| | | | | The Top 10 Stocks for Q4 | | Your guide to the best investments for the new quarter
Our latest Top 10 Stocks report takes a look at a fresh selection of blue chips that have the potential to offer exciting trading opportunities for the new quarter and into year-end.
Get your copy of this report and discover our top picks for the quarter.
Losses can exceed deposits | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks open lower as investors sift through earnings London stocks opened in the red tracking US markets which closed lower for the first time in three days.
With a lack of economic data to drive equities, traders are focusing on earnings from a slate of FTSE 350 companies.
Pearson was a top faller after reporting a 4% drop in third quarter underlying sales and reducing its earnings guidance range for the full year by 5p to 70p-75p.
Home Retail slumped as it posted a 47% plunge in pre-tax profits at its Argos stores and warned that group full-year profits will fall short of expectations due to trading uncertainty caused by Black Friday.
ARM Holdings surged after posting a jump in third-quarter pre-tax profit as revenue grew on the back of premium chip pricing and the broadening adoption of its technology.
Reckitt Benckiser Group rallied after lifting its full-year like-for-like sales growth estimate to 5% from a previous range of between 4% and 5% as it posted better-than-expected third-quarter revenue.
Sky was higher as it reported a strong first quarter with new paid-for subscription products boosting the company's revenue.
The only main economic data release worth noting for the UK is public finance figures for September. Analysts predict a fall to £10.1bn from £12.1bn in August.
Meanwhile, Bank of England governor Mark Carney is due to speak later this evening on the analysis of banks but has told MPs it will be a "bit of a yawner".
"The findings are likely to be quite political, particularly if they come down one way or the other," said Michael Hewson, chief market analyst at CMC Markets. |
| | The Top 10 Stocks for Q4 | | Your guide to the best investments for the new quarter
Towards the end of September, we've seen markets rally as buyers return to pick up some nicely discounted shares while inflation concerns look to be pushing a US interest rate rise further into the future. Our latest Top 10 Stocks report takes a look at a fresh selection of blue chips that have the potential to offer exciting trading opportunities for the new quarter and into year-end.
Download your copy of this report and discover our top picks for the quarter.
Losses can exceed deposits |
| Market Movers
FTSE 100 (UKX) 6,336.37 -0.14%
FTSE 250 (MCX) 16,966.01 -0.11%
techMARK (TASX) 3,029.25 0.06%
FTSE 100 - Risers
ARM Holdings (ARM) 1,050.00p 9.03%
Reckitt Benckiser Group (RB.) 6,318.00p 2.83%
Smiths Group (SMIN) 1,014.00p 2.37%
Sky (SKY) 1,092.00p 2.15%
Merlin Entertainments (MERL) 379.50p 2.13%
CRH (CRH) 1,738.00p 0.70%
Legal & General Group (LGEN) 251.40p 0.64%
Imperial Tobacco Group (IMT) 3,491.00p 0.61%
Wolseley (WOS) 3,775.00p 0.56%
Royal Mail (RMG) 443.70p 0.54%
FTSE 100 - Fallers
Pearson (PSON) 1,036.00p -12.79%
Anglo American (AAL) 600.80p -3.56%
Glencore (GLEN) 110.95p -2.25%
Bunzl (BNZL) 1,810.00p -1.90%
InterContinental Hotels Group (IHG) 2,428.00p -1.74%
AstraZeneca (AZN) 3,956.50p -1.69%
Antofagasta (ANTO) 549.00p -1.61%
Rio Tinto (RIO) 2,389.00p -1.61%
Shire Plc (SHP) 4,521.00p -1.42%
GlaxoSmithKline (GSK) 1,321.50p -1.12%
FTSE 250 - Risers
Barr (A.G.) (BAG) 537.00p 2.48%
Fidessa Group (FDSA) 1,900.00p 2.15%
Saga (SAGA) 203.50p 2.11%
Just Retirement Group (JRG) 166.00p 2.09%
Card Factory (CARD) 356.20p 1.71%
Keller Group (KLR) 888.00p 1.60%
esure Group (ESUR) 257.20p 1.54%
Kennedy Wilson Europe Real Estate (KWE) 1,132.00p 1.43%
Ocado Group (OCDO) 342.90p 1.30%
PayPoint (PAY) 1,020.00p 1.29%
FTSE 250 - Fallers
Home Retail Group (HOME) 130.60p -12.76%
Kaz Minerals (KAZ) 119.60p -3.78%
Ophir Energy (OPHR) 90.05p -2.23%
Hunting (HTG) 391.60p -2.10%
Ashmore Group (ASHM) 269.30p -2.07%
Premier Oil (PMO) 76.70p -1.86%
Acacia Mining (ACA) 214.00p -1.74%
Petrofac Ltd. (PFC) 872.00p -1.69%
Renishaw (RSW) 1,921.00p -1.64% |
| | UK Event Calendar | | Wednesday 21 October
INTERIMS
Datatec Ltd. (DI), Development Securities, Home Retail Group
QUARTERLY PAYMENT DATE
Total SA
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Q3
Norsk Hydro ASA, Orange Polska S.A. GDR (Reg S), X5 Retail Group NV GDR (Reg S)
GMS
Armadale Capital
IMSS
Reckitt Benckiser Group
AGMS
Photo-Me International
UK ECONOMIC ANNOUNCEMENTS
Public Sector Finances (09:30)
FINAL DIVIDEND PAYMENT DATE
Rank Group
Q1
Sky
|
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Equities undermined as caution creeps in ahead of ECB meeting European stocks were mostly lower in early trade, with caution setting in ahead of Thursday's European Central Bank meeting as investors sifted through a raft of earnings.
At 0850 BST, the benchmark Stoxx Europe 600 index was down 0.5%, Germany's DAX was flat and France's CAC 40 was 0.2% weaker.
"Markets remain very quiet, with investor sentiment fragile and indices trading in a narrow range on low volumes," said Rebecca O'Keeffe, head of investment at Interactive Investor.
"Earnings results typically provide clear direction for investors, but the mixed results seen to date have not delivered either the clarity or support required to break the current lethargy. With global trade data remaining weak, investors are looking to central banks to provide the stimulus needed to support the market."
With little of note due on the macroeconomic calendar, investors shifted their attention to Thursday's ECB meeting in Malta. Market participants had been expecting the central bank to announce fresh stimulus measures, but these expectations have been scaled back following the release of a fairly upbeat bank lending survey on Tuesday.
The ECB report showed credit standards for Eurozone companies eased more than expected in the third quarter as banks made use of the central bank's asset-purchase programme to grants loans.
"The APP had a net easing impact on credit standards and particularly on credit terms and conditions. The easing impact was greatest for loans to enterprises," the ECB said.
Company news
Shares in education group Pearson tumbled after it cut its earnings guidance range for the full year by 5p to 70p-75p as it reported a 4% drop in third-quarter underlying sales.
Credit Suisse fell after announcing plans to raised $6.3bn in a capital increase.
On the upside, chip designer ARM Holdings surged after posting a jump in third-quarter pre-tax profit as revenue grew on the back of premium chip pricing and the broadening adoption of its technology. The company said it has entered the final quarter of the year with strong royalty momentum.
Sky gained as it reported a strong first quarter book, with new paid-for subscription products boosting the company's revenue.
Consumer goods company Reckitt Benckiser was also on the front foot after lifting its full-year like-for-like sales growth estimate to 5% from a previous range of between 4% and 5% as it released better-than-expected third-quarter results. |
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| | US Market Report | | US close: Stocks end lower after mixed bag of earnings US stocks declined on Tuesday as traders focused on a mixed bag of earnings reports on a quiet day of economic data.
The Dow Jones Industrial Average closed down 14 points to 17,217, while the S&P 500 and the Nasdaq were three and 24 points lower respectively.
In the earnings session, Verizon gained after it posted third quarter earnings that beat expectations, while insurer Travelers Co. climbed after its third quarter profit and revenue topped Wall Street's forecast.
Harley Davidson slumped after its quarterly profit fell short of expectations, while defence group Lockheed Martin slipped after saying its third quarter profit declined on the back of lower demand and military force reductions.
IBM dipped after the technology giant posted a drop in third quarter revenue late on Monday.
Flash memory manufacturer SanDisk rallied after Bloomberg reported the company was in advanced negotiations with Western Digital over a takeover offer it received.
Honeywell International increased after revealing it had reached an agreement to sign German-based laboratory research business Seelze from Sigma-Aldrich for $119.4m.
Yum Brands advanced after the owner Pizza Hut, Taco Bell and KFC revealed plans to spin off its business in China.
Facebook was under the cosh on reports Ireland will investigate a complaint about US spies potentially accessing the private details of the social media network's users. The probe came after European Union's highest court overturned a trans-Atlantic pact that allowed the free flow of such data 15 years ago.
In economic data, construction on new US homes snapped a two-month decline and rose in September, according to the Commerce Department. Housing starts climbed 6.5% last month to 1.21m compared with an upwardly revised reading of 1.1m last month, while analysts expected a largely unchanged reading.
"Stronger-than-expected housing starts suggest more residential investment," said analysts at Barclays.
"However, much of this activity is likely to show up in construction spending in the fourth quarter. Our third quarter GDP tracking estimate remains unchanged after rounding at 1.2%."
The dollar was broadly stable against the pound but declined 1.21% against the euro and fell 0.14% against the yuan, while Comex gold climbed 0.28% to $1,176.10.
Oil prices varied, with West Texas Intermediate down 0.74% to $45.55 per barrel, while Brent rose 0.02% to $48.62 a barrel.
S&P 500 - Risers
Windstream Holdings Inc (WIN) $7.45 +7.35%
Dover Corp. (DOV) $61.53 +6.62%
Monster Beverage Corp (MNST) $139.66 +5.24%
Nabors Industries Ltd. (NBR) $10.60 +5.16%
Noble Corporation plc (NE) $13.02 +5.00%
Denbury Resources Inc. (DNR) $3.74 +4.47%
Sandisk Corp. (SNDK) $75.19 +4.43%
Range Resources Corp. (RRC) $35.88 +4.09%
United Technologies Corp. (UTX) $95.62 +3.88%
Ensco Plc. (ESV) $16.66 +3.61%
S&P 500 - Fallers
Harley-Davidson Inc. (HOG) $48.25 -13.92%
Allegheny Technologies Inc. (ATI) $15.00 -11.66%
Micron Technology Inc. (MU) $17.09 -10.80%
Western Digital Corp. (WDC) $74.86 -6.98%
International Business Machines Corp. (IBM) $140.64 -5.75%
United States Steel Corp. (X) $11.39 -5.56%
Vertex Pharmaceuticals Inc. (VRTX) $110.25 -4.86%
Varian Medical Systems Inc. (VAR) $75.30 -4.04%
Allergan plc (AGN) $263.42 -3.62%
Marathon Petroleum Corporation (MPC) $47.34 -3.51%
Dow Jones I.A - Risers
United Technologies Corp. (UTX) $95.62 +3.88%
Travelers Company Inc. (TRV) $108.95 +2.47%
Apple Inc. (AAPL) $113.78 +1.83%
Caterpillar Inc. (CAT) $70.27 +1.44%
Verizon Communications Inc. (VZ) $45.24 +1.21%
Cisco Systems Inc. (CSCO) $28.52 +0.96%
3M Co. (MMM) $149.11 +0.75%
Coca-Cola Co. (KO) $42.29 +0.71%
JP Morgan Chase & Co. (JPM) $62.52 +0.48%
Walt Disney Co. (DIS) $109.84 +0.34%
Dow Jones I.A - Fallers
International Business Machines Corp. (IBM) $140.64 -5.75%
Merck & Co. Inc. (MRK) $50.39 -1.96%
Pfizer Inc. (PFE) $34.00 -1.45%
Procter & Gamble Co. (PG) $74.43 -0.97%
Visa Inc. (V) $76.28 -0.92%
General Electric Co. (GE) $28.78 -0.72%
Nike Inc. (NKE) $132.37 -0.63%
McDonald's Corp. (MCD) $103.84 -0.62%
Intel Corp. (INTC) $33.44 -0.45%
Johnson & Johnson (JNJ) $97.59 -0.36%
Nasdaq 100 - Risers
Monster Beverage Corp (MNST) $139.66 +5.24%
Sandisk Corp. (SNDK) $75.19 +4.43%
Mattel Inc. (MAT) $23.78 +2.77%
Applied Materials Inc. (AMAT) $16.19 +2.44%
Akamai Technologies Inc. (AKAM) $71.92 +2.13%
Sirius XM Holdings Inc (SIRI) $4.01 +1.90%
Apple Inc. (AAPL) $113.78 +1.83%
Discovery Communications Inc. Class A (DISCA) $29.18 +1.67%
PACCAR Inc. (PCAR) $53.02 +1.45%
Dish Network Corp. (DISH) $62.18 +1.44%
Nasdaq 100 - Fallers
Micron Technology Inc. (MU) $17.09 -10.80%
Western Digital Corp. (WDC) $74.86 -6.98%
Tesla Motors Inc (TSLA) $213.03 -6.61%
Vertex Pharmaceuticals Inc. (VRTX) $110.25 -4.86%
Vimpelcom Ltd Ads (VIP) $4.04 -3.81%
Alphabet Inc. Class A (GOOGL) $680.00 -2.85%
Mylan Inc. (MYL) $42.55 -2.72%
Netflix Inc. (NFLX) $98.99 -2.66%
Celgene Corp. (CELG) $116.24 -2.65% |
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| | Newspaper Round Up | | Wednesday newspaper round-up: Europe, British steel, Barclays Britain's leading business group has defied government demands to downplay its campaign for the UK to remain in the European Union. In a move that will escalate tensions between the CBI and Sajid Javid, the business secretary, the group publishes a dossier today stating that most of its members "want to remain in a reformed EU". - The Times
David Cameron has been urged to challenge the Chinese president, Xi Jinping, over job losses in the British steel industry following the announcement of 1,200 redundancies by the UK's largest steelmaker. Tata Steel said 900 jobs would be lost at Scunthorpe and 270 at two sites in Scotland as it blamed cheap Chinese imports, the strong pound and high electricity costs for its decision to stop production of steel plate. - The Guardian
The apparently unstoppable march of Britain's peer-to-peer lenders has taken a step into Germany with the acquisition by Funding Circle of Zencap, a continental rival. Samir Desai, a co-founder and the chief executive of Funding Circle, said that the deal would lead to it becoming the "first truly global marketplace lending platform".- The Times
Barclays appears to be considering ways to defy the strict separation of its high street operations from its investment bank, in a move likely to inflame the debate over whether rules designed to prevent a second banking crisis are being watered down. The bank, which is poised to name ex-investment banker Jes Staley as its next boss, is considering a plan that would put its retail banking arm under the ownership of its investment bank. Although temporary, the arrangement could last years. - The Times |
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