| | | | | | | 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 in the black as housebuilders rally London stocks edged higher in early trade on Monday, underpinned by a strong performance in the housebuilding sector as investors looked ahead to the latest reading on UK manufacturing.
At 0825 BST, the FTSE 10 was up 0.3% to 7,394.10 while the pound was down 0.4% against the dollar at 1.3342.
A survey released on Saturday revealed that China's factory activity expended at the fastest pace in five years in September, with the official manufacturing PMI coming in at 52.4 from 51.7 in August. This marked the highest level since April 2012.
Closer to home, market participants will be keeping an eye on the Tory Party conference that got underway over the weekend and eyeing Markit's manufacturing purchasing managers' index for September at 0930 BST.
Spreadex analyst Connor Campbell said: "In the UK the FTSE was also feeling chipper, rising 0.4% to tease 7400. Whether it can maintain that growth will largely be dependent on how the pound reacts to the latest UK manufacturing PMI, with analysts expecting the figure to slip from 56.9 to 56.3 month-on-month."
Any headlines from Spain will also be closely watched after Catalans voted for independence from Spain, with preliminary results revealing that around 90% of respondents favoured a split over the weekend. However, the turnout was low and the referendum was deemed illegal by Madrid. More than 800 people were hurt on Sunday as riot police attacked protesters and civilians going to cast their ballots.
Housebuilders were the standout gainers after Prime Minister Theresa May said the government will find an extra £10bn for the Help to Buy scheme to let another 135,000 people get on the property ladder. Barratt Developments, Persimmon, Taylor Wimpey, Berkeley, Bovis, McCarthy & Stone, Bellway, Redrow and Crest Nicholson all racked up impressive gains.
Elsewhere, Indivior was on the front foot after it submitted a new drug application in the US for a once-monthly injectable schizophrenia treatment and agreed to buy out patent rights from a manufacturer of similar antipsychotic medication.
Lloyd's of London insurer Hiscox nudged higher after saying net claims from hurricanes Harvey and Irma were likely to total around $225mm based on an insured market loss of $35bn.
Airlines got a boost as Monarch went into administration, with easyJet and IAG both flying higher.
Kaz Minerals pushed higher after it said that following continued commissioning progress, the Aktogay sulphide plant has been declared commercial.
Tritax Big Box slipped as it announced that it has exchanged contracts to acquire a national distribution centre at Danes Way, Daventry International Rail Freight Terminal in Northamptonshire, let to Royal Mail Group.
Assura nudged down despite saying it continued to make "good progress" for the six months to the end of September.
In broker note action, temporary power supplier Aggreko slumped as Berenberg downgraded the stock to 'sell' from 'hold' but Mondi was boosted as Jefferies reaffirmed its 'buy' rating. |
| | 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 |
| | Market Movers
FTSE 100 (UKX) 7,394.10 0.29%
FTSE 250 (MCX) 19,941.54 0.34%
techMARK (TASX) 3,495.44 0.17%
FTSE 100 - Risers
Barratt Developments (BDEV) 639.50p 4.07%
Persimmon (PSN) 2,679.00p 3.76%
easyJet (EZJ) 1,260.00p 3.53%
Taylor Wimpey (TW.) 200.10p 2.35%
Anglo American (AAL) 1,364.00p 1.83%
InterContinental Hotels Group (IHG) 4,019.00p 1.80%
Berkeley Group Holdings (The) (BKG) 3,776.00p 1.59%
TUI AG Reg Shs (DI) (TUI) 1,284.00p 1.42%
Kingfisher (KGF) 302.30p 1.27%
International Consolidated Airlines Group SA (CDI) (IAG) 600.00p 1.10%
FTSE 100 - Fallers
Mediclinic International (MDC) 641.50p -1.31%
Imperial Brands (IMB) 3,152.00p -1.01%
BAE Systems (BA.) 627.00p -0.71%
Randgold Resources Ltd. (RRS) 7,265.00p -0.68%
RSA Insurance Group (RSA) 619.00p -0.64%
British American Tobacco (BATS) 4,651.50p -0.44%
BT Group (BT.A) 282.80p -0.39%
Vodafone Group (VOD) 208.10p -0.34%
Barclays (BARC) 192.75p -0.31%
National Grid (NG.) 921.90p -0.29%
FTSE 250 - Risers
Bovis Homes Group (BVS) 1,133.00p 3.56%
McCarthy & Stone (MCS) 153.80p 2.88%
Bellway (BWY) 3,368.00p 2.15%
Redrow (RDW) 605.00p 2.11%
Kaz Minerals (KAZ) 789.50p 2.07%
Crest Nicholson Holdings (CRST) 564.00p 1.99%
Cineworld Group (CINE) 687.00p 1.40%
Indivior (INDV) 344.30p 1.35%
Elementis (ELM) 274.50p 1.33%
Worldwide Healthcare Trust (WWH) 2,569.00p 1.30%
FTSE 250 - Fallers
Aggreko (AGK) 867.50p -7.61%
Nex Group (NXG) 637.00p -3.78%
Greencore Group (GNC) 189.60p -3.36%
Acacia Mining (ACA) 188.50p -2.99%
Equiniti Group (EQN) 295.70p -1.83%
Fidelity European Values (FEV) 218.30p -1.44%
Alfa Financial Software Holdings (ALFA) 500.00p -1.28%
Dairy Crest Group (DCG) 607.50p -1.14%
PayPoint (PAY) 945.00p -1.00% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Lekoil makes CFO, non-exec appointments Nigeria and West Africa-focussed oil and gas exploration and production company Lekoil announced the appointment of Lisa Mitchell as its chief financial officer with immediate effect on Monday morning, following the resignation of Bruce Burrows who reportedly decided to pursue another opportunity to better fit family circumstances.
The AIM-traded firm said that, following a one month handover period, Burrows would be leaving at the end of October.
In addition, Lekoil announced the appointment of Tom Schmitt as its non-executive director, also with immediate effect.
The company's board said Lisa Mitchell, aged 50, is a Certified Practising Accountant in Australia, who was most recently CFO and executive director of African low-cost airline Fastjet.
Prior to that, she was CFO at Ophir Energy, where she was responsible for contributing to the overall business strategy of Ophir; leading the finance function - including all financial, taxation, treasury and funding issues; IR, and providing financial support for all merger and acquisition activity.
Lekoil said Mitchell's previous career included stints with Pan Pacific Petroleum, GCM Resources, CSL, and Mobil Oil Australia.
She reportedly holds a Bachelor of Economics - major in accounting - degree from La Trobe University, Melbourne and a Graduate Diploma in Applied Corporate Governance.
It said Tom Schmitt, aged 60, is currently president of Hunt Refining Company in Alabama.
Prior to that, he was senior vice president with Hunt Oil Company for Hunt's development in Kurdistan, Iraq.
Lekoil said Schmitt began his career as a petroleum engineer with the Atlantic Richfield Corporation working in production, drilling, operations/reservoir engineering, enhanced oil recovery research, strategic planning and acquisition evaluation.
In 1996, he left the oil industry for a career in finance and joined Alliance-Bernstein, becoming co-manager of its global research growth fund, a product that reportedly grew assets to more than $65bn.
Schmitt earned a Bachelor of Science in chemical engineering from Missouri University of Science and Technology and an MBA from the Harvard Business School.
"Lisa and Tom are both oil and gas industry professionals with significant experience," said Lekoil chairman Samuel Adegboyega.
"Lisa's knowledge of investment and capital markets, together with Tom's mix of upstream, downstream and finance experience will benefit our board and company. |
| | US Market Report | | US close: Investors brush off weak inflation readings Wall Street's main market gauges finished the session on an up note, with the S&P 500 and Nasdaq Composite hitting fresh record highs and the former notching up an eighth consecutive quarterly advance.
By the closing bell, the Dow Industrials was ahead by 0.11% or 23.89 points at 22,405.09, alongside a 0.66% or 42.51 point gain in the Nasdaq Composite to 6,495.96 and a rise of 0.37% or 9.30 points for the S&P 500 to 2,519.36.
Significantly, reports that President Donald Trump might be set to nominate Kevin Warsh to the top post at the country's central bank saw bank shares gain, given his views on deregulation, and Treasury note yields move higher.
From a sector standpoint the biggest gains were seen in the following industrial groups: Coal (2.85%), Transportation (1.46%) and Toys (1.41%).
In parallel, the yield on the 10-year US Treasury note was advanced three basis points to 2.33% despite a weak reading on a key inflation gauge.
That saw the KBW bank sector index advance 0.59% to 99.26.
The headline rate for the US personal consumption deflator printed at 1.4% year-on-year for August (consensus: 1.5%) even as the 'core' PCE rate slipped from 1.4% to 1.3%.
On a more positive note, personal consumption expenditures rose by 0.2% month-on-month, as expected, the Commerce Department also reported.
Meanwhile, consumer confidence retreated a tad more than forecast in September, according to the University of Michigan.
The university's widely-followed confidence gauge was revised lower, from a preliminary reading of 95.3 to 95.1. Nevertheless, the key sub-index linked to consumer expectations was marked up from 83.4 to 84.4.
Also on the economic front, MNI's regional Chicago manufacturing purchasing managers' index jumped from a reading of 58.9 for August to 65.2 for September - its strongest reading in 29 years.
In corporate news, Amazon was in focus after Whole Foods said late on Thursday that hackers tried to steal data from its credit-card swiping machines.
Elsewhere, shares of Tyson Foods surged after the company lifted its outlook on Thursday and announced a restructuring plan.
Dow Jones - Risers
Cisco Systems Inc. (CSCO) $33.63 0.84%
Microsoft Corp. (MSFT) $74.49 0.84%
Home Depot Inc. (HD) $163.57 0.74%
Goldman Sachs Group Inc. (GS) $237.20 0.73%
Intel Corp. (INTC) $38.08 0.66%
Visa Inc. (V) $105.24 0.63%
Apple Inc. (AAPL) $154.12 0.55%
Walt Disney Co. (DIS) $98.57 0.53%
Johnson & Johnson (JNJ) $129.97 0.42%
American Express Co. (AXP) $90.46 0.36%
Dow Jones - Fallers
Nike Inc. (NKE) $51.83 -1.48%
Wal-Mart Stores Inc. (WMT) $78.14 -1.03%
McDonald's Corp. (MCD) $156.45 -0.51%
Caterpillar Inc. (CAT) $124.71 -0.42%
Merck & Co. Inc. (MRK) $64.03 -0.40%
International Business Machines Corp. (IBM) $144.97 -0.40%
Exxon Mobil Corp. (XOM) $81.98 -0.26%
General Electric Co. (GE) $24.18 -0.25%
Travelers Company Inc. (TRV) $122.52 -0.23%
Unitedhealth Group Inc. (UNH) $195.81 -0.13%
S&P 500 - Risers
Tyson Foods Inc. (TSN) $70.43 7.64%
Endo International Plc (ENDP) $8.56 5.09%
Micron Technology Inc. (MU) $39.33 3.61%
Mallinckrodt Plc Ordinary Shares (MNK) $37.38 3.40%
Wynn Resorts Ltd. (WYNN) $148.92 3.14%
Mattel Inc. (MAT) $15.48 3.13%
Tenet Healthcare Corp. (THC) $16.42 3.07%
Applied Materials Inc. (AMAT) $52.09 2.90%
Amphenol Corp. (APH) $84.64 2.87%
NRG Energy Inc. (NRG) $25.59 2.77%
S&P 500 - Fallers
SCANA Corp. (SCG) $48.49 -4.90%
Frontier Communications Co. (FTR) $11.79 -4.22%
H&R Block Inc. (HRB) $26.47 -2.79%
Chipotle Mexican Grill Inc. (CMG) $307.83 -2.75%
Freeport-McMoRan Inc (FCX) $14.03 -2.64%
GGP Inc (GGP) $20.77 -2.40%
L Brands Inc (LB) $41.59 -2.19%
Harley-Davidson Inc. (HOG) $48.20 -1.91%
Xerox Corp. (XRX) $33.29 -1.68%
CenturyLink Inc. (CTL) $18.90 -1.61%
Nasdaq 100 - Risers
Micron Technology Inc. (MU) $39.33 3.61%
Incyte Corp. (INCY) $116.74 3.18%
Wynn Resorts Ltd. (WYNN) $148.92 3.14%
Mattel Inc. (MAT) $15.48 3.13%
Applied Materials Inc. (AMAT) $52.09 2.90%
Regeneron Pharmaceuticals Inc. (REGN) $447.12 2.76%
Baidu Inc. (BIDU) $247.69 2.66%
NetEase Inc. Ads (NTES) $263.81 2.51%
Dish Network Corp. (DISH) $54.23 2.30%
Liberty Global plc Series A (LBTYA) $33.91 2.23%
Nasdaq 100 - Fallers
Starbucks Corp. (SBUX) $53.71 -1.45%
Mercadolibre Inc. (MELI) $258.93 -1.17%
JD.com, Inc. (JD) $38.20 -1.16%
Twenty-First Century Fox Inc Class B (FOX) $25.79 -0.85%
Symantec Corp. (SYMC) $32.81 -0.79%
Twenty-First Century Fox Inc Class A (FOXA) $26.38 -0.68%
Kraft Heinz Co. (KHC) $77.55 -0.54%
Paychex Inc. (PAYX) $59.96 -0.50%
Discovery Communications Inc. Class A (DISCA) $21.29 -0.47%
T-Mobile Us, Inc. (TMUS) $61.66 -0.42% |
| | Newspaper Round Up | | Monday newspaper round-up: Catalan fallout, Monarch, EU banks, Nisa Riot police who bludgeoned, kicked and fired rubber bullets at voters taking part in an illegal referendum in Catalonia yesterday acted within the law, the Spanish prime minister said. In a day of violence unprecedented in modern Spanish history, 850 people were hurt, three seriously, according to the Catalan authorities. Riot police fired baton rounds in Barcelona and beat pro-independence supporters trying to stop them confiscating ballot boxes. - The Times
The UK's biggest peacetime repatriation operation has been launched to bring home 110,000 holidaymakers after Monarch Airlines was placed into administration. A total of 300,000 future bookings were cancelled as result of the firm's collapse, the largest to hit a UK airline, and Monarch passengers were told not to go to airports because there would be no more flights. - Telegraph
Banks are gearing up for complex negotiations across the European Union over the uncertain future of about £20 trillion of crucial finance contracts. Valuable derivatives traded between EU and UK banks will have no legal basis after Britain leaves the bloc - unless a deal can be reached. The financial trades are widely used by thousands of businesses and banks to guard against sudden economic changes, so disruption would create chaos on the continent as well as in the UK. - Mail
Boris Johnson has come under attack from business leaders and some Tory MPs as the Conservative party conference got under way in Manchester on Sunday. Adam Marshall, the director general of the British Chambers of Commerce, accused the foreign secretary of destabilising the government and warned that Cabinet division was undermining economic confidence. - Guardian
The chief executive of supermarket chain Nisa has left suddenly during takeover talks. Nisa said on Saturday that Nick Read had moved on after less than three years in the job, but did not give a reason. The chain, which is owned by its independent retail members, is in takeover talks with the Co-operative Group. - Mail
The Financial Reporting Council has come under renewed pressure over alleged conflicts of interest after it emerged that a former KPMG partner who works for the regulator had driven through a change in the rules that may later have helped to clear his erstwhile employer over the HBOS audit. Nicky Morgan, chairman of the Treasury select committee, said it was "concerning" after The Times alerted her to a decision by the Financial Reporting Council to narrow its definition of misconduct in July 2013. - The Times
Ministers have announced an £11 billion package to win over young voters that includes freezing tuition fees and reviving a scheme to help first-time buyers. As support surged for Jeremy Corbyn's Labour Party among under-45s Theresa May vowed to "look again" at university fees as part of her "mission to make the UK a fairer place". - The Times
Some of Britain's wealthiest homeowners have seen as much as £13m wiped off the value of their property in a year as Brexit uncertainty and tax changes continue to wreak havoc in the prime central London market. According to new research, Kensington Palace Gardens in west London tops the list of the most expensive streets in Britain, with an average property value of £35.7m - although that is £2.5m less than this time last year, when the figure was £38.3m. - Guardian
The rapid rise in the number of people renting their homes has led to a big payday for private landlords and a growing division between those who own their own property and those who do not. Private landlords earned a total of £54 billion in the year to June from their tenants, according to research from Savills, which is twice the total amount of interest that home owners paid on their mortgages. - The Times
The Chinese state-owned company planning a nuclear power station in Essex refused to share the security arrangements for a Chinese nuclear plant with the British authorities, it has been revealed. Inspectors from the UK nuclear regulator visited the China General Nuclear Power Corporation (CGN) in Shenzhen earlier this year, as part of the four-year approval process for the reactor the company wants to build at Bradwell. - Guardian
Picturehouse Cinemas has threatened to sack striking workers ahead of a planned walk-out over pay at five London cinemas. Workers represented by the union Bectu have announced plans to disrupt the British Film Institute's London film festival between 4 and 15 October, with nine days of strike action over the period in a dispute over the living wage and other rights, including sick pay. - Guardian
They were supposed to generate a sense of camaraderie, enhance teamwork and encourage an open flow of ideas between colleagues after decades of segregation in booths. But open-plan offices are actually bad for productivity, allowing workers to be interrupted every three minutes by a range of distractions, a futurologist at BT has warned. - Telegraph
With Newcastle United owner Mike Ashley open to offers to sell the Premier League club there was much interest in the presence of financier Amanda Staveley at St James' Park. Staveley was said to be attending Newcastle's fixture against Liverpool with friends and is understood to be "a big fan of both clubs", according to one source, having previously, of course, been close to organising a deal to buy Liverpool when she advised DIC (Dubai International Capital) back in 2008 before it was sold to Americans Tom Hicks and George Gillett. - Telegraph
Barclays has made another attempt to delay a court battle against Amanda Staveley, the financier, over its 2008 Middle Eastern fundraising. The bank wants to put off the case, which is scheduled for January, because of complications caused by a separate criminal trial over the fundraising brought by the Serious Fraud Office against several former senior employees, including John Varley, who was chief executive. That case is due to come to court in April 2019. - The Times
A British tech star valued at $1 billion made just £40.3 million in revenue last year. London-based Shazam Entertainment, which is behind a music app that can identify any song being played, hit more than 300 million active users at the end of 2016 as revenue grew 14 per cent on the previous year. - Mail
Bags for life pose a food poisoning risk, the food safety watchdog has admitted, as it has advised shoppers to label them "raw" or "ready to eat" to avoid the spread of deadly bacteria. The Food Standards Agency is urging millions of shoppers who use the bags to take new steps to avoid getting food poisoning as a result of using them to carry supermarket shopping. - Telegraph
Comic Relief and Fairtrade have joined forces with the Dutch government to back a $15m (£11m) scheme to support ethical gold mining in east Africa after a successful pilot project in Uganda. About a fifth of the world's gold produced every year comes from small-scale mines where millions of people work in hazardous conditions without access to modern technology. - Guardian | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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