| | | | | | | 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 in the red as geopolitical tensions mount London stocks fell in early trade on Tuesday as investors were rattled by geopolitical tensions after North Korea launched a missile over Japan.
At 0830 BST, the FTSE 100 was down 0.9% to 7,334.98, while the pound was up 0.2% versus the dollar at 1.2953. Spreadex analyst Connor Campbell said the drop in the greenback isn't just down to North Korea, but also the impact of Hurricane Harvey, what that could mean for the US's impending debt ceiling drama, how that in turn reduces the chances of Congress green-lighting funding for Trump's wall and, finally, the possibility that that will push the President to shut down the government as threatened last week.
"Japanese Prime Minister Shinzo Abe and US President Donald Trump have so far responded with a vow to increase the pressure on North Korea, and calls for an emergency UN security council meeting, following a 40 minute phone call between the two leaders last night. That is an atypical reply from Trump, and the markets will be on the lookout for anything more bombastic as the day goes on," he said.
"For now, however, the event in and of itself is enough to have seriously spooked the European indices."
Investors were also digesting the latest survey from Nationwide, which showed that house price growth in the UK slowed to 2.1% in August from 2.9% in July, while month-on-month, prices fell 0.1% compared with a 0.2% increase the month before and expectations of a 0.1% gain.
In corporate news, distribution and outsourcing group Bunzl edged lower despite reporting a jump in interim pre-tax profit of 17%.
Mitie was in the red after the City watchdog began to probe the timing and preparation of a profit warning last September. Mitie revealed on Monday that the Financial Conduct Authority had on Friday told the facilities management outsourcing group that an investigation "in connection with the timeliness" of the profit warning that was announced by the company on 19 September 2016.
AstraZeneca retreated despite announcing that the US Food and Drug Administration has approved Faslodex (fulvestrant) 500mg as monotherapy for expanded use in women with hormone-receptor positive human epidermal growth factor receptor 2 negative advanced breast cancer, who have gone through menopause and have not received previous endocrine therapy.
Grainger slipped after agreeing to acquire a 375-home build-to-rent development in Salford, North West England for roughly £80m, while Restaurant Group and Tullow Oil were hit by broker downgrades.
Polymetal rallied after its first-half earnings per share came in better than expected. |
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| Market Movers
FTSE 100 (UKX) 7,334.98 -0.90%
FTSE 250 (MCX) 19,591.84 -0.40%
techMARK (TASX) 3,376.89 -0.43%
FTSE 100 - Risers
Provident Financial (PFG) 968.00p 5.68%
Randgold Resources Ltd. (RRS) 7,845.00p 3.63%
Fresnillo (FRES) 1,621.00p 2.59%
Paddy Power Betfair (PPB) 6,840.00p 0.51%
Convatec Group (CTEC) 287.80p 0.38%
easyJet (EZJ) 1,220.00p 0.33%
TUI AG Reg Shs (DI) (TUI) 1,309.00p 0.23%
Worldpay Group (WPG) 419.50p 0.12%
Intertek Group (ITRK) 4,953.00p 0.10%
SEGRO (SGRO) 528.00p 0.09%
FTSE 100 - Fallers
Standard Chartered (STAN) 759.60p -2.25%
Smiths Group (SMIN) 1,535.00p -1.92%
ITV (ITV) 157.90p -1.86%
CRH (CRH) 2,671.00p -1.80%
Barclays (BARC) 190.80p -1.80%
Antofagasta (ANTO) 1,006.00p -1.57%
Standard Life Aberdeen (SLA) 435.30p -1.43%
BAE Systems (BA.) 590.50p -1.42%
Lloyds Banking Group (LLOY) 64.02p -1.37%
Royal Dutch Shell 'B' (RDSB) 2,143.00p -1.36%
FTSE 250 - Risers
Hochschild Mining (HOC) 280.20p 4.83%
IP Group (IPO) 120.20p 4.07%
Centamin (DI) (CEY) 157.60p 2.80%
Acacia Mining (ACA) 206.90p 2.73%
Polymetal International (POLY) 967.50p 2.33%
Telecom Plus (TEP) 1,132.00p 2.26%
Euromoney Institutional Investor (ERM) 1,096.00p 1.95%
Millennium & Copthorne Hotels (MLC) 459.20p 1.80%
BTG (BTG) 690.00p 1.47%
FDM Group (Holdings) (FDM) 930.00p 1.42%
FTSE 250 - Fallers
Restaurant Group (RTN) 311.70p -3.47%
Clarkson (CKN) 2,715.00p -2.97%
JD Sports Fashion (JD.) 302.40p -2.73%
Tullow Oil (TLW) 152.60p -2.49%
CYBG (CYBG) 283.00p -2.38%
Lancashire Holdings Limited (LRE) 679.00p -2.23%
Weir Group (WEIR) 1,774.00p -2.15%
Just Group (JUST) 149.30p -2.10%
Greencore Group (GNC) 196.40p -1.75% |
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| | UK Event Calendar | | Tuesday August 29
INTERIMS
Bunzl, Globaltrans Investment GDR (Reg S), PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S), Polymetal International, Public Joint Stock Company Rosseti GDR (Each REPR 200 ORD) Reg S
QUARTERLY EX-DIVIDEND DATE
Canadian General Investments Ltd.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GFK Consumer Confidence (GER) (07:00)
AGMS
Bank of Cyprus Holdings Public Limited Company, Cadence Minerals, Calculus VCT, Livermore Investments Group Ltd., Omega Diagnostics Group, Puma VCT 12
TRADING ANNOUNCEMENTS
OPG Power Ventures
|
| | Market Analysis 29/08/2017 From the markets: Apple, Nvidia, Oil & Bitcoin - Crude oil is down another 2% as Hurricane Harvey continues to wreak havoc on the US oil industry: Many US Gulf coast Oil rigs have been evacuated and many refiners have been shut down. With that in mind, some analysts believe that by next week, oil will Â'weather the stormÂ' and be back to over $50 a barrel.
- Possible USD volatility today: After falling to a low against the Euro, the greenback showed signs of recovery this morning. Furthermore, the USD could be affected by the Consumer BoardÂ's monthly Consumer Confidence report, to be released at 14:00 GMT.
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 close: Stocks end on mixed note with dollar on backfoot Stocks started the week on a soft note, with early gains evaporating as traders weighed the impact that Hurricane Harvey would have on oil production in the Gulf of Mexico.
At the closing bell, the Dow Jones Industrials had drifted lower by -0.02% or 5.27 points to change hands at 21,808.40, while the S & P 500 was ahead by 0.05% or 1.19 points to 2,444.24 and the Nasdaq Composite up by 0.28% or 17.37 points to 6,283.02.
To take note of, the US dollar spot index retreated from 92.74 in the previous session to 92.21 as traders reacted to the lack of any mention to it by European Central Bank chief Mario Draghi in a speech on Friday.
The higher start on Wall Street was mainly a function of an interview by White House economic adviser Gary Cohn with the FT, also on Friday, in which he said he expected tax reforms would be passed by Congress before the year was out.
On a related note, David Madden, senior market analyst at CMC Markets, said: "Traders are looking ahead to Donald Trump's speech on Wednesday, where is he going to talk about bringing in tax reform, and investors are certainly in favour of the President's pro-business policies, but will the plans get introduced.
"Mr Trump failed to overhaul the healthcare system, and it wasn't just the Democrats who scuppered his pans, members of his own party opposed it too. What benefits the President, is that tax reform is the sort of policy that you could imagine support coming from both parties."
From a sector standpoint, the best performance was seen in the following industrial groups: Gold mining (3.60%), Mining (3.0%) and Aluminum (2.33%).
On the economic front, America's shortfall in trade on goods with the rest of the world increased by 1.7% month-on-month in July to reach $65.1bn, according to the Census Bureau.
In parallel, the Census Bureau reported that wholesale inventories increased by 0.4% to $601.2bn.
Meanwhile, shares of travel operator Expedia took a hit on news that its boss Dara Khosrowshahi would be taking over the top job at Uber.
Biotech stocks found a bid after Gilead Sciences announced the acquisition of Kite Pharma Inc. at a 29% premium in an all-cash offer in a roughly $11bn transaction.
Home improvement retailers Home Depot and Lowe's were wanted on expectations they were set to benefit from the effects of hurricane Harvey.
Dow Jones - Risers
Home Depot Inc. (HD) $151.38 1.16%
Apple Inc. (AAPL) $161.47 1.01%
Merck & Co. Inc. (MRK) $63.28 0.60%
Boeing Co. (BA) $237.18 0.55%
McDonald's Corp. (MCD) $159.64 0.54%
Visa Inc. (V) $103.74 0.42%
Unitedhealth Group Inc. (UNH) $195.02 0.38%
Cisco Systems Inc. (CSCO) $31.54 0.32%
E.I. du Pont de Nemours and Co. (DD) $82.85 0.27%
Pfizer Inc. (PFE) $33.47 0.24%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $123.23 -2.56%
Goldman Sachs Group Inc. (GS) $220.39 -0.95%
International Business Machines Corp. (IBM) $142.51 -0.86%
Wal-Mart Stores Inc. (WMT) $78.03 -0.76%
Chevron Corp. (CVX) $107.76 -0.43%
Coca-Cola Co. (KO) $45.41 -0.33%
Exxon Mobil Corp. (XOM) $76.47 -0.33%
JP Morgan Chase & Co. (JPM) $91.60 -0.32%
Nike Inc. (NKE) $53.71 -0.32%
Caterpillar Inc. (CAT) $115.09 -0.24%
S&P 500 - Risers
Tenet Healthcare Corp. (THC) $17.50 5.94%
Frontier Communications Co. (FTR) $13.25 3.68%
Newmont Mining Corp. (NEM) $38.26 3.54%
United Rentals Inc. (URI) $110.73 3.22%
Andeavor (ANDV) $98.55 3.22%
CH Robinson Worldwide Inc (CHRW) $71.05 2.87%
Micron Technology Inc. (MU) $31.08 2.61%
Biogen Inc (BIIB) $292.30 2.54%
Illumina Inc. (ILMN) $197.05 2.53%
CenturyLink Inc. (CTL) $20.74 2.52%
S&P 500 - Fallers
Expedia Inc. (EXPE) $142.53 -4.51%
Chesapeake Energy Corp. (CHK) $3.65 -3.69%
Range Resources Corp. (RRC) $17.59 -3.19%
Assurant Inc. (AIZ) $95.44 -3.10%
Autodesk Inc. (ADSK) $111.48 -3.04%
Helmerich & Payne Inc. (HP) $43.51 -2.88%
XL Group Ltd (XL) $41.85 -2.70%
Anadarko Petroleum Corp. (APC) $41.27 -2.57%
Travelers Company Inc. (TRV) $123.23 -2.56%
Kimco Realty Corp. (KIM) $19.39 -2.32%
Nasdaq 100 - Risers
Micron Technology Inc. (MU) $31.08 2.61%
Biogen Inc (BIIB) $292.30 2.54%
Illumina Inc. (ILMN) $197.05 2.53%
Lam Research Corp. (LRCX) $160.67 1.78%
Electronic Arts Inc. (EA) $118.73 1.54%
Symantec Corp. (SYMC) $29.92 1.53%
Celgene Corp. (CELG) $131.65 1.52%
J.B. Hunt Transport Services Inc. (JBHT) $99.12 1.49%
Incyte Corp. (INCY) $123.54 1.46%
Microchip Technology Inc. (MCHP) $83.76 1.37%
Nasdaq 100 - Fallers
Expedia Inc. (EXPE) $142.53 -4.51%
Autodesk Inc. (ADSK) $111.48 -3.04%
Baidu Inc. (BIDU) $219.99 -2.47%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $207.75 -2.17%
O'Reilly Automotive Inc. (ORLY) $198.06 -2.09%
Mercadolibre Inc. (MELI) $242.40 -1.57%
JD.com, Inc. (JD) $40.35 -1.27%
Skyworks Solutions Inc. (SWKS) $100.70 -1.26%
Henry Schein Inc. (HSIC) $169.58 -1.16%
Hologic Inc. (HOLX) $37.49 -1.11% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Tuesday newspaper round-up: North Korea, Brexit talks, services sector, builders Donald Trump and Shinzo Abe have vowed to increase pressure on North Korea after the regime launched a missile over Japan on Tuesday morning. The Japanese prime minister denounced the launch as an "unprecedented and grave threat" to the country's security. In a 40-minute phone call with Trump, they agreed to call for an emergency meeting of the UN security council to discuss the situation. - Guardian
The European Union's chief negotiator has warned Britain to start "negotiating seriously" as the stand-off over the Brexit divorce bill intensified. Speaking before the latest round of talks began in Brussels today, Michel Barnier voiced frustration at the government's "ambiguity" and the failure of ministers to publish a position paper on the UK's potential financial liabilities. - The Times
Profits have been hit in the all-important services sector on the back of a steep rise in costs, even as demand remains robust. The services sector makes up roughly 80pc of the UK economy and covers the two main areas: business and professional services, such as accountancy and marketing; and consumer services, including hotels, bars and restaurants. - Telegraph
The pension deficits weighing down thousands of Britain's businesses grew by billions of pounds last year, with black holes widening despite moves to close "gold-plated" defined benefit schemes. The total cost of pension liabilities among blue-chip FTSE 100 giants grew £95bn to £681bn in 2016, according to JLT Employee Benefits, with 10 firms - including British Airways owner IAG and defence conglomerate BAE Systems - sitting on deficits that dwarf their stock market value. - Telegraph
The organisation that provides warranties for most new-build homes has been criticised by the competition regulator for a "lack of transparency" over payments to leading housebuilders totalling millions of pounds a year. The National House Building Council (NHBC), which provides warranties for about 80 per cent of new homes, pays premium refunds to builders who have a good long-term claims history. - The Times
Companies that are publicly listed in the UK will be obliged to publish the pay ratio between their chief executive and their average British worker under government plans. The proposals, which will be announced on Tuesday and will come into force by next June, will also aim to give workers a voice at boardroom level. But the plans fall short of the corporate governance revolution promised last year by Theresa May. - Guardian
Manufacturers are demanding that the government provide urgent clarity on the future of EU workers' rights, warning they will face shortages of skilled staff if they cannot recruit from Europe after Brexit. EEF, the manufacturers' organisation, said a quarter of the firms it represents had seen job applications from the EU fall and 16% had seen more European workers quit since the 2016 referendum. - Guardian
Nissan will increase production at its Sunderland plant by a fifth and double the amount of parts it sources from within the UK in an attempt to offset higher costs following Britain's withdrawal from the EU. The Japanese car giant will step up production by 20pc to around 600,000 vehicles per year, the Nikkei Asian Review reported.
The share prices of UK's supermarkets are set to come under renewed pressure after Amazon enacted a swathe of large price cuts at the Whole Foods grocer it now owns. The American behemoth announced last week it would slash prices at the upmarket grocer it bought for £10.7bn earlier this year, a statement which knocked shares in each of its major listed UK rivals last week. - Telegraph
Britain is facing a triple waste whammy of stalled recycling rates, not enough incinerators being built and landfill running scarce. That is the stark prognosis of the country's busiest bin clearer, Biffa, which is calling on the government to think again on waste having followed policies that have got Britain among Europe's better performers but no further. - The Times
Uber has appointed Dara Khosrowshahi, the boss of online travel agency Expedia, as its new chief executive as it looks to repair its reputation following a string of scandals. The decision to hire Mr Khosrowshahi comes two months after the departure of former CEO Travis Kalanick, who bowed to shareholder pressure and stepped down after months of chaos at the ride-hailing company. - Telegraph
Large private businesses face greater scrutiny from next year after the government confirmed that it will develop the UK's first ever corporate governance code for big unlisted companies. The idea was floated last autumn in a green paper on corporate governance reform but will become official today when the Department for Business, Energy and Industrial Strategy sets out new boardroom standards. - The Times
Anti-fracking protesters will make a last-ditch effort to prevent Cuadrilla fracking in Lancashire when they bring a legal challenge to the Court of Appeal this week. The case, to be heard tomorrow and Thursday, seeks to overturn planning consent that was granted by Sajid Javid, the communities secretary, last October. Lancashire council had rejected the plans in 2015 but Mr Javid approved them after a public inquiry. - The Times
Britain's biggest drugmaker, GlaxoSmithKline, under pressure to improve its development pipeline and financial performance, is pinning its hopes on a radical new approach: "electroceuticals". Also called bioelectronics, the idea is that tiny electronic implants will be able to treat a vast range of chronic diseases, such as diabetes, asthma, chronic obstructive pulmonary disease (COPD), arthritis, hypertension and other heart conditions, and gastrointestinal diseases. - Guardian
Partners at Deloitte will pocket around £865,000 this year after the accounting giant won a string of large mandates from blue-chip companies. The Big Four accountancy firm's 703 partners will share a profit pool of £608m for the year to May 31, with each taking home around 3.3pc more than last year. - Telegraph | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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