| | | | | | | The Top Stock Picks for 2017 This comprehensive report looks the 10 hottest prospects for the coming 12-months, asks whether 2017 will pick up where 2016 left off, covers the trailblazers, rangers, and a potential comeback king, and provides broker consensus and an average target price for each stock assessed. Download here 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 edge lower after Thursday's record close London stocks edged lower at the start of the last trading session of the year- a half day - after the index closed at a fresh record high in the previous session.
At 0830 GMT, the FTSE 100 was down 0.2% at 7,109.26.
On Thursday, the index closed at a fresh high of 7,120.26, boosted by precious metals miners such as Fresnillo and Randgold Resources, as gold prices advanced.
Mike van Dulken, head of research at Accendo Markets, said: "Note resistance-turned-support building around 7,110 which keeps us above 7,100 and maintains the rising channel since mid-month which bodes well for further upside (another record today?). Bulls want to see overnight highs of 7,123 bettered to inspire hopes that record intraday (7,130) and out-of-hours highs (7,135) can be challenged.
"Bears need to see current support at 7,110 give way."
Meanwhile, oil prices ticked higher after data from the US Energy Information Administration showed crude inventories rose by 614,000 barrels in the week 23 December, compared with expectations for a 1.2m barrel contraction. West Texas Intermediate and Brent crude were up 0.4% to $53.99 and $57.10 a barrel, respectively.
With many traders away from their desks in the run-up to the New Year, volumes were light and corporate news was thin on the ground.
Property developer Hammerson inched higher after saying it will sell its 50% stake in the Watermark leisure and dining site near the Westquay shopping centre in Southampton to GIC, Singapore's sovereign wealth fund and the company's Westquay joint venture partner, for £48.5m.
The tenure of the Westquay joint venture will also been extended, with Hammerson receiving a fee from the joint venture for the ongoing management of the shopping centre and the deal is expected to complete before the end of the year.
Elsewhere, Royal Bank of Scotland was in focus following reports that small investors in the bank are pushing for it to set up a shareholder committee to give them a bigger say in areas such as executive pay.
There are no UK data releases of note due, but in the US, the Chicago purchasing managers' index is at 1445 GMT. |
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| | 2016 market review One City commentator provided what may prove the pithiest and most accurate summary of the last 12 months: “2016 – not for the faint-hearted.” Remarkably, he was speaking not at the end of the year but close to its beginning, when the big story was an apparently endless share price crash on the Shanghai stock market, and associated fears that the emerging market boom had very definitely gone bust. Read More... |
| Market Movers
FTSE 100 (UKX) 7,109.26 -0.15%
FTSE 250 (MCX) 18,008.21 -0.12%
techMARK (TASX) 3,360.84 -0.27%
FTSE 100 - Risers
Convatec Group (CTEC) 239.00p 1.70%
Intertek Group (ITRK) 3,452.00p 0.58%
Next (NXT) 4,967.00p 0.47%
British American Tobacco (BATS) 4,616.50p 0.44%
Whitbread (WTB) 3,750.00p 0.43%
Standard Chartered (STAN) 654.50p 0.41%
Coca-Cola HBC AG (CDI) (CCH) 1,739.00p 0.40%
Randgold Resources Ltd. (RRS) 6,440.00p 0.39%
Royal Mail (RMG) 458.80p 0.37%
Associated British Foods (ABF) 2,739.00p 0.33%
FTSE 100 - Fallers
Shire Plc (SHP) 4,594.00p -0.85%
St James's Place (STJ) 996.00p -0.80%
Tesco (TSCO) 204.80p -0.78%
Sage Group (SGE) 653.50p -0.76%
Fresnillo (FRES) 1,215.00p -0.74%
BAE Systems (BA.) 591.00p -0.67%
Vodafone Group (VOD) 199.10p -0.65%
Smiths Group (SMIN) 1,402.00p -0.64%
BP (BP.) 508.00p -0.63%
Royal Dutch Shell 'B' (RDSB) 2,344.00p -0.59%
FTSE 250 - Risers
Hastings Group Holdings (HSTG) 253.20p 2.34%
Evraz (EVR) 224.10p 2.33%
PayPoint (PAY) 1,015.00p 2.32%
Acacia Mining (ACA) 381.50p 2.20%
International Personal Finance (IPF) 174.60p 1.51%
Ferrexpo (FXPO) 135.70p 1.34%
Vectura Group (VEC) 138.60p 1.24%
Hochschild Mining (HOC) 213.50p 1.04%
Marshalls (MSLH) 289.17p 0.93%
BGEO Group (BGEO) 2,954.00p 0.85%
FTSE 250 - Fallers
Euromoney Institutional Investor (ERM) 1,107.00p -4.16%
Renishaw (RSW) 2,435.00p -2.72%
Synthomer (SYNT) 374.50p -2.30%
Ted Baker (TED) 2,757.00p -2.20%
Allied Minds (ALM) 450.00p -2.17%
IP Group (IPO) 172.90p -2.15%
Countryside Properties (CSP) 235.00p -1.96%
Jardine Lloyd Thompson Group (JLT) 967.00p -1.58%
Nostrum Oil & Gas (NOG) 377.90p -1.33% |
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| | Friday December 30
INTERIM DIVIDEND PAYMENT DATE
Clipper Logistics , First Property Group, Helical, Kainos Group , Palace Capital
QUARTERLY PAYMENT DATE
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INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
AGMS
BOS Global Holdings Limited (DI), K&C Reit , Red Rock Resources, Regency Mines, Secure Property Development & Investment (DI) |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks nudge lower in thin volumes; Monte dei Paschi in focus again European stocks nudged lower in thin volumes on the last trading day of the year, with little in the way of news to move markets either way.
At 0850 GMT, the benchmark Stoxx Europe 600 index was down 0.1%, while Germany's DAX and France's CAC 40 were 0.2% lower.
Meanwhile, oil prices ticked higher after data from the US Energy Information Administration showed crude inventories rose by 614,000 barrels in the week 23 December, compared with expectations for a 1.2m barrel contraction. West Texas Intermediate and Brent crude were up 0.3 % to $53.94 and $57.05 a barrel, respectively.
On the corporate front, troubled Italian lender Banca Monte dei Paschi di Siena was in focus again after the European Commission on Thursday approved a six-month extension to allow the government to revamp its banking system. In addition, newspaper reports on Friday suggested the bank is planning to issue €15bn of debt next year to restore liquidity and lift investor confidence.
Switzerland's Actelion nudged higher amid reports Johnson & Johnson is considering breaking the company up if it acquires it.
Property developer Hammerson inched higher after saying it will sell its 50% stake in the Watermark leisure and dining site near the Westquay shopping centre in Southampton to GIC, Singapore's sovereign wealth fund and the company's Westquay joint venture partner, for £48.5m.
Elsewhere, Royal Bank of Scotland was just a touch firmer following reports that small investors in the bank are pushing for it to set up a shareholder committee to give them a bigger say in areas such as executive pay. |
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| | Newspaper Round Up | | Friday newspaper round-up: Tandem, petrol prices, Amazon, M&A House of Fraser is planning to invest as much as £35m in digital challenger bank Tandem as part of a tie-up that will see the upstart lender offer services to shoppers at the department store chain. The retailer, which was bought by Chinese conglomerate Sanpower in a £480m deal in 2014, is planning to offer "financial solutions" to its customers through Tandem. The chain will outline more details of the partnership when it lays out its broader five-year strategic plan in the first-half of next year. - Telegraph
Petrol prices are rising sharply in the first signs of what could be a new wave of inflation, putting pressure on household budgets and potentially slowing the economy down. Fuel cost 7.4pc more in November than it did a year earlier, according to Asda's income tracker, as official figures showed inflation hit a two-year high of 1.2pc. - Telegraph
Working people in Britain must get a "new bargain" in 2017 that gives them a fairer share of the country's economic gains and that turns the tide in an increasingly precarious jobs market, the head of the Trades Union Congress has urged. In her new year's message, Frances O'Grady also pressed the government to ensure workers' rights are maintained and expanded as the UK prepares to leave the EU, and warned of the threat of "bad bosses" using Brexit to water down rules such as protections from working excessive hours. - Guardian
Amazon has filed a patent for flying warehouses that could use a fleet of drones to make deliveries to customers. A patent document filed in 2014 in the US describes giant airships as "airborne fulfilment centres" (AFCs) that could be stationed above metropolitan areas and used to store and quickly deliver items at times of high demand, using drones dispatched directly from the airship. - Guardian
Mergers and acquisitions involving British companies have plummeted by more than 50 per cent this year after a string of global events including the Brexit vote sharply depressed dealmaking activity. In the worst performance for three years, M&A deal volumes in Britain fell to $355 billion, a steep drop from $603 billion last year, according to data from Dealogic. In 2014 almost $390 billion of deals were agreed. - The Times
The Leeds-based lender considering a bid for more than 300 branches being sold by the Royal Bank of Scotland has hired two senior executives from the state-backed lender as it looks to bulk up its team ahead of a formal offer. CYBG, the owner of Clydesdale Bank and Yorkshire Bank, has hired Mark Fisher, a former manager at RBS and the executive responsible for managing its merger with NatWest more than a decade ago, as a consultant ahead of a bid for Williams & Glyn. - The Times | | |
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