| | | | | | | 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 edge higher as China PMI lifts mining sector London stocks edged higher in early trade on Thursday, taking their cue from an upbeat session in the US, with sentiment underpinned by a better-than-expected reading on the Chinese manufacturing sector.
At 0825 BST, the FTSE 100 was up 0.3% to 7,384.57, while the pound was down 0.3% versus the euro at 1.0849 and 0.1% against the dollar at 1.2917.
China's official manufacturing purchasing managers' index for August printed at 51.7, up a touch from 51.4 in July and above expectations for a nudge down to 51.3. A reading above 50 indicates expansion.
Analysts at Accendo Markets said: "This is some welcome good news from Asia following recent geopolitical woes, building on yesterday's solid US GDP/ADP prints, compounding risk appetite at the continued expense of safe havens."
The data helped to boost the mining sector, which is heavily dependent on demand from China, with Antofagasta, Anglo American and Rio Tinto among the top risers.
Elsewhere, Restaurant Group surged as the Frankie & Benny's and Garfunkel's owner held its dividend flat as, despite sales deteriorating as the first half of the year wore on, it reported early signs of improvement and broke back into the black. Many analysts had been expecting the company to warn on profits again.
Building materials distributor Grafton added a few pennies after it said interim pre-tax profits rose 18% to £74.1m, but it warned that recent softer trends in the UK economy are likely to be sustained over the remainder of the year.
Ladbrokes was on the gallop after it reported a strong start to the year and a 7% jump in first-half operating profit.
Recruiter Hays pushed higher as it posted a rise in full-year profit and announced its first special dividend following a solid performance in Europe and a stabilisation in the UK.
Serco was boosted by an upgrade from UBS, while Provident Financial slipped after Jefferies downgraded its stance on the sub-prime lender.
Melrose Industries suffered heavy losses despite saying it returned to profit in the first half of the year, while British American Tobacco nudged lower after announcing a series of management changes.
Redefine was also in the red after saying it has completed on the sale of the Sytner BMW showroom in High Wycombe for £26.1m to an unnamed UK pension fund.
Ultra Electronics retreated after saying it has expanded its relationship with Jupitor Corporation of Japan to support the introduction of its latest technologies on major Japanese aerospace programmes, while Jimmy Choo slipped a touch despite reporting a 174% jump in first-half profit.
G4S, Hammerson, St James's Place, Croda, Stagecoach, Auto Trader and Wood Group were all providing a drag as their stock went ex-dividend.
There are no major UK data releases due on Thursday so market participants will be turning their attention to the US, where the PCE, jobless claims, pending home sales and the Chicago purchasing managers' index are all due ahead of Friday's non-farm payrolls report. There is also the last euro area inflation data before the European Central Bank's much anticipated meeting on 7 September. |
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| Market Movers
FTSE 100 (UKX) 7,384.57 0.26%
FTSE 250 (MCX) 19,652.20 0.18%
techMARK (TASX) 3,389.80 0.13%
FTSE 100 - Risers
Antofagasta (ANTO) 1,036.00p 2.07%
Mediclinic International (MDC) 754.50p 1.55%
Anglo American (AAL) 1,381.50p 1.28%
Rio Tinto (RIO) 3,725.00p 1.25%
CRH (CRH) 2,698.00p 1.12%
Smurfit Kappa Group (SKG) 2,339.00p 1.12%
easyJet (EZJ) 1,194.00p 1.02%
Centrica (CNA) 197.30p 0.92%
Glencore (GLEN) 359.95p 0.91%
BHP Billiton (BLT) 1,467.00p 0.86%
FTSE 100 - Fallers
G4S (GFS) 285.10p -2.66%
Hammerson (HMSO) 555.00p -1.77%
Provident Financial (PFG) 881.00p -1.23%
Standard Life Aberdeen (SLA) 424.50p -1.23%
St James's Place (STJ) 1,156.00p -1.20%
Tesco (TSCO) 180.30p -1.15%
Royal Mail (RMG) 386.70p -0.97%
Croda International (CRDA) 3,832.00p -0.70%
Randgold Resources Ltd. (RRS) 7,865.00p -0.51%
Land Securities Group (LAND) 996.00p -0.35%
FTSE 250 - Risers
Restaurant Group (RTN) 339.00p 6.57%
Serco Group (SRP) 115.20p 6.08%
Kaz Minerals (KAZ) 848.00p 2.91%
Grafton Group Units (GFTU) 796.00p 2.38%
Evraz (EVR) 321.50p 1.90%
Acacia Mining (ACA) 208.30p 1.81%
FDM Group (Holdings) (FDM) 926.00p 1.76%
Millennium & Copthorne Hotels (MLC) 458.60p 1.73%
Dixons Carphone (DC.) 178.60p 1.65%
TP ICAP (TCAP) 471.60p 1.53%
FTSE 250 - Fallers
Stagecoach Group (SGC) 165.10p -4.18%
Melrose Industries (MRO) 223.60p -2.49%
Auto Trader Group (AUTO) 343.40p -1.89%
Wood Group (John) (WG.) 557.50p -1.68%
Elementis (ELM) 271.30p -1.24%
Workspace Group (WKP) 865.50p -1.20%
Ultra Electronics Holdings (ULE) 1,843.00p -1.18%
Sanne Group (SNN) 750.50p -1.12%
Petrofac Ltd. (PFC) 409.10p -1.06% |
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| | UK Event Calendar | | Thursday August 31
INTERIMS
Alfa Financial Software Holdings , Arrow Global Group, BBGI SICAV S.A. (DI), Chesnara, Churchill China, Eddie Stobart Logistics , Exova Group , Grafton Group Units, Jimmy Choo , Ladbrokes Coral Group, Restaurant Group, Satellite Solutions Worldwide Group, STV Group, Total Produce
INTERIM DIVIDEND PAYMENT DATE
Impact Healthcare Reit , International Biotech Trust, Polar Capital Global Financials Trust
INTERIM EX-DIVIDEND DATE
Aberdeen Emerging Markets Investment Company, Arbuthnot Banking Group, Ascential, British Smaller Companies VCT 2, Centamin (DI), Chemring Group, Croda International, esure Group, Foxtons Group , G4S, Global Ports Holding, Globaldata, Hammerson, Hochschild Mining, Hostelworld Group , Impellam Group, JPMorgan American Inv Trust, Juridica Investments Ltd., Kingspan Group, LPA Group, Mincon Group , National Express Group, Northern Electricity Prf, Rights & Issues Inv Trust Income Shares, Robert Walters, Robinson, Secure Trust Bank, St James's Place, Stock Spirits Group , Ultra Electronics Holdings, Wood Group (John)
QUARTERLY PAYMENT DATE
City of London Inv Trust, Custodian Reit , Picton Property Income Ltd
QUARTERLY EX-DIVIDEND DATE
Aberdeen Diversified Income and Growth Trust , Alpha Real Trust Ltd., Premier Energy & Water Trust, Real Estate Credit Investments Ltd
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Pending Homes Sales (US) (15:00)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
Unemployment Rate (EU) (10:00)
Q2
Alfa Financial Software Holdings
FINALS
Hays
SPECIAL DIVIDEND PAYMENT DATE
Income & Growth VCT
SPECIAL EX-DIVIDEND DATE
Cambian Group, esure Group
EGMS
Andalas Energy and Power, Globalworth Real Estate Investments Limited
AGMS
FIH Group , Highlands Natural Resources, IG Design Group, Oryx International Growth Fund Ltd., Simian Global, Victoria
UK ECONOMIC ANNOUNCEMENTS
GFK Consumer Confidence (00:01)
FINAL EX-DIVIDEND DATE
Accrol Group Holdings, Auto Trader Group , Circle Property , Downing Four VCT DP67 , Downing Four VCT DSO 'D' Shs, FIH Group , First Property Group, NCC Group, Solid State, Stagecoach Group, Walker Crips Group, Xafinity
|
| | Market Analysis 31/08/2017 Today’s highlights: USD volatility expected - Wall Street closes higher: The Dow Jones, S&P 500 and NASDAQ all finished in the green yesterday. Netflix rose more than 3% and Apple hit an all-time intraday high, before reverting to slight losses.
- Asia seen mixed: Indices were going in different directions in the East. While the Nikkei was showing gains this morning, the China50 index registered losses.
Read More... |
| | US Market Report | | US close: Stocks finish higher after solid economic data Stocks in the US finished higher on Wednesday after better-than-expected readings on the jobs market and the broader economy, as shares of Apple traded at record highs.
The Dow Jones Industrial Average finished up 0.12% at 21,892.43, while the S&P 500 was ahead 0.46% at 2,457.59 and the Nasdaq 100 added 1.21% to 5,932.90.
"Relief returned to markets on Wednesday after two-days of concern over North Korean missile threats and the huge damage inflicted on Texas by tropical storm Harvey," was LCG analyst Jasper Lawler's take on the situation.
On the macroeconomic side of things, hiring in the US kept up a steady pace in August, increasing by 237,000 according to payroll specialist ADP's monthly tally, easily outpacing forecasts for a rise of 185,000.
Job creation was especially heavy among online retailers and distributors, according to Moody's Analytics chief economist, Mark Zandy.
Shortly afterwards, the Commerce Department published revised second quarter data showing that gross domestic product expanded at an annualised pace of 3.0% over the three months to June, up from an advanced estimate of 2.6%.
Year-on-year, GDP was ahead by 2.2%.
On the Federal Reserve front, in a speech at the Large Bank Directors Conference in Chicago, Illinois, Governor Jerome Powell opted not to make any remarks on monetary policy.
Meanwhile, in corporate news, Apple was in the spotlight - and trading at fresh record highs - amid investor anticipation ahead of the expected launch of a new iPhone model in September.
Its stock finished ahead 0.27% at $165.35.
In parallel, United Technologies was reportedly on the hunt for a greater than $20bn tie-up with aircraft equipment manufacturer Rockwell Collins - it ended up 0.76%.
On a down note, stock in Barnes & Noble cratered 5.23% after the publisher posted a fiscal first quarter loss of 75 cents, dwarfing analysts' estimates for 55 cents of red ink.
In tandem, shares of H&R Block were sharply lower, falling 8.28% after the company reported a wider-than-expected quarterly loss late on Tuesday.
Elsewhere, alcohol company Brown-Forman reported earnings per share for the first three months of its fiscal year of 46 cents, ahead of the 39 cents expected on the Street.
At $732m, revenues also topped analysts' estimates, and shares ended the session ahead 3.79%.
Dow Jones - Risers
Cisco Systems Inc. (CSCO) $31.99 1.62%
Caterpillar Inc. (CAT) $117.55 1.33%
Microsoft Corp. (MSFT) $74.01 1.31%
E.I. du Pont de Nemours and Co. (DD) $83.19 1.16%
Goldman Sachs Group Inc. (GS) $222.42 1.12%
United Technologies Corp. (UTX) $119.60 0.76%
Intel Corp. (INTC) $34.89 0.46%
3M Co. (MMM) $203.64 0.38%
American Express Co. (AXP) $85.69 0.32%
Walt Disney Co. (DIS) $102.87 0.29%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $121.81 -0.98%
Johnson & Johnson (JNJ) $131.07 -0.86%
Verizon Communications Inc. (VZ) $48.12 -0.80%
General Electric Co. (GE) $24.26 -0.65%
Procter & Gamble Co. (PG) $91.87 -0.49%
Exxon Mobil Corp. (XOM) $76.08 -0.46%
Unitedhealth Group Inc. (UNH) $195.84 -0.43%
International Business Machines Corp. (IBM) $142.55 -0.41%
Nike Inc. (NKE) $52.56 -0.32%
Wal-Mart Stores Inc. (WMT) $78.54 -0.29%
S&P 500 - Risers
Gilead Sciences Inc. (GILD) $81.23 7.25%
Martin Marietta Mtrl (MLM) $213.80 5.41%
Analog Devices Inc. (ADI) $83.72 5.24%
Vulcan Materials Co. (VMC) $121.86 4.60%
AutoNation Inc. (AN) $43.51 4.09%
Carmax Inc. (KMX) $65.99 3.82%
Brown Forman Corp. Class B (BF.B) $53.14 3.79%
Qorvo, Inc. (QRVO) $73.12 3.78%
United Rentals Inc. (URI) $119.19 3.70%
Netflix Inc. (NFLX) $174.69 3.48%
S&P 500 - Fallers
H&R Block Inc. (HRB) $26.80 -8.28%
Freeport-McMoRan Inc (FCX) $14.56 -4.27%
Southwestern Energy Co. (SWN) $5.30 -2.57%
Tenet Healthcare Corp. (THC) $17.23 -2.33%
Urban Outfitters Inc. (URBN) $20.29 -2.31%
Progressive Corp. (PGR) $46.56 -2.23%
Endo International Plc (ENDP) $8.55 -1.95%
Navient Corporation (NAVI) $13.28 -1.78%
Dominion Energy Inc. (D) $78.82 -1.77%
Transocean Ltd. (RIG) $8.10 -1.58%
Nasdaq 100 - Risers
Incyte Corp. (INCY) $138.27 10.64%
Gilead Sciences Inc. (GILD) $81.23 7.25%
Biomarin Pharmaceutical Inc. (BMRN) $87.62 5.63%
Analog Devices Inc. (ADI) $83.72 5.24%
NetEase Inc. Ads (NTES) $275.57 3.93%
Netflix Inc. (NFLX) $174.69 3.48%
Activision Blizzard Inc. (ATVI) $65.68 3.47%
Biogen Inc (BIIB) $303.61 3.46%
Marriott International - Class A (MAR) $103.64 3.40%
Applied Materials Inc. (AMAT) $45.47 3.29%
Nasdaq 100 - Fallers
Discovery Communications Inc. Class C (DISCK) $20.85 -1.56%
Discovery Communications Inc. Class A (DISCA) $22.19 -1.16%
Dish Network Corp. (DISH) $57.20 -0.99%
Mondelez International Inc. (MDLZ) $41.63 -0.62%
American Airlines Group (AAL) $44.32 -0.54%
Viacom Inc. Class B (VIAB) $29.13 -0.51%
Ross Stores Inc. (ROST) $58.43 -0.44%
Expedia Inc. (EXPE) $143.44 -0.38%
J.B. Hunt Transport Services Inc. (JBHT) $99.78 -0.28% |
| | 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 |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Brexit impasse, energy cap, house prices, BP The UK has told EU negotiators their sums on the Brexit bill do not add up, as talks on Britain's separation from the bloc hit deadlock. Tensions boiled over in Brussels as the EU accused Britain of failing to reveal its hand on the financial settlement. - Guardian
..EU Brexit negotiators were left "flabbergasted" after their British counterparts launched a legal deconstruction of the so-called "Brexit bill" Wednesday as the Brussels talks headed for an increasingly acrimonious impasse, EU sources have revealed. British negotiators spent three hours launching a painstaking, line-by-line rebuttal of the EU's demands for €100bn divorce settlement to the barely concealed fury of EU negotiators. - Telegraph
An energy price cap for two million of the most vulnerable households will be fast-tracked into place by January, under Ofgem plans to be unveiled within weeks. The industry regulator has told companies that it will press ahead with the idea and may also extend the cap to cover hundreds of thousands more households as it battles criticism that it is failing to protect customers. - The Times
UK house prices could be 20 per cent lower by 2030 once adjusted for inflation, according to analysts at Nomura. George Buckley, an economist at the bank, said that although prices have risen rapidly mortgage payments have dropped, meaning that affordability in the housing market has remained in line with the long-term average. - The Times
Total and BP suffered a fresh setback in their efforts to drill for oil near the mouth of the Amazon river after Brazilian regulators rejected their latest environmental assessment. The oil companies were awarded exploration rights in 2013 to drill in the Foz do Amazonas basin off Brazil, which could contain up to 14 billion barrels of oil. - The Times
Representatives of small companies affected by Royal Bank of Scotland's restructuring unit have demanded that the Financial Conduct Authority publishes a report into the scandal. The SME Alliance has written to Andrew Bailey, the FCA's chief executive, claiming that victims of the bank's Global Restructuring Group (GRG) are being denied justice because of the "secrecy" attached to a report commissioned by the regulator more than three and a half years ago. - The Times
The tax authorities are chasing large businesses for £24.8 billion of potential underpayments, £3 billion more than last year, as they step up efforts to close loopholes and stamp out avoidance. Investigations by the large business directorate at HM Revenue & Customs (HRMC) have identified the sum as tax that might be recovered from previous years. Similar work has brought in £53 billion that would have otherwise gone unpaid since 2010, HMRC said. - The Times
Syndicates of Lloyd's of London insurance market have filed a countersuit to Kanye West's claim that he was owed $10m after canceling his tour last year, saying it found "substantial irregularities" in the rapper's medical history. The counterclaim was filed in federal court in Los Angeles on Tuesday and said West's Very Good Touring Inc had failed to cooperate in the insurance company's investigation into the claim for cancelled concerts, according to the court documents. - Guardian
A former Obama administration official says he believes the Trump administration has given Australia tacit approval to move ahead with the Trans-Pacific Partnership, despite the president disavowing and dumping the agreement as one of his first acts in office. Matthew Goodman, who served as White House coordinator for Asia-Pacific Economic Cooperation (Apec) and the East Asia Summit in the previous administration, told Guardian Australia he believed the Trump administration had given Australia licence to "just keep the seat warm for the United States". - Guardian
The online gambling sector is hoping to develop an industry-wide framework to help companies identify potential problem gamblers and, crucially, look at ways to intervene before their wagering gets out of control. The move comes after research commissioned by the charity Gamble Aware and carried out by PwC showed data that gambling companies already have can help them identify potential problem gamblers before they develop a serious issue. - Telegraph
A British man accused of being behind cyberattacks on Lloyds Bank and Barclays earlier this year has been extradited from Germany to face charges in the UK. Daniel Kaye has been accused of launching attacks on both Lloyds and Barclays banking services, and of blackmailing both of the high street banks. - Telegraph
The new boss of Uber has told staff that the company should go public in the next 18 to 36 months. Dara Khosrowshahi, the incoming chief executive, was addressing staff for the first time since his appointment this weekend at the company's headquarters in San Francisco. - The Times
Nanomachines which can drill into cancer cells, killing them in just 60 seconds, have been developed by scientists. The tiny spinning molecules are driven by light, and spin so quickly that they can burrow their way through cell linings when activated. In one test conducted at Durham University the nanomachines took between one and three minutes to break through the outer membrane of prostate cancer cell, killing it instantly. -Telegraph
US regulators approved the first cancer drug that uses a patient's own cells to fight cancer. But the drug is priced at $475,000. Oncologists described the drug, made by Novartis and marketed as Kymriah, as revolutionary, but critics worried the first-of-its-kind cancer treatment could usher in a new class of ultra-expensive medications. - Guardian | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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