| | | | | | | The Top 10 Stocks for Q4 Our latest quarterly stocks report analyses the top and bottom 10 FTSE 100 performers of 2017 so far and looks at our Top Ten Stock Picks for Q4 including City broker consensus and their average target price for each stock. 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: Factory data provides fillip for shares London stocks finished higher on Tuesday as the pound got a small lift from news that UK industrial and manufacturing data improved more than expected in August.
The FTSE 100 was up 0.40% to 7,538.27, while the pound was 0.1% firmer against the euro at 1.1193 but 0.55% firmer versus the dollar at 1.3213.
Total UK industrial production output in August grew 0.2% compared to the previous month, which was in line with the consensus forecast but compared to the same month last year rose 1.6% versus a consensus of 0.9%.
UK manufacturing production output provided most of the industrial growth as it increased 0.4% in August, the Office for National Statistics reported, beating the market's expectation of a 0.2% gain.
Manufacturing rose 2.8% on the year, well ahead of the 1.9% City consensus.
Construction was also better than expected, with output up 0.6% on the previous month versus a forecast flat month, and with output surging 3.5% on the year versus a consensus estimate of 0.2%. However, over the past three months construction was down 0.8% compared the preceding three months.
Meanwhile, the goods trade deficit hit an all-time high of £14.2bn in August, which Spreadex analyst Connor Campbell said "took some of the shine off those production figures".
"Add onto all that jitters surrounding the fifth round of negotiations between the UK and EU, i.e. the last meeting before the latter decides whether sufficient progress has been made to start discussing future trade agreements, and news that the ONS is going to 'significantly' downgrade the country's productivity forecasts, and the pound was a bit inconsistent."
On the corporate front, banks put in a solid performance, with RBS and Lloyds helped higher after ratings upgrades from Credit Suisse, though HSBC was up despite being downgraded.
Centrica finally found a floor as the government's proposal to impose an energy cap begins to be debated in parliament this week. Credit agency S&P said in a note on Tuesday that companies could offset the pressure on cash flow generation from a cap by lowering their operating expenses, capex, or potentially adjusting their financial policy.
Direct Line gained as JPMorgan Cazenove reiterated its 'overweight' rating on the insurer and added it to its European Analyst Focus List.
Whitbread nudged up after announcing that its Costa division has acquired 49% of its South China joint venture from its partner, Yueda, for RMB 310m (£35m).
Outsourcing group Capita rallied as it appointed former Amec Foster Wheeler boss Jon Lewis as chief executive to continue its turnaround, while Domino's Pizza surged after saying third-quarter sales rose 21%.
Pub operator Marston's was on the front foot after it said full-year sales and profit were up on last year, although trading over the summer was subdued. Peer Greene King was also trading higher.
Ted Baker ended lower despite reporting a jump in first-half profit and revenue.
Going the other way, BAE Systems was in the red after announcing that it will axe almost 2,000 jobs from its UK workforce as it attempts to keep production "at competitive costs".
Miner Vedanta Resources was weaker after the release of its second-quarter production results.
Pets at Home suffered heavy losses after former private equity owner KKR sold 61m shares equivalent to a 12% stake in the company. |
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| | Market Analysis 10/10/2017 Read More... |
| Market Movers
FTSE 100 (UKX) 7,538.27 0.40%
FTSE 250 (MCX) 20,146.28 0.22%
techMARK (TASX) 3,532.50 -0.22%
FTSE 100 - Risers
Persimmon (PSN) 2,761.00p 2.34%
Burberry Group (BRBY) 1,843.00p 2.22%
Reckitt Benckiser Group (RB.) 7,090.00p 2.19%
Antofagasta (ANTO) 1,002.00p 2.14%
Royal Bank of Scotland Group (RBS) 277.50p 1.95%
Centrica (CNA) 176.10p 1.91%
Barratt Developments (BDEV) 667.50p 1.91%
Carnival (CCL) 5,025.00p 1.76%
SEGRO (SGRO) 542.50p 1.50%
British American Tobacco (BATS) 4,888.50p 1.43%
FTSE 100 - Fallers
Pearson (PSON) 619.50p -1.90%
Sage Group (SGE) 719.50p -1.64%
Johnson Matthey (JMAT) 3,329.00p -1.63%
Smurfit Kappa Group (SKG) 2,277.00p -1.43%
ITV (ITV) 176.30p -0.90%
BT Group (BT.A) 277.05p -0.88%
GKN (GKN) 353.00p -0.84%
DCC (DCC) 7,275.00p -0.82%
Rolls-Royce Holdings (RR.) 912.00p -0.82%
Convatec Group (CTEC) 281.70p -0.81%
FTSE 250 - Risers
Domino's Pizza Group (DOM) 329.40p 8.93%
Telecom Plus (TEP) 1,209.00p 5.85%
Tullow Oil (TLW) 186.00p 4.20%
Greene King (GNK) 540.00p 3.85%
Marston's (MARS) 108.00p 3.75%
Millennium & Copthorne Hotels (MLC) 575.00p 2.68%
Hochschild Mining (HOC) 234.20p 2.32%
Pagegroup (PAGE) 525.50p 2.14%
Aggreko (AGK) 912.00p 2.13%
Mitchells & Butlers (MAB) 249.00p 2.01%
FTSE 250 - Fallers
Provident Financial (PFG) 836.50p -7.87%
Pets at Home Group (PETS) 199.20p -7.74%
Vedanta Resources (VED) 875.00p -3.31%
Evraz (EVR) 311.20p -3.29%
Ferrexpo (FXPO) 274.80p -2.70%
Ted Baker (TED) 2,750.00p -2.48%
Renewi (RWI) 102.00p -2.11%
IP Group (IPO) 132.30p -2.00%
Greencore Group (GNC) 186.70p -1.94% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | Europe close: Periphery stocks under pressure ahead of Catalan vote Stocks on the Continent were only marginally lower by the end of trading as traders waited on a possible declaration of independence by the president of the Spanish region of Catalonia, Carles Puigdemont, although shares on the periphery fared worse.
Nevertheless, the devil may well lie in the detail. According to recent remarks by an ex-Spanish Socialist minister Josep Borell, a well-known critic of Catalan nationalism. In Borell's opinion, Puigdemont will likely attempt to drag Madrid into a mud-slinging contest in an attempt to win international support.
So, Madrid may need to tread carefully so as not to be seen as over-reacting, even as the central government comes under considerable pressure to act.
Against that backdrop, at the close the Stoxx was just 0.01% or 0.05 points lower at 390.16, alongside a dip of 0.21% or 27.15 points to 12,949.25 in the Dax as the Cac-40 slipped 0.04% or 2.18 points to 5,363.65.
Spain's Ibex 35 on the other hand gave back 0.92% to 10,142.30, alongside a loss off 0.63% in the FTSE Mibtel to 22,335.91.
Commenting on the political impasse in the region, David Madden at CMC Markets said: "Catalonia lies in the north east of Spain, but today it will be at the centre of Europe. Major companies are already in the process of relocating their headquarters out of the region, which will make life tough for the separatists.
"The Spanish government hasn't ruled out imposing direct rule, but given its track record lately, it will need to choose its actions carefully, as such a move would surely stoke nationalist tensions."
Meanwhile, on the economic front, French industrial production shrank by 0.3% month-on-month in August (consensus: 0.4%), weighed down by a 1.4% drop in the output of machinery and equipment goods, INSEE reported.
Italian industrial output figures from ISTAT on the other hand revealed a 1.2% jump on the month in August (consensus: 0.1%).
In Germany, the seasonally adjusted trade surplus grew from €19.3bn in July to €21.6bn for August (consensus: €20.0bn).
On the corporate front, Christian Dior on Monday reported a 12% rise in nine month sales to €31.1bn.
French luxury outfit LVMH posted better-than-expected third quarter sales for the third quarter.
Italy's Saipem was awarded $350m-worth of contracts in Chile and Mexico. |
| | Broker Tips | | Europe close: Periphery stocks under pressure ahead of Catalan vote Stocks on the Continent were only marginally lower by the end of trading as traders waited on a possible declaration of independence by the president of the Spanish region of Catalonia, Carles Puigdemont, although shares on the periphery fared worse.
Nevertheless, the devil may well lie in the detail. According to recent remarks by an ex-Spanish Socialist minister Josep Borell, a well-known critic of Catalan nationalism. In Borell's opinion, Puigdemont will likely attempt to drag Madrid into a mud-slinging contest in an attempt to win international support.
So, Madrid may need to tread carefully so as not to be seen as over-reacting, even as the central government comes under considerable pressure to act.
Against that backdrop, at the close the Stoxx was just 0.01% or 0.05 points lower at 390.16, alongside a dip of 0.21% or 27.15 points to 12,949.25 in the Dax as the Cac-40 slipped 0.04% or 2.18 points to 5,363.65.
Spain's Ibex 35 on the other hand gave back 0.92% to 10,142.30, alongside a loss off 0.63% in the FTSE Mibtel to 22,335.91.
Commenting on the political impasse in the region, David Madden at CMC Markets said: "Catalonia lies in the north east of Spain, but today it will be at the centre of Europe. Major companies are already in the process of relocating their headquarters out of the region, which will make life tough for the separatists.
"The Spanish government hasn't ruled out imposing direct rule, but given its track record lately, it will need to choose its actions carefully, as such a move would surely stoke nationalist tensions."
Meanwhile, on the economic front, French industrial production shrank by 0.3% month-on-month in August (consensus: 0.4%), weighed down by a 1.4% drop in the output of machinery and equipment goods, INSEE reported.
Italian industrial output figures from ISTAT on the other hand revealed a 1.2% jump on the month in August (consensus: 0.1%).
In Germany, the seasonally adjusted trade surplus grew from €19.3bn in July to €21.6bn for August (consensus: €20.0bn).
On the corporate front, Christian Dior on Monday reported a 12% rise in nine month sales to €31.1bn.
French luxury outfit LVMH posted better-than-expected third quarter sales for the third quarter.
Italy's Saipem was awarded $350m-worth of contracts in Chile and Mexico. | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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