| | | | | | | 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 ahead of inflation data; Pearson surges but Merlin tanks London stocks were flat in early trade on Tuesday as investors erred on the side of caution ahead of key inflation data.
At 0830 BST, the FTSE 100 was steady at 7,525.81, while the pound was up 0.1% against the dollar at 1.3258 and 0.3% firmer versus the euro at 1.1270.
On the data front, the retail price index, producer price index and consumer price index are all due at 0930 BST. Meanwhile, Bank of England governor Mark Carney is due to give a speech at 1115 BST.
Spreadex analyst Connor Campbell said: "Despite last night's meeting between Theresa May and Jean Claude Juncker producing nothing more than vague promise to 'accelerate' negotiations, the pound is on the rise this Tuesday.
"That's because investors are eagerly awaiting September's inflation reading, which is set to see the consumer price index finally hit a five-year high of 3.0%. Such a reading would put even more pressure on the Bank of England to raise rates, though that hawkish urge may be tempered by the continued fall in real wages (set to be confirmed tomorrow) and a sharp month-on-month drop in retail sales (coming on Thursday)."
In corporate news, Pearson surged after saying it generated revenues in the first nine months of the year in line with expectations and it was on track to deliver in the upper half of management's guided range, with the educational publisher also fine-tuning its earnings guidance and promising a £300m share buyback.
However, Merlin Entertainments tanked after it reported comparable revenue was broadly flat as London sites were hit by bad weather and the impact of terror attacks.
Rio Tinto nudged up after cutting its copper guidance for the year as it reported a drop in mined copper in the third quarter.
Housebuilder Bellway was on the front foot after it reported a jump in full-year profit and revenue as demand for new housing remained strong, while challenger bank Virgin Money rallied after its third-quarter update came in as expected.
Smiths Group slipped as it appointed John Shipsey as chief financial officer designate with effect from Wednesday.
AstraZeneca was a touch weaker despite saying that the US regulator has accepted a supplemental biologics license application for its Imfinzi drug, granting it priority review status.
Moneysupermarket.com ticked lower after it posted a rise in third-quarter revenue overall, but revealed a drop in revenue from the money and home services divisions, while Mediclinic fell after its half-year trading statement. |
| | 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.
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Are Lloyds shares set to rocket?
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What you’re about to find out may surprise you…
Click here for your Complimentary Guide |
| Market Movers
FTSE 100 (UKX) 7,525.81 -0.02%
FTSE 250 (MCX) 20,166.50 -0.25%
techMARK (TASX) 3,548.98 -0.15%
FTSE 100 - Risers
Pearson (PSON) 663.00p 6.68%
Sainsbury (J) (SBRY) 249.10p 2.26%
Barclays (BARC) 191.10p 0.98%
Reckitt Benckiser Group (RB.) 7,075.00p 0.78%
Barratt Developments (BDEV) 682.50p 0.74%
Morrison (Wm) Supermarkets (MRW) 236.00p 0.64%
Persimmon (PSN) 2,840.00p 0.64%
United Utilities Group (UU.) 836.00p 0.60%
Taylor Wimpey (TW.) 204.10p 0.59%
Tesco (TSCO) 187.20p 0.56%
FTSE 100 - Fallers
Merlin Entertainments (MERL) 368.70p -18.01%
Mediclinic International (MDC) 658.50p -2.44%
Convatec Group (CTEC) 200.90p -2.00%
Standard Life Aberdeen (SLA) 437.40p -1.99%
3i Group (III) 957.00p -1.14%
Randgold Resources Ltd. (RRS) 7,405.00p -1.00%
Fresnillo (FRES) 1,421.00p -0.98%
Antofagasta (ANTO) 1,025.00p -0.87%
Whitbread (WTB) 3,996.00p -0.84%
TUI AG Reg Shs (DI) (TUI) 1,311.00p -0.83%
FTSE 250 - Risers
Virgin Money Holdings (UK) (VM.) 299.40p 3.71%
Elementis (ELM) 287.10p 2.57%
Ashmore Group (ASHM) 382.10p 1.62%
Bellway (BWY) 3,556.00p 1.51%
Hastings Group Holdings (HSTG) 316.30p 0.76%
Redefine International (RDI) 38.34p 0.74%
JD Sports Fashion (JD.) 360.60p 0.70%
Hiscox Limited (DI) (HSX) 1,373.00p 0.51%
Electrocomponents (ECM) 704.00p 0.50%
Metro Bank (MTRO) 3,580.00p 0.45%
FTSE 250 - Fallers
TalkTalk Telecom Group (TALK) 209.10p -2.52%
Rank Group (RNK) 229.50p -2.38%
Kaz Minerals (KAZ) 858.50p -1.94%
Hochschild Mining (HOC) 233.40p -1.93%
Pershing Square Holdings Ltd NPV (PSH) 991.00p -1.78%
Nostrum Oil & Gas (NOG) 406.40p -1.67%
Riverstone Energy Limited (RSE) 1,250.00p -1.57%
Sports Direct International (SPD) 388.20p -1.55%
Howden Joinery Group (HWDN) 408.20p -1.52% |
| | UK Event Calendar | | Tuesday October 17
INTERIMS
B.P. Marsh & Partners
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Capacity Utilisation (US) (14:15)
Consumer Price Index (EU) (11:00)
Import and Export Price Indices (US) (13:30)
Industrial Production (US) (14:15)
Wholesale Price Index (GER) (07:00)
ZEW Survey (EU) (11:00)
ZEW Survey (GER) (10:00)
GMS
Revolution Bars Group, SEC S.P.A. (CDI)
FINALS
ASOS, Bellway, Bioventix, DotDigital Group, Genedrive , Orchard Funding Group
IMSS
Virgin Money Holdings (UK)
DRILLING REPORT
BHP Billiton
AGMS
Frontier Developments
TRADING ANNOUNCEMENTS
Evraz, Mediclinic International , Merlin Entertainments , Moneysupermarket.com Group, Pearson, SEGRO, Virgin Money Holdings (UK)
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Producer Price Index (09:30)
Retail Price Index (09:30)
|
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Stocks finish higher on impressive factory data Stocks started the week higher on Monday, on the back of a stronger-than-expected reading on the Empire State factory index and amid somewhat hawkish Fedpseak.
The Dow Jones Industrial Average finished up 0.37% at 22,956.96, the S&P 500 was ahead 0.18% at 2,557.64, and the Nasdaq 100 ended the session 0.36% firmer at 6,114.53.
Contributing to those gains was the head of the Federal Reserve bank of Boston, Eric Rosengren, who on Saturday told the Wall Street Journal that the US central bank would probably need to raise short-term rates again in December and three or four more times over the course of 2018.
Additionally, he said that should inflation reached the Fed's target level even as unemployment was below 4%, that might be a signal of an 'overheating' economy.
For her part, Fed chief Janet Yellen said rate-setters continued to expect economic strength would justify gradual rate increases in order to stabilise inflation around the central bank's 2% target.
In economic news, the Empire State manufacturing index for October printed ahead of forecasts, rising from a reading of 24.4 for the month before to 30.2.
"On the face of it, the Empire State headline is consistent with the national ISM manufacturing index nudging up even further from September's already-elevated 60.1," said Ian Shepherdson at Pantheon Macroeconomics.
"Either way, the overall message from this and other surveys is that the industrial sector is very strong."
On the corporate front, Netflix finished up 1.6% ahead of earnings due after the closing bell, while banking giants Goldman Sachs and Morgan Stanley were slated to report on Tuesday.
Their shares were up 1.59% and 1.24% on Monday, respectively.
Shares of California utility PG&E were also in focus as the company said it may face liabilities resulting from the wildfires which were still raging in that US state.
It finished the session down 7.42%.
Dow Jones - Risers
JP Morgan Chase & Co. (JPM) $97.84 2.07%
Apple Inc. (AAPL) $159.88 1.84%
Travelers Company Inc. (TRV) $128.81 1.70%
General Electric Co. (GE) $23.36 1.65%
Goldman Sachs Group Inc. (GS) $242.41 1.63%
Coca-Cola Co. (KO) $46.63 0.95%
Chevron Corp. (CVX) $120.13 0.81%
Nike Inc. (NKE) $51.37 0.77%
Walt Disney Co. (DIS) $98.10 0.74%
Caterpillar Inc. (CAT) $131.47 0.58%
Dow Jones - Fallers
Wal-Mart Stores Inc. (WMT) $85.74 -1.02%
Pfizer Inc. (PFE) $35.97 -0.99%
American Express Co. (AXP) $91.96 -0.97%
Boeing Co. (BA) $259.73 -0.39%
Visa Inc. (V) $108.28 -0.35%
Johnson & Johnson (JNJ) $136.02 -0.23%
McDonald's Corp. (MCD) $165.01 -0.22%
International Business Machines Corp. (IBM) $146.80 -0.20%
Home Depot Inc. (HD) $164.18 -0.15%
Merck & Co. Inc. (MRK) $63.34 -0.08%
S&P 500 - Risers
DaVita Inc (DVA) $56.94 4.04%
Freeport-McMoRan Inc (FCX) $15.27 3.53%
Wynn Resorts Ltd. (WYNN) $146.81 3.15%
Apache Corp. (APA) $42.73 2.74%
Micron Technology Inc. (MU) $41.49 2.70%
Noble Energy Inc. (NBL) $27.88 2.69%
Diamond Offshore Drilling Inc. (DO) $15.45 2.39%
Discover Financial Services (DFS) $65.35 2.30%
Hess Corp. (HES) $46.02 2.29%
NRG Energy Inc. (NRG) $26.64 2.21%
S&P 500 - Fallers
PG&E Corp. (PCG) $53.43 -7.43%
Endo International Plc (ENDP) $7.62 -6.73%
Nordstrom Inc. (JWN) $40.40 -5.26%
Kroger Co. (KR) $20.44 -4.04%
Phillips 66 Common Stock (PSX) $90.87 -3.77%
Allergan plc (AGN) $198.40 -3.48%
Mallinckrodt Plc Ordinary Shares (MNK) $32.27 -3.06%
Legg Mason Inc. (LM) $37.62 -2.89%
United States Steel Corp. (X) $26.67 -2.52%
Bristol-Myers Squibb (BMY) $63.65 -2.51%
Nasdaq 100 - Risers
Baidu Inc. (BIDU) $272.82 3.86%
Wynn Resorts Ltd. (WYNN) $146.81 3.15%
Micron Technology Inc. (MU) $41.49 2.70%
JD.com, Inc. (JD) $39.67 2.45%
Applied Materials Inc. (AMAT) $55.04 2.04%
Incyte Corp. (INCY) $116.60 2.00%
KLA-Tencor Corp. (KLAC) $107.33 1.93%
Liberty Global plc Series C (LBTYK) $31.56 1.87%
Apple Inc. (AAPL) $159.88 1.84%
Liberty Global plc Series A (LBTYA) $32.59 1.72%
Nasdaq 100 - Fallers
Mercadolibre Inc. (MELI) $233.00 -4.86%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $193.70 -2.46%
Intuitive Surgical Inc. (ISRG) $353.55 -2.41%
Liberty Global Plc Lilac Class A (LILA) $22.77 -2.40%
J.B. Hunt Transport Services Inc. (JBHT) $101.64 -2.28%
Adobe Systems Inc. (ADBE) $150.46 -2.25%
Cerner Corp. (CERN) $72.08 -2.03%
Paypal Holdings Inc (PYPL) $67.31 -1.97%
eBay Inc. (EBAY) $37.77 -1.51% |
| | Newspaper Round Up | | Tuesday newspaper round-up: Brexit dinner, Spain, Interserve, Lloyds Theresa May's hopes of breaking a deadlock in Brexit talks appeared to be given a boost after she and Jean-Claude Juncker agreed to "accelerate" negotiations. The Prime Minister flew out to dinner with Mr Juncker, the President of the European Commission, after a Brexit charm offensive with other EU leaders ahead of a summit on Thursday. - Telegraph
Theresa May's last-ditch attempt to persuade European leaders to open talks on a transition period look doomed to fail as Downing Street appeared to rule out fresh concessions on the UK's divorce bill and Brussels hardened its approach days away from a crunch summit. Calls to the French president, Emmanuel Macron, and the Irish taoiseach, Leo Varadkar, along with a 90-minute dinner in Brussels with the European commission president, Jean-Claude Juncker, and his chief negotiator, Michel Barnier, failed to move the dial in the prime minister's favour, with senior diplomats insisting the UK had not done enough. - Guardian
European leaders are deliberately stalling on a deal that would protect the rights of EU and British citizens after Brexit to wring further financial concessions from Theresa May, government sources claimed last night. Senior figures close to negotiations said that an agreement to safeguard the rights of three million EU citizens living in the UK was "almost done". - The Times
Urgent progress is needed on a Brexit transition period to prevent City firms implementing contingency plans that could put up to 75,000 UK financial services sector jobs at risk, a leading industry lobby group has warned. In a plea to negotiators ahead of the n meeting later this week, TheCityUK also said that the stakes are high for the remaining 27 EU nations, where jobs and inward investment will be at risk if a two-year transition period cannot be agreed quickly. - Guardian
Spain has signalled a hardening line over Catalonia by jailing the leaders of two of the largest separatist organisations in a move seen as taking Madrid closer to imposing central rule over Catalonia. In the first imprisonment of senior secessionist figures since Catalonia's 1 October independence referendum, the court ordered the heads of the Catalan National Assembly (ANC) and independence group Omnium to be held without bail pending an investigation for alleged sedition. - Guardian/Reuters
North Korea's deputy UN ambassador has warned that the situation on the Korean peninsula "has reached the touch-and-go point and a nuclear war may break out any moment". Kim In-ryong told the UN general assembly's disarmament committee that North Korea is the only country in the world that has been subjected to "such an extreme and direct nuclear threat" from the United States since the 1970s and said the country has the right to possess nuclear weapons in self-defence. - Guardian/AP
Chinese state oil companies have written to Saudi Aramco offering to buy up to 5 per cent of its shares and bypass its planned stock market float. Petrochina and Sinopec have expressed interest in a direct deal with the Saudi national oil giant, Reuters reported yesterday. - The Times
Interserve will report to the stock market as early as tomorrow on the depths of its financial crisis after it emerged that it had brought in restructuring accountants from EY, sending its shares to record lows. The construction company, which also acts as an outsourced caretaker and cleaning contractor, was forced yesterday to issue a statement, albeit a brief one, on the news that EY had been hired at the behest of HSBC and Royal Bank of Scotland, its two main bankers. - The Times
World petrol demand will peak within 13 years thanks to the impact of electric cars and more efficient engines, energy experts have predicted. UK-based Wood Mackenzie said it expected the take-up of electric vehicles to cut gasoline demand significantly, particularly beyond 2025 as the battery-powered cars go mainstream. - Guardian
Palladium, a silvery metal used in catalytic converters for petrol cars, has become one of the star commodities of the year, hitting $1,000 an ounce for the first time since 2001. The metal, mined primarily in South Africa, Zimbabwe and Russia, has risen 48pc this year, making it the best performing precious metal. - Telegraph
A car finance lending binge by Lloyds has left it dangerously exposed to a downturn in the market, experts warn.
Britain's banks collectively have £24billion of exposure to motor loans, and Lloyds has been the most enthusiastic adopter. - Mail
The City watchdog is investigating an American investment bank over claims that senior managers improperly interfered with the work of analysts in its research department, an employment tribunal was told yesterday. Jefferies is facing claims from Milan Radia, one of its former leading analysts, that he was forced to change a report under pressure from a potential client of the bank and that he was asked to attend float pitches, in breach of market rules. - The Times
Big four accountancy firm EY has been fined £2.75m for a series of mistakes in the auditing of a tech company's accounts five years ago. EY and one of its partners, Julian Gray, admitted that their conduct "fell significantly short" of industry standards in relation to the accounts of Tech Data (formerly Computer 2000 Distribution) for the year ending January 2012. - Telegraph
European aircraft giant Airbus is buying a majority stake in Bombardier's C Series programme. The two aircraft manufacturers announced the partnership on Monday evening, weeks after Bombardier was hit by a 300% import levy by the United States following a complaint from rival Boeing that the company had dumped its C Series jets at "absurdly low" prices. - Guardian
A major shareholder in Millennium & Copthorne hotels has accused the firm's independent directors of settling for a knock-down price for the business after an offer to take it private emerged last week. Fidelity International, which owns just under 3pc of the company, making it its fifth biggest shareholder, was on Monday trying to galvanise support from other minority shareholders in order to convince the company's management to think again about recommending the offer. - Telegraph
Airline EasyJet yesterday submitted a bid for some of Alitalia's assets. The low-cost carrier revealed its intentions after an earlier announcement by Lufthansa which said it hoped to establish a 'new Alitalia' and that it had also put in an offer for parts of the insolvent airline. - Mail
Theresa May will receive a much-needed Brexit boost today as plans are unveiled for a £1bn investment in the West Midlands train network. Dutch transport giant Abellio has placed a bumper order for more than 100 trains as part of a hi-tech upgrade of the franchise, which covers routes in the West Midlands, as well as from London Euston to Crewe, and Liverpool to Birmingham. - Telegraph
Companies remain worryingly unprepared for new data protection rules that will impose huge fines on organisations that mishandle the personal data of customers, users, employees and associates, the Institute of Directors has warned. The general data protection regulation is huge in scope. It is an attempt to introduce unified rules across the European Union about how organisations create, capture, store and share personal information for the first time since the 1990s' global explosion of digital data. - The Times
Netflix netted its best third quarter on record for subscriber growth as it said it will continue to pump more money into its original programming to ward off growing competition in the market. The streaming service added 5.3 million subscribers in the three month period, a 49pc increase from last year and ahead of its guidance for 4.4 million subscribers, thanks to better-than-expected growth in both the US and internationally. - Telegraph
Insurance giant Legal & General has agreed to buy pet insurer Buddies with the hope of cashing in on Britain's love for cats and dogs. The FTSE 100 company said it would be purchasing the Northamptonshire-based business, which was set up by husband and wife Marianne Metaxas and Avi Levine in 2000, for an undisclosed sum as part of a wider ambition to expand into the rapidly growing pet insurance space. - Telegraph
The investment firm behind the collapsed Monarch airline should help repay the £60m cost of the repatriation of its customers, the transport secretary has told MPs.The Civil Aviation Authority operated more than 500 flights over the past two weeks to return 110,000 Monarch passengers home after the airline went into administration on 2 October. - Guardian
Staff at Capita are planning to stage a nine-day strike over pension terms after talks between the company and the union broke down. Union Unite said on Monday that last minute talks with mediation firm Acas had failed, and so staff represented by the union would be walking out between October 28 and November 5. - Telegraph
The withdrawal of the old £1 coin was mired in chaos on Monday after it emerged that thousands of parking ticket machines and shops have yet to fall into line with the new rules. Car parks serving as many as one million motorists a day have defied the Royal Mint's deadline for updating their machines to accept the new coin. - Telegraph
Lidl is creating 500 new jobs as it gears up to open its largest UK distribution centre in Peterborough as part of its plans to invest £1.45bn in the country over the next two years. The German discounter, which recently overtook Waitrose to become the UK's seventh biggest grocer, said that the new site would be its 15th distribution centre and will supply groceries and non-food items to the nearby area. - Telegraph
New peerages will have a 15-year time limit under a plan to shrink the House of Lords. The Lords has almost 800 members, making it the second largest legislative chamber in the world after the National People's Congress of China, but pressure has grown on the government to reduce its size. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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