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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks edge lower but Wetherspoons rallies on results London stocks were lower in early trade on Friday, but losses were contained as investors reacted fairly calmly to news that North Korea had fired another ballistic missile over Japan, with some cheer in the form of bubbly results from pub operator JD Wetherspoon.
At 0830 BST, the FTSE 100 was down 0.4% to 7,269.29, while the pound was 0.2% firmer against the euro and the dollar at 1.1259 and 1,3424, respectively, having shot higher on Thursday after the Bank of England signalled that it would lift rates sooner than forecast.
The missile from North Korea was said to have travelled 3,700km before landing in the sea off Hokkaido, flying further and higher than the one fired over Japan last month. The launch comes just days after the UN Security Council approved fresh sanctions against Pyongyang for its nuclear test on 3 September.
Spreadex analyst Connor Campbell said: "These North Korea missile launches seems to be following the law of diminishing returns - at least market-wise with the latest provocation from Pyongyang greeted with something of a shrug from investors."
There are no major UK data releases due but in the US, retail sales are at 1330 BST, while University of Michigan consumer sentiment is at 1500 BST.
On the corporate front, JD Wetherspoon surged after it served up a potent 43% shot of earnings growth and a passionate diatribe about Brexit from founder and chairman Tim Martin. On like-for-like sales that rose 4.0% in the 53 weeks to 30 July, profit before tax and exceptional items increased 13.7% to £76.4m and earnings per share to 69.2p.
JD Sports Fashion edged higher after announcing a joint venture agreement with South Korean footwear retailer, Shoemarker Inc, in relation to its J&S Partners unit, which currently trades as Hot-T. The company has bought an initial 15% of Hot-T for a cash consideration of around £5.5m.
Indivior gained ground after saying it has launched patent infringement lawsuits against Dr Reddy's, Actavis, Par, Alvogen, Teva, and Mylan over generic versions of its opioid addiction treatment Suboxone.
Shares in Coca‑Cola HBC slipped as it said that chief executive officer Dimitris Lois will be taking a temporary leave of absence from the company in order to undergo treatment for a medical condition.
GlaxoSmithKline nudged down despite saying it had received a "positive opinion" for its Trelegy Ellipta treatment for chronic obstructive pulmonary disease from the European Medical Authority's Committee for Medicinal Products for Human Use.
Petrofac gushed higher after RBC Capital Markets upped its stance on the oilfield services provider to 'sector perform' from 'underperform', but Carnival was hit by a downgrade to 'neutral' from Credit Suisse, which removed the stock from its 'focus list'. |
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| Market Movers
FTSE 100 (UKX) 7,269.29 -0.36%
FTSE 250 (MCX) 19,466.68 -0.29%
techMARK (TASX) 3,433.43 -0.18%
FTSE 100 - Risers
Next (NXT) 5,075.00p 1.62%
Morrison (Wm) Supermarkets (MRW) 233.90p 0.65%
Randgold Resources Ltd. (RRS) 7,655.00p 0.59%
Babcock International Group (BAB) 800.00p 0.57%
SSE (SSE) 1,408.00p 0.28%
CRH (CRH) 2,650.00p 0.23%
Scottish Mortgage Inv Trust (SMT) 429.40p 0.21%
GKN (GKN) 338.20p 0.21%
British American Tobacco (BATS) 4,702.00p 0.20%
Severn Trent (SVT) 2,218.00p 0.18%
FTSE 100 - Fallers
Carnival (CCL) 4,972.00p -2.51%
Provident Financial (PFG) 815.50p -1.69%
Reckitt Benckiser Group (RB.) 6,832.00p -1.51%
Merlin Entertainments (MERL) 444.00p -1.25%
Pearson (PSON) 579.50p -1.19%
Glencore (GLEN) 347.95p -1.04%
Mediclinic International (MDC) 704.00p -0.98%
Antofagasta (ANTO) 944.50p -0.89%
Anglo American (AAL) 1,305.00p -0.87%
Rolls-Royce Holdings (RR.) 895.50p -0.78%
FTSE 250 - Risers
Wetherspoon (J.D.) (JDW) 1,115.00p 6.80%
Millennium & Copthorne Hotels (MLC) 456.00p 2.82%
CLS Holdings (CLI) 210.00p 1.89%
Euromoney Institutional Investor (ERM) 1,159.00p 1.40%
Carillion (CLLN) 45.10p 1.39%
Coats Group (COA) 78.95p 1.22%
Redefine International (RDI) 37.94p 1.09%
TalkTalk Telecom Group (TALK) 212.20p 1.05%
Berkeley Group Holdings (The) (BKG) 3,499.00p 0.89%
TR Property Inv Trust (TRY) 378.00p 0.80%
FTSE 250 - Fallers
McCarthy & Stone (MCS) 146.60p -2.85%
Tullow Oil (TLW) 158.50p -2.10%
Entertainment One Limited (ETO) 255.20p -2.03%
Ascential (ASCL) 361.90p -1.82%
Spire Healthcare Group (SPI) 247.90p -1.70%
NMC Health (NMC) 2,730.00p -1.37%
Vedanta Resources (VED) 812.00p -1.34%
Lancashire Holdings Limited (LRE) 652.00p -1.29%
Big Yellow Group (BYG) 748.50p -1.25% |
| | Market Analysis 13/09/2017 Today’s highlights: Wall Street at all-time high - Wall Street closes at all-time high: As fears regarding North Korea and hurricane Irma subside, the bull run in the US continued yesterday. The Dow Jones, S&P 500 and Nasdaq all closed at an all-time high.
- Asia seen higher: Leading indices in the East, such as the Nikkei, were trading in the green this morning – some reaching levels not seen in 10 years. In contrast, the China50 index registered small losses.
Read More... |
| | Friday, 15 September FINALS
Wetherspoon (J.D.) TRADING ANNOUNCEMENTS
SThree AGMs
SVM UK Emerging Fund, Tungsten Corporation, Blenheim Natural Resources, Aberdeen Private Equity Fund Ltd.,
Sterling Part Shares, Invesco Income Growth Trust, PetroNeft Resources EGMs
JSC Federal Grid Company of Unified Energy System GDR (REG S) FINAL DIVIDEND PAYMENT DATE
Ashtead Group, Severfield, Walker Crips Group, Greene King, Lazard World Trust Fund, London & Associated Properties INTERIM DIVIDEND PAYMENT DATE
Informa, Apax Global Alpha Limited, Berkeley Group Holdings (The), Maven Income & Growth 4 VCT, RM Secured Direct Lending, Securities Trust of Scotland
IMI, Chemring Group, Maven Income and Growth VCT 5, GCP Infrastructure Investments Ltd, Maven Income & Growth 3 VCT, Hazel Renewable Energy VCT 1, North Midland Construction, Maven Income & Growth 2 VCT, Hazel Renewable Energy VCT 2, Pearson, Synectics SPECIAL DIVIDEND PAYMENT DATE
Cambian Group QUARTERLY EX-DIVIDEND PAYMENT DATE
General Electric Co. QUARTERLY PAYMENT DATE
BlackRock World Mining Trust, Canadian General Investments Ltd., Carnival INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Retail Sales (US) (13:30)
Industrial Production (US) (14:15)
U. of Michigan Confidence (Prelim) (US) (15:00)
Business Inventories (US) (15:00) |
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| | US Market Report | | US close: Markets mixed on rate hike fears Wall Street markets closed mostly lower on Thursday, with investors growing concerned at the possibility of tighter monetary policy from the Federal Reserve after the release of strong inflation data.
The Dow Jones Industrial Average finished the day up 0.2% at 22,203.48, while the S&P 500 was off 0.11% at 2,495.62 and the Nasdaq Composite lost 0.48% to 6,249.08.
On the economic front, the consumer price index rose 1.9% year-on-year in August, ahead of a Reuters-polled consensus forecast for a 1.8% rise.
Leading the charge on consumer prices were gasoline and residential rent.
Investors quickly translated that into concern over another rates hike, with expectations for a rise in December jumping to 52.9% from 41.3% after the CPI was released, according to CME Group's FedWatch.
There was also still focus on geopolitical tension on the Korean peninsula, as reports emerged that Pyongyang could be preparing to test an intercontinental ballistic missile.
On the corporate front, Lattice Semiconductor was down 0.35% after President Donald Trump cancelled a buyout of the chipmaker by China-based investment funds, calling it a national security risk.
Credit reporting agency Equifax was off 2.35% after the Federal Trade Commission confirmed it was launching an investigation into its massive data breach of up to 143 million American consumers.
William Lyon Homes was down 5.36% after the Paulson & Co hedge fund said it was looking to sell its share of the housebuilder, while home goods retailer Bed Bath & Beyond was under the cosh, falling 1.67% after a price target cut from UBS.
Apple was 0.86% softer as further details on its new iPhone smartphone range were released.
Dow Jones - Risers
United Technologies Corp. (UTX) $113.14 2.59%
Pfizer Inc. (PFE) $35.73 1.91%
Boeing Co. (BA) $245.23 1.36%
Johnson & Johnson (JNJ) $134.27 1.31%
Merck & Co. Inc. (MRK) $66.12 1.02%
3M Co. (MMM) $211.70 0.93%
Caterpillar Inc. (CAT) $120.51 0.71%
General Electric Co. (GE) $24.26 0.62%
Intel Corp. (INTC) $36.48 0.41%
Exxon Mobil Corp. (XOM) $80.09 0.40%
Dow Jones - Fallers
Coca-Cola Co. (KO) $46.09 -1.62%
Travelers Company Inc. (TRV) $119.96 -1.28%
Walt Disney Co. (DIS) $97.90 -0.93%
Apple Inc. (AAPL) $158.28 -0.86%
Microsoft Corp. (MSFT) $74.77 -0.59%
American Express Co. (AXP) $86.19 -0.52%
Home Depot Inc. (HD) $159.38 -0.40%
International Business Machines Corp. (IBM) $145.54 -0.31%
Unitedhealth Group Inc. (UNH) $197.67 -0.30%
Wal-Mart Stores Inc. (WMT) $79.75 -0.23%
S&P 500 - Risers
Tenet Healthcare Corp. (THC) $17.16 5.67%
Chesapeake Energy Corp. (CHK) $4.11 4.06%
First Solar Inc. (FSLR) $48.43 3.42%
Kimco Realty Corp. (KIM) $20.49 3.22%
Range Resources Corp. (RRC) $18.78 2.90%
EQT Corp. (EQT) $64.94 2.79%
United Technologies Corp. (UTX) $113.14 2.59%
Macerich Co (MAC) $55.79 2.39%
Federal Realty Inv Trust (FRT) $131.01 2.10%
Simon Property Group Inc. (SPG) $163.75 2.07%
S&P 500 - Fallers
Endo International Plc (ENDP) $8.62 -7.11%
Frontier Communications Co. (FTR) $12.92 -6.04%
Tiffany & Co. (TIF) $90.94 -4.77%
Henry Schein Inc. (HSIC) $161.15 -4.58%
Navient Corporation (NAVI) $13.78 -4.57%
Amerisource Bergen Corp. (ABC) $80.67 -4.31%
United States Steel Corp. (X) $25.61 -3.94%
CBS Corp. (CBS) $58.15 -3.90%
McKesson Corp. (MCK) $151.67 -3.81%
XL Group Ltd (XL) $39.24 -3.44%
Nasdaq 100 - Risers
Tesla Inc (TSLA) $377.64 3.12%
Cerner Corp. (CERN) $71.94 2.03%
Applied Materials Inc. (AMAT) $47.05 2.02%
Discovery Communications Inc. Class A (DISCA) $21.48 1.32%
Xilinx Inc. (XLNX) $67.84 1.30%
Discovery Communications Inc. Class C (DISCK) $20.20 1.20%
Microchip Technology Inc. (MCHP) $89.24 1.02%
QUALCOMM Inc. (QCOM) $51.48 0.92%
Regeneron Pharmaceuticals Inc. (REGN) $441.26 0.80%
KLA-Tencor Corp. (KLAC) $97.46 0.74%
Nasdaq 100 - Fallers
Henry Schein Inc. (HSIC) $161.15 -4.58%
Incyte Corp. (INCY) $119.76 -3.10%
T-Mobile Us, Inc. (TMUS) $61.17 -2.60%
Charter Communications Inc. (CHTR) $376.00 -2.37%
Vertex Pharmaceuticals Inc. (VRTX) $153.38 -2.18%
Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $58.76 -2.13%
Mylan Inc. (MYL) $32.87 -2.06%
Viacom Inc. Class B (VIAB) $27.36 -1.97%
Dentsply International Inc. (XRAY) $58.12 -1.72% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Friday newspaper round-up: Sky, Sports Direct, Channel 4, RBS James Murdoch has warned the government not to turn its back on 21st Century Fox's bid for Sky as the UK prepares to leave the European Union, claiming Brexit makes it more important than ever that the country attracts investment. Murdoch said he was looking forward to going through the regulatory process on the deal if the UK "truly is open for business", and defended his track record as chief executive and chairman of Sky, saying that "has to count for something". - Guardian
MPs on two parliamentary select committees have challenged Sports Direct over claims it is deliberately under-paying couriers by mislabeling heavy items, including bicycles, as lightweight packets to avoid paying the fair delivery cost. Frank Field, Labour MP and chair of the Commons work and pensions select committee, said he had written to Mike Ashley, the billionaire Sports Direct founder, to demand answers following concerns raised by a whistleblower at delivery company Hermes. - Guardian
The Government has signalled that significant parts of Channel 4 will be allowed to remain in London if the broadcaster agrees to move some programme commissioning and other teams. The Culture Secretary Karen Bradley said Channel 4 must establish a "major presence" outside the capital including decision making. - Telegraph
Nicky Morgan, the chair of the Treasury committee, has slammed the decision by City watchdog the Financial Conduct Authority (FCA) not to publish its full report into RBS's controversial restructuring arm. Pressure has been building on the FCA in recent weeks to publish its investigation into the taxpayer-owned bank's Global Restructuring Group (GRG), after it was leaked to the BBC last month. - Telegraph
The head of Britain's media watchdog has hit out at the government's decision to ignore its advice on 21st Century Fox's £11.7 billion bid for Sky after ministers rejected its recommendations. Ofcom had proposed that the deal be referred to the Competition and Markets Authority (CMA) for further scrutiny on the grounds of media plurality but not broadcasting standards. Karen Bradley, the culture secretary, has overruled Ofcom's recommendation and referred the deal to the CMA for an investigation on both counts. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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