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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 edge higher as pound loses ground; RBS and IAG earnings in focus London equity markets edged higher in early trade on Friday, helped along by a weaker pound. At 0830 BST, the FTSE 100 was up 0.2% to 7,504.44, while the pound was down 0.3% versus the euro at 1.1267 and 0.5% weaker against the dollar at 1.3099. Spreadex analyst Connor Campbell said: "Sterling's problems can arguably be traced back to yesterday's retail sales survey from the CBI, which showed that, in October, high street sales plunged at their fastest rate since 2009 (i.e. the peak of the recession). That wiped out all of cable's post-UK Q3 GDP reading gains on Thursday, and has sent the pound another half a percent lower this Friday, the currency now desperately trying to keep its head above $1.31." There are no major UK data releases due but in the US, third-quarter GDP figures are out at 1330 BST, while the Michigan consumer sentiment index is at 1500 BST. Consensus for the GDP reading is of 2.5% compared with the previous report of 2.6%. In corporate news, Royal Bank of Scotland was in the black after saying it swung to a profit of £392m in the third quarter versus a loss of £469m in the same period a year ago as restructuring and conduct costs fell. IT infrastructure services provider Computacenter gained ground after saying overall revenue jumped 27% year-on-year in the third quarter, to £931m. Temporary power provider Drax edged higher as it announced the appointment of Den Jones as interim chief financial officer from 1 November. Specialty chemicals group Elementis rallied after saying it delivered "another good revenue performance" in the third quarter and that it remains on track overall, while insurer Hastings nudged up as it reported a rise in nine-month gross written premiums. In broker note action, Compass was boosted by an upgrade to 'outperform' at RBC Capital Markets, while Aviva was higher after Barclays upped the stock to 'overweight'. On the downside, British Airways and Iberia parent International Consolidated Airlines Group fell despite reporting a 20.7% jump in third-quarter operating profit to €1.46bn and saying operating profit for the full year should come in at around €3bn before exceptional items. Shares in Tullow Oil gushed lower after the company said its Araku-1 exploration well in Suriname found no significant reservoir quality rocks, and is now being plugged and abandoned. |
| | 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) 7,504.44 0.24%
FTSE 250 (MCX) 20,142.64 -0.10%
techMARK (TASX) 3,502.20 0.05% FTSE 100 - Risers Royal Bank of Scotland Group (RBS) 288.50p 2.67%
GKN (GKN) 322.00p 1.77%
Convatec Group (CTEC) 207.60p 1.47%
Compass Group (CPG) 1,623.00p 1.44%
Unilever (ULVR) 4,281.00p 1.33%
Scottish Mortgage Inv Trust (SMT) 442.30p 1.28%
Diageo (DGE) 2,595.00p 1.17%
Burberry Group (BRBY) 1,946.00p 1.09%
Standard Life Aberdeen (SLA) 443.90p 1.07%
Ashtead Group (AHT) 1,968.00p 1.03% FTSE 100 - Fallers International Consolidated Airlines Group SA (CDI) (IAG) 651.00p -2.84%
Antofagasta (ANTO) 961.00p -2.58%
Anglo American (AAL) 1,396.50p -2.44%
Rio Tinto (RIO) 3,498.50p -1.88%
BHP Billiton (BLT) 1,350.50p -1.85%
Glencore (GLEN) 372.00p -1.78%
GlaxoSmithKline (GSK) 1,357.00p -1.67%
easyJet (EZJ) 1,297.00p -1.37%
Fresnillo (FRES) 1,317.00p -0.83%
Shire Plc (SHP) 3,496.00p -0.77% FTSE 250 - Risers Elementis (ELM) 286.40p 2.21%
Coats Group (COA) 87.00p 1.99%
Marshalls (MSLH) 484.20p 1.94%
Provident Financial (PFG) 896.50p 1.41%
PayPoint (PAY) 924.00p 1.20%
Computacenter (CCC) 1,017.00p 1.19%
Polar Capital Technology Trust (PCT) 1,112.00p 1.18%
Worldwide Healthcare Trust (WWH) 2,587.00p 1.13%
Tate & Lyle (TATE) 645.00p 1.02%
Playtech (PTEC) 957.00p 0.95% FTSE 250 - Fallers Tullow Oil (TLW) 174.60p -4.28%
Ferrexpo (FXPO) 261.40p -2.97%
Auto Trader Group (AUTO) 343.20p -2.56%
Kaz Minerals (KAZ) 825.50p -2.54%
Acacia Mining (ACA) 184.80p -2.48%
Vedanta Resources (VED) 875.50p -2.12%
Evraz (EVR) 290.50p -1.92%
TalkTalk Telecom Group (TALK) 206.70p -1.90%
Inmarsat (ISAT) 602.00p -1.87% |
| | UK Event Calendar | | Friday October 27 INTERIMS
System1 Group INTERIM DIVIDEND PAYMENT DATE
Advanced Medical Solutions Group, Air Partner, Belvoir Lettings, Central Asia Metals, Dignity, EMIS Group, Hansteen Holdings, HGCapital Trust, John Laing Group , JPMorgan Russian Securities, Keywords Studios, Learning Technologies Group , Luceco , Medica Group , Midwich Group, Mortgage Advice Bureau (Holdings) , Premier Technical Services Group , Puma Vct 8, Servelec Group , Smurfit Kappa Group, Sprue Aegis, STV Group, Xpediator QUARTERLY PAYMENT DATE
Supermarket Income Reit, Value and Income Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS
U. of Michigan Confidence (US) (15:00) Q3
International Consolidated Airlines Group SA (CDI), Mail.ru Group Ltd GDR (Reg S), Novolipetsk Steel GDS (Reg S), Royal Bank of Scotland Group, Shire Plc IMSS
Berendsen SPECIAL DIVIDEND PAYMENT DATE
Symphony International Holdings Ltd. EGMS
Air China Ltd., Bank Audi S.A.L. GDR (Repr 1'Com'Shr Lbp1650)(Reg S) AGMS
K3 Capital Group TRADING ANNOUNCEMENTS
Elementis, Hastings Group Holdings , Inchcape FINAL DIVIDEND PAYMENT DATE
Brooks Macdonald Group, Consort Medical, Dart Group, Eckoh, Fulcrum Utility Services Ltd. (DI), IG Group Holdings, Mattioli Woods |
| | 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 |
| | US Market Report | | US close: Dow pushes higher amid earnings frenzy The Dow pushed further into record territory on Tuesday, on the heels of a wave of better-than-expected corporate earnings updates. At the close, the Dow Jones Industrial Average was up 0.72% at 23,441.76, the S&P 500 was ahead 0.16% at 2,569.13 and the Nasdaq 100 was 0.2% firmer at 6,080.22. Stock in 3M, Caterpillar, GM and McDonald's were all putting on heavy gains after pleasing shareholders with their latest set of financials, with United Technologies one of the few exceptions, with its shares trading lower despite beating forecasts on the Street for its earnings per share. The lone economic release on Tuesday was IHS Markit's manufacturing sector purchasing managers index for October, which printed at 54.5 - a nine month high - following a reading of 53.1 for September. Back on the corporate front, shares of industrial conglomerate 3M rocketed 5.91% after the firm beat analysts' forecasts for both profits and sales and bumped up its outlook for earnings. General Motors was 2.95% higher despite reporting an enormous third quarter loss of $2.98bn or -$2.03 on a per share basis, versus $1.76 per share of profits a year ago. On an adjusted basis, however, earnings per share came in at $1.32 against a consensus for $1.11, while sales also fell by less than anticipated. Shares of McDonald's were also wanted even after the fast food giant only managed to just meet analysts' estimates on both the top and bottom line. Its stock was up 0.33%. Heavy equipment manufacturer Caterpillar finished the day 4.98% higher after the company said it was seeing stronger demand for its wares across many of its end markets. Dow Jones - Risers 3M Co. (MMM) $234.65 5.91%
Caterpillar Inc. (CAT) $138.24 4.98%
American Express Co. (AXP) $93.87 1.60%
JP Morgan Chase & Co. (JPM) $100.93 1.59%
Boeing Co. (BA) $266.05 1.40%
Goldman Sachs Group Inc. (GS) $244.84 1.12%
Visa Inc. (V) $108.41 0.82%
Home Depot Inc. (HD) $166.05 0.78%
Cisco Systems Inc. (CSCO) $34.58 0.67%
Apple Inc. (AAPL) $157.10 0.60% Dow Jones - Fallers International Business Machines Corp. (IBM) $155.87 -2.30%
General Electric Co. (GE) $21.89 -1.93%
Johnson & Johnson (JNJ) $141.66 -1.38%
United Technologies Corp. (UTX) $119.74 -0.95%
Travelers Company Inc. (TRV) $133.19 -0.94%
Wal-Mart Stores Inc. (WMT) $87.98 -0.76%
Walt Disney Co. (DIS) $98.29 -0.48%
Merck & Co. Inc. (MRK) $63.11 -0.46%
Nike Inc. (NKE) $53.42 -0.45%
Procter & Gamble Co. (PG) $87.00 -0.37% S&P 500 - Risers Corning Inc. (GLW) $31.94 6.43%
3M Co. (MMM) $234.65 5.91%
Caterpillar Inc. (CAT) $138.24 4.98%
Stanley Black & Decker Inc. (SWK) $165.73 4.77%
Alcoa Corporation (AA) $50.08 4.51%
CF Industries Holdings Inc. (CF) $37.61 3.58%
Hasbro Inc (HAS) $92.96 3.58%
Diamond Offshore Drilling Inc. (DO) $15.59 3.11%
Mosaic Company (MOS) $21.66 2.95%
Freeport-McMoRan Inc (FCX) $15.23 2.84% S&P 500 - Fallers Whirlpool Corp. (WHR) $163.26 -10.54%
PACCAR Inc. (PCAR) $70.38 -5.72%
W.W. Grainger Inc. (GWW) $198.35 -5.32%
Centene Corp. (CNC) $93.04 -5.07%
Fastenal Co. (FAST) $46.84 -4.25%
Interpublic Group of Companies Inc. (IPG) $19.81 -3.97%
Biogen Inc (BIIB) $315.73 -3.90%
Under Armour Inc. Class A (UAA) $16.30 -3.21%
Owens-Illinois Inc. (OI) $24.35 -3.10%
AbbVie Inc (ABBV) $91.69 -2.92% Nasdaq 100 - Risers Hasbro Inc (HAS) $92.96 3.58%
Activision Blizzard Inc. (ATVI) $62.73 2.07%
NetEase Inc. Ads (NTES) $280.54 1.98%
American Airlines Group (AAL) $51.95 1.90%
Netflix Inc. (NFLX) $196.02 1.84%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $54.66 1.75%
Analog Devices Inc. (ADI) $90.29 1.71%
QUALCOMM Inc. (QCOM) $54.25 1.61%
Broadcom Limited (AVGO) $247.68 1.40%
T-Mobile Us, Inc. (TMUS) $62.28 1.32% Nasdaq 100 - Fallers PACCAR Inc. (PCAR) $70.38 -5.72%
Fastenal Co. (FAST) $46.84 -4.25%
Biogen Inc (BIIB) $315.73 -3.90%
Viacom Inc. Class B (VIAB) $25.65 -2.51%
Twenty-First Century Fox Inc Class B (FOX) $25.56 -1.73%
Twenty-First Century Fox Inc Class A (FOXA) $26.23 -1.72%
Celgene Corp. (CELG) $120.34 -1.66%
Liberty Global Plc Lilac Class A (LILA) $21.51 -1.47%
Regeneron Pharmaceuticals Inc. (REGN) $426.51 -1.44% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Friday newspaper round-up: Deutsche Boerse, billionaires, Amazon The chief executive of Germany’s stock exchange has resigned to avoid distractions caused by allegations that he has been involved in insider dealing. The Frankfurt-based Deutsche Börse announced Carsten Kengeter would leave at the end of the year just days after a German court refused to back a settlement over the allegations under which he had agreed to a €500,000 (£443,281) penalty and the Börse €10.5m. – Guardian The world's super-rich hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century, when families like the Carnegies, Rockefellers and Vanderbilts controlled vast fortunes. Billionaires increased their combined global wealth by almost a fifth last year to a record $6tn (£4.5tn) " more than twice the GDP of the UK. There are now 1,542 dollar billionaires across the world, after 145 multi-millionaires saw their wealth tick over into nine-zero fortunes last year, according to the UBS / PwC Billionaires report. " Guardian Jeff Bezos was closing in on Bill Gates' status as the world's richest man this evening as shares in Amazon jumped following better-than-expected profits. The online retail giant, reporting its first set of results since it bought the grocery chain Whole Foods, slightly increased profits to $256m (£195m) in the third quarter of the year, surprising investors who had expected heavy investment to weigh on income. " Telegraph Saudi Arabia is looking to the heavens with a plan to invest $1bn (£760m) in Sir Richard Branson's space businesses. The entrepreneur, who attended the Future Investment Initiative summit in Riyadh, said that the country plans to sink the money into his US-based Virgin Galactic, Spaceship Company and Virgin Orbit ventures. " Telegraph A transatlantic bridge linking London and New York was the thinking behind Jes Staley's repositioning of the Barclays investment banking division, but some days the beleaguered boss must wonder if he could leave the City behind for his native Wall Street. As many Barclays chief executives have learnt to their cost in the past 30 years, when it comes to investment banking, UK fund managers do not have much patience for grand plans. " The Times Carelessness in preparing tax returns is costing the Treasury about £6 billion a year and is the biggest contributor to the UK's tax gap. Figures from Revenue & Customs show that £34 billion of tax revenue went uncollected between 2015 and 2016. Of this total, £6.1 billion was a result of a "failure to take reasonable care" by self-assessed taxpayers, including negligence in adequately recording their transactions. " The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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