| | | | | | | 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 open: Stocks flat as investors digest Fed minutes London stocks were little changed in early trade on Thursday despite a solid session in the US, as investors digested the minutes from the latest Federal Reserve meeting.
At 0835 BST, the FTSE 100 was flat at 7,536.68, while the pound was up 0.1% against the euro at 1.1160 and 0.2% firmer versus the dollar at 1.3244.
Minutes from the Federal Open Market Committee's September meeting showed the central bank was confident that the US economy was now resilient enough to withstand an increase in interest rates before the end of the year.
"Consistent with the expectation that a gradual rise in the federal funds rate would be appropriate, many participants thought that another increase in the target range later this year was likely to be warranted if the medium-term outlook remained broadly unchanged," the minutes read.
Accendo Markets analyst Mike van Dulken attributed the flat London open to "confusion" among Fed voting members about persistently low inflation in spite of low unemployment, which he said "has muddied the outlook about the pace of further hikes".
On the corporate front, broadcaster Sky was trading a little higher after it posted a jump in earnings and revenue in the first quarter, while Just Eat surged after being given provisional approval by UK competition authorities to complete its acquisition of rival online food ordering website Hungryhouse.
Analysts' opinions were providing a lot of the price action, with Burberry the standout gainer after Mirabaud Securities upgraded the stock to 'buy', while budget carrier easyJet flew higher after Canaccord upped the stock to 'hold'.
Spire Healthcare was on the front foot after being upgraded to 'buy' at Investec, but shares in the AA were hit by a downgrade to 'hold' at Berenberg.
Tullow Oil edged up after announcing the acquisition of 90% stakes in four onshore blocks in Cte d'Ivoire, while recruiter Hays advanced after it posted another record quarterly net fee performance as all its divisions saw solid growth.
GVC Holdings gained after the sports betting and gaming group said daily net gaming revenue was up 10%, or 13% at constant currency in the third quarter, while Booker nudged up after posting an 8.6% increase in first-half pre-tax profit.
Clothing retailer N Brown was in the red despite reporting a 5.6% increase in half-year revenue and consensus-beating profits, while WH Smith fell even as it said full-year profit and revenue rose thanks to a solid performance from its travel business, which helped to offset weakness in high street stores.
Acacia Mining was weaker after it revealed that gold production slowed in the third quarter.
HSBC, Tesco, Close Brothers, TP ICAP and Saga were all lower as their stock went ex-dividend.
Investors were also mulling over the latest survey from the Royal Institute of Chartered Surveyors, which showed the UK housing market continued to lack momentum in September as demand from new buyers and sales fell again and the shift in interest rate expectations contributed caution in a slowing market.
Still to come, the Bank of England credit conditions survey is at 0930 BST. |
| | 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
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Click here for your Complimentary Guide |
| Market Movers
FTSE 100 (UKX) 7,536.68 0.04%
FTSE 250 (MCX) 20,178.09 0.05%
techMARK (TASX) 3,551.01 0.16%
FTSE 100 - Risers
Burberry Group (BRBY) 1,897.00p 2.71%
St James's Place (STJ) 1,149.00p 1.68%
easyJet (EZJ) 1,309.00p 1.55%
SSE (SSE) 1,391.00p 1.24%
Fresnillo (FRES) 1,460.00p 1.11%
Reckitt Benckiser Group (RB.) 7,104.00p 0.94%
NMC Health (NMC) 2,953.00p 0.85%
United Utilities Group (UU.) 867.00p 0.81%
Mediclinic International (MDC) 688.50p 0.73%
Antofagasta (ANTO) 1,008.00p 0.70%
FTSE 100 - Fallers
HSBC Holdings (HSBA) 749.10p -1.23%
Tesco (TSCO) 185.60p -0.85%
Mondi (MNDI) 1,911.00p -0.78%
Standard Chartered (STAN) 759.20p -0.76%
Kingfisher (KGF) 303.30p -0.75%
WPP (WPP) 1,362.00p -0.73%
Berkeley Group Holdings (The) (BKG) 3,810.00p -0.65%
Persimmon (PSN) 2,761.00p -0.61%
Worldpay Group (WPG) 411.40p -0.41%
AstraZeneca (AZN) 5,127.00p -0.41%
FTSE 250 - Risers
Just Eat (JE.) 753.00p 7.11%
Spire Healthcare Group (SPI) 234.00p 5.64%
GVC Holdings (GVC) 883.50p 1.84%
Pagegroup (PAGE) 485.30p 1.72%
Nostrum Oil & Gas (NOG) 409.80p 1.71%
Aldermore Group (ALD) 249.60p 1.50%
Jupiter Fund Management (JUP) 564.00p 1.08%
Capita (CPI) 550.00p 1.01%
TalkTalk Telecom Group (TALK) 218.90p 0.92%
Hochschild Mining (HOC) 239.30p 0.89%
FTSE 250 - Fallers
AA (AA.) 151.60p -3.99%
Close Brothers Group (CBG) 1,434.00p -2.52%
WH Smith (SMWH) 2,024.00p -2.27%
Dairy Crest Group (DCG) 594.50p -2.06%
Acacia Mining (ACA) 186.00p -2.05%
Brown (N.) Group (BWNG) 343.00p -2.00%
TP ICAP (TCAP) 529.00p -1.49%
Card Factory (CARD) 310.50p -1.43%
Saga (SAGA) 190.90p -1.19% |
| | UK Event Calendar | | Thursday October 12
INTERIMS
Booker Group, Brown (N.) Group
INTERIM DIVIDEND PAYMENT DATE
Forterra, Macfarlane Group, Restaurant Group, UBM, Xaar, Zotefoams
INTERIM EX-DIVIDEND DATE
Braime (T.F.& J.H.) Holdings (Non-Voting), Cenkos Securities, Centrica, Charles Taylor, Curtis Banks Group, Downing Four VCT DP2011 Gen A Shs, Downing Four VCT DP2011 Str, Downing Four VCT DP2011 Str A Shs, Downing Four VCT DP2011Gen, Downing Four VCT DSO 'D' Shs, F&C Private Equity Trust, Kerry Group 'A' Shares, Manx Telecom , Morgan Sindall Group, OneSavings Bank, Puma Vct 8, Restore, Saga , Scisys, Spectris, Spirax-Sarco Engineering, Sprue Aegis, Staffline Group, Tandem Group, Tesco, TP ICAP, Trans-Siberian Gold
QUARTERLY PAYMENT DATE
GlaxoSmithKline, Total SA, XP Power Ltd. (DI)
QUARTERLY EX-DIVIDEND DATE
F&C Commercial Property Trust Ltd., JPMorgan Asian Investment Trust, Middlefield Canadian Income PCC, Primary Health Properties
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (16:00)
Industrial Production (EU) (11:00)
Initial Jobless Claims (US) (13:30)
Producer Price Index (US) (14:30)
FINALS
WH Smith
SPECIAL EX-DIVIDEND DATE
River and Mercantile Group
AGMS
Sky
TRADING ANNOUNCEMENTS
Hays
UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (01:00)
FINAL DIVIDEND PAYMENT DATE
South32 Limited (DI) , United Carpets Group
FINAL EX-DIVIDEND DATE
AIREA, Begbies Traynor Group, City of London Investment Group, Close Brothers Group, CPL Resources, Daejan Holdings, Photo-Me International, Schroder Japan Growth Fund, Strategic Equity Capital
Q1
Sky |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Wall Street posts record closes as Fed looks to hike rates Markets on Wall Street finished at record levels on Wednesday, as traders digested the news that the Federal Reserve was likely to hike interest rates in December.
The Dow Jones Industrial Average was up 0.18% at 22,872.89, the S&P 500 added 0.18% to 2,555.24, and the Nasdaq Composite was ahead 0.25% at 6,603.55 - all record closes.
Minutes released from the most recent Federal Open Market Committee meeting showed the central bank was confident that the US economy was now resilient enough to withstand an increase in interest rate targets before the end of the calendar year.
"Consistent with the expectation that a gradual rise in the federal funds rate would be appropriate, many participants thought that another increase in the target range later this year was likely to be warranted if the medium-term outlook remained broadly unchanged," the minutes from 20 September read.
It satiated most market watchers, who were widely anticipating a rates hike come December already.
"Importantly the minutes also revealed that most FOMC participants did not assume fiscal stimulus in their individual forecasts or had lowered the expected magnitude of any stimulus," noted researchers at Oxford Economics after the release.
"This presents upside risk for short-term rates for 2018 in the event that a sizeable fiscal package is enacted.
"We look for a December rate hike as the consensus on the FOMC is poised to raise rates even though there remains great uncertainty as to why inflation rates continue to undershoot expectations."
On the corporate front, Delta Air Lines was ahead 0.7% after it released forecast-beating results, while BlackRock was up 1.81% for similar reasons.
Stock in Barracuda Networks lost 12% after the cloud computing firm made an announcement late on Tuesday that it was meeting earnings expectations, while beating forecasts for revenue.
Micron Technology was 0.41% higher after the chipmaker said late on Tuesday that it was looking to sell around $1bn of new shares.
Alibaba Group Holdings was off 0.13%, after the Chinese online retail behemoth said it was looking to triple research spending in a bid to keep up with the likes of Amazon.
Dow Jones - Risers
Johnson & Johnson (JNJ) $136.67 2.05%
Wal-Mart Stores Inc. (WMT) $85.68 1.90%
McDonald's Corp. (MCD) $163.15 1.60%
Visa Inc. (V) $108.44 1.05%
Coca-Cola Co. (KO) $46.08 0.50%
Chevron Corp. (CVX) $119.38 0.45%
Apple Inc. (AAPL) $156.55 0.42%
Exxon Mobil Corp. (XOM) $82.60 0.41%
Caterpillar Inc. (CAT) $128.58 0.32%
Unitedhealth Group Inc. (UNH) $195.27 0.30%
Dow Jones - Fallers
General Electric Co. (GE) $23.07 -1.24%
Walt Disney Co. (DIS) $98.52 -1.07%
Merck & Co. Inc. (MRK) $63.75 -1.05%
Nike Inc. (NKE) $51.03 -0.97%
Intel Corp. (INTC) $39.30 -0.88%
International Business Machines Corp. (IBM) $147.57 -0.59%
Verizon Communications Inc. (VZ) $48.85 -0.47%
United Technologies Corp. (UTX) $117.73 -0.32%
JP Morgan Chase & Co. (JPM) $96.84 -0.30%
Travelers Company Inc. (TRV) $125.61 -0.26%
S&P 500 - Risers
Endo International Plc (ENDP) $8.98 4.42%
Nucor Corp. (NUE) $57.35 3.54%
Target Corp. (TGT) $59.14 2.69%
Paypal Holdings Inc (PYPL) $67.78 2.63%
FLIR Systems Inc. (FLIR) $42.58 2.58%
Colgate-Palmolive Co. (CL) $74.71 2.52%
Dollar Tree Inc (DLTR) $91.23 2.16%
Johnson & Johnson (JNJ) $136.67 2.05%
Dollar General Corp (DG) $82.53 1.98%
FMC Corp. (FMC) $92.40 1.93%
S&P 500 - Fallers
Navient Corporation (NAVI) $11.79 -5.45%
Robert Half International Inc. (RHI) $48.74 -5.12%
Signet Jewelers Ltd (SIG) $64.09 -3.55%
GameStop Corp. (GME) $19.59 -3.16%
Best Buy Co. Inc. (BBY) $55.46 -2.96%
Coach Inc. (COH) $38.87 -2.83%
Advance Auto Parts (AAP) $89.40 -2.69%
Equifax Inc. (EFX) $110.50 -2.68%
Csra Inc. (CSRA) $31.03 -2.64%
Discovery Communications Inc. Class A (DISCA) $20.00 -2.58%
Nasdaq 100 - Risers
Liberty Global plc Series C (LBTYK) $31.49 2.71%
Paypal Holdings Inc (PYPL) $67.78 2.63%
Dollar Tree Inc (DLTR) $91.23 2.16%
Liberty Global plc Series A (LBTYA) $32.46 2.04%
Alphabet Inc. Class A (GOOGL) $1,005.65 1.81%
Broadcom Limited (AVGO) $250.40 1.79%
Alphabet Inc. Class C (GOOG) $989.25 1.71%
Intuitive Surgical Inc. (ISRG) $360.29 1.49%
CSX Corp. (CSX) $53.08 1.32%
Autodesk Inc. (ADSK) $118.57 1.30%
Nasdaq 100 - Fallers
Incyte Corp. (INCY) $111.62 -2.74%
Liberty Global Plc Lilac Class A (LILA) $23.63 -2.60%
Discovery Communications Inc. Class A (DISCA) $20.00 -2.58%
Twenty-First Century Fox Inc Class B (FOX) $25.48 -2.56%
Twenty-First Century Fox Inc Class A (FOXA) $26.11 -2.47%
Discovery Communications Inc. Class C (DISCK) $18.93 -2.42%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $207.89 -2.26%
Liberty Global Plc Lilac Class C (LILAK) $23.43 -2.25%
Alexion Pharmaceuticals Inc. (ALXN) $141.23 -1.81% |
| | Newspaper Round Up | | Thursday newspaper round-up: National living wage, energy prices, London fintech More than 300,000 people on low incomes were given a pay boost by the government's new "national living wage", dispelling fears that the move to raise minimum salary levels would trigger widespread job losses. The Resolution Foundation said Britain had experienced its biggest fall in low pay since the 1970s following the introduction of the national living wage (NLW), which imposes a floor of £7.50 an hour for employees aged 25 and over. The thinktank found that 5.1 million or 19% of workers were low-paid, down from 5.4 million, or just under 21%, last year, bringing the share of employees who are low-paid below one in five for the first time since the 1980s. - Guardian
The multimillionaire boss of the UK's largest supplier of supermarket chicken is to be summoned before a parliamentary inquiry after undercover filming revealed poor hygiene standards and altered food safety records. Ranjit Singh Boparan, who founded 2 Sisters Food Group, has been called to give evidence after an investigation by the Guardian and ITV News last month showed workers altering the slaughter date of poultry processed at a plant in West Bromwich and returning chicken that had fallen on to the floor to the production line. - Guardian
The full brunt of the Government's proposed cap on energy prices may only be felt towards the end of next winter, offering suppliers a stay of execution during which they can move customers to better value deals. The regulator, Ofgem, today vowed to extend its price cap for customers using pre-payment meters to include 1 million households considered socially vulnerable. - Telegraph
Booths, the so-called "Waitrose of the North", has inked a deal with Amazon Fresh that will see the upmarket grocer's product become available for southern shoppers for the first time. The 170-year-old family-owned business has until now shirked expanding across the country. Earlier this year it decided to take its first steps out of the North West with a venture in Malaysia rather than attempt to crack the South. - Telegraph
Leading brands should be made responsible for labour market abuses further down their supply chain, including minimum wage violations, even if they do not directly employ the workers involved, MPs have been told. Matthew Taylor, author of a government review on modern working practices and the gig economy published in July, said he had realised since then that he might have gone further by considering whether large companies should be made jointly liable for illegal practices among their contractors. - The Times
The strength of London's fintech sector is one of several competitive advantages that make the nation's capital "Brexit-proof" and means the City could benefit from the UK's departure from the European Union, according to a new report. Technology, rather than Brexit or regulation, will be far more important in driving change in the market for global financial services, the report by Parker Fitzgerald, the consultancy, says. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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