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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 Steady But Whitbread Slumps On Disappointing Interims London stocks were steady in early trade, but leisure sector giant Whitbread slid after a disappointing set of interim results. At 0840 BST, the FTSE 100 was flat at 7,525.23, while the pound was down 0.1% against the euro and the dollar to 1.1220 and 1.3187, respectively. Spreadex analyst Connor Campbell said: “It was another predictably slow start for the markets this Tuesday, though mercifully not as sluggish as on Monday. “Despite the pound slipping 0.1% against both the dollar and the euro, with the currency suffering on Bank of England deputy governor Jon Cunliffe claiming a November rate hike is an ‘open question’, the FTSE couldn’t find its way to any significant growth this morning.” Speaking on a trip to Wales, Cunliffe told the Western Mail that while interest rates are sure to be higher in three years’ time, there’s no guarantee that the first hike in a decade is imminent. There are no major UK data releases due on Tuesday, but Wednesday sees the release of third-quarter GDP data and mortgage approvals numbers. In corporate news, Whitbread was under the cosh after first-half results showed evidence of a bit of a summer slowdown, with revenues at its Premier Inn hotels and Costa Coffee arms both softening but tight cost control percolating through to a solid profit performance. St James's Place edged higher as it posted £2.36nbn of net inflows of new funds under management for the three months to the end of September compared to £1.66bn in the same period one year ago. Saga was also in the black as it said chairman Andrew Goodsell intends to retire next year, while distribution and outsourcing group Bunzl gained some ground after it reported a rise in third-quarter revenue as it continues to eye further acquisitions. International service company Serco rallied as it reached agreement to acquire BTP Systems - a provider of satellite communication and radar engineering technical services to the US defence industry and signed heads of terms to acquire a portfolio of selected UK health facilities management contracts from Carillion. Oil services group Hunting gushed higher after saying it expects a modest profit for the year as revenue rose in third quarter. Carillion surged after agreeing to sell a large part of its UK healthcare facilities management business to Serco for £50.1m, and announcing new financing and contract wins. Weir advanced as RBC Capital Markets lifted it to ‘outperform’, while Pendragon fell again after its profit warning on Monday, as Berenberg and Liberum downgraded their ratings on the stocks. RSA Insurance was boosted by an upgrade to ‘overweight’ at JPMorgan, but Admiral and Esure were hit by downgrades from the same outfit. |
| | 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 |
| | Market Movers FTSE 100 (UKX) 7,525.23 0.01%
FTSE 250 (MCX) 20,145.16 0.07%
techMARK (TASX) 3,543.67 -0.04% FTSE 100 - Risers RSA Insurance Group (RSA) 638.50p 1.35%
Ashtead Group (AHT) 1,911.00p 1.33%
St James's Place (STJ) 1,182.00p 1.03%
Antofagasta (ANTO) 1,011.00p 0.80%
Persimmon (PSN) 2,871.00p 0.49%
Lloyds Banking Group (LLOY) 67.32p 0.48%
ITV (ITV) 172.70p 0.47%
Intertek Group (ITRK) 5,180.00p 0.39%
Worldpay Group (WPG) 407.50p 0.37%
Fresnillo (FRES) 1,390.00p 0.36% FTSE 100 - Fallers Whitbread (WTB) 3,804.00p -3.50%
Admiral Group (ADM) 1,874.00p -2.19%
Merlin Entertainments (MERL) 369.00p -1.31%
Mondi (MNDI) 1,866.00p -0.96%
Centrica (CNA) 173.90p -0.86%
Johnson Matthey (JMAT) 3,448.00p -0.66%
Smiths Group (SMIN) 1,563.00p -0.64%
Rolls-Royce Holdings (RR.) 928.50p -0.59%
easyJet (EZJ) 1,313.00p -0.53%
Direct Line Insurance Group (DLG) 376.00p -0.53% FTSE 250 - Risers Hunting (HTG) 486.90p 6.61%
Grainger (GRI) 275.50p 2.49%
Weir Group (WEIR) 2,107.00p 2.28%
Kaz Minerals (KAZ) 851.50p 1.61%
Centamin (DI) (CEY) 145.00p 1.33%
Redrow (RDW) 649.50p 1.25%
HarbourVest Global Private Equity Limited A Shs (HVPE) 1,299.00p 1.09%
Stobart Group Ltd. (STOB) 267.40p 0.91%
Galliford Try (GFRD) 1,347.00p 0.90%
Go-Ahead Group (GOG) 1,741.00p 0.87% FTSE 250 - Fallers esure Group (ESUR) 263.50p -4.01%
Computacenter (CCC) 962.50p -2.43%
McCarthy & Stone (MCS) 155.00p -2.21%
Investec (INVP) 550.00p -1.43%
Restaurant Group (RTN) 296.10p -1.33%
Hays (HAS) 184.90p -1.23%
Hochschild Mining (HOC) 227.30p -1.17%
Ladbrokes Coral Group (LCL) 124.00p -1.04%
Dechra Pharmaceuticals (DPH) 2,029.00p -1.02%
Beazley (BEZ) 489.50p -1.01% |
| | Who pockets your portfolio's profits? You or your broker? | | Make sure you’re not paying too much for your portfolio’s account admin by choosing fixed over percentage-based fees. Capital at risk. Read more |
| | UK Event Calendar | | Tuesday October 24 INTERIMS
Bloomsbury Publishing, Gear4music (Holdings), Whitbread INTERIM DIVIDEND PAYMENT DATE
Flowtech Fluidpower, Pendragon, Playtech, Shore Capital Group Ltd. Q3
St James's Place GMS
Hemogenyx Pharmaceuticals , Kin Group IMSS
Reckitt Benckiser Group EGMS
MHP S.E. GDR (Reg S) AGMS
Brooks Macdonald Group, Mcbride, Oil & Gas Development Company Ltd GDR (Reg S), Premaitha Health TRADING ANNOUNCEMENTS
Anglo American, Bunzl, Carpetright, International Personal Finance, Shoe Zone |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks start on a mixed note, Spain still a sore spot Stocks have started the morning in a mixed fashion, with the immediate market spotlight still on events in Spain while investors wait on the outcome of the European Central Bank's policy meeting on Thursday. Against that backdrop, as of 0848 BST the benchmark Stoxx 600 was dipping 0.01% to 390.68, alongside a gain of 0.15% to 22,411.42 on the FTSE Mibtel and a dip of 0.07% to 12,990.96 in the German Dax. Overnight, reports surfaced in the Spanish-language Catalan press that the regional president Carles Puigdemont would travel to Madrid to argue against any move to intervene or freeze autonomy in his region. Nonetheless, tensions were running high with Puigdemont reportedly accusing Madrid during the evening of wanting to "humilliate" Catalonia. More specifically, it was being argued that the central government was trying to make it impossible for him to travel down from Barcelona by scheduling a Spanish Senate hearing on whether to allow the government to trigger Article 155 on the same day as a meeting in the Catalan regional assembly. However, according to El Pais the spokesman for the Spanish Senate had announced the date of the Madrid hearings before officials in Catalonia had set the date for their own. Then, on Monday morning, according to La Vanguardia, which cited remarks made to the national radio broadcaster RNE, Spain's Justice Minister said that it would not suffice for Puigdemont to call elections in order for him to avoid triggering Article 155 of the country's constitution, which would pave the way for temporarily suspending the region's autonomous powers. "The return of fractious politics across Europe after the surprise results in Austria and the Czech Republic, along with the complete mishandling of events in Catalonia by the Spanish government appears to have uncorked a problem that is likely to prove to be extremely difficult to resolve," said Michael Hewson, chief market analyst at CMC Markets UK. According to other analysts, markets were in a bit of holding pattern ahead of the European Central Bank's policy meeting on Thursday, although for some observers substantial information regarding rate-setters deliberations had already been 'leaked' so the hurdle for surprises was now quite high. On the economic front, IHS Markit's composite euro area manufacturing sector purchasing managers' index fell from a reading of 56.7 in September to 55.9 for October (consensus: 56.5). Still on the economic calendar for later, the ECB was set to relase the results of its Eurozone bank lending survey for the third quarter of 2017. Policymakers at the National bank of Hungary were also set to meet to decide on interest rates. In corporate news, stock in Unicredit was slightly lower after the Italian lender mistakenly released its third quarter figures two weeks ahead of schedule, posting a 5.7% drop in net interest income to €2.5bn. Sales at German sportswear manufacturer Puma jumped 17% to €1.122m over the latest three month period, alongside a 230bp increase in gross margins, led the company to raise its full-year sales and operating profit forecasts. |
| | 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: Stocks Break Record Run Wall Street's main market gauges pulled back from their record highs at the start of the week reached during the previous session, although according to analysts sentiment continued to be underpinned by optimism over Trump’s tax plans as investors look forward to a heavy week in terms of corporate earnings. At the closing bell, the Dow Jones Industrial Average was lower by 0.23% or 54.67 points to 23,273.96, alongside a dip of 0.40% or 10.23 points to 2,564.98 for the S&P 500 while the Nasdaq Composite was off by 0.64% or 42.23 points to 6,586.83. Craig Erlam, senior market analyst at Oanda, said: "sentiment remains very positive as we head into a key week for corporate earnings. "With 185 S&P 500 companies due to report on the third quarter this week, earnings will naturally be a key factor when it comes to the sustainability of the stock market rally. Global risk appetite remains strong though and investors are becoming increasingly optimistic about the economic outlook. Add tailwinds such as US tax reform into the mix and despite lingering geopolitical and political risks, the rally may have some way to go yet." There was little in the way of fresh economic data to be had aside from the Federal Reserve bank of Chicago's national activity index. The three-month moving average for the gauge was steady in September at a reading of -0.16. On the corporate front, disk-drive manufacturer Seagate Technologywas in the headlines, with shares up 9% after company published adjuster earnings per share of 96 cents for its fiscal first quarter (consensus: 86 cents). The company's shares were nevertheless still nursing significant losses for the year-to-date. Netflix on the other hand was a drag on markets after unveiling plans to issue $1.6bn of senior debt to fund its content acquisition goals. Celgene was one of the top fallers after abandoning three clinical trials for its GED-0301 therapy for Crohn's disease. In parallel, stock in CarMax was slightly lower after telling investors it would add 2,000 staff before the year was out. Elsewhere, electric car maker Tesla skidded lower following a report it has reached an agreement to set up its own manufacturing facility in Shanghai. Cisco Systems announced its intention to buy software company BroadSoft for $1.73bn. Dow Jones - Risers Wal-Mart Stores Inc. (WMT) $88.65 1.38%
Nike Inc. (NKE) $53.66 1.13%
Intel Corp. (INTC) $40.83 0.99%
Johnson & Johnson (JNJ) $143.66 0.86%
Travelers Company Inc. (TRV) $134.45 0.85%
Home Depot Inc. (HD) $164.74 0.80%
American Express Co. (AXP) $92.39 0.31%
Cisco Systems Inc. (CSCO) $34.35 0.29%
Chevron Corp. (CVX) $118.93 0.24%
Caterpillar Inc. (CAT) $131.68 0.24% Dow Jones - Fallers General Electric Co. (GE) $22.32 -6.34%
McDonald's Corp. (MCD) $163.34 -1.78%
International Business Machines Corp. (IBM) $159.57 -1.55%
Verizon Communications Inc. (VZ) $48.99 -1.09%
Procter & Gamble Co. (PG) $87.29 -1.08%
Goldman S&P 500 - Risers Seagate Technology Plc (STX) $39.35 12.62%
VF Corp. (VFC) $69.95 5.38%
DaVita Inc (DVA) $61.00 2.78%
QUALCOMM Inc. (QCOM) $53.39 2.63%
First Solar Inc. (FSLR) $48.92 2.49%
H&R Block Inc. (HRB) $26.25 2.06%
Western Digital Corp. (WDC) $87.99 1.83%
Kroger Co. (KR) $21.36 1.57%
Centene Corp. (CNC) $97.94 1.54%
Hewlett Packard Enterprise (HPE) $14.25 1.50% S&P 500 - Fallers Hasbro Inc (HAS) $89.75 -8.60%
General Electric Co. (GE) $22.32 -6.34%
Spectra Energy Corp. (SE) $15.26 -6.15%
Mallinckrodt Plc Ordinary Shares (MNK) $30.79 -5.03%
Chesapeake Energy Corp. (CHK) $3.62 -5.00%
Southwestern Energy Co. (SWN) $5.14 -4.46%
Hartford Financial Services Group Inc. (HIG) $54.07 -4.30%
Newfield Exploration Co (NFX) $28.52 -4.23%
Under Armour Inc. Class A (UAA) $16.84 -3.66%
Discovery Communications Inc. Class A (DISCA) $19.62 -3.30% Group Inc. (GS) $242.13 -1.06%
Boeing Co. (BA) $262.32 -0.92%
Merck & Co. Inc. (MRK) $63.40 -0.75%
Walt Disney Co. (DIS) $98.76 -0.64%
Unitedhealth Group Inc. (UNH) $207.01 -0.23% Nasdaq 100 - Risers Seagate Technology Plc (STX) $39.35 12.62%
QUALCOMM Inc. (QCOM) $53.39 2.63%
Western Digital Corp. (WDC) $87.99 1.83%
T-Mobile Us, Inc. (TMUS) $61.47 1.67%
Fastenal Co. (FAST) $48.92 1.10%
Texas Instruments Inc (TXN) $96.21 1.08%
Intuitive Surgical Inc. (ISRG) $373.52 1.07%
Intel Corp. (INTC) $40.83 0.99%
Automatic Data Processing Inc. (ADP) $117.01 0.93%
Celgene Corp. (CELG) $122.37 0.86% Nasdaq 100 - Fallers Hasbro Inc (HAS) $89.75 -8.60%
Mercadolibre Inc. (MELI) $226.35 -3.98%
Discovery Communications Inc. Class A (DISCA) $19.62 -3.30%
Mattel Inc. (MAT) $15.46 -3.19%
Discovery Communications Inc. Class C (DISCK) $18.66 -3.12%
Twenty-First Century Fox Inc Class B (FOX) $26.01 -3.09%
Twenty-First Century Fox Inc Class A (FOXA) $26.69 -2.95%
Biogen Inc (BIIB) $328.55 -2.82%
Alexion Pharmaceuticals Inc. (ALXN) $135.20 -2.75%
Tesla Inc (TSLA) $337.02 -2.34% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Tuesday Newspaper Round-Up: Lloyds, Dr Martens, Saudi Aramco
European stocks were picking up a little steam after a listless Monday morning, as slippage in the euro benefitted exporters but Spain's issues with Catalonia continued to cause some anxiety. Not too long after midday in London, the benchmark Stoxx 600 was up 0.29% to 391.27, as exporters led the German Dax up 0.39% to 13042.02, with Spain's Ibex 35 trading lower by 0.29% to 10,193.20. Over the weekend, authorities in Madrid approved a series of measures including the possible removal of the top officials in Catalonia, calling regional elections within six months' time at a maximum, assuming control of the local police force and - possibly - of the regional public broadcaster, TV3. While Spain's central government was at pains to emphasise that regional autonomy had not and would not be suspended, Spanish PM Mariano Rajoy's decisiveness appeared to take some observers by surprise. Indeed, there were some signs of tensions within the Socialist party - which backed Madrid but also has a regional affiliate in Catalonia, the PSC. The central government's proposed measures also drew criticism from the mayor of Barcelona, Ada Colau, who had a power sharing agreement with the PSC and until then had mostly kept to the sidelines. In particular, the proposed control of the TV3 network appeared to be a bone of contention, even for some Socialists in Madrid. But Spain wasn't alone in the media spotlight over the weekend. As Michael Hewson, chief market analyst at CMC Markets pointed out: "In another headache for Brussels and EU leaders another populist candidate won a resounding mandate at the weekend, this time in the Czech Republic, following in the footsteps of Austria the weekend before. The established political order was swept aside by a party led by billionaire Andrej Basis who has been critical of the euro and the EU’s migrant policies. "In Italy, where politics has always been complicated two of Italy’s richest regions, Lombardy and Veneto, held non-binding referendums over the weekend in an attempt to gain greater fiscal autonomy with the leaders of the two regions claiming an overwhelming majority were of the opinion that more of the revenue that is raised in the region should be spent in the region and not diverted south." With these developments mingling with the Spain's constitutional scuffles, the euro was under pressure. Analyst Henry Croft at Accendo Markets said European stocks were participating in a broadly positive to start the new week, welcoming a favourable Japanese election result, US bullishness on the back of tax reforms and the weakness of the euro helping Germany’s DAX to outperform peers. The DAX was led higher by heavyweight exporters such as Siemens, Thyssenkrupp, Heidelberg Cement, Daimler and Volkswagen, which is more than offsetting losses for Prosibensat.1 and banks hit by worries over the Catalan impact on European financials. As the week draws on, the market spotlight will turn firmly on to the European Central Bank, which is expected to be preparing to announce details of its bond buying extension after its meeting concludes with a press conference on Thursday. "While the extension itself will come as no surprise, the size and duration of the extension will be of keen interest," said analyst Craig Erlam at Oanda. "With the extension largely priced in at this stage, it will be interesting to see whether we see much more upside in the euro which has already reached levels the ECB clearly deems to be uncomfortable in recent months." Economic news was thin on the ground on Monday, with investors left to peruse figures showing an acceleration in the rate of growth of Switzerland's money supply from a 4.1% year-on-year clip in August to 4.4% for September. A preliminary reading on euro area consumer confidence for the month of October was due to be published at 1500 BST. No first-tier economic reports were scheduled for release in the States on Monday. Consumer goods group Henkel may opt for non-organic growth in the US market, company boss Hans van Bylen told Welt am Sonntag. Workers at Audi, a unit of German car manufacturer Volkswagen, were demanding five-year extensions of their job guarantees to 2025, according to Der Spiegel. | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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