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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 fall ahead of GDP data; Centrica tanks on profit warning London stocks fell in early trade on Thursday as investors eyed the latest reading on third-quarter UK GDP, with British Gas owner Centrica down sharply after a profit warning. At 0830 GMT, the FTSE 100 was 0.5% lower at 7,383.70, while the pound was down 0.2% versus the euro at 1.1249 and 0.1% lower against the dollar at 1.3309. On the data front, the second estimate of third-quarter gross domestic product data is due at 0930 GMT, while the CBI distributive trades survey is at 1100 GMT. The GDP reading is expected to be unchanged from the preliminary estimate of 1.5%. Oanda analyst Craig Erlam said: "If the OBR's forecasts - as revealed by Chancellor Philip Hammond in yesterday's Autumn - are to be believed, we should get used to only moderate growth in the coming years, with significant downward revisions being driven by lower productivity and business investment." In corporate news, Centrica tumbled 17% as it warned that annual profit will be lower than market expectations due to poor performance at its business energy supply division. Pub group Mitchells & Butlers also suffered heavy losses after it reported a drop in full-year profit on as it highlighted inflationary cost headwinds, although revenue rose. GlaxoSmithKline slipped after saying that it and partner Innoviva have filed a supplemental new drug application with the US Food and Drug Administration for the use of Trelegy Ellipta for an expanded indication of chronic obstructive pulmonary disease. Cineworld fell despite reporting a 10.6% jump in revenue for the period from 1 January to 19 November. SIG slumped after Canaccord Genuity cut the stock to 'hold', while National Grid, Vodafone, Carnival, TalkTalk, and Vedanta Resources were all down as their stock went ex-dividend. On the upside, Severn Trent rallied as it lifted its forecast for regulatory incentives after what it said was a "great" first half of the year, with sales increased 3.7%, underlying earnings per share by 7.7% and dividend by 6.2%. Residential landlord Grainger edged higher after exchanging contracts with Blackswan Property to forward-fund and acquire a private rented sector build-to-rent development at Gilder's Yard in Birmingham. Actuator manufacturer Rotork advanced as it said group order intake in the third quarter increased 12%, while revenue was up 5.1%, while Paragon Banking Group was in the black after posting a rise in full-year profit thanks to growth across its business lines. |
| | Following the financial crisis, high street banks have funded fewer SME housebuilders | | Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. |
| | Market Movers FTSE 100 (UKX) 7,383.70 -0.48%
FTSE 250 (MCX) 19,972.05 -0.21%
techMARK (TASX) 3,468.59 -0.35% FTSE 100 - Risers Severn Trent (SVT) 2,171.00p 2.26%
Sage Group (SGE) 792.00p 1.28%
easyJet (EZJ) 1,365.00p 1.11%
ITV (ITV) 150.20p 0.94%
Rentokil Initial (RTO) 325.50p 0.71%
United Utilities Group (UU.) 784.50p 0.26%
Scottish Mortgage Inv Trust (SMT) 461.80p 0.24%
Mondi (MNDI) 1,749.00p 0.17%
Barratt Developments (BDEV) 611.00p 0.16%
Unilever (ULVR) 4,193.50p 0.12% FTSE 100 - Fallers Centrica (CNA) 142.10p -12.98%
National Grid (NG.) 869.50p -2.45%
SSE (SSE) 1,334.00p -2.41%
Vodafone Group (VOD) 224.40p -1.90%
Babcock International Group (BAB) 693.00p -1.77%
Carnival (CCL) 4,934.00p -1.32%
Johnson Matthey (JMAT) 3,101.00p -1.27%
Glencore (GLEN) 359.45p -1.11%
Standard Chartered (STAN) 736.30p -1.05%
Schroders (SDR) 3,456.00p -0.97% FTSE 250 - Risers Hastings Group Holdings (HSTG) 311.57p 1.92%
Senior (SNR) 270.40p 1.01%
Investec (INVP) 505.50p 1.00%
Dairy Crest Group (DCG) 576.50p 0.96%
PayPoint (PAY) 946.00p 0.91%
NewRiver REIT (NRR) 331.60p 0.82%
Morgan Advanced Materials (MGAM) 332.10p 0.82%
Polypipe Group (PLP) 383.80p 0.76%
Petrofac Ltd. (PFC) 448.10p 0.74%
Rotork (ROR) 262.40p 0.73% FTSE 250 - Fallers Mitchells & Butlers (MAB) 239.90p -7.02%
SIG (SHI) 155.40p -5.82%
TalkTalk Telecom Group (TALK) 151.10p -3.64%
Jupiter Fund Management (JUP) 574.00p -2.13%
Vedanta Resources (VED) 781.40p -2.08%
Marston's (MARS) 101.90p -2.02%
Entertainment One Limited (ETO) 313.60p -1.88%
Hansteen Holdings (HSTN) 141.80p -1.87%
Redefine International (RDI) 36.74p -1.76% |
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| | UK Event Calendar | | Thursday November 23 INTERIMS
Caledonia Investments, CMC Markets, First Property Group, Greencoat Renewables, Hogg Robinson Group, Liontrust Asset Management, Majestic Wine, Mothercare, Severn Trent, Shires Income, TR Property Inv Trust, Worldwide Healthcare Trust INTERIM DIVIDEND PAYMENT DATE
Plus500 Ltd (DI) INTERIM EX-DIVIDEND DATE
3i Infrastructure, B&M European Value Retail S.A. (DI), Castings, DCC, Downing Three VCT F Shs, Downing Three VCT H Shs, Downing Two VCT F Shs , Downing Two VCT G Shs, Great Portland Estates, Helical, Mckay Securities, National Grid, Octopus Apollo VCT, TalkTalk Telecom Group , Ten Entertainment Group , Triple Point Income VCT A, Vedanta Resources, Vodafone Group, Young & Co's Brewery 'A' Shares, Young & Co's Brewery (Non-Voting), Yu Group QUARTERLY PAYMENT DATE
Fair Oaks Income Limited 2014 Shs NPV QUARTERLY EX-DIVIDEND DATE
Blackrock North American Income Trust , BlackRock World Mining Trust, Carnival, HICL Infrastructure Company Ltd, Regional REIT Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (GER) (07:00) FINALS
Mitchells & Butlers, Paragon Banking Group SPECIAL EX-DIVIDEND DATE
Oxford Technology 2 VCT, River and Mercantile Group , Sportech EGMS
Atlantis Japan Growth Fund Ltd. AGMS
CAP-XX Limited, Crystal Amber Fund Ltd., Hotel Chocolat Group , Netcall, Thorpe (F.W.) TRADING ANNOUNCEMENTS
Centrica, Empiric Student Property , Menzies(John), Rotork UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trades Surveys (11:00)
Gross Domestic Product (09:30) FINAL DIVIDEND PAYMENT DATE
AIREA, Jupiter Dividend & Growth Trust, Jupiter Dividend & Growth Trust Common, Jupiter UK Growth Investment Trust, Mulberry Group FINAL EX-DIVIDEND DATE
AB Dynamics, CVS Group, Edinburgh Dragon Trust, Finsbury Food Group, Hotel Chocolat Group , JPMorgan Japanese Inv Trust, London Finance & Investment Group, Northern Venture Trust, River and Mercantile Group , Smart (J) & Co., St Ives, Tiso Blackstar Group SE, Volution Group (WI), World Careers Network
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| | US Market Report | | US close: Wall Street mixed ahead of Thanksgiving holiday Wall Street finished mixed on Wednesday, following the record highs set the day before and amid lighter-than-usual trading volumes ahead of the Thanksgiving holiday on Thursday. The Dow Jones Industrial Average was down 0.27% at 23,526.18 and the S&P 500 fell 0.08% to 2,597.08, while the Nasdaq 100 finished the session 0.12% firmer at 6,386.12. On Tuesday, indices hit record highs as tech stocks rallied, with the likes of Facebook, Netflix and Amazon all in the black. For the most part, Wednesday's batch of economic data releases were in line with market forecasts. The key report on Wednesday was the University of Michigan's final reading on US consumer sentiment for the month of November, which was revised higher from a preliminary reading of 97.8 to 98., against a consensus for 98.2. "In contrast to the media buzz about approaching cyclical peaks and an aging expansion, with the implication of greater uncertainty about future economic trends, consumers have voiced greater certainty about their expectations for income, employment, and inflation," said Richard Curtin, the survey's chief economist. "Overall, the data signal an expected gain of 2.7% in real consumption expenditures in 2018, and more importantly for retailers, the best run-up to the holiday shopping season in a decade,". Elsewhere, the Department of Labor reported a 13,000-person drop in initial jobless claims for the week ending on 18 November to reach 239,000, just below consensus forecasts for 240,000. Durable goods orders fell by a sharp 1.2% month-on-month in October, well ahead of consensus expectations for 0.3%, dragged down by large declines in the oft-volatile orders for civilian and defence aircraft. However, excluding transportation equipment, orders rose by 0.4% on the month, just as expected. On corporate front, Hewlett Packard Enterprise was 7.22% weaker after the company said late on Tuesday that chief executive Meg Whitman was leaving and issued a disappointing first-quarter outlook. Salesforce shares were 1.81% lower - but just off their record highs - after the CRM specialist posted slightly stronger than forecast third quarter sales of $2.68bn but alongside guidance for the following three months that fell short of expectations. Elsewhere, stock in Deere & Company gained 4.32% after the tractor-maker posted a 79% jump in profits for the fourth quarter. Rockwell Automation was also in focus, dropping 1.04% after it rejected an unsolicited buyout bid from Emerson. Dow Jones - Risers Verizon Communications Inc. (VZ) $47.10 1.95%
General Electric Co. (GE) $18.15 1.79%
Apple Inc. (AAPL) $174.96 1.05%
Visa Inc. (V) $110.82 0.79%
Exxon Mobil Corp. (XOM) $81.10 0.68%
Chevron Corp. (CVX) $115.91 0.64%
Merck & Co. Inc. (MRK) $54.37 0.50%
Unitedhealth Group Inc. (UNH) $211.22 0.46%
McDonald's Corp. (MCD) $169.05 0.45%
United Technologies Corp. (UTX) $116.71 0.30% Dow Jones - Fallers Wal-Mart Stores Inc. (WMT) $96.41 -1.10%
Dowdupont Inc. (DWDP) $70.60 -0.93%
Johnson & Johnson (JNJ) $137.31 -0.76%
Microsoft Corp. (MSFT) $83.11 -0.73%
Boeing Co. (BA) $265.15 -0.69%
Goldman Sachs Group Inc. (GS) $236.43 -0.67%
Intel Corp. (INTC) $44.65 -0.65%
American Express Co. (AXP) $93.83 -0.62%
Cisco Systems Inc. (CSCO) $36.45 -0.55%
Home Depot Inc. (HD) $172.07 -0.46% S&P 500 - Risers Frontier Communications Co. (FTR) $7.90 11.58%
Cerner Corp. (CERN) $70.03 5.02%
Medtronic Plc (MDT) $82.34 4.36%
Deere & Co. (DE) $145.25 4.32%
TripAdvisor Inc. (TRIP) $34.19 4.21%
Chesapeake Energy Corp. (CHK) $3.97 4.20%
Bed Bath & Beyond Inc. (BBBY) $21.06 3.90%
Universal Health Services Inc. (UHS) $100.59 3.83%
GameStop Corp. (GME) $17.37 3.83%
Mosaic Company (MOS) $23.89 3.71% S&P 500 - Fallers Signet Jewelers Ltd (SIG) $53.00 -30.12%
Spectra Energy Corp. (SE) $13.83 -10.72%
Hewlett Packard Enterprise (HPE) $13.10 -7.22%
HP Inc (HPQ) $21.34 -4.99%
Under Armour Inc. Class A (UAA) $13.09 -2.60%
Tapestry Inc. (TPR) $41.02 -2.50%
Viacom Inc. Class B (VIAB) $26.68 -2.13%
Mallinckrodt Plc Ordinary Shares (MNK) $21.38 -1.97%
Applied Materials Inc. (AMAT) $57.68 -1.90%
Regions Financial Corp. (RF) $15.56 -1.89% Nasdaq 100 - Risers Cerner Corp. (CERN) $70.03 5.02%
Shire Plc Ads (SHPG) $149.78 3.42%
Discovery Communications Inc. Class C (DISCK) $16.72 3.15%
Discovery Communications Inc. Class A (DISCA) $17.79 3.13%
Henry Schein Inc. (HSIC) $69.95 2.91%
Baidu Inc. (BIDU) $249.65 2.19%
QUALCOMM Inc. (QCOM) $68.13 2.19%
Expedia Inc. (EXPE) $126.98 1.68%
CSX Corp. (CSX) $51.01 1.57%
Illumina Inc. (ILMN) $215.35 1.56% Nasdaq 100 - Fallers Viacom Inc. Class B (VIAB) $26.68 -2.13%
Applied Materials Inc. (AMAT) $57.68 -1.90%
Lam Research Corp. (LRCX) $215.17 -1.71%
Analog Devices Inc. (ADI) $88.65 -1.71%
Tesla Inc (TSLA) $312.60 -1.64%
Microchip Technology Inc. (MCHP) $90.40 -1.60%
Skyworks Solutions Inc. (SWKS) $108.54 -1.55%
Vodafone Group Plc ADS (VOD) $30.40 -1.49%
Xilinx Inc. (XLNX) $72.24 -1.32% |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Car production, broadband providers, Monarch Car production increased last month as rising exports made up for falling demand in the UK, new figures reveal. Just over 157,000 cars rolled off production lines in October, 3.5% more than the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). – Guardian Broadband providers will only be allowed to advertise the average speed of their service rather than a top speed only available to a handful of households after a dramatic shake-up of the rules by the advertising regulator. The crackdown on misleading claims means companies can only advertise download speeds that are available to at least 50% of customers at peak time. At present broadband providers can promote an "up to" speed that is available to at least 10% of customers. ?" Guardian Furniture retailer Multiyork has collapsed into administration, putting almost 550 UK jobs at risk. Administrators Duff & Phelps, which also handled BHS's insolvency, has begun the search for a buyer, though declined to comment on whether they were also considering selling off parts of the business. ?" Telegraph Employment levels in the UK have beaten the expectations of the Office for Budget Responsibility, with important implications for the state of the country's public finances. The OBR has reduced its forecast for unemployment over the next five years, after finding that it was better than it had projected in March, at 4.3pc ?" representing the lowest rate since 1975. ?" Telegraph The former owner of the failed holiday company Monarch Airlines is about to receive a £60 million windfall after the Court of Appeal ruled that administrators have the right to sell its airport take-off and landing slots. The ruling could allow former owner Greybull Capital to release cash from the failed business to help with the £60 million bill for repatriating tens of thousands of Monarch passengers after the company ceased trading in October. ?" The Times Britain's mobile phone carriers are in line for a refund from the Treasury, potentially worth more than £100 million, after a court upheld an appeal against a steep rise in the fees they are charged to use the available airwaves. The Court of Appeal ruling yesterday follows complaints, led by EE, part of BT, about an increase introduced by Ofcom, the industry watchdog, in 2015 in the amount that it, and its competitors Three, O2and Vodafone, must pay in annual licence fees for renting mobile phone spectrum. ?" The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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