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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 ahead of data; Greene King tumbles London stocks edged lower in early trade on Friday ahead of a deluge of data releases, with pub group Greene King under the cosh as it warned over its outlook and reported a drop in sales.
At 0830 BST, the FTSE 100 was down 0.2% to 7,383.11, while the pound was flat against the euro at 1.0902 and up 0.2% versus the greenback at 1.3129.
On the data front, industrial and manufacturing production, construction output and the trade balance are due at 0930 BST.
CMC Markets analyst Michael Hewson said: "For several months now the manufacturing and industrial production data from the Office for National Statistics has painted a completely different picture of the UK economy than the business surveys and PMI data which has been predominantly positive.
"In the June data last month there was some evidence that this anomaly was starting to correct itself, however the ONS data does tend to raise more questions than answers and today's July data isn't expected to be any different."
Industrial production is expected to rise 0.2%, down from 0.5%, while manufacturing production is expected to improve to 0.3% from 0%, and construction output is expected to decline 0.3%, worsening from June's fall of 0.1%.
The trade balance deficit for July is expected to narrow to £3.25bn from £4.5bn in June.
In corporate news, pub companies were all dragged down as brewer and pub operator Greene King slumped after it said pub revenues fell in the in the first 18 weeks of the year and it is feeling cautious about the coming months amid weaker consumer confidence, increased costs and increasing competition. Peers Mitchells & Butler, JD Wetherspoon, Fullers and most of all Marston's were all pulled down with it.
Experian was trading lower as US credit report giant Equifax said the data of around 143m of its customers may have been compromised in a cyber security breach.
British Land nudged down after announcing its debut sterling bond issue for £300m at a coupon of 2.375% for 12 years.
On the upside, Dairy Crest edged higher after it said it will trim its cash pension contributions by around £12m over the next two years and its future pensions bill will reduced as it moves retirees' benefit increase to the consumer price index rather than the retail price index.
Luxury fashion brand Burberry was boosted by an upgrade to 'outperform' at Credit Suisse. |
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| Market Movers
FTSE 100 (UKX) 7,383.11 -0.19%
FTSE 250 (MCX) 19,610.56 -0.44%
techMARK (TASX) 3,448.65 -0.28%
FTSE 100 - Risers
Burberry Group (BRBY) 1,780.00p 0.96%
Worldpay Group (WPG) 414.50p 0.68%
Barclays (BARC) 184.75p 0.41%
Associated British Foods (ABF) 3,304.00p 0.40%
Royal Dutch Shell 'B' (RDSB) 2,200.00p 0.39%
Shire Plc (SHP) 4,023.50p 0.31%
Randgold Resources Ltd. (RRS) 8,215.00p 0.31%
Unilever (ULVR) 4,543.50p 0.30%
Aviva (AV.) 506.50p 0.30%
Reckitt Benckiser Group (RB.) 7,178.00p 0.27%
FTSE 100 - Fallers
Experian (EXPN) 1,485.00p -2.30%
Provident Financial (PFG) 773.00p -1.97%
Marks & Spencer Group (MKS) 322.80p -1.34%
Glencore (GLEN) 363.65p -1.32%
Anglo American (AAL) 1,409.00p -1.26%
Antofagasta (ANTO) 1,034.00p -1.24%
Whitbread (WTB) 3,748.00p -1.13%
Paddy Power Betfair (PPB) 7,110.00p -1.11%
WPP (WPP) 1,381.00p -1.07%
BHP Billiton (BLT) 1,442.00p -1.06%
FTSE 250 - Risers
FDM Group (Holdings) (FDM) 920.00p 1.55%
John Laing Group (JLG) 296.50p 1.54%
Countryside Properties (CSP) 355.00p 1.23%
PayPoint (PAY) 940.00p 1.18%
RPC Group (RPC) 916.00p 1.16%
Cranswick (CWK) 3,034.00p 1.13%
IP Group (IPO) 118.70p 1.11%
Ascential (ASCL) 379.50p 1.09%
Hastings Group Holdings (HSTG) 309.10p 1.08%
Rank Group (RNK) 232.70p 0.87%
FTSE 250 - Fallers
Greene King (GNK) 582.50p -11.91%
Marston's (MARS) 107.30p -3.52%
Howden Joinery Group (HWDN) 410.30p -3.14%
Go-Ahead Group (GOG) 1,505.00p -2.90%
Fidessa Group (FDSA) 2,031.00p -2.73%
Dunelm Group (DNLM) 609.00p -2.56%
Kaz Minerals (KAZ) 818.50p -2.56%
Ferrexpo (FXPO) 297.20p -2.30%
Ashmore Group (ASHM) 331.90p -2.29% |
| | Market Analysis 08/09/2017 Today’s highlights: Global markets seen lower - US closes mostly lower: Both the Dow Jones and S&P 500 closed slightly lower yesterday, while the Nasdaq showed small gains.
- Disney falls more than 4%: The entertainment giant tumbled after CEO Bob Iger said that the companyÂ's earning per share this year will be in line with earnings reported in 2016.
Read More... |
| | UK Event Calendar | | Friday September 08
INTERIM DIVIDEND PAYMENT DATE
Avon Rubber, Direct Line Insurance Group, Evraz, Ferrexpo, Fevertree Drinks, Fresnillo, Law Debenture Corp., LSL Property Services, McColl's Retail Group , RM, Spirent Communications
QUARTERLY PAYMENT DATE
Honeywell International Inc., M Winkworth
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Current Account (GER) (07:00)
Wholesales Inventories (US) (15:00)
ANNUAL REPORT
Hargreaves Lansdown
SPECIAL DIVIDEND PAYMENT DATE
Lindsell Train Inv Trust
AGMS
Adams, Greene King, Masawara, Ortac Resources Ltd. (DI), Schroder Real Estate Investment Trust Ltd, SimiGon Ltd. (DI), Syncona Limited NPV
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
Industrial Production (09:30)
Manufacturing Production (09:30)
FINAL DIVIDEND PAYMENT DATE
Entertainment One Limited, Lindsell Train Inv Trust, Maven Income And Growth VCT 6 , New Century AIM VCT |
| | 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 mixed as Harvey effects become clear US markets finished on a mixed note on Thursday, after fresh data lay bare the extent of the disruption from ex-Hurricane Harvey to the economy, although it came alongside some mildly encouraging news from the Korean peninsula.
The Dow Jones Industrial Average finished down 0.1% at 21,784.78 and the S&P 500 was off 0.02% at 2,465.10, while the Nasdaq 100 added 0.22% to settle at 5,964.31.
Investors were slightly relieved by a White House proposal to extend the federal government's debt ceiling - which Washington was expected to hit at the end of September - for another three months in order to finance disaster relief measures for stricken populations on the Gulf Coast and in order to allow more time for negotiations on a better fix.
On the data front, according to the US Department of Labor jobless claims shot higher by 62,000 to 298,000 during the week ending 2 September, as Hurricane Harvey barreled across the US Gulf Coast.
American oil refineries were forced to shutter production, causing them to operate at just 79.7% of capacity, the Department of Energy reported.
Separately, the DoL also said that non-farm productivity was ahead by 1.5% - well ahead of consensus expectations for a 1.0% rise during the second quarter of the year, alongside a 0.2% drop in unit labor costs, narrower than consensus forecasts for a 0.6% drop.
On the geopolitically tense Korean peninsula, Chinese foreign minister Wang Yi said his country agreed that further measures against Pyongyang were needed on account of its nuclear ballistic missile programme, albeit while defending the need for dialogue with Kim Jong Un.
Back on the corporate front, Eli Lilly was making headlines after it announced its intention to slash 8.3% of its global workforce, or 3,500 people.
Its shares finished ahead 1.28%.
At the individual level, shares in retailer RH were sharply higher after posting better-than-expected earnings late on Wednesday, rocketing ahead 44.76% by the close.
GoPro surged 12.36% after it announced that it will be profitable in the third quarter on an adjusted basis, but General Mills fell 0.07% after outlining its financial targets for 2018.
Dow Jones - Risers
Visa Inc. (V) $104.60 1.34%
Microsoft Corp. (MSFT) $74.34 1.28%
3M Co. (MMM) $204.48 1.19%
Johnson & Johnson (JNJ) $132.19 1.16%
McDonald's Corp. (MCD) $159.90 1.06%
Home Depot Inc. (HD) $157.93 0.88%
Boeing Co. (BA) $236.45 0.72%
Coca-Cola Co. (KO) $46.28 0.70%
Caterpillar Inc. (CAT) $117.77 0.68%
Merck & Co. Inc. (MRK) $64.32 0.50%
Dow Jones - Fallers
Walt Disney Co. (DIS) $97.06 -4.37%
General Electric Co. (GE) $24.02 -3.61%
Travelers Company Inc. (TRV) $115.18 -2.17%
JP Morgan Chase & Co. (JPM) $88.53 -1.75%
Verizon Communications Inc. (VZ) $46.20 -1.51%
Goldman Sachs Group Inc. (GS) $215.84 -1.37%
American Express Co. (AXP) $84.41 -0.96%
Nike Inc. (NKE) $52.39 -0.70%
International Business Machines Corp. (IBM) $142.90 -0.64%
Intel Corp. (INTC) $35.54 -0.62%
S&P 500 - Risers
AbbVie Inc (ABBV) $81.78 6.14%
Bristol-Myers Squibb (BMY) $62.84 4.96%
Perrigo Company plc (PRGO) $82.11 4.93%
eBay Inc. (EBAY) $38.01 3.40%
TripAdvisor Inc. (TRIP) $45.81 3.39%
Symantec Corp. (SYMC) $30.60 3.38%
Newmont Mining Corp. (NEM) $39.60 3.18%
Public Storage (PSA) $214.02 3.07%
Gilead Sciences Inc. (GILD) $85.47 3.04%
Chesapeake Energy Corp. (CHK) $3.87 2.93%
S&P 500 - Fallers
Leggett & Platt Inc. (LEG) $43.50 -6.53%
Comcast Corp. (CMCSA) $38.60 -6.24%
Regeneron Pharmaceuticals Inc. (REGN) $471.92 -5.66%
XL Group Ltd (XL) $36.51 -5.12%
Newell Brands Inc (NWL) $44.76 -4.83%
Navient Corporation (NAVI) $13.14 -4.78%
Walt Disney Co. (DIS) $97.06 -4.37%
Frontier Communications Co. (FTR) $13.41 -3.87%
Hewlett Packard Enterprise (HPE) $13.25 -3.78%
Assurant Inc. (AIZ) $87.60 -3.66%
Nasdaq 100 - Risers
eBay Inc. (EBAY) $38.01 3.40%
Symantec Corp. (SYMC) $30.60 3.38%
Gilead Sciences Inc. (GILD) $85.47 3.04%
Activision Blizzard Inc. (ATVI) $65.83 2.86%
Baidu Inc. (BIDU) $233.18 2.74%
CSX Corp. (CSX) $51.47 2.51%
PACCAR Inc. (PCAR) $66.83 2.44%
Lam Research Corp. (LRCX) $168.59 2.17%
Biogen Inc (BIIB) $323.90 2.06%
Cerner Corp. (CERN) $69.00 2.03%
Nasdaq 100 - Fallers
Comcast Corp. (CMCSA) $38.60 -6.24%
Regeneron Pharmaceuticals Inc. (REGN) $471.92 -5.66%
Liberty Global plc Series A (LBTYA) $33.06 -3.78%
Dish Network Corp. (DISH) $55.48 -3.68%
Viacom Inc. Class B (VIAB) $27.20 -3.61%
Liberty Global plc Series C (LBTYK) $32.13 -3.51%
Discovery Communications Inc. Class C (DISCK) $20.10 -2.57%
Twenty-First Century Fox Inc Class A (FOXA) $25.79 -2.42%
Discovery Communications Inc. Class A (DISCA) $21.34 -2.38% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Friday newspaper round-up: BCC gloom, BoE lending, alcohol, Aramco Britain is locked into a "low growth trajectory" that will see GDP growth dip next year while the eurozone shrugs off Brexit uncertainty to stretch ahead, according to a leading business group. The British Chambers of Commerce said a squeeze on household budgets and the failure of exporters to capitalise on the low pound meant the UK was "treading water". - Guardian
Britain's lenders have tapped the Bank of England for £123 billion of cheap state-backed funding, figures show. Banks and building societies have drawn £75 billion from the term funding scheme, part of the stimulus package announced in August last year after the Brexit vote, and £48 billion from the funding for lending scheme launched in 2012 at the height of the eurozone debt crisis, the Bank said. - The Times
The chairman of Royal Bank of Scotland is among senior figures from the financial services industry who will attend a Brexit meeting with David Davis at Chevening House next week. The inclusion of Sir Howard Davies and several others representing banking and fund management will be welcomed by the City, which has felt shut out from Brexit planning. - The Times
The drinks industry is misleading the public by downplaying and misrepresenting the link between alcohol and cancer - especially breast cancer - in a bid to protect its profits, new research claims. Alcohol firms and "responsible drinking" bodies they fund are denying that drink causes cancer and distorting the overwhelming evidence to the contrary, in information they provide to consumers, according to the British-led team of international experts behind the findings. - Guardian
The Financial Conduct Authority is facing questions from MPs about whether political influence was behind proposed City rule changes that could lure the $2tn (£1.5tn) float of Saudi Aramco to London. Andrew Bailey, the chief executive of the FCA, is being asked by the chairs of two powerful Commons committees whether there were any discussions between the City watchdog and ministers ahead of the consultation on the planned changes. - Guardian
British Airways faces the threat of new strike action after announcing plans to close its main defined-benefit pension scheme because of a multibillion-pound black hole. It was revealed yesterday that the flag carrier wanted to shut the New Airways Pension Scheme (NAPS) after the fund's deficit ballooned to £3.7 billion. - The Times
Bank of England supervisors have told Deutsche Bank of their "significant concern" over its UK operations, which employ 9,000 people based in London and Birmingham. Officials at the Prudential Regulation Authority, the supervisory arm of the Bank, are worried about Deutsche's recovery and resolution planning in a crisis, as well as its business model. - The Times
Tesco has been accused of holding on to millions of pounds that should have gone to charity from the proceeds of the compulsory 5p charge on disposable plastic bags. The retailer retained £3.4 million last year to cover the "cost of administering donations" unlike other major supermarket chains, which did not deduct any of the proceeds for that purpose. - The Times
Charlotte Hogg, who resigned from the Bank of England earlier this year after failing to declare her brother's job at Barclays, has been named the new head of Visa's Europe business. Ms Hogg had been seen as a potential successor to Bank of England Governor Mark Carney, but was forced to quit as both deputy governor and chief operating officer of the BoE in March after it emerged she had not disclosed that her brother was head of strategy at Barclays. - Telegraph
Jaguar Land Rover has become the latest large carmaker to say it will stop launching new models solely powered by internal combustion engines, two months after Volvo pledged to do so. The UK-based manufacturer promised that all new models from 2020 will be fully electric or hybrid, a year later than Volvo's target, but a big step beyond its unveiling last November of a single electric concept car. - Guardian
Bell Pottinger could fall into administration as early as next week, staff have been told, as the fallout from a divisive campaign it ran in South Africa accused of stoking racial tensions threatens to force the City PR firm under. A source at the company said the agency's chairman Mark Smith and a representative of accountant BDO - a firm drafted in earlier this week to try and find a buyer - met with more than 100 employees at the firm's London HQ this afternoon. - Telegraph
Eicher Motors, the Indian company that owns Royal Enfield, is set to make a binding bid to buy Ducati of up to $2 billion by the deadline at the end of the month. Volkswagen, which owns Ducati, put the superbike maker up for sale in April. Other companies reported to have shown an interest in bidding include Harley-Davidson, Suzuki and India's Bajaj Auto. - The Times
A former Amazon financial analyst pleaded guilty on Thursday to insider trading for tipping a former college fraternity brother about the retailer's quarterly results before they were made public. Authorities said Brett Kennedy gave fellow University of Washington alumnus Maziar Rezakhani nonpublic information from Amazon's database, showing that the retailer would lose less money and report higher revenue for the first quarter of 2015 than Wall Street expected, in exchange for $10,000 (£7,652) cash. - Telegraph
The publisher of the Sun and the defunct News of the World has settled 17 cases of phone hacking and illegally obtaining personal information, avoiding a high-profile court case. News Group, part of Rupert Murdoch's News Corp, has settled with celebrities including Les Dennis, the footballer Jonathan Woodgate and the Coronation Street actors Samia Ghadie, Kym Marsh and Alan Halsall. - Guardian | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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