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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 in the black as BP gushes higher after results London stocks edged higher in early trade on Tuesday, boosted by some-well received results from oil giant BP. At 0835 BST, the FTSE 100 was up 0.3% to 7,506.18, while the pound was up 0.1% against the euro at 1.1346 and flat versus the dollar at 1.3211. A survey released earlier by GfK showed UK consumer confidence about the economy worsened in October, ahead of big decisions from the Bank of England later this week, the Budget next month and ongoing Brexit negotiations. GfK's consumer confidence index dropped one point to -10 in October as sub-categories for the general economic situation over the last 12 months fell one point and for the coming 12 months decreased by two points. On the upside, the measure for people's personal financial situation over the last 12 months and the major purchase index increased by one and two points respectively. The score for people's personal financial situation over the next 12 months stayed the same. Although it's not until Thursday, market participants are likely to be looking ahead to the latest rate announcement from the Bank of England. CMC Markets analyst Michael Hewson said: "Markets still assign an 86% probability that the Bank will raise rates for the first time in ten years this Thursday, which means the consequences of not doing so are likely to be brutal on the pound. "Yesterday's consumer credit numbers showed that borrowing slowed slightly in September but not worryingly so. The latest Gfk consumer confidence did show a slight fall in October to -10 as consumers slowed their spending ahead of the Christmas period, though business confidence does appear to be holding steady for the time being." In corporate news, BP gushed higher after it announced a plan to buy back shares as its third-quarter profit beat analysts' expectations. Speciality chemicals firm Croda International was also on the front foot after it affirmed its full-year outlook and said that the improved sales trend seen in the first half of 2017 continued through the third quarter. William Hill and Ladbrokes Coral racked up gains, with traders pointing to some relief that the department of digital, culture, media and sport has launched a 12-week consultation on a range of options to tackle problems with fixed-odd betting terminals, rather than announce an immediate cut to the maximum stakes as thought. Just Eat advanced as it bumped up its full-year revenue guidance and reported a 47% jump in revenue for the third quarter. Budget airline Ryanair flew higher after saying it still expects to make record annual profits this year despite disruptions that led to thousands of flights being cancelled. On the downside, advertising giant WPP was in the red after its sales remained negative in the third quarter as the advertising market continued to be hit by client cost saving. FTSE 250 packaging company DS Smith was weaker despite saying that trading in the half-year was in line with its expectations, with return on average capital employed at the upper end of the target range. Engineer Weir Group tanked as it warned that operating profit for the year is expected to be lower than previously indicated due to its minerals operations, despite a strong showing in the oil and gas division. Glencore fell after the Anglo-Swiss commodity trading and mining group said that it plans to delist its shares from the Hong Kong Stock Exchange at the end of January. Royal Mail was hit by a downgrade to 'underperform' at Credit Suisse, while Renishaw and Electrocomponents were weaker after Peel Hunt downgraded its ratings on the stocks and Rotork was dented by a Goldman Sachs downgrade to 'neutral'.
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| | Market Movers FTSE 100 (UKX) 7,506.18 0.25%
FTSE 250 (MCX) 20,221.38 0.04%
techMARK (TASX) 3,525.16 -0.13% FTSE 100 - Risers Croda International (CRDA) 4,191.00p 4.41%
BP (BP.) 517.90p 3.25%
easyJet (EZJ) 1,322.00p 1.85%
SEGRO (SGRO) 534.50p 1.42%
Whitbread (WTB) 3,701.00p 1.26%
Unilever (ULVR) 4,256.50p 1.14%
Royal Dutch Shell 'A' (RDSA) 2,369.00p 0.98%
Royal Dutch Shell 'B' (RDSB) 2,424.50p 0.96%
RSA Insurance Group (RSA) 632.50p 0.96%
Severn Trent (SVT) 2,110.00p 0.81% FTSE 100 - Fallers Glencore (GLEN) 366.40p -0.97%
WPP (WPP) 1,284.00p -0.85%
Pearson (PSON) 710.50p -0.77%
G4S (GFS) 280.40p -0.60%
Mondi (MNDI) 1,818.00p -0.60%
Fresnillo (FRES) 1,329.00p -0.60%
Royal Bank of Scotland Group (RBS) 282.50p -0.60%
Carnival (CCL) 4,966.00p -0.56%
Smurfit Kappa Group (SKG) 2,261.00p -0.48%
Diageo (DGE) 2,577.00p -0.41% FTSE 250 - Risers Just Eat (JE.) 763.00p 3.11%
William Hill (WMH) 258.10p 2.22%
Hiscox Limited (DI) (HSX) 1,435.00p 2.14%
Smith (DS) (SMDS) 525.00p 1.84%
Ladbrokes Coral Group (LCL) 127.50p 1.76%
Vectura Group (VEC) 102.80p 1.58%
Acacia Mining (ACA) 188.60p 1.40%
Indivior (INDV) 350.00p 1.36%
Capital & Counties Properties (CAPC) 262.40p 1.31%
Lancashire Holdings Limited (LRE) 734.50p 1.31% FTSE 250 - Fallers Weir Group (WEIR) 1,952.00p -6.87%
Royal Mail (RMG) 370.60p -4.90%
Rotork (ROR) 261.80p -3.86%
St. Modwen Properties (SMP) 371.00p -2.06%
Electrocomponents (ECM) 691.00p -1.92%
IMI (IMI) 1,223.00p -1.77%
Renishaw (RSW) 4,937.00p -1.65%
Genus (GNS) 2,393.00p -1.52%
Coats Group (COA) 85.20p -1.27% |
| | 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 |
| | UK Event Calendar | | Tuesday 31 October INTERIMS
Great Eastern Energy Corp Ltd. GDR, Ryanair Holdings INTERIM DIVIDEND PAYMENT DATE
BioPharma Credit , Cambian Group, John Laing Infrastructure Fund Ltd, NAHL Group, Old Mutual, Wynnstay Group QUARTERLY PAYMENT DATE
F&C Commercial Property Trust Ltd., Funding Circle SME Income Fund, Middlefield Canadian Income PCC, Real Estate Investors, Schroder Income Growth Fund INTERNATIONAL ECONOMIC ANNOUNCEMENTS
GDP (Preliminary) (EU) (10:00)
Unemployment Rate (EU) (10:00) Q3
BP GMS
Altona Energy, Puma Vct 8 FINALS
Earthport, Egdon Resources AGMS
Angle, JPMorgan Mid Cap Inv Trust, Kodal Minerals , Maxcyte (DI), Terra Catalyst Fund (DI) TRADING ANNOUNCEMENTS
Just Eat , Plus500 Ltd (DI), WPP FINAL DIVIDEND PAYMENT DATE
Abbey, Alumasc Group, Chemring 7% Cumulative Preference Shares 1, City of London Investment Group, Coral Products, Rank Group
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| | 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% |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Tuesday newspaper round-up: Brexit vote, construction, dairy, Pearson A Brexit agreement with the EU would need to be enshrined in law and be subject to scrutiny and a vote by MPs and peers, ministers have conceded. Until now Theresa May and David Davis, the Brexit secretary, have insisted that parliament will only be given a “take it or leave it” vote on the overall deal, without the need for primary legislation. - The Times Gordon Brown has claimed bankers should have been jailed for their fraudulent and dishonest behaviour during the financial crisis that led to Britain's deepest post-war recession and his defeat in the 2010 general election. The Labour former prime minister used the second extract from his memoirs to warn that the failure to take a tougher line with wrongdoing " as pursued by other countries " has made it inevitable that rogue bankers will again gamble with public money. - Guardian Almost one in three construction jobs could be eliminated over the next two decades as advances in robotics and digital technology mean human builders are replaced. New research from Mace predicts 600,000 of the current 2.2m positions in the industry could be automated by 2040 as the "Fourth Industrial Revolution" turns the sector on its head. - Telegraph Nationwide has paved the way for an across-the-board increase in mortgage costs by announcing that a 0.25% interest rate rise would be passed on in full to its 600,000-plus variable-rate home loan customers. The building society said that if, as is widely expected, the Bank of England lifts the base rate by 0.25% to 0.5% on Thursday, it would increase both of its variable rates by 0.25%. - Guardian Pearson is understood to be nearing a sale of its English-language teaching business to two Asian private equity funds for up to $400 million. Wall Street English has been teaching conversational English to professionals and university students around the world for use in conference calls, negotiations and presentations for 45 years. - The Times Employers are looking for skilled workers to smooth the transition out of the European Union, pushing the number of professional jobs available in the UK up 7pc in the last three months. According to recruitment firm Robert Walters, job volume growth was strongest in supply chain accounting and procurement roles, where the number of jobs available compared to last year was 15pc and 13pc higher respectively. - Telegraph Supermarkets are raising the cost of milk as a dairy shortage hits supplies " but a pint is still cheaper than bottled water. Morrisons has responded to soaring prices at the farm gate by raising the price of four-pint bottles from £1 to £1.10, with industry experts saying other supermarket chains are highly likely to follow. - The Times The chief executive of British Airways, Willie Walsh, has rejected claims that flights between the European Union and the UK will be grounded in a "no deal" Brexit scenario. "The prospect of there being no flying between the UK and Europe, I don't agree with at all," Mr Walsh told the House of Commons Transport Committee. - Telegraph The NHS is planning to stop prescribing a life-changing drug after the only supplier increased the price of a tablet from 16p to £9.22. Thousands of patients with thyroid problems could be forced to travel to Europe to buy liothyronine, where a packet costs a few euros. The price rises were brought in by Concordia International and a company that it bought. - The Times Philip Hammond is pinning his hopes for a successful budget next month on a hedge fund economist. The chancellor said yesterday that Steffan Ball, chief economist at Citadel, a $26 billion hedge fund based in Chicago, was his new economic adviser. - The Times Celebrities and football managers are among almost 200 members of a huge tax avoidance scheme preparing a landmark £100 million legal action against three banks and a Hollywood studio. The investors allege that Barclays, Bank of Ireland, HSBC and Disney misrepresented the chances of the Eclipse film investment scheme delivering tax breaks, with the result that many now face huge tax bills and possible bankruptcy. - The Times GPs are to vote on quitting the NHS and going private, calling for their union to help them to develop plans for charging patients. Doctors will also vent their frustration during a conference next week at having to see more patients, insisting they should be able "to say 'no' without feeling guilt". - The Times Chemicals giant Ineos has bought Belstaff, the British heritage fashion brand, in the latest off-centre move by its founder and chairman, billionaire Jim Ratcliffe, a month after he unveiled plans to start making cars. On announcing its purchase of Belstaff, Ineos cited its "links to automotive". - Telegraph | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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