| | | | | | | 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 open: Stocks edge higher ahead of retail sales, Fed announcement London stocks edged tentatively higher in early trade on Wednesday as investors eyed the release of UK retail sales data and the latest policy announcement from the US Federal Reserve.
At 0830 BST, the FTSE 100 was up 0.2% to 7,287.82.
The Fed is widely expected to stand pat on interest rates, but the central bank may well outline plans to wind down its balance sheet.
David Morrison, senior market strategist at SpreadCo, said: "The FOMC will update its economic projections and give its latest forecasts for GDP growth, unemployment, inflation and interest rates.
"The Fed is also expected to reveal details of how and when it will begin to wind down its $4.5trn balance sheet. The Fed is aiming to reduce it to around $2-2.5trn by allowing $10 - $50 billion of bonds to mature each month without reinvesting the proceeds. The programme is expected to begin next month. So a $2trn reduction even at the higher $50bn per-month rate suggests a wind-down period of around four years. This sounds cautious enough. However, in just the same way that this form of quantitative easing had never been tried before, it follows that no one has ever attempted to reduce it either."
UK retail sales are at 0930 BST and the FOMC rate announcement is at 1900 BST.
On the corporate front, Kingfisher rallied after the B&Q owner posted better profits than were expected for the first half of the year but remained cautious on the second half backdrop in the UK and France.
Shire nudged just a touch lower saying that it and its Japanese partner Shionogi & Co Ltd on saw positive results from a phase III clinical trial of Intuniv in adults with attention deficit hyperactivity disorder.
Domino's Pizza gained ground after announcing a £15m share buyback programme and Cairn Energy edged higher as said a final hearing for its tax dispute with India has been scheduled for August 2018.
Going the other way, Diageo was in the red as it said it remained "well set up" to deliver in line with its own expectations but warned that the first-half organic net sales growth rate will be hit by the later timing of Chinese New Year and by the expected impact of the highway ban in India.
GlaxoSmithKline slipped a little even as it and Innoviva reported positive headline results from a phase-three impact study of Trelegy Ellipta, a triple-therapy inhaler for patients with chronic obstructive pulmonary disease.
Outsourcer Mitie was under the cosh as it said it will cut 480 jobs by the end of the year as a result of its transformation programme and that it is considering selling its property management division.
BTG fell after saying it has been ordered to pay $55.8m in damages plus interest and costs to Wellstat Therapeutics in a dispute over the distribution of Vistogard, an antidote to the overdose of two chemotherapy drugs. |
| | Don't leave your pension on autopilot. | | 
Take control of your retirement with The Share Centre’s low cost fixed fee Self-Invested Personal Pension today. Capital at risk Click here |
| Market Movers
FTSE 100 (UKX) 7,287.82 0.17%
FTSE 250 (MCX) 19,548.50 0.07%
techMARK (TASX) 3,436.85 0.16%
FTSE 100 - Risers
Kingfisher (KGF) 317.90p 7.25%
Sage Group (SGE) 713.00p 1.49%
Prudential (PRU) 1,775.00p 1.02%
BT Group (BT.A) 287.60p 0.91%
Next (NXT) 5,020.00p 0.84%
Croda International (CRDA) 3,778.00p 0.83%
Marks & Spencer Group (MKS) 342.80p 0.82%
Babcock International Group (BAB) 806.00p 0.75%
G4S (GFS) 279.70p 0.72%
Glencore (GLEN) 348.50p 0.69%
FTSE 100 - Fallers
Diageo (DGE) 2,460.00p -1.44%
Burberry Group (BRBY) 1,759.00p -1.07%
Lloyds Banking Group (LLOY) 65.55p -0.68%
CRH (CRH) 2,651.00p -0.67%
TUI AG Reg Shs (DI) (TUI) 1,280.00p -0.54%
Rio Tinto (RIO) 3,504.50p -0.38%
Coca-Cola HBC AG (CDI) (CCH) 2,531.00p -0.35%
Barclays (BARC) 187.75p -0.29%
Royal Bank of Scotland Group (RBS) 254.90p -0.23%
Hammerson (HMSO) 540.50p -0.18%
FTSE 250 - Risers
Millennium & Copthorne Hotels (MLC) 470.00p 3.36%
Domino's Pizza Group (DOM) 284.00p 3.24%
Clarkson (CKN) 2,897.00p 2.37%
Hikma Pharmaceuticals (HIK) 1,168.00p 1.57%
PayPoint (PAY) 929.50p 1.42%
Inmarsat (ISAT) 634.00p 1.36%
SIG (SHI) 184.40p 1.32%
Provident Financial (PFG) 746.00p 1.29%
Travis Perkins (TPK) 1,465.00p 1.24%
Aveva Group (AVV) 2,443.00p 1.24%
FTSE 250 - Fallers
Mitie Group (MTO) 249.40p -3.45%
Ibstock (IBST) 229.20p -2.76%
Lancashire Holdings Limited (LRE) 636.00p -2.53%
Rank Group (RNK) 222.00p -2.29%
Metro Bank (MTRO) 3,409.00p -2.26%
Euromoney Institutional Investor (ERM) 1,126.00p -2.09%
Hill & Smith Holdings (HILS) 1,226.00p -2.08%
BTG (BTG) 654.00p -1.95%
FDM Group (Holdings) (FDM) 987.50p -1.45% |
| | UK Event Calendar | | Wednesday September 20
INTERIMS
Accesso Technology Group, Attraqt Group , Cambian Group, Kingfisher, Science In Sport, Shield Therapeutics
QUARTERLY PAYMENT DATE
Brunner Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Existing Home Sales (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Producer Price Index (GER) (07:00)
Q2
Kingfisher
AGMS
Adamas Finance Asia Limited (DI), Alcentra Euorpean Floating Rate Income Fund Ltd Red Ord Shs, Diageo, Eckoh, Mercantile Ports & Logistics Limited, Scholium Group, United Carpets Group
TRADING ANNOUNCEMENTS
Babcock International Group
UK ECONOMIC ANNOUNCEMENTS
CBI Industrial Trends Surveys (11:00)
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Aberdeen Private Equity Fund Ltd. Sterling Part Shares, Bloomsbury Publishing, Ramsdens Holdings
|
| | 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: Markets finish higher as Trump addresses UN Stocks on Wall Street finished higher on Tuesday as investors listened in on a speech by the American president to the United Nations general assembly, and ahead of the US Federal Reserve's policy decision the next day.
The Dow Jones Industrial Average added 0.18% to 22,370.80, while the S&P 500 finished ahead 0.11% at 2,506.65 and the Nasdaq 100 was 0.17% firmer at 5,991.08.
Giving sentiment a boost, a CNBC report reignited speculation of a potential merger between Sprint and T-Mobile, lighting a fire under the entire telecoms space.
Additionally, in a speech at the UN's New York headquarters US president Donald Trump told the General Assembly "much more" needed to be done on North Korea and labelled Tehran a "murderous regime".
Looking out to the next session, following their two days of meetings rate-setters at the US central bank were expected to announce the start of their balance sheet tapering, which many analysts appeared to believe would go largely unnoticed because it had been clearly 'telegraphed' for some time now.
However, there was slight uncertainty about by just how much the Fed would adjust its guidance for interest rate increases over the next two years, although quite a few analysts appeared to be rather skeptical that it would be able to raise the Fed funds rate by more than twice or thrice by year-end 2018.
On a related note, perhaps, Jim Reid at Deutsche Bank told clients: "there are a number of areas of the global financial system that look at extreme levels.
"This includes valuations in many asset classes, the unique size of central bank balance sheets, sky high debt levels, ultra-low interest rates and even the level of potentially game-changing populist political support around the globe.
Economic data on Tuesday came in mixed, with US housing starts printing at an annualised pace of 1.18m for August, according to the Department of Commerce, as economists correctly forecast.
Meanwhile, according to the Bureau of Economic Analysis over the three months to June the country's shortfall on its current account deficit grew from -$113.5bn one year ago to -$123.1bn (consensus: -$110.5bn).
In other corporate news, privately-held Toys R' Us vied with telecoms shares for investors' attention after the toy retailer succumbed to pressure from its digital rivals, forcing it to file for Chapter 11.
The news dragged down its suppliers such as Mattel initially, although that stock finished 1.21% above the waterline.
Pharmacy retail giant Walgreens Boots Alliance announced plans to buy 1,932 establishments and three distribution centres from rival Rite Aid for $4.38bn, sending its stock down 1.68%.
Post Holdings was also in the headlines after disclosing it would buy Bob Evans Farms' equity for roughly $1.5bn - its shares finished 0.62% higher.
Shares in AutoZone slid 5.87%, despite the company posting better-than-expected top and bottom line figures for its fiscal fourth quarter.
Dow Jones - Risers
Verizon Communications Inc. (VZ) $49.35 2.60%
American Express Co. (AXP) $89.00 1.29%
JP Morgan Chase & Co. (JPM) $93.94 1.10%
Procter & Gamble Co. (PG) $94.21 1.10%
Chevron Corp. (CVX) $116.34 1.00%
United Technologies Corp. (UTX) $113.55 0.78%
Caterpillar Inc. (CAT) $124.74 0.73%
Intel Corp. (INTC) $37.23 0.62%
Goldman Sachs Group Inc. (GS) $228.91 0.61%
Visa Inc. (V) $105.41 0.55%
Dow Jones - Fallers
Unitedhealth Group Inc. (UNH) $194.62 -1.79%
General Electric Co. (GE) $24.20 -1.06%
Nike Inc. (NKE) $53.33 -0.32%
Coca-Cola Co. (KO) $45.98 -0.28%
Pfizer Inc. (PFE) $35.47 -0.28%
Boeing Co. (BA) $252.68 -0.24%
Johnson & Johnson (JNJ) $135.22 -0.12%
Travelers Company Inc. (TRV) $120.58 -0.12%
International Business Machines Corp. (IBM) $144.40 -0.11%
Home Depot Inc. (HD) $157.66 -0.10%
S&P 500 - Risers
Leucadia National Corp. (LUK) $24.29 3.94%
NRG Energy Inc. (NRG) $24.62 3.27%
Alcoa Corporation (AA) $46.20 2.87%
Progressive Corp. (PGR) $47.62 2.85%
Deere & Co. (DE) $123.09 2.66%
NetApp Inc. (NTAP) $41.71 2.66%
Verizon Communications Inc. (VZ) $49.35 2.60%
Freeport-McMoRan Inc (FCX) $14.48 2.48%
Wynn Resorts Ltd. (WYNN) $147.01 2.20%
AT&T Inc. (T) $38.23 2.11%
S&P 500 - Fallers
Best Buy Co. Inc. (BBY) $52.75 -8.00%
Centene Corp. (CNC) $89.77 -5.08%
AutoZone Inc. (AZO) $535.19 -5.01%
Frontier Communications Co. (FTR) $11.97 -4.39%
Seagate Technology Plc (STX) $32.18 -4.00%
Kellogg Co. (K) $65.87 -3.99%
Advance Auto Parts (AAP) $94.85 -3.78%
O'Reilly Automotive Inc. (ORLY) $202.91 -3.41%
Humana Inc. (HUM) $240.04 -3.38%
Under Armour Inc. Class A (UAA) $16.81 -3.22%
Nasdaq 100 - Risers
T-Mobile Us, Inc. (TMUS) $65.42 5.86%
Wynn Resorts Ltd. (WYNN) $147.01 2.20%
Hasbro Inc (HAS) $94.99 1.88%
Marriott International - Class A (MAR) $107.35 1.71%
Facebook Inc. (FB) $172.52 1.48%
Micron Technology Inc. (MU) $35.95 1.47%
Paypal Holdings Inc (PYPL) $63.83 1.45%
Mattel Inc. (MAT) $15.05 1.21%
Symantec Corp. (SYMC) $34.16 1.15%
KLA-Tencor Corp. (KLAC) $102.01 1.09%
Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $32.18 -4.00%
O'Reilly Automotive Inc. (ORLY) $202.91 -3.41%
Tesla Inc (TSLA) $375.10 -2.57%
Henry Schein Inc. (HSIC) $79.14 -2.18%
Illumina Inc. (ILMN) $204.95 -2.13%
American Airlines Group (AAL) $44.38 -2.05%
NetEase Inc. Ads (NTES) $287.28 -2.05%
Walgreens Boots Alliance, Inc. (WBA) $81.21 -1.68%
Mylan Inc. (MYL) $30.98 -1.65% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Wednesday newspaper round-up: Takeover rules, defence cuts, hotel issues Bidders for UK stock market listed companies must lay out more detailed plans for their target, including location of its head office and research and development investment, under proposed rules put forward by the takeover watchdog and backed by the government. The new rules, which were published in a consultation document on Tuesday, also give companies, unions and other employee representatives more time to respond to bids in changes which follow the controversial £115bn attempted takeover of Unilever by Kraft Heinz earlier this year. - Guardian
Military chiefs are considering reducing the size of the Royal Marines by 1,000 as part of a cost-cutting defence review, The Times understands. Other options include scrapping at least one amphibious assault ship, the early retirement of a fleet of C130 transport aircraft and a slowdown in the purchase of F35 fast jets as the Ministry of Defence must find up to £3 billion a year in savings to fund a ten-year plan for the shape and size of the armed forces that was unveiled in 2015. - The Times
Public services will deteriorate unless the government scraps its cap on public sector pay and finds the money to cover the extra cost without squeezing budgets, a leading think tank has warned. The Institute for Fiscal Studies said that standards would drop at hospitals and schools in particular if the government were to run into recruitment problems because of low pay. - The Times
The weak pound may have proved a boon to British hotels, but the rising cost of imported goods is starting to put a squeeze on margins while filling job vacancies is proving a challenge. According to a report by PWC, the accountancy firm, the slump in the value of sterling has attracted more foreign tourists, helping the hotel industry to withstand the impact of the terrorist attacks in London and Manchester, but the report predicts growth next year will be slower because of a deceleration in the economy, some waning of the effect of the weak pound on tourism and a big increase in new room supply. - The Times
US airlines have told the UK to move faster to ensure passenger and cargo flights to Heathrow, Stansted and other airports will continue without disruption after Britain leaves the EU. The aviation trade body Airlines for America, whose members include United, American Airlines and FedEx, says the multibillion pound traffic in both directions will be put at risk unless politicians concentrate their minds on the impact Brexit will have on the industry. - Guardian
Ryanair has offered pilots a one-off bonus of up to £12,000 to forfeit holidays, according to a memo seen by the Guardian, as it battles to prevent further flight cancellations caused by a "mess-up" in its rota system. The Irish airline's chief executive, Michael O'Leary, apologised this week after saying that up to 50 flights a day would be cancelled until 31 October, affecting about 400,000 passengers. - Guardian
Heathrow is urging the Government to scrap a punitive travel tax on domestic flights to support economic growth as part of a nine-point Brexit plan. The airport has written to the Chancellor Philip Hammond ahead of the Budget in November with a plea for air passenger duty (APD) to be removed on domestic routes, arguing that UK passengers pay an extra £225m each year compared to those in Europe. - Telegraph
British Airways has begun consultations with employees and trade bodies over a new pension plan a fortnight after its proposal to close its earlier scheme was blasted by unions. The carrier said the new scheme would be "more flexible", giving staff pension choices such as whether to take the employer contribution to the scheme as cash or for higher employer contributions. - Telegraph
The Treasury Select Committee has questioned a decision by the UK audit watchdog to clear KPMG over its work with HBOS just before its rescue, with chairman Nicky Morgan demanding a full explanation as to why the auditor has been allowed to get off scot-free. The Financial Reporting Council (FRC) is closing its probe into the accounting giant's conduct after finding its audit of HBOS just before it collapsed and was taken over by Lloyds "did not fall significantly short of the standards reasonably to be expected". - Telegraph
Purplebricks has been accused of "corporate bullying" by the operators of a consumer review website that the online estate agent has threatened to sue. Allagents, which lists consumers' reviews of estate agents, said that it had taken the "unprecedented step" of suspending the Purplebricks account on its site after receiving a legal letter over negative reviews that it was hosting. - The Times
Business leaders remain confident in London's status as a base for their companies, tipping the technology and creative sector as a key area for UK growth. New research from the Confederation of British Industry (CBI) claims nine in ten (91pc) of the capital's business leaders still believe London remains a good or great base for businesses, despite Brexit-related risks. - Telegraph
BHP Billiton is rethinking its membership of Australia's leading mining organisation over differences on climate change. The world's largest mining company, and one of the world's largest producers of coal, committed yesterday to publishing a review of its membership of trade associations and explicitly disclosing where there were "material differences" in their positions. - The Times
Printer manufacturers are facing a groundbreaking criminal lawsuit in France over claims that they deliberately limit the lifespan of their machines. The lawsuit has been brought by Halte à l'Obsolescence Programmée (Stop Planned Obsolescence), an environmental association, after laws were introduced to ensure that household appliances last longer. - The Times
It was the classic British off-roader, whose many fans ranged from the Queen to Fidel Castro. Now the Land Rover Defender's "spiritual successor" could be built by one of its richest devotees - on a German production line. Jim Ratcliffe, the billionaire British industrialist, claimed yesterday that he could create up to 10,000 jobs by manufacturing his new 4x4 in the UK but warned that it was likely to be made overseas unless the government gave him financial support. - The Times
French oil company Total is in talks with tech giants Google and Microsoft to help develop bespoke artificial intelligence (AI) in the energy sector's race to tap digital technologies. Engineers at Total are currently working alongside top software developers to explore how complex algorithms could be applied to its work in oil and gas. - Telegraph | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment