| | | | | | | 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 up pre-payrolls but Indivior tanks on court ruling London stocks edged tentatively higher in early trade on Friday as investors eyed the release of the US non-farm payrolls report later in the day.
At 0830 BST, the FTSE 100 was up 0.2% to 7,447.45, while the pound was flat against the euro at 1.0861 and down 0.1% versus the dollar at 1.2912.
On the data front, Markit's UK manufacturing purchasing managers' index is at 0930 BST. In the US, the payrolls report, unemployment rate and average hourly earnings are at 1330 BST.
Spreadex analyst Connor Campbell said: "The main focus for the UK this morning - at least until this afternoon's non-farm jobs report from America and its associated rate hike intrigue - is August's manufacturing PMI. Analysts are expecting a very slight dip, from 55.1 to 55.0 month-on-month. However since the year began estimates have rarely been accurate, something that perhaps explains investors' early reticence."
As far as the payrolls report is concerned, consensus is for a gain of 180,000, which would be down a little from July's 209,000 but would still keep the six-month rolling average above 180,000. Meanwhile, the unemployment rate is expected to hold steady at 4.3%, back at lows last seen over 16 years ago, and before then back in the late sixties.
David Morrison, senior market strategist at SpreadCo, said: "This low rate of unemployment has led some FOMC members to worry that inflation could suddenly surge higher. Certainly the employment picture has been improving across the eurozone, Japan and UK, where central banks have kept monetary policy loose. This is why investors will also keep a close eye on today's average hourly earnings release as any pick-up in wage growth should encourage the hawks within the Fed."
In corporate news, Indivior tanked nearly 38% as it said there was a "material" risk to revenue after a US court ruled that a generic version of its Suboxone film to treat opioid addiction by Dr Reddy's does not infringe any of the London-listed company's patents. Indivior - for which Suboxone represented around 80% of revenue last year - is set to appeal the decision.
Digital property and household-related services owner ZPG rose after announcing the acquisition of Ravensworth, the "UK's leading provider" of on-demand print and creative marketing services to estate and letting agents, for an undisclosed sum.
Rio Tinto was in the black after confirming the completion of the sale of its wholly-owned subsidiary Coal & Allied Industries Limited to Yancoal Australia, while Rathbone Brothers edged higher after merger talks with wealth manager Smith & Williamson collapsed on Thursday.
Greene King was hit by a downgrade to 'reduce' at HSBC, while JD Wetherspoon fell after a downgrade to 'hold' by the same outfit.
Dixons Carphone was dragged lower by a cut to 'hold' at Investec and Micro Focus traded sharply lower as it completed its merger with HPE Software, returned capital and consolidated its shares. |
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| Market Movers
FTSE 100 (UKX) 7,447.45 0.23%
FTSE 250 (MCX) 19,739.90 -0.32%
techMARK (TASX) 3,414.21 -0.13%
FTSE 100 - Risers
London Stock Exchange Group (LSE) 4,019.00p 1.75%
Anglo American (AAL) 1,426.00p 1.68%
TUI AG Reg Shs (DI) (TUI) 1,325.00p 1.30%
Coca-Cola HBC AG (CDI) (CCH) 2,674.00p 1.13%
Glencore (GLEN) 363.30p 1.06%
Convatec Group (CTEC) 289.60p 0.94%
Smurfit Kappa Group (SKG) 2,384.00p 0.93%
ITV (ITV) 159.90p 0.82%
Tesco (TSCO) 182.35p 0.80%
Hargreaves Lansdown (HL.) 1,411.00p 0.79%
FTSE 100 - Fallers
Micro Focus International (MCRO) 2,244.00p -8.55%
Royal Mail (RMG) 386.30p -2.00%
Provident Financial (PFG) 867.50p -1.76%
Kingfisher (KGF) 296.00p -0.97%
Persimmon (PSN) 2,639.00p -0.75%
Johnson Matthey (JMAT) 2,745.00p -0.69%
Taylor Wimpey (TW.) 199.50p -0.50%
Next (NXT) 4,113.00p -0.39%
Centrica (CNA) 199.30p -0.30%
British American Tobacco (BATS) 4,817.00p -0.29%
FTSE 250 - Risers
Ascential (ASCL) 384.50p 2.37%
Sophos Group (SOPH) 514.50p 2.29%
BBA Aviation (BBA) 308.20p 2.12%
Kaz Minerals (KAZ) 855.50p 1.78%
Rank Group (RNK) 234.10p 1.78%
Acacia Mining (ACA) 205.90p 1.73%
Safestore Holdings (SAFE) 420.10p 1.60%
Syncona Limited NPV (SYNC) 166.50p 1.59%
PayPoint (PAY) 934.50p 1.52%
JD Sports Fashion (JD.) 328.80p 1.45%
FTSE 250 - Fallers
Indivior (INDV) 259.80p -37.64%
Greene King (GNK) 663.00p -3.84%
Dixons Carphone (DC.) 167.40p -3.46%
Marston's (MARS) 113.70p -1.56%
Pershing Square Holdings Ltd NPV (PSH) 1,036.00p -1.52%
Cobham (COB) 135.30p -1.46%
Ladbrokes Coral Group (LCL) 116.80p -1.43%
Wetherspoon (J.D.) (JDW) 1,077.00p -1.37%
Nostrum Oil & Gas (NOG) 373.60p -1.37% |
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| | UK Event Calendar | | INTERIMS
EMIS Group
INTERIM DIVIDEND PAYMENT DATE
Amino Technologies, Blackrock Income And Growth Investment Trust, Domino's Pizza Group, Moneysupermarket.com Group, Porvair
QUARTERLY PAYMENT DATE
JPMorgan Claverhouse Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Auto Sales (US) (20:30)
Construction Spending (US) (15:00)
ISM Manufacturing (US) (15:00)
ISM Prices Paid (US) (15:00)
Non-Farm Payrolls (US) (13:30)
U. of Michigan Confidence (US) (15:00)
Unemployment Rate (US) (13:30)
SPECIAL DIVIDEND PAYMENT DATE
Northern Bear
AGMS
Anglesey Mining
FINAL DIVIDEND PAYMENT DATE
Aberdeen New Dawn Investment Trust, Calculus VCT , Cranswick, Motorpoint Group, Northern Bear, Pennon Group, QinetiQ Group, RPC Group |
| | 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 higher as traders sift through data Wall Street finished higher on Thursday, on the back of generally upbeat readings on the economy and ahead of the release of the all-important monthly US jobs report which was due out on the next day.
The Dow Jones Industrial Average was up 0.25% at 21,948.10, the S&P 500 finished 0.57% firmer at 2,471.65 and the Nasdaq 100 was 0.94% stronger at 5,988.60.
However, readings on a key inflation index underwhelmed most analysts on the Street, with potential implications for the monetary policy outlook.
The year-on-year rate of gains in the 'core' deflator for personal consumption expenditures slipped from 1.5% in June to 1.4% for last month.
"With earnings remaining subdued - albeit on a slightly positive trajectory this year - I'm not sure we're seeing enough to convince already uncertain policy makers that the current pace of tightening is appropriate," said Oanda senior market analyst Craig Erlam.
"The December meeting - the most likely timing for the final rate hike this year - is fast approaching and without an improvement in the inflation and income data soon, it may well pass with rates unchanged and expectations going forward much lower."
On the economic front, Market News International's Chicago PMI for August printed at 58.9, pointing to unchanged levels of activity in that area of the country.
That was slightly ahead of forecasts for a dip to 58.3.
The National Association of Realtors' pending home sales index for July dropped by 0.8% on the month, compared to a consensus for 0.3%.
Initial US unemployment claims for the week ending on 31 August rose by 1,000 to 236,000, against a consensus for 235,000.
After the deluge of data on Thursday, the next big focus will be Friday's non-farm payrolls report as investors look for clues on hiring, wages and potential inflation pressures.
Shares of Campbell Soup were on the back foot, losing 8.06% after the New Jersey-based outfit posted a weaker than expected bottom-line amid falling sales.
The Dow Jones Industrial Average was up 0.25% at 21,948.10, the S&P 500 finished 0.57% firmer at 2,471.65 and the Nasdaq 100 was 0.94% stronger at 5,988.60.
However, readings on a key inflation index underwhelmed most analysts on the Street, with potential implications for the monetary policy outlook.
The year-on-year rate of gains in the 'core' deflator for personal consumption expenditures slipped from 1.5% in June to 1.4% for last month.
"With earnings remaining subdued - albeit on a slightly positive trajectory this year - I'm not sure we're seeing enough to convince already uncertain policy makers that the current pace of tightening is appropriate," said Oanda senior market analyst Craig Erlam.
"The December meeting - the most likely timing for the final rate hike this year - is fast approaching and without an improvement in the inflation and income data soon, it may well pass with rates unchanged and expectations going forward much lower."
On the economic front, Market News International's Chicago PMI for August printed at 58.9, pointing to unchanged levels of activity in that area of the country.
That was slightly ahead of forecasts for a dip to 58.3.
The National Association of Realtors' pending home sales index for July dropped by 0.8% on the month, compared to a consensus for 0.3%.
Initial US unemployment claims for the week ending on 31 August rose by 1,000 to 236,000, against a consensus for 235,000.
After the deluge of data on Thursday, the next big focus will be Friday's non-farm payrolls report as investors look for clues on hiring, wages and potential inflation pressures.
Shares of Campbell Soup were on the back foot, losing 8.06% after the New Jersey-based outfit posted a weaker than expected bottom-line amid falling sales.
Dollar General was also moving lower, softening 5.43% as investors marked down its shares after the discount retailer guided towards full-year earnings per share of between $4.35 to $4.50.
was also moving lower, softening 5.43% as investors marked down its shares after the discount retailer guided towards full-year earnings per share of between $4.35 to $4.50.
Nasdaq 100 - Risers
Mercadolibre Inc. (MELI) $258.47 4.75%
Biogen Inc (BIIB) $316.56 4.22%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $221.01 3.48%
Expedia Inc. (EXPE) $148.36 3.43%
Celgene Corp. (CELG) $138.93 3.42%
Hasbro Inc (HAS) $98.25 3.12%
Gilead Sciences Inc. (GILD) $83.71 3.05%
Mylan Inc. (MYL) $31.48 2.91%
Biomarin Pharmaceutical Inc. (BMRN) $90.19 2.90%
Alexion Pharmaceuticals Inc. (ALXN) $142.25 2.86%
Nasdaq 100 - Fallers
Ctrip.Com International Ltd. Ads (CTRP) $51.45 -2.41%
Mondelez International Inc. (MDLZ) $40.66 -2.33%
Western Digital Corp. (WDC) $88.27 -2.25%
Viacom Inc. Class B (VIAB) $28.60 -1.82%
Kraft Heinz Co. (KHC) $80.75 -1.44%
O'Reilly Automotive Inc. (ORLY) $196.13 -0.99%
J.B. Hunt Transport Services Inc. (JBHT) $98.89 -0.89%
Applied Materials Inc. (AMAT) $45.12 -0.77%
Incyte Corp. (INCY) $137.41 -0.62% |
| | 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 | | Friday newspaper round-up: Philip Green, John Lewis, SSE, VW Sir Philip Green has threatened the MP Frank Field with legal action after the Labour politician claimed to have seen leaked details of the official investigation into the BHS pension crisis. Last week Field told a radio programme that he has new information from the original investigation launched by the Pensions Regulator into the £571m BHS pension black hole left by the owners when the high street chain collapsed in April last year. - Guardian
Can they fix it? John Lewis reckons it knows someone who can. Middle England's favourite retailer has signed up an army of plumbers, electricians, decorators and gardeners to offer a new home maintenance service launching next month. The retailer, which has built up one of the most trusted brands in the UK partly thanks to its highly rated customer service and "never knowingly undersold"pledge, is now aiming to make employing a tradesperson a lot less hit and miss. - Guardian
Britain's second largest energy supplier has steadily grown the profits it makes from supplying energy to households for a third year in a row despite mounting political pressure to keep bills low. The energy regulator has revealed that SSE is the only Big Six supplier to have grown its pre-tax margins every year since 2013, even as the debate over energy bills and profits has heated up. - Telegraph
Volkswagen - the car maker whose emissions scandal sparked the huge backlash against diesel - has launched its own scrappage scheme. The German car giant is offering discounts on its new cars of between £1,800 and £6,000 to buyers who trade in older diesel models. - Telegraph
Petrofac's chief executive made more than €300,000 by betting on a share price fall at a rival oil services company after its boss tipped him off about his imminent resignation, financial regulators in Italy have said. Ayman Asfari bought put options in Saipem on the morning of December 5, 2012, hours before Pietro Franco Tali's shock resignation as chief executive over an investigation into alleged corruption. Two days later, after Saipem shares fell, Mr Asfari sold the put options for almost five times their purchase price, making a €302,506 profit. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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