers, reports The Telegraph.
3G Capital has entered advanced talks to acquire Kraft Foods Group for as much as $40bn, according to the Financial Times.
Google executives met with top White House officials while the federal government was tying ip its antitrust investigation of the company, The Wall Street Journal reported.
Lord Chris Smith has said he is "hugely sceptical" of fracking for shale oil in the UK and has called for a single regulator, according to The Guardian.
Women in Gaza have been arming themselves in preparation for the next fight against Israel, wrote The Times.
Ukraine has ousted its Dnipropetrovsk region leader Ihor Kolomoisky after he clashed with Kiev over vital energy assets, The Wall Street Journal reported.
Prime minister David Cameron was heckled by pensioners over the NHS cutbacks on Tuesday while speaking at an Age UK conference, wrote The Times. | | |
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