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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: Stocks fall on oil price retreat, Brexit fears London stocks fell on Friday as oil prices retreated and uncertainty surrounding the European Union referendum grew.
Oil prices dropped after rising earlier this week on continued supply disruptions and government data showing a decrease in US weekly crude inventories.
At 0834 BST, Brent crude fell 0.83% to $51.52 per barrel and West Texas Intermediate dipped 0.99% to $50.06 per barrel.
Meanwhile, with the EU referendum fast approaching, investors will continue monitor developments on Friday. Britain votes on its EU membership on 23 June.
Labour Party deputy leader Tom Watson and shadow cabinet colleagues are expected to warn in a report on Friday that leaving the EU would lead to an emergency budget, further cuts in public spending and tax rises.
On Thursday night, London Mayor Boris Johnson tried to persuade voters to side with the Leave campaign in a televised debate. Johnson urged Britain to "take back control" and "prosper as never before" outside of the EU as he put forward his case alongside Conservative lawmaker Andrea Leadsom and Labour's Gisela Stuart.
On the opposing side were Nicola Sturgeon, the first minister of Scotland, Angela Eagle, a senior Labour Party politician, and Amber Rudd, Britain's energy secretary.
The pound was down 0.07% against the dollar at $1.448.
In economic data, UK construction output figures are due at 0930 BST and the University of Michigan's consumer confidence index will be released at 1500 BST.
On the corporate front, Sky shares gained after the broadcaster paid €3.5bn to secure the lion's share of TV rights to German Bundesliga football matches.
Grocery giant Tesco declined after confirming the proposed sale of its Kipa and Giraffe businesses, as it continues to slim down and focus on its core retail business. The FTSE 100 firm said it has agreed to sell its 95.5% controlling share in Turkish supermarket chain Kipa to Swiss retail group Migros. In a separate transaction, Tesco confirmed it is also selling the Giraffe restaurant chain which it picked up in 2013, to Harry Ramsden's owner Boparan Restaurants Holdings.
Schroders was in the red as Reuters reported that the company appointed Shigesuke Kashiwagi, former chief financial officer of Nomura Holdings, as its president and country head of Japan.
J Sainsbury has announced it will appoint its chief financial officer John Rogers as chief executive of Home Retail Group on completion of its £1.4bn takeover. Rogers will replace John Walden, who is stepping down from the company. The takeover deal is expected to be completed in the third quarter.
BP and Det norske oljeselskap said they were creating of Aker BP ASA, an independent oil and gas company combining the assets and expertise from both companies' Norwegian exploration and production operations to form the largest Norwegian independent oil and gas producer. The $1.3bn share deal is aimed at cutting costs, increasing profitability and challenging Statoil's Norwegian offshore dominance. |
| Market Movers
FTSE 100 (UKX) 6,181.54 -0.81%
FTSE 250 (MCX) 16,977.99 -0.78%
techMARK (TASX) 3,069.60 -0.81%
FTSE 100 - Risers
Fresnillo (FRES) 1,215.00p 0.33%
Sky (SKY) 957.00p 0.21%
Randgold Resources Ltd. (RRS) 6,635.00p 0.15%
Rio Tinto (RIO) 1,967.50p 0.00%
Coca-Cola HBC AG (CDI) (CCH) 1,444.00p 0.00%
SABMiller (SAB) 4,290.00p -0.13%
Anglo American (AAL) 665.00p -0.15%
National Grid (NG.) 981.70p -0.22%
Royal Dutch Shell 'A' (RDSA) 1,780.00p -0.25%
InterContinental Hotels Group (IHG) 2,617.00p -0.27%
FTSE 100 - Fallers
Standard Life (SL.) 323.10p -2.27%
Royal Bank of Scotland Group (RBS) 218.10p -1.76%
Barclays (BARC) 173.05p -1.70%
easyJet (EZJ) 1,464.00p -1.61%
Prudential (PRU) 1,269.50p -1.55%
Hargreaves Lansdown (HL.) 1,292.00p -1.52%
Mondi (MNDI) 1,332.00p -1.48%
GKN (GKN) 271.20p -1.45%
Legal & General Group (LGEN) 227.20p -1.43%
Glencore (GLEN) 136.00p -1.41%
FTSE 250 - Risers
AO World (AO.) 163.00p 2.07%
Caledonia Investments (CLDN) 2,395.00p 1.53%
Softcat (SCT) 373.60p 1.44%
Renishaw (RSW) 1,998.00p 1.42%
Euromoney Institutional Investor (ERM) 950.00p 1.06%
Pendragon (PDG) 39.35p 0.90%
Evraz (EVR) 133.00p 0.76%
Rank Group (RNK) 245.40p 0.74%
Acacia Mining (ACA) 348.10p 0.72%
Fidelity European Values (FEV) 167.90p 0.72%
FTSE 250 - Fallers
Hays (HAS) 126.00p -6.67%
Pagegroup (PAGE) 378.30p -5.19%
Essentra (ESNT) 572.00p -4.67%
Brown (N.) Group (BWNG) 222.20p -4.18%
Indivior (INDV) 211.30p -2.81%
Cobham (COB) 138.90p -2.32%
Ocado Group (OCDO) 252.50p -2.28%
Tullow Oil (TLW) 247.20p -2.22%
Sports Direct International (SPD) 360.10p -2.09% |
| | Brexit: Protect Your Portfolio | | Get all the details now in this FREE Report In just a few weeks the UK will face its biggest decision in decades. Download your FREE report now |
| | UK Event Calendar | | Friday 10 June
INTERIM DIVIDEND PAYMENT DATE
Keystone Inv Trust, Lok'n Store Group, Ranger Direct Lending Fund
QUARTERLY PAYMENT DATE
IBM Corp., M Winkworth
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (GER) (07:00)
Treasury Budget Statement (US) (19:00)
Wholesale Price Index (GER) (07:00)
FINALS
Fuller Smith & Turner
SPECIAL DIVIDEND PAYMENT DATE
Fidessa Group, Rights & Issues Inv Trust Capital Shares, Rights & Issues Inv Trust Income Shares
AGMS
Baker Steel Resources Trust Ltd., Bioquell, Bisichi Mining, M. P. Evans Group, M. P. Evans Group, Public Joint Stock Company Inter Rao Ues GDR (REG S), Symphony Environmental Technologies, Volga Gas
FINAL DIVIDEND PAYMENT DATE
Advanced Medical Solutions Group, Augean, Barr (A.G.), Card Factory, Carillion, Exova Group , Fidessa Group, Frenkel Topping Group, G4S, Irish Continental Group Units, JZ Capital Partners Ltd, Keller Group, Neptune-Calculus Income & Growth VCT, Phoenix Spree Deutschland Limited SHS NPV , Robert Walters, Science Group , Woodford Patient Capital Trust |
| | Brexit: Protect Your Portfolio | | Get all the details now in this FREE Report In just a few weeks the UK will face its biggest decision in decades. Download your FREE report now |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | London open: Stocks fall on oil price retreat, Brexit fears London stocks fell on Friday as oil prices retreated and uncertainty surrounding the European Union referendum grew.
Oil prices dropped after rising earlier this week on continued supply disruptions and government data showing a decrease in US weekly crude inventories.
At 0834 BST, Brent crude fell 0.83% to $51.52 per barrel and West Texas Intermediate dipped 0.99% to $50.06 per barrel.
Meanwhile, with the EU referendum fast approaching, investors will continue monitor developments on Friday. Britain votes on its EU membership on 23 June.
Labour Party deputy leader Tom Watson and shadow cabinet colleagues are expected to warn in a report on Friday that leaving the EU would lead to an emergency budget, further cuts in public spending and tax rises.
On Thursday night, London Mayor Boris Johnson tried to persuade voters to side with the Leave campaign in a televised debate. Johnson urged Britain to "take back control" and "prosper as never before" outside of the EU as he put forward his case alongside Conservative lawmaker Andrea Leadsom and Labour's Gisela Stuart.
On the opposing side were Nicola Sturgeon, the first minister of Scotland, Angela Eagle, a senior Labour Party politician, and Amber Rudd, Britain's energy secretary.
The pound was down 0.07% against the dollar at $1.448.
In economic data, UK construction output figures are due at 0930 BST and the University of Michigan's consumer confidence index will be released at 1500 BST.
On the corporate front, Sky shares gained after the broadcaster paid €3.5bn to secure the lion's share of TV rights to German Bundesliga football matches.
Grocery giant Tesco declined after confirming the proposed sale of its Kipa and Giraffe businesses, as it continues to slim down and focus on its core retail business. The FTSE 100 firm said it has agreed to sell its 95.5% controlling share in Turkish supermarket chain Kipa to Swiss retail group Migros. In a separate transaction, Tesco confirmed it is also selling the Giraffe restaurant chain which it picked up in 2013, to Harry Ramsden's owner Boparan Restaurants Holdings.
Schroders was in the red as Reuters reported that the company appointed Shigesuke Kashiwagi, former chief financial officer of Nomura Holdings, as its president and country head of Japan.
J Sainsbury has announced it will appoint its chief financial officer John Rogers as chief executive of Home Retail Group on completion of its £1.4bn takeover. Rogers will replace John Walden, who is stepping down from the company. The takeover deal is expected to be completed in the third quarter.
BP and Det norske oljeselskap said they were creating of Aker BP ASA, an independent oil and gas company combining the assets and expertise from both companies' Norwegian exploration and production operations to form the largest Norwegian independent oil and gas producer. The $1.3bn share deal is aimed at cutting costs, increasing profitability and challenging Statoil's Norwegian offshore dominance.
Market Movers
FTSE 100 (UKX) 6,181.54 -0.81%
FTSE 250 (MCX) 16,977.99 -0.78%
techMARK (TASX) 3,069.60 -0.81%
FTSE 100 - Risers
Fresnillo (FRES) 1,215.00p 0.33%
Sky (SKY) 957.00p 0.21%
Randgold Resources Ltd. (RRS) 6,635.00p 0.15%
Rio Tinto (RIO) 1,967.50p 0.00%
Coca-Cola HBC AG (CDI) (CCH) 1,444.00p 0.00%
SABMiller (SAB) 4,290.00p -0.13%
Anglo American (AAL) 665.00p -0.15%
National Grid (NG.) 981.70p -0.22%
Royal Dutch Shell 'A' (RDSA) 1,780.00p -0.25%
InterContinental Hotels Group (IHG) 2,617.00p -0.27%
FTSE 100 - Fallers
Standard Life (SL.) 323.10p -2.27%
Royal Bank of Scotland Group (RBS) 218.10p -1.76%
Barclays (BARC) 173.05p -1.70%
easyJet (EZJ) 1,464.00p -1.61%
Prudential (PRU) 1,269.50p -1.55%
Hargreaves Lansdown (HL.) 1,292.00p -1.52%
Mondi (MNDI) 1,332.00p -1.48%
GKN (GKN) 271.20p -1.45%
Legal & General Group (LGEN) 227.20p -1.43%
Glencore (GLEN) 136.00p -1.41%
FTSE 250 - Risers
AO World (AO.) 163.00p 2.07%
Caledonia Investments (CLDN) 2,395.00p 1.53%
Softcat (SCT) 373.60p 1.44%
Renishaw (RSW) 1,998.00p 1.42%
Euromoney Institutional Investor (ERM) 950.00p 1.06%
Pendragon (PDG) 39.35p 0.90%
Evraz (EVR) 133.00p 0.76%
Rank Group (RNK) 245.40p 0.74%
Acacia Mining (ACA) 348.10p 0.72%
Fidelity European Values (FEV) 167.90p 0.72%
FTSE 250 - Fallers
Hays (HAS) 126.00p -6.67%
Pagegroup (PAGE) 378.30p -5.19%
Essentra (ESNT) 572.00p -4.67%
Brown (N.) Group (BWNG) 222.20p -4.18%
Indivior (INDV) 211.30p -2.81%
Cobham (COB) 138.90p -2.32%
Ocado Group (OCDO) 252.50p -2.28%
Tullow Oil (TLW) 247.20p -2.22%
Sports Direct International (SPD) 360.10p -2.09% |
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| | US Market Report | | US close: Stocks give up 3 days of gains as bond yields, oil fall US shares closed slightly lower on Thursday as the S&P 500 gave up three days of gains as bond yields and oil prices fell.
The S&P was down 3.61 points to 2,115, while the Dow Jones Industrial Average closed 19.52 points lower to 17,985 and the Nasdaq slipped 16 points to 4,958.
Oil prices slipped again as the dollar strengthened. Brent crude fell 0.97% to $50.58, while West Texas Intermediate was down 1.27% to $50.58 which in turn hit oil and energy equities.
Investors were holding back ahead of next week's Federal Reserve policy announcement. However, many expect the Fed will keep interest rates unchanged after a weak non-farm payrolls report last Friday and a dovish speech by chair Janet Yellen.
This led to a move towards treasuries on both sides of the Atlantic as uncertainty over the next US rate move and the potential exit of the UK from the European Union caused jitters.
On the data front, initial weekly jobless claims fell 4,000 to a seasonally adjusted 264,000 for the week ended 4, June, the Labor Department said, against forecasts of an increase to 270,000.
More recent labour market data on Wednesday showed job openings rose 2% to 5.8m, but hiring slipped for the second straight month to just under 5.1m.
"The sudden stop in employment growth rules out any chance of a rate hike from the Fed at next week's FOMC meeting, particularly now that the UK vote on whether to leave the European Union (EU) appears to be going down to the wire," said Capital Economics.
Among corporate stocks, Apple shares slid in early trade but recovered ground after the company said it will allow more apps to charge customers via subscriptions.
NRG Energy and Freeport McMoRan felt the pinch of the oil price fall, with both closing lower and the former suffering from a UBS downgrade to 'sell'.
Restoration Hardware Holdings plunged after the retailer late Wednesday said it swung to a first-quarter loss and lowered its guidance for 2016.
J Smucker tasted sweet to investors after posting a healthy rise in adjusted fourth quarter earnings which beat forecasts.
American Airlines shares flew higher after the company announced a 0.5% year-on-year rise in revenue passenger miles.
Boston Scientific Corp gained ahead of the bell on news it is restructuring to save the medical device maker up to $150m per year by 2020.
S&P 500 - Risers
J. M. Smucker Co. (SJM) $143.53 +8.15%
Southwestern Energy Co. (SWN) $14.77 +4.57%
Range Resources Corp. (RRC) $46.13 +3.73%
Cabot Oil & Gas Corp. (COG) $25.93 +3.62%
EQT Corp. (EQT) $77.74 +3.57%
Tyson Foods Inc. (TSN) $61.42 +2.78%
H&R Block Inc. (HRB) $21.59 +2.76%
American Airlines Group (AAL) $33.40 +2.75%
Ralph Lauren Corp (RL) $96.22 +2.65%
Hershey Foods Corp. (HSY) $96.17 +2.61%
S&P 500 - Fallers
NRG Energy Inc. (NRG) $16.59 -6.69%
Freeport-McMoRan Inc (FCX) $10.85 -6.30%
Best Buy Co. Inc. (BBY) $30.12 -4.14%
CF Industries Holdings Inc. (CF) $29.89 -3.84%
Bed Bath & Beyond Inc. (BBBY) $44.01 -3.33%
GameStop Corp. (GME) $27.32 -3.24%
Chesapeake Energy Corp. (CHK) $4.82 -3.12%
Chipotle Mexican Grill Inc. (CMG) $416.17 -3.03%
Legg Mason Inc. (LM) $33.31 -3.03%
Ryder System Inc. (R) $67.73 -2.97%
Dow Jones I.A - Risers
Nike Inc. (NKE) $54.86 +1.36%
Johnson & Johnson (JNJ) $117.13 +1.14%
Verizon Communications Inc. (VZ) $51.99 +0.91%
Apple Inc. (AAPL) $99.69 +0.76%
Procter & Gamble Co. (PG) $83.25 +0.73%
McDonald's Corp. (MCD) $122.92 +0.66%
Pfizer Inc. (PFE) $35.41 +0.46%
Coca-Cola Co. (KO) $45.76 +0.46%
Intel Corp. (INTC) $31.99 +0.31%
United Technologies Corp. (UTX) $102.28 +0.21%
Dow Jones I.A - Fallers
Caterpillar Inc. (CAT) $77.30 -1.04%
Goldman Sachs Group Inc. (GS) $153.35 -0.83%
American Express Co. (AXP) $65.74 -0.78%
JP Morgan Chase & Co. (JPM) $64.82 -0.67%
3M Co. (MMM) $170.35 -0.62%
Merck & Co. Inc. (MRK) $57.28 -0.60%
Microsoft Corp. (MSFT) $51.73 -0.60%
E.I. du Pont de Nemours and Co. (DD) $68.01 -0.53%
Visa Inc. (V) $81.33 -0.39%
International Business Machines Corp. (IBM) $153.49 -0.33%
Nasdaq 100 - Risers
American Airlines Group (AAL) $33.40 +2.75%
Nvidia Corp. (NVDA) $47.35 +2.53%
JD.com, Inc. (JD) $21.72 +2.24%
Ross Stores Inc. (ROST) $54.36 +1.70%
Yahoo! Inc. (YHOO) $37.38 +1.12%
Endo International Plc (ENDP) $17.91 +1.07%
Activision Blizzard Inc. (ATVI) $38.49 +0.97%
Intuitive Surgical Inc. (ISRG) $648.91 +0.94%
Akamai Technologies Inc. (AKAM) $55.43 +0.93%
Henry Schein Inc. (HSIC) $180.71 +0.88%
Nasdaq 100 - Fallers
Bed Bath & Beyond Inc. (BBBY) $44.01 -3.33%
Ctrip.Com International Ltd. Ads (CTRP) $40.85 -2.75%
Discovery Communications Inc. Class A (DISCA) $27.36 -2.43%
Tesla Motors Inc (TSLA) $230.01 -2.34%
Liberty Global plc Series C (LBTYK) $36.65 -2.24%
Discovery Communications Inc. Class C (DISCK) $26.30 -2.23%
Vodafone Group Plc ADS (VOD) $32.26 -2.10%
Gilead Sciences Inc. (GILD) $85.77 -1.89%
Vertex Pharmaceuticals Inc. (VRTX) $92.82 -1.87% |
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| | Newspaper Round Up | | Friday newspaper round-up: Boots, Brexit, Sky Boots has parted company with the boss of its UK operation weeks after a Guardian investigation revealed concerns about its business practices. The pharmacy chain's US parent company, Walgreens Boots Alliance, said Simon Roberts would be leaving in July "to pursue new opportunities". He has been with the company for 13 years, the last three as president of Boots. - The Guardian
Boris Johnson was last night accused by a Tory cabinet minister of being a fantasist obsessed with becoming prime minister, as a televised EU debate turned into a sustained personal attack on the former London mayor. David Cameron's allies rejoiced at the sight of Amber Rudd, energy secretary, trying to undermine the credibility of Mr Johnson, the talismanic leader of the campaign to take Britain out of the EU. - Financial Times
Fears that Sky could lose its title to a new team with wealthy owners have been dispelled after the British satellite broadcaster spent a record sum for the lion's share of German football rights. The four-year rights auction generated €4.64 billion (£3.63 billion) for the Bundesliga, an 85 per cent increase on the previous deal, making it the second-wealthiest football league in Europe. - The Times
Britain's final salary pension funds are facing a crippling £309billion shortfall that could see them forced to increase emergency payments by millions of pounds a year. The Pensions Regulator has revealed that the liabilities in these schemes have shot up by 35 per cent in the past three years, posing a threat to the retirements of tens of thousands of workers. - The Daily Mail
Many tenants renting privately are likely to be hit with rent increases following changes to the tax regime for landlords, according to a report to be published this Friday. Research by the lender Kent Reliance found that about a third of buy-to-let landlords intended to pass on increased costs to their tenants following the surcharge on stamp duty for second property owners and cap on tax relief for buy-to-let mortgages. - The Guardian
Government borrowing costs dropped to an all-time low yesterday while negative interest rates in Europe left banks considering the extraordinary step of hoarding banknotes to avoid central bank charges. Yields on 10-year gilts and 10-year German bunds dropped to record lows as investors worried about the sustainability of global growth. - The Times | | |
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