| | | | | | | GlaxoSmithKline vs. AstraZeneca This report looks at the two largest UK pharmaceutical companies, both of which are at 2017 lows, and asks which is the better buy, if either has further to fall, which stock is right for you, and what are the city analysts saying? Losses can exceed deposits. Download your report 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 close: Markets finish in positive territory as investors look to Jackson Hole London stocks held on to small gains by the close on Thursday, helped along by a solid performance in the mining sector even as the latest reading on the UK economy confirmed sluggish growth in the second quarter.
The FTSE 100 was up 0.33% or 24.41 points at 7,407.06, with heavily-weighted miners contributed much of the gains. Rio Tinto, BHP Billiton and Antofagasta were all in the green.
European markets all closed higher, shaking off Wednesday's comments from US President Donald Trump, concerning the shutdown of the US federal government if funding was not provided to build a wall along the US southern border with Mexico.
The German DAX was up 0.05% to 12,180.83, while the French CAC 40 bucked the trend closing 0.04% lower to 5,113.13. Over in Spain, the IBEX 35 closed higher to 10,357.40.
Meanwhile, the pound was up 0.05% versus the euro to 1.0847, having fallen to an eight-year low against the single currency on Wednesday and was 0.04% higher versus the greenback at 1.2805.
The Office for National Statistics (ONS) confirmed in its second estimate that UK GDP rose 0.3% in the three months to June when compared to the previous quarter, up from 0.2% in the first three months of the year.
Yet it remained among the lowest rates in Europe amid a slowdown in household spending and business investment with growth largely dependent on government spending.
Low UK growth, which was half that of the 0.6% seen by the Eurozone in the same quarter, meaning Britain was the slowest growing G7 economy thus far in 2017, came amid a slowdown in household spending to just 0.1% from 0.4% in the first quarter while business investment stagnated after the 0.6% expansion observed in the first three months of the year.
Private consumption growth slowed to its weakest rate since the end of 2014, not helped as real wages fell 0.5% in the quarter in spite of a 42-year low in unemployment, although government spending and public investment were fairly strong.
Oanda analyst Craig Erlam said: "It's clear that while the economy has not nose-dived, it is suffering in the aftermath of the Brexit vote. The pound fell initially after the data but quickly recovered to trade off its lows just below 1.28 against the dollar. The pair remains under pressure though and should this support break, 1.26 could be on the cards."
Meanwhile, the latest quarterly distributive trades survey from the Confederation of British Industry (CBI) showed retail sales in the UK fell unexpectedly in the year to August as inflation continued to bite. The retail sales balance fell to -10 - its lowest level since July 2016 - from +22 in the month before, missing expectations for a reading of +20.
In corporate news, Dixons Carphone bucked the positive trend, tumbling after warning that profits for the full-year would fall well short of expectations due to a new business model of its sales software, adding that the UK mobile phone market was proving "more challenging".
Gambling software development company Playtech climbed after saying revenues jumped 30% at constant currencies during its first half to €421.6m, with adjusted EBITDA rising 24% by the same measure to €170.9m.
Greencore was in the red as it tried to reassure investors it was on track following recent share price weakness. The company said it was not aware of any developments since its third-quarter update that changed the outlook.
EasyJet flew lower after a downgrade to 'underperform' at Exane BNP Paribas, while Hikma, Berkeley Group, and Cineworld were all weaker as their stock went ex-dividend. Dixons Carphone was also ex-div on Thursday.
It wasn't all bad news, however, with building materials group CRH rallying as it posted a 27% jump in first-half pre-tax profit and announced an agreement to sell its Americas distribution division to Beacon Roofing Supply for $2.63bn in cash.
Subprime lender Provident Financial surged just over 13%, recouping some of its losses from earlier in the week when it tanked 66% on the back of a quadruple whammy of bad news that included a profit warning.
OneSavings edged higher after posting a 20% increase in underlying first-half pre-tax profit to £78.4m, beating expectations of £76.8m.
Oilfield services company Hunting gushed higher as it reported a narrower loss for the first half, while Phoenix Group was on the front foot after posting a jump in first-half operating profit. |
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| Market Movers
FTSE 100 (UKX) 7,407.06 0.33%
FTSE 250 (MCX) 19,710.30 -0.17%
techMARK (TASX) 3,389.30 -0.06%
FTSE 100 - Risers
Provident Financial (PFG) 748.00p 13.16%
CRH (CRH) 2,793.00p 3.83%
WPP (WPP) 1,462.00p 2.96%
Mediclinic International (MDC) 754.50p 2.51%
British American Tobacco (BATS) 4,840.00p 2.36%
Persimmon (PSN) 2,631.00p 1.98%
Antofagasta (ANTO) 1,014.00p 1.81%
BAE Systems (BA.) 602.00p 1.69%
Fresnillo (FRES) 1,589.00p 1.60%
Taylor Wimpey (TW.) 197.00p 1.39%
FTSE 100 - Fallers
easyJet (EZJ) 1,214.00p -4.41%
Whitbread (WTB) 3,702.00p -2.60%
Marks & Spencer Group (MKS) 316.40p -1.92%
TUI AG Reg Shs (DI) (TUI) 1,308.00p -1.65%
Next (NXT) 4,104.00p -1.25%
Shire Plc (SHP) 3,695.00p -1.23%
Babcock International Group (BAB) 806.00p -1.23%
G4S (GFS) 290.80p -1.09%
Lloyds Banking Group (LLOY) 64.73p -1.02%
Ferguson (FERG) 4,540.00p -0.92%
FTSE 250 - Risers
Carillion (CLLN) 46.99p 10.41%
Sophos Group (SOPH) 515.00p 4.10%
Ashmore Group (ASHM) 372.70p 3.27%
Ferrexpo (FXPO) 294.30p 3.23%
Kaz Minerals (KAZ) 815.00p 2.71%
NMC Health (NMC) 2,663.00p 2.70%
Sanne Group (SNN) 780.00p 2.56%
Assura (AGR) 66.95p 2.53%
Vesuvius (VSVS) 583.50p 2.28%
Hunting (HTG) 427.20p 2.27%
FTSE 250 - Fallers
Dixons Carphone (DC.) 180.80p -23.16%
Greencore Group (GNC) 190.00p -8.65%
JD Sports Fashion (JD.) 314.50p -5.73%
Petrofac Ltd. (PFC) 422.00p -4.09%
AA (AA.) 169.30p -3.86%
Tullow Oil (TLW) 155.90p -3.78%
CLS Holdings (CLI) 215.00p -3.54%
Restaurant Group (RTN) 340.40p -3.35%
B&M European Value Retail S.A. (DI) (BME) 365.00p -2.69%
Euromoney Institutional Investor (ERM) 1,070.00p -2.54% |
| | Market Analysis 24/08/2017 Today's highlights: Wall Street lower following Trump’s threat - Trump’s threat pushes Wall Street down: The Dow Jones, S&P 500 and Nasdaq all finished lower yesterday following a threat from the US President, saying he will shut down the government if he doesn’t receive support for building a wall on the Mexican border.
- Litecoin debuts on eToro with a bang: The cryptocurrency climbed nearly 20% during its first day of trading on the eToro platform, followed by a slight correction this morning.
Read More... |
| | Barclays Vs Lloyds - Which is a better Buy? | | Barclays and Lloyds are two of the UK’s most popular stocks.
But which is the better buy?
In this Complimentary Guide we explain in plain English what’s really going on at these key British Banks.
Find out:
Are Lloyds shares set to rocket?
Why Barclays has a ‘secret weapon’ that could unlock serious value
How do they compare in value and safety?
What you’re about to find out may surprise you…
Click here for your Complimentary Guide |
| | US Market Report | | US open: Trump border wall threat, mixed data weigh on sentiment Wall Street stumbled shortly after the start of trading amid mixed economic data and after president Donald Trump appeared to threatened with a shutdown of the federal government unless funding could be found for his initiative to extend the border wall with Mexico.
At 1513 BST, the Dow Jones Industrial Average was down by 0.28% or 60.44 points at 21,840.10, while the S&P 500 was falling 0.29% or 7.05 points to 2,445.44 and the Nasdaq Composite was retreating 0.32% or 20.06 points to 6,276.84.
Jasper Lawler, senior analyst at LCG, commented: "This is signature Donald Trump. We think this is basically a bluff by Trump to get his 'Great Wall' back on the agenda and show some political rebellion following his foreign policy capitulation in Afghanistan. Trump wouldn't want a government shutdown because he feels compelled to put across the image of America "winning" under his Presidency. A government shutdown symbolises failed leadership."
In economic news, new home sales in the States crashed by 9.4% on the month in July to reach an annualised pace of 571,000, which was well below the 610,000 forecast by economists.
Nevertheless, Ian Shepherdson at Pantheon Macroeconomics noted how data for the previous three months had been revised up by a combined 46,000.
"With the labor market strong, the biggest threat to the new homes market right now is the tightening of mortgage lending standards in recent months, though we don't expect that to continue," he added.
However, IHS Markit's composite manufacturing and service sector purchasing managers' index jumped from a reading of 54.7 for July to 56.9 in August - a 27-month high.
The service sector PMI was the reason behind the gain, rising from 54.7 in the month before to 56.9 - a 28-month high.
Still on the macroeconomic calendar, market participants were also be watching out for a speech by Dallas Fed President Robert Kaplan in Texas. Kaplan is one of the policymakers that has become increasingly concerned about a lack of inflation and recently suggested he may be willing to wait before raising interest rates again.
In corporate news, Lowe's shares slumped after its second-quarter earnings and sales fell short of analysts' expectations. Adjusted earnings per share came in at $1.57 versus expectations of $1.61, while revenue was $19.5bn compared with an estimate of $19.53bn.
Cloud software company Salesforce.com on the other hand was on the front foot on the heels of better-than-expected earnings published late on Tuesday.
American Eagle Outfitters was higher after beating the Street consensus.
Dow Jones - Risers
International Business Machines Corp. (IBM) $142.96 1.39%
Verizon Communications Inc. (VZ) $48.59 0.51%
Chevron Corp. (CVX) $106.89 0.49%
Wal-Mart Stores Inc. (WMT) $80.39 0.46%
JP Morgan Chase & Co. (JPM) $91.97 0.45%
United Technologies Corp. (UTX) $116.16 0.41%
Pfizer Inc. (PFE) $33.26 0.33%
Cisco Systems Inc. (CSCO) $31.37 0.32%
E.I. du Pont de Nemours and Co. (DD) $83.22 0.25%
Merck & Co. Inc. (MRK) $62.55 0.21%
Dow Jones - Fallers
Home Depot Inc. (HD) $147.67 -1.49%
3M Co. (MMM) $203.26 -1.07%
Johnson & Johnson (JNJ) $133.46 -0.92%
General Electric Co. (GE) $24.39 -0.85%
Boeing Co. (BA) $238.04 -0.71%
Visa Inc. (V) $103.36 -0.68%
Caterpillar Inc. (CAT) $115.03 -0.68%
Walt Disney Co. (DIS) $102.12 -0.63%
Nike Inc. (NKE) $53.84 -0.54%
McDonald's Corp. (MCD) $158.79 -0.53%
S&P 500 - Risers
Frontier Communications Co. (FTR) $12.43 3.20%
CenturyLink Inc. (CTL) $20.32 2.11%
Western Digital Corp. (WDC) $88.36 1.97%
Diamond Offshore Drilling Inc. (DO) $10.76 1.85%
Alcoa Corporation (AA) $40.50 1.84%
Symantec Corp. (SYMC) $29.22 1.60%
Urban Outfitters Inc. (URBN) $19.77 1.59%
Tractor Supply Company (TSCO) $57.06 1.59%
Bed Bath & Beyond Inc. (BBBY) $27.80 1.57%
United States Steel Corp. (X) $24.63 1.55%
S&P 500 - Fallers
Lowe's Companies Inc. (LOW) $71.53 -5.66%
Omnicom Group Inc. (OMC) $74.67 -4.43%
Stryker Corp. (SYK) $139.41 -4.19%
Interpublic Group of Companies Inc. (IPG) $20.11 -3.78%
Seagate Technology Plc (STX) $31.09 -3.70%
American Airlines Group (AAL) $44.11 -2.86%
Southwest Airlines Co. (LUV) $51.95 -2.78%
Kansas City Southern (KSU) $105.80 -2.58%
Endo International Plc (ENDP) $8.17 -2.51%
Delta Airlines Inc. (DAL) $46.07 -2.29%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $88.36 1.97%
Symantec Corp. (SYMC) $29.22 1.60%
Tractor Supply Company (TSCO) $57.06 1.59%
Ctrip.Com International Ltd. Ads (CTRP) $53.21 1.33%
Nvidia Corp. (NVDA) $164.51 1.21%
Tesla Inc (TSLA) $345.12 1.10%
JD.com, Inc. (JD) $42.61 1.09%
Xilinx Inc. (XLNX) $61.96 1.00%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $57.44 0.95%
Maxim Integrated Products Inc. (MXIM) $44.81 0.95%
Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $31.09 -3.70%
American Airlines Group (AAL) $44.11 -2.86%
CSX Corp. (CSX) $48.80 -2.24%
Vertex Pharmaceuticals Inc. (VRTX) $152.43 -1.96%
Wynn Resorts Ltd. (WYNN) $133.71 -1.79%
Alexion Pharmaceuticals Inc. (ALXN) $135.90 -1.66%
Biogen Inc (BIIB) $282.76 -1.38%
Liberty Global plc Series A (LBTYA) $33.93 -1.34%
Paypal Holdings Inc (PYPL) $60.03 -1.33% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Hurricane Energy: is this a buying opportunity? | | Every now and then a small stock with a big story captures the investing public’s imagination.
And without a doubt, Hurricane Energy has a big story to tell.
In this Complimentary Guide we throw a spotlight on Hurricane Energy Plc.
Find out:
How Hurricane’s ‘exploration niche’ has transformed North Sea oil
What’s the single biggest risk the stock faces?
What two major events are due in the coming months?
Are the shares worth buying here?
Get the full facts now…
Click here for your Complimentary Guide
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