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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 nudge lower; Countrywide slumps again Stocks in London were just a touch weaker at the start of what's expected to be a fairly quiet day, with traders across the pond celebrating Thanksgiving.
At 0825 GMT, the FTSE was down 0.2% to 6,807.45. Meanwhile, oil prices were little changed as investors continued to look to next week's OPEC meeting in the hope that a production cut will be agreed. West Texas Intermediate and Brent crude were down 0.2% to $47.87 a barrel and $48.84, respectively.
Tony Cross, market analyst for TopTradr, said: "Activity could be a little subdued today with the US Thanksgiving holiday evidently limiting the volume of fundamentals we have on the table."
In corporate news, Legal & General pushed up after announcing the sale of its Netherlands business to London-listed pensions firm Chesnara for €160m.
Water company Severn Trent edged higher as it posted a 10.8% jump in interim profits before interest and tax to £299.4m.
Rio Tinto nudged up after chief executive Jean-Sébastien Jacques said the mining giant can boost cash flow by $5m over the next five years by a new "productivity drive".
Shares in Domino's Pizza were looking tasty after it increased its long-term target for expanding its UK store presence and reiterated its guidance for 2016 pre-tax profit.
Pub operator Marston's advanced as it said pre-tax profit and revenue for the year to 1 October grew.
On the downside, Countrywide tumbled as it issued its second profit warning this year, saying core earnings for 2016 would take a hit as a result of the UK's vote to leave the European Union. The stock had already fallen sharply on Wednesday after Chancellor Philip Hammond unveiled a clampdown on estate agent lettings fees.
Pets at Home fell despite reporting a rise in first-half pre-tax profit and revenues and lifting its interim dividend.
HSS Hire was sharply lower as it said it now expects earnings before interest, taxes and amortisation for the year to be above the prior year but below market views. |
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| Market Movers
FTSE 100 (UKX) 6,820.65 0.04%
FTSE 250 (MCX) 17,645.42 0.13%
techMARK (TASX) 3,280.14 0.08%
FTSE 100 - Risers
Direct Line Insurance Group (DLG) 359.40p 3.16%
Antofagasta (ANTO) 714.00p 1.85%
Intertek Group (ITRK) 3,237.00p 1.79%
Shire Plc (SHP) 4,659.00p 1.37%
3i Group (III) 674.50p 1.35%
Hikma Pharmaceuticals (HIK) 1,689.00p 1.08%
St James's Place (STJ) 950.00p 1.06%
Glencore (GLEN) 288.55p 0.87%
Anglo American (AAL) 1,246.50p 0.73%
Legal & General Group (LGEN) 236.40p 0.72%
FTSE 100 - Fallers
National Grid (NG.) 915.70p -1.72%
Vodafone Group (VOD) 197.60p -1.50%
Randgold Resources Ltd. (RRS) 5,600.00p -1.50%
Mediclinic International (MDC) 725.00p -1.02%
Babcock International Group (BAB) 946.50p -0.99%
DCC (DCC) 6,280.00p -0.71%
Polymetal International (POLY) 737.50p -0.47%
Sainsbury (J) (SBRY) 233.70p -0.47%
HSBC Holdings (HSBA) 639.90p -0.42%
Fresnillo (FRES) 1,239.00p -0.40%
FTSE 250 - Risers
Thomas Cook Group (TCG) 81.95p 3.73%
John Laing Group (JLG) 280.60p 2.63%
Millennium & Copthorne Hotels (MLC) 444.30p 2.61%
Pagegroup (PAGE) 376.70p 2.42%
Countryside Properties (CSP) 238.30p 2.41%
Keller Group (KLR) 803.00p 2.29%
Electrocomponents (ECM) 451.40p 2.10%
Rank Group (RNK) 205.40p 2.09%
IP Group (IPO) 145.10p 1.90%
Marston's (MARS) 138.50p 1.84%
FTSE 250 - Fallers
Countrywide (CWD) 167.80p -13.46%
Pets at Home Group (PETS) 221.60p -5.10%
TalkTalk Telecom Group (TALK) 155.80p -3.83%
FirstGroup (FGP) 103.50p -3.18%
Marshalls (MSLH) 281.60p -2.80%
Paragon Group Of Companies (PAG) 360.70p -2.65%
Hochschild Mining (HOC) 208.50p -2.52%
Sophos Group (SOPH) 239.40p -2.21%
Jardine Lloyd Thompson Group (JLT) 942.00p -2.18% |
| | UK Event Calendar | | Thursday November 24
INTERIMS
Babcock International Group, Caledonia Investments, Charles Stanley Group, Helical, Latham (James), Mothercare, PayPoint, Pets at Home Group , Severn Trent, TR Property Inv Trust, Worldwide Healthcare Trust
INTERIM DIVIDEND PAYMENT DATE
Centrica
INTERIM EX-DIVIDEND DATE
3i Infrastructure, Amec Foster Wheeler, Atkins (WS), B&M European Value Retail S.A. (DI), Castings, DCC, Ecofin Global Utilities and Infrastructure Trust , Great Portland Estates, Hill & Smith Holdings, Johnson Matthey, Liontrust Asset Management, Majestic Wine, Mckay Securities, Mediclinic International , National Grid, Shanks Group, TalkTalk Telecom Group , Tate & Lyle, UK Mail Group , Vodafone Group, Wynnstay Properties, Young & Co's Brewery 'A' Shares, Yu Group
QUARTERLY EX-DIVIDEND DATE
Blackrock North American Income Trust , Carnival, HICL Infrastructure Company Ltd, Regional REIT Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (GER) (07:00)
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
FINALS
Euromoney Institutional Investor, Marston's, UDG Healthcare Public Limited Company
EGMS
Falcon Acquisitions, Public Power GDR SA (Reg S)
AGMS
Andalas Energy And Power, CVS Group, Gemfields, JPMorgan Global Markets Emerging Income Trust, K3 Business Technology Group, Netcall, Seeing Machines Ltd., South32 Limited (DI) , SQN Asset Finance Income Fund Limited
TRADING ANNOUNCEMENTS
Euromoney Institutional Investor
UK ECONOMIC ANNOUNCEMENTS
BBA Mortgage Lending Figures (09:30)
FINAL DIVIDEND PAYMENT DATE
AIREA, Mulberry Group, Thorpe (F.W.), Wetherspoon (J.D.)
FINAL EX-DIVIDEND DATE
AB Dynamics, CVS Group, JPMorgan Japanese Inv Trust, Northern Venture Trust, River and Mercantile Group , Smart (J) & Co., St Ives, Utilitywise plc, World Careers Network
|
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| | US Market Report | | US close: Stocks close mixed as investors digest raft of data US markets on Wednesday had a mixed close ahead of the Thangsgiving holiday, with the Dow Jones reaching a record high.
The DJIA closed 59 points higher, while the S&P 500 was up 1.78 points. The Nasdaq Composite was 5.67 points lower as markets digested a raft of data, including the minutes of the November Federal Open Market Committee meeting which revealed officials saw a stronger case for raising rates.
"Some participants noted that recent committee communications were consistent with an increase in the target range for the federal funds rate in the near term or argued that to preserve credibility, such an increase should occur at the next meeting," the minutes stated.
Many officials said a rate rise could be appropriate "relatively soon" data permitting, it said.
Oil closed at almost $48 a barrel after as doubts grew over OPEC's ability to reach a deal on which producers will bear the brunt of planned production cuts.
Key in Wednesday´s data deluge was a 4.8% month-on-month jump in durable goods orders during October to reach $239.4bn.
Although the figures were somewhat distorted by a 94% surge in civilian aircraft orders, economists at Barclays Research saw signs for optimism in the data.
"Neither orders nor shipments have displayed a sustained upward movement that would indicate a near-term acceleration in equipment investment; however, this morning's report could be the first sign of the firming we would need for our investment forecast to be realized. Within the detail of the report, we see broad-based strength," Barclays´s Rob Martin said.
The data saw 10-year US Treasury yields jump eight basis points to 2.40%, pushing the dollar higher by 1.56% to 112.78 against the Japanese yen.
The University of Michigan´s final reading on consumer confidence for November also revealed the extent to which Donald Trump was enjoying the so-called 'honeymoon' period with investors following his surprise election win.
The survey jumped from 87.2 at the end of October to 93.8 for November (consensus: 91.6), according to the final data for the month.
Pharma, Biotech stocks hit
Eli Lilly tumbled after the company said a late-stage trial of a treatment for dementia in patients with Alzheimer's failed to meet its goal.
Shares in Juno Therapeutics fell sharply as the biopharmaceutical company said it has halted its Phase II clinical trial of the JCAR015 drug after two patients suffered cerebral edema earlier this week.
Shares in construction equipment maker Deere & Co were boosted on Wednesday after the company posted an impressive earnings beat in its fourth quarter report.
Net income attributable to Deere dropped to $285.3m, or 90 cents a share, in the fourth quarter ended in October from $351.2 million, or $1.08 a share from last year.
Dow Jones - Risers
Caterpillar Inc. (CAT) $96.18 2.73%
American Express Co. (AXP) $72.87 1.62%
Verizon Communications Inc. (VZ) $50.23 1.50%
United Technologies Corp. (UTX) $108.11 1.09%
Wal-Mart Stores Inc. (WMT) $70.81 1.01%
Unitedhealth Group Inc. (UNH) $153.54 0.84%
Travelers Company Inc. (TRV) $113.07 0.60%
Goldman Sachs Group Inc. (GS) $212.31 0.57%
Walt Disney Co. (DIS) $98.25 0.56%
General Electric Co. (GE) $31.34 0.51%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $60.39 -1.19%
E.I. du Pont de Nemours and Co. (DD) $70.34 -0.83%
Intel Corp. (INTC) $35.19 -0.83%
Nike Inc. (NKE) $51.34 -0.72%
Coca-Cola Co. (KO) $41.12 -0.60%
Cisco Systems Inc. (CSCO) $29.71 -0.60%
Apple Inc. (AAPL) $111.22 -0.51%
Visa Inc. (V) $79.57 -0.45%
International Business Machines Corp. (IBM) $161.98 -0.42%
Merck & Co. Inc. (MRK) $61.64 -0.10%
S&P 500 - Risers
Deere & Co. (DE) $102.17 11.04%
GameStop Corp. (GME) $26.05 8.09%
Freeport-McMoRan Inc (FCX) $16.21 7.21%
Jacobs Engineering Group Inc. (JEC) $61.69 4.00%
Southwestern Energy Co. (SWN) $11.50 3.98%
United Rentals Inc. (URI) $97.24 3.50%
Signet Jewelers Ltd (SIG) $93.86 3.38%
Wynn Resorts Ltd. (WYNN) $101.32 3.28%
Range Resources Corp. (RRC) $36.78 3.20%
Chesapeake Energy Corp. (CHK) $6.64 3.11%
S&P 500 - Fallers
Urban Outfitters Inc. (URBN) $34.31 -12.05%
Eli Lilly and Company (LLY) $68.00 -10.51%
HP Inc (HPQ) $14.86 -6.77%
Newmont Mining Corp. (NEM) $31.50 -5.12%
Biogen Inc (BIIB) $305.93 -3.83%
CenturyLink Inc. (CTL) $24.40 -3.33%
Cognizant Technology Solutions Corp. (CTSH) $51.86 -2.48%
Amer Water Works (AWK) $72.49 -2.23%
Salesforce.Com Inc. (CRM) $73.95 -2.14%
Mondelez International Inc. (MDLZ) $42.50 -2.07%
Nasdaq 100 - Risers
Biomarin Pharmaceutical Inc. (BMRN) $88.10 3.13%
Liberty Interactive Corporation QVC Group (QVCA) $22.13 2.64%
Electronic Arts Inc. (EA) $79.35 2.06%
PACCAR Inc. (PCAR) $61.98 2.02%
Mattel Inc. (MAT) $32.02 1.78%
Alexion Pharmaceuticals Inc. (ALXN) $118.92 1.62%
Mylan Inc. (MYL) $36.85 1.46%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $262.02 1.40%
Vertex Pharmaceuticals Inc. (VRTX) $87.34 1.32%
Fiserv Inc. (FISV) $107.60 1.21%
Nasdaq 100 - Fallers
Biogen Inc (BIIB) $305.93 -3.83%
Cognizant Technology Solutions Corp. (CTSH) $51.86 -2.48%
Liberty Global plc Series C (LBTYK) $31.25 -2.48%
Ctrip.Com International Ltd. Ads (CTRP) $40.99 -2.10%
Mondelez International Inc. (MDLZ) $42.50 -2.07%
Liberty Global plc Series A (LBTYA) $32.31 -2.06%
Kraft Heinz Co. (KHC) $82.44 -1.96%
Sba Communications Corp. (SBAC) $100.49 -1.46%
Skyworks Solutions Inc. (SWKS) $78.31 -1.32% |
| | Q4 Top 10 Stock Picks | | Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market in Q4. Download this report today Losses can exceed deposits |
| | Newspaper Round Up | | Thursday newspaper round-up: Autumn Statement, insurers, Barclays, EDF Philip Hammond delivered his Autumn Statement bearing the scars of Brexit, but determined not to submit meekly to projections of a weaker economy and public finances. The chancellor's strategy raised four important economic questions. What is the likely cost of Brexit? How much headroom has Mr Hammond created for the years ahead? Will he achieve his ambition to improve housing, productivity and regional imbalances? And what is the lasting effect of the vote to leave the EU? - Financial Times
Insurers have hit out at plans to increase insurance premium tax for the third time in 18 months, a move that is expected to raise more than £4bn for the Treasury but which was branded "a hammer blow for the hard pressed" by critics. IPT is added to about 50m car, home, private medical insurance and pet policies every year. - Telegraph
The travel search website Skyscanner has been bought by Chinese counterpart Ctrip.com in a deal worth £1.4bn (US$1.74bn). Ctrip.com International, China's biggest online travel company, said it had agreed to buy Scotland-based Skyscanner Holdings. - Guardian
As the clock ticks down to Black Friday, aggressive promotions on everything from 4K TVs to tablet computers and winter coats could be the last hurrah for shoppers before price hikes in 2017. After bargain-hunting consumers went on the rampage on Black Friday in 2014, fighting in the aisles for cut-price widescreen televisions, last year it was a much tamer affair, as shoppers retreated to the safety of seeking the best bargains online. - Guardian
A top Barclays financier was dismissed after an interview he gave to the Serious Fraud Office as part of a criminal investigation into the bank's Qatari capital-raising was passed to the lender, a London tribunal has been told. Richard Boath, former chairman of financial institutions at Barclays, is set to claim at an employment tribunal that he was dismissed as a direct result of the SFO's decision to hand over a transcript of the interview from 2014 to the bank, his lawyer said. - The Times
EDF has delayed the restart of two nuclear reactors in France after a safety investigation that has thrown the country's state-controlled nuclear industry into crisis. French electricity prices surged by 9 per cent yesterday after the French energy company said that the restart of its 900 megawatt Dampierre 3 and 1,500 megawatt Civaux 2 reactors had been postponed until December 31, a time when electricity demand is close to its annual peak. - The Times |
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