| | | | | | | Bargain Blue Chips While many in the industry suggest that the stock market is 'overvalued', it may in fact represent the perfect time to consider stocks that are trading significantly below their 2017 highs. This report covers at 5 stocks that you should be looking at right now - covering the Oil, Banking, Pharmaceutical and Tobacco sectors. Losses can exceed deposits Download the report here | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: FTSE higher despite Brexit comments from Carney London stocks were hovering around the flatline by the close on Thursday, failing to make any significant headway as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney.
The FTSE 100 was relatively flat at 7,322.82, up 0.13% while the pound was up 0.45% at 1.3446 against the dollar, having slipped earlier as Carney dropped no further hints that interest rates were about to rise.
European markets were slightly mixed with the DAX closing 0.37% higher to 12,704.65, the CAC 40 0.22% firmer at 5,293.77 and the IBEX 35 0.46% lower to 10,320.70.
Speaking at the opening of a two-day conference to mark 20 years of independence for the BoE, he said Brexit will lead to weaker real income growth, while the prosperity of the UK will depend on the final Brexit agreement.
Meanwhile, Theresa May used her speech to defend free market capitalism and reiterate her determination to be tough on public spending in the face of growing pressure to ease austerity.
Spreadex analyst Connor Campbell said: "Speeches from Mark Carney and Theresa May did little to improve things for either the index or the currency, with the biggest (and gloomiest) takeaway arguably being the former stating that the Bank of England 'cannot prevent the weaker real income growth' that is likely to accompany Brexit."
Investors were also digesting Trump's new tax plans, announced late on Wednesday, which would see corporate tax cut to 20% from 35% and create just three tax bands of personal tax at 12%, 25% and 35% instead of the current seven, with a recommended surcharge on the very wealthy.
On the corporate front, shares in Imperial Brands were in the red as the cigarette manufacturer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey, and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates.
Tour operator Tui retreated after it reiterated guidance for at least 10% growth in underlying earnings for fiscal 2017, while shares in RPC Group climbed after the company said first-half revenue was anticipated to be well ahead of expectations.
CRH was the standout gainer, boosted by Trump's new tax plans, with analysts pointing out that it derives a large chunk of its revenue from the US. The building materials company was also lifted by a note from HSBC, which reiterated its 'buy' rating on all the global cement majors, saying it favours US-exposed stocks such as CRH.
Euromoney turned lower despite saying that overall trading since its last update has been in line.
Stagecoach was on the front foot after the transport operator reaffirmed its earnings expectations for the year, while SSP gained as it said it expects to see an 11.4% jump in full-year revenues.
Synthomer advanced following the acquisition of BASF's Austrian styrene butadiene rubber business for €30m.
In broker note action, RBS was hit by a downgrade to 'sell' at Investec, while TalkTalk fell as Credit Suisse cut the stock to 'underperform'.
HSBC cut its price target on Restaurant Group to 265p from 300p saying the company's interim update outlined "the long road ahead".
Balfour Beatty was boosted by an upgrade to 'buy' at Peel Hunt, while Cineworld gained after an upgrade to 'buy' at Panmure Gordon and UBM was upgraded by Barclays.
Hargreaves Lansdown, Kier Group, Hansteen and IG Group were all weaker as their stock went ex-dividend. |
| | 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.
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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 |
| Market Movers
FTSE 100 (UKX) 7,319.53 0.08%
FTSE 250 (MCX) 19,665.88 0.49%
techMARK (TASX) 3,457.64 0.38%
FTSE 100 - Risers
CRH (CRH) 2,784.00p 2.92%
Ferguson (FERG) 4,898.00p 2.79%
Rolls-Royce Holdings (RR.) 884.00p 2.61%
Ashtead Group (AHT) 1,803.00p 2.39%
InterContinental Hotels Group (IHG) 3,933.00p 2.21%
Smiths Group (SMIN) 1,568.00p 1.82%
Aviva (AV.) 509.50p 1.80%
Intertek Group (ITRK) 4,955.00p 1.70%
Smith & Nephew (SN.) 1,330.00p 1.68%
Berkeley Group Holdings (The) (BKG) 3,674.00p 1.66%
FTSE 100 - Fallers
Land Securities Group (LAND) 967.50p -6.44%
Imperial Brands (IMB) 3,172.00p -4.02%
easyJet (EZJ) 1,201.00p -1.80%
Carnival (CCL) 4,730.00p -1.72%
Burberry Group (BRBY) 1,733.00p -1.65%
Royal Bank of Scotland Group (RBS) 266.40p -1.62%
Micro Focus International (MCRO) 2,388.00p -1.61%
Vodafone Group (VOD) 205.25p -1.44%
Smurfit Kappa Group (SKG) 2,341.00p -1.18%
British American Tobacco (BATS) 4,650.00p -1.16%
FTSE 250 - Risers
SSP Group (SSPG) 530.50p 5.99%
Balfour Beatty (BBY) 271.90p 5.63%
Card Factory (CARD) 293.00p 5.21%
IP Group (IPO) 130.60p 4.40%
RPC Group (RPC) 978.00p 4.04%
Thomas Cook Group (TCG) 118.00p 3.69%
QinetiQ Group (QQ.) 233.40p 3.46%
Hunting (HTG) 484.00p 2.98%
Fidessa Group (FDSA) 2,235.00p 2.76%
IWG (IWG) 304.50p 2.70%
FTSE 250 - Fallers
Greencoat UK Wind (UKW) 121.30p -3.42%
Greene King (GNK) 549.00p -2.66%
Tullow Oil (TLW) 188.70p -2.53%
Ascential (ASCL) 347.00p -2.50%
International Public Partnerships Ltd. (INPP) 158.80p -2.46%
Polymetal International (POLY) 823.50p -2.20%
Restaurant Group (RTN) 297.70p -2.10%
Acacia Mining (ACA) 188.10p -1.98%
Rank Group (RNK) 213.90p -1.97% |
| | Market Analysis 28/09/2017 Today's highlights: Trump's tax plan lifts global markets - Wall Street closes higher: After four days of losses, the Dow Jones closed in the green yesterday, joined by the S&P 500 and the Nasdaq. All three indices closed within 0.5% of their all-time highs. The gains in American markets are attributed to the US government's proposed tax plan, which includes tax cuts for major corporations.
- Asia seen mixed: The positive trend on Wall Street failed to carry over to Asia, as some indices, such as the China50, were seen lower. At the same time, other indices, such as the Nikkei, were trading higher.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks finish on mixed note European stocks ended the session on a mixed note as investors digested US President Donald Trump's latest tax plans and growing signs that the Eurozone recovery may be gathering pace.
By the closing bell, the DAX was 0.37% or 47.24 points higher to 12,704.65 alongside a CAC-40 up by 0.22% or 11.81 points at 5,293.77 although the FTSE Mibtel drifted lower, falling 0.15% or 34.52 points to 22,587.67.
Spain's Ibex 35 also ended in the red, losing 0.39% or 40.40 points to close at 10,328.50.
In London, stocks finished marginally higher on Thursday, failing to make any headway even as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney.
European stocks were boosted by news that the eurozone's economic sentiment index (ESI) rose to 113.0 in September from 111.9 in August with the last three months' average for the ESI reaching 112.1, the highest level since 2007.
The Greek ESI was up +1.6 to 100.6 - the first time it had moved beyond 100 since the end of 2014.
Analysts at Berenberg said Greece seemed to profit from the much reduced risk of a 'Grexit' after the conclusion of the second review of its EU bailout in June and a very strong tourism season.
Commenting on the market backdrop, CMC Markets UK's David Madden said: "European equity markets are largely in positive territory going into the close today, but weak volatility has led to narrow trading ranges. The positive moves that stock markets have made in the recent weeks are being slowly built upon, but optimism isn't particularly high.2
On the corporate front, stock in Swedish fashion chain H&M fell as it reported a 20% fall in net third-quarter profits and warned that online shopping was hitting sales at its stores. The retailer had been forced to discount its summer collection in an effort to lift revenues.
In London, shares of Imperial Brands were in the red as the cigarette manufactuer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates. |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | Europe close: Stocks finish on mixed note European stocks ended the session on a mixed note as investors digested US President Donald Trump's latest tax plans and growing signs that the Eurozone recovery may be gathering pace.
By the closing bell, the DAX was 0.37% or 47.24 points higher to 12,704.65 alongside a CAC-40 up by 0.22% or 11.81 points at 5,293.77 although the FTSE Mibtel drifted lower, falling 0.15% or 34.52 points to 22,587.67.
Spain's Ibex 35 also ended in the red, losing 0.39% or 40.40 points to close at 10,328.50.
In London, stocks finished marginally higher on Thursday, failing to make any headway even as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney.
European stocks were boosted by news that the eurozone's economic sentiment index (ESI) rose to 113.0 in September from 111.9 in August with the last three months' average for the ESI reaching 112.1, the highest level since 2007.
The Greek ESI was up +1.6 to 100.6 - the first time it had moved beyond 100 since the end of 2014.
Analysts at Berenberg said Greece seemed to profit from the much reduced risk of a 'Grexit' after the conclusion of the second review of its EU bailout in June and a very strong tourism season.
Commenting on the market backdrop, CMC Markets UK's David Madden said: "European equity markets are largely in positive territory going into the close today, but weak volatility has led to narrow trading ranges. The positive moves that stock markets have made in the recent weeks are being slowly built upon, but optimism isn't particularly high.2
On the corporate front, stock in Swedish fashion chain H&M fell as it reported a 20% fall in net third-quarter profits and warned that online shopping was hitting sales at its stores. The retailer had been forced to discount its summer collection in an effort to lift revenues.
In London, shares of Imperial Brands were in the red as the cigarette manufactuer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates. | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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