| | | | | | | 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 open: Stocks rise but Provident Financial tanks on profit warning London stocks rose in early trade as well-received results from the likes of Persimmon and BHP Billiton helped to offset another profit warning from sub-prime lender Provident Financial.
At 0830 BST, the FTSE 100 was up 0.6% to 7,365.34, while the pound was down 0.3% against the dollar at 1.2868.
Shares in FTSE 100-listed Provident Financial tanked as it issued its second profit warning in two months and announced the resignation of its chief executive and the withdrawal of its dividend as the rate of progress in the turnaround of the home credit business has been "too weak".
Petrofac slipped after announcing the sale of its 50% stake in the Panuco oil field in Mexico to Schlumberger, while Wood Group nudged down following weaker-than-expected first-half earnings.
Nevertheless, there were a number of bright spots on the corporate front helping to propel the FTSE higher.
Housebuilder Persimmon gained ground after it reported a 30% improvement in its profit before tax in the six months to 30 June on Tuesday, to £457.4m.
BHP Billiton rallied as it said it swung back to a profit for the full year and upped its final dividend, while Antofagasta advanced after posting a jump in earnings for the first half as revenues rose amid higher copper prices.
Cairn Energy edged higher after saying it swung to a profit in the six months to the end of June.
On the macroeconomic calendar, public sector net borrowing figures are at 0930 BST, while the CBI industrial trends survey is at 1100 BST.
CMC Markets analyst Michael Hewson said: "Today's borrowing numbers for July are expected to show a modest increase of £0.2bn, a significant improvement on June's £6.9bn, helped by improved tax receipts.
"We'll also get a look at the latest CBI industrial orders data after an extremely positive number in July boosted confidence in the manufacturing sector, and showed output growing at its fastest rate since the mid-1990s. August is expected to show a slight slowdown to 8 from 10 in July, but nonetheless is expected to largely sustain the positive trend seen a month ago."
Investors will also be looking ahead to the annual banking conference in Jackson Hole, which kicks off on Thursday. |
| | How to profit from Range Trading | | This report provides a guide on how to outwit the professionals by trading stocks in ranges, as well as analysing BP, Randgold, Tesco and BHP Billiton - four of the most attractive FTSE 100 stocks that range-trading right now. Losses can exceed deposits. Download your report here |
| Market Movers
FTSE 100 (UKX) 7,365.34 0.63%
FTSE 250 (MCX) 19,685.72 0.20%
techMARK (TASX) 3,372.39 0.48%
FTSE 100 - Risers
Persimmon (PSN) 2,634.00p 3.05%
BHP Billiton (BLT) 1,393.50p 2.01%
Whitbread (WTB) 3,867.00p 1.95%
Shire Plc (SHP) 3,678.00p 1.80%
Antofagasta (ANTO) 970.00p 1.62%
Rio Tinto (RIO) 3,505.00p 1.43%
Micro Focus International (MCRO) 2,270.00p 1.20%
WPP (WPP) 1,579.00p 1.15%
Coca-Cola HBC AG (CDI) (CCH) 2,578.00p 1.14%
Old Mutual (OML) 205.60p 1.08%
FTSE 100 - Fallers
Provident Financial (PFG) 960.00p -44.99%
Worldpay Group (WPG) 420.70p -0.28%
Randgold Resources Ltd. (RRS) 7,430.00p -0.27%
Taylor Wimpey (TW.) 194.90p -0.05%
Centrica (CNA) 199.80p -0.05%
Sky (SKY) 955.00p -0.00%
RSA Insurance Group (RSA) 655.50p 0.00%
Croda International (CRDA) 3,810.00p 0.00%
Johnson Matthey (JMAT) 2,768.00p 0.00%
United Utilities Group (UU.) 899.00p 0.00%
FTSE 250 - Risers
Telecom Plus (TEP) 1,180.00p 2.97%
Marshalls (MSLH) 414.50p 2.55%
IP Group (IPO) 135.60p 2.03%
Ferrexpo (FXPO) 283.70p 1.79%
Savills (SVS) 889.50p 1.66%
Kaz Minerals (KAZ) 743.50p 1.64%
Unite Group (UTG) 683.50p 1.26%
CYBG (CYBG) 292.60p 1.25%
Just Group (JUST) 154.30p 1.11%
Pets at Home Group (PETS) 184.90p 1.09%
FTSE 250 - Fallers
Brewin Dolphin Holdings (BRW) 346.80p -2.45%
Hikma Pharmaceuticals (HIK) 1,144.00p -2.39%
Coats Group (COA) 74.00p -1.40%
Homeserve (HSV) 710.50p -1.18%
Carillion (CLLN) 49.46p -1.18%
FDM Group (Holdings) (FDM) 911.00p -0.98%
Aldermore Group (ALD) 223.30p -0.89%
Sports Direct International (SPD) 403.30p -0.84%
Wood Group (John) (WG.) 570.00p -0.78% |
| | UK Event Calendar | | Tuesday August 22
INTERIMS
AFI Development, Antofagasta, Cairn Energy, Cape, Empresaria Group, Hostelworld Group , Inspired Energy, Kenmare Resources, Ossiam Lux Ossiam ETF Shiller Barclays Cape EU-EUR, Persimmon, Quantum Pharma, Wood Group (John)
INTERIM DIVIDEND PAYMENT DATE
Dewhurst
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
House Price Index (US) (14:00)
U. of Michigan Confidence (US) (15:00)
FINALS
BHP Billiton
AGMS
Albion Enterprise VCT, Puma VCT 10 , Puma VCT 9
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
|
| | Market Analysis 22/08/2017 Today’s highlights: Markets display upward trend - Slight gains on Wall Street skip tech sector: After two straight losing weeks, both the Dow Jones and the S&P 500 opened the trading week in gains. However, the tech sector was sluggish yesterday, causing the Nasdaq to finish the day in the red.
- Asia seen higher: Markets in the East followed Wall Street’s lead and registered gains this morning. Both Japan’s Nikkei and the China50 index were seen higher this morning.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks retrace previous day's losses Stocks are retracing their losses from the previous day as investors bide their time ahead of the start of the US central bank's annual Jackson Hole symposium on Thursday.
As of 0858 BST, the benchmark Stoxx 600 was 0.53% or 1.98 points higher to 374.70, alongside a rise of 0.66% or 79.15 points to 12,145.66 for the German Dax and a 0.50% or 25.50 point advance in the Cac-40 to 5,113.16.
In parallel, euro/dollar was 0.29% lower at 1.1781.
"Calls for a positive European open come following positive leads from Wall Street and Asia, despite relatively low volumes, complemented by the US dollar recovering from 1-week lows overnight ahead of the beginning of the Fed's Jackson Hole symposium on Thursday," commented Henry Croft, research analyst at Accendo Markets.
An index of consumer confidence in the Netherlands ticked higher in August, rising from 25 points to 26, according to the country's Central Bureau of Statistics.
The mean release on the economic calendar for Tuesday was the ZEW institute's index of economic confidence in Germany, which was set to be published at 1000 BST.
Later in the day, the FHFA was set to publish its US home price index for the month of June.
Fabio Cerchiai, Atlantia's chief executive, defended his company's bid for Spain's Abertis, adding that the tollroad operator's shares would continue to be listed on the Madrid exchange if his company's buyout offer went forward.
Air Berlin boss Thomas Winkelmann expected to soon have positive news regarding his negotiations with investors, Handelsblatt reported. |
| | 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 close: Markets mixed on light trading Monday Wall Street finished mixed amid light volumes on Monday, as investors kept their wallets closed as both international tensions and domestic political turbulence put a dampener on sentiment.
The Dow Jones Industrial Average was up 0.13% to 21,703.75 and the S&P 500 added 0.12% to 2,428.37, while the Nasdaq 100 was off 0.08% to 5,786.54.
On Friday, stocks got a brief boost from news that US President Trump had fired divisive chief strategist Steve Bannon, but the main indices ended in the red.
Spreadex analyst Connor Campbell said: "There are, at least, some macro-issues for the Dow et al. to focus on this Monday.
"Firstly there is the military exercises set to be performed by the US and South Korea, something that be only inflame the latter's northern sibling.
"Then there's America's domestic chaos ... the departure of Steve Bannon last Friday gave a slight lift to the markets; however, the constant turmoil of the Trump presidency, epitomised by its laughable turnover of key personal, seriously endangers the tax and infrastructure plans that had been such nectar to the markets earlier in the year."
Investors put their concerns about North Korea to one side last week following events in Washington and terrorist attacks in Spain, but with US and South Korea holding military exercises this week, renewed jitters were expected to set in.
Investors were also wary ahead of the US Federal Reserve's annual symposium at Jackson Hole, which kicks off on Thursday.
In corporate news, Sempra Energy was in focus, rising 1.59% after agreeing to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.
Elsewhere, US-listed shares in Fiat Chrysler were 6.92% higher following reports that China's Great Wall Motor Co is interested in buying the company.
Dow Jones - Risers
Home Depot Inc. (HD) $149.18 1.16%
Cisco Systems Inc. (CSCO) $30.68 1.02%
Verizon Communications Inc. (VZ) $48.14 0.94%
E.I. du Pont de Nemours and Co. (DD) $81.85 0.80%
Merck & Co. Inc. (MRK) $61.97 0.78%
Visa Inc. (V) $103.22 0.69%
Unitedhealth Group Inc. (UNH) $192.03 0.63%
Johnson & Johnson (JNJ) $133.48 0.62%
Wal-Mart Stores Inc. (WMT) $79.71 0.50%
3M Co. (MMM) $204.64 0.50%
Dow Jones - Fallers
Nike Inc. (NKE) $53.61 -2.44%
Chevron Corp. (CVX) $105.79 -0.66%
Goldman Sachs Group Inc. (GS) $220.77 -0.61%
Microsoft Corp. (MSFT) $72.15 -0.47%
Travelers Company Inc. (TRV) $127.45 -0.34%
Exxon Mobil Corp. (XOM) $76.38 -0.34%
Caterpillar Inc. (CAT) $113.60 -0.28%
Intel Corp. (INTC) $34.92 -0.26%
General Electric Co. (GE) $24.50 -0.24%
Apple Inc. (AAPL) $157.21 -0.18%
S&P 500 - Risers
Tenet Healthcare Corp. (THC) $16.56 14.60%
Freeport-McMoRan Inc (FCX) $14.72 4.10%
Johnson Controls International plc (JCI) $38.27 3.29%
Red Hat Inc. (RHT) $102.62 2.21%
Newmont Mining Corp. (NEM) $36.61 2.18%
Public Storage (PSA) $200.35 2.08%
Advance Auto Parts (AAP) $95.28 2.07%
Ventas Inc. (VTR) $67.45 2.01%
Kimco Realty Corp. (KIM) $19.71 1.91%
Welltower Inc (HCN) $71.98 1.88%
S&P 500 - Fallers
Frontier Communications Co. (FTR) $12.72 -6.19%
First Solar Inc. (FSLR) $45.96 -4.37%
Snap On Inc. (SNA) $141.70 -4.23%
Murphy Oil Corp. (MUR) $23.19 -3.58%
Chesapeake Energy Corp. (CHK) $3.82 -3.54%
Westrock Company (WRK) $54.36 -3.48%
Newfield Exploration Co (NFX) $24.51 -3.16%
Under Armour Inc. Class A (UAA) $16.59 -3.10%
United Rentals Inc. (URI) $108.40 -3.09%
Pioneer Natural Resources Co. (PXD) $127.94 -3.04%
Nasdaq 100 - Risers
Ctrip.Com International Ltd. Ads (CTRP) $52.18 3.45%
JD.com, Inc. (JD) $41.26 2.82%
Mercadolibre Inc. (MELI) $241.95 2.46%
NetEase Inc. Ads (NTES) $274.74 1.63%
Paychex Inc. (PAYX) $55.77 1.42%
Intuit Inc. (INTU) $135.91 1.34%
Autodesk Inc. (ADSK) $109.75 1.10%
Marriott International - Class A (MAR) $99.08 1.07%
Cerner Corp. (CERN) $64.93 1.06%
Cisco Systems Inc. (CSCO) $30.68 1.02%
Nasdaq 100 - Fallers
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $234.21 -4.09%
Shire Plc Ads (SHPG) $140.85 -3.23%
Tesla Inc (TSLA) $337.86 -2.76%
Micron Technology Inc. (MU) $29.56 -2.70%
Mattel Inc. (MAT) $16.42 -2.38%
Applied Materials Inc. (AMAT) $43.31 -2.23%
Fastenal Co. (FAST) $39.97 -1.75%
Viacom Inc. Class B (VIAB) $28.11 -1.68%
eBay Inc. (EBAY) $34.24 -1.55% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Tuesday newspaper round-up: Murdoch, Ford, Co-op, QE A campaigning group opposed to Rupert Murdoch's takeover of Sky is threatening a legal challenge to the media regulator's ruling that the broadcaster would remain "fit and proper" to hold a UK licence if it was snapped up by 21st Century Fox. Activist group Avaaz has hired lawyers and launched the first steps of a judicial review against the communications regulator following its report into the £11.7bn bid by Murdoch's 21st Century Fox for the 61% of Sky it does not already own. - Guardian
Ford has announced a car and van scrappage scheme in a bid to get dirtier vehicles off the roads and boost its sales in the UK's flagging car market. While other manufacturers, including Vauxhall and BMW, have launched scrappage schemes this year, Ford's is unusual in allowing customers to trade in and scrap any brand of older vehicle for at least £2,000. - Guardian
The Co-operative Group will slash its stake in Co-op Bank after shareholders approved a £700m rescue of the lender. Five US hedge funds bailed out the lender and will now largely own it after supplying vital funds to stave off the threat of it being wound up. - Telegraph
Brevan Howard's billionaire co-founder Alan Howard has returned to London after seven years in Geneva, resurfacing in the City just as it fights to retain its crown as Europe's financial centre post-Brexit. One of Britain's wealthiest fund managers, Mr Howard moved to Switzerland in 2010 - a time when many in the City were lured over by the low tax environment - and stayed there until this past weekend. - Telegraph
The former Treasury mandarin who oversaw the introduction of quantitative easing eight years ago has described money printing as "heroin" for policymakers and said it was "time to move on". Lord Macpherson of Earl's Court was permanent secretary to the Treasury when the Bank of England began QE in March 2009 to stave off depression and prevent deflation. Since then, what was an emergency tool has increasingly become standard practice. - The Times
The former chief executive of Lloyds Banking Group and one of his top lieutenants are suing the bailed-out lender for hundreds of thousands of pounds in unpaid bonuses in a move that risks sparking public outrage. Eric Daniels and Truett Tate, former head of the wholesale banking division, this month filed legal claims with the High Court against the bank. - The Times |
| | 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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