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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 tick lower as Black Friday kicks off London stocks nudged lower in early trade on what looks to be a fairly quiet end to the week, with traders likely to be distracted by the hunt for some Black Friday deals. At 0830 GMT, the FTSE 100 was down 0.1% to 7,411.03, while the pound was up 0.1% against the euro and the dollar at 1.1239 and 1.3320, respectively. Retailers were in focus as Black Friday sales kicked off. Analyst Clive Black at broker Shore Capital said: "At an underlying level we sense that the event is losing some of its gusto on this side of the Atlantic." However, he said overall activity levels, and so discounts, this calendar year "may be enhanced by somewhat unplanned stock clearance for those British retail businesses that have had a poorer than anticipated October, where secondary data has been on the mellow side, and maybe November too". Next was on the back foot as it took part in Black Friday for the first time - despite CEO Simon Wolfson having previously said it "doesn't make sense to get involved" - while B&Q owner Kingfisher was also in the red, along with Marks & Spencer, which is not taking part in the event. Rio Tinto slipped after it said that it and China's Sinosteel Corporation have agreed to extend their Channar Mining joint venture. The third extension of the joint venture would see an additional 10 million tonnes of iron ore delivered into the venture from Western Australia. Listed residential landlord Grainger nudged lower after announcing the acquisition of a stabilised portfolio of three blocks in Manchester, comprising 192 private rented sector homes, for £26m. Beleaguered doorstep lender Provident Financial retreated as it said that executive chairman Manjit Wolstenholme has died. Malcolm Le May, senior independent director, has been appointed interim executive chairman with immediate effect. William Hill was also on the back foot after confirming it is in "very preliminary" talks with Australia's Crown Resorts about a possible merger of their local online businesses. James Fisher slumped as it reported a rise in revenue for the 10 months to the end of October but warned that the full-year contribution from its offshore oil division will be lower than last year. Whitbread was weaker after AlphaValue cut the stock to 'reduce' and UBM was down after a downgrade to 'hold' by Liberum. Going the other way, Experian was up following an upgrade at Exane BNP Paribas, while Informa and Rotork were boosted by upgrades from Liberum. Still to come on the data front, BBA mortgage approvals are at 0930 GMT. |
| | 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) 7,411.03 -0.08%
FTSE 250 (MCX) 20,001.94 -0.02%
techMARK (TASX) 3,469.20 -0.30% FTSE 100 - Risers Experian (EXPN) 1,572.00p 1.29%
Informa (INF) 761.00p 1.26%
easyJet (EZJ) 1,389.00p 0.94%
Direct Line Insurance Group (DLG) 359.30p 0.81%
Hargreaves Lansdown (HL.) 1,617.00p 0.75%
Diageo (DGE) 2,633.00p 0.69%
Unilever (ULVR) 4,261.00p 0.67%
Reckitt Benckiser Group (RB.) 6,459.00p 0.61%
Sage Group (SGE) 810.00p 0.50%
GKN (GKN) 308.30p 0.49% FTSE 100 - Fallers Mediclinic International (MDC) 516.00p -1.71%
Next (NXT) 4,325.00p -1.37%
Barratt Developments (BDEV) 613.50p -1.21%
Kingfisher (KGF) 317.40p -1.03%
BT Group (BT.A) 246.60p -0.96%
Taylor Wimpey (TW.) 195.20p -0.86%
CRH (CRH) 2,627.00p -0.64%
WPP (WPP) 1,266.00p -0.63%
Whitbread (WTB) 3,580.00p -0.61%
Marks & Spencer Group (MKS) 296.90p -0.60% FTSE 250 - Risers Rank Group (RNK) 248.20p 3.12%
Fidessa Group (FDSA) 2,485.00p 2.22%
Tullow Oil (TLW) 178.10p 2.18%
Millennium & Copthorne Hotels (MLC) 605.00p 2.11%
PZ Cussons (PZC) 327.60p 1.55%
Euromoney Institutional Investor (ERM) 1,150.00p 1.32%
Rotork (ROR) 265.80p 1.26%
Vietnam Enterprise Investments (DI) (VEIL) 431.09p 1.08%
Kaz Minerals (KAZ) 833.50p 0.91%
Diploma (DPLM) 1,199.00p 0.84% FTSE 250 - Fallers Fisher (James) & Sons (FSJ) 1,549.00p -4.50%
UBM (UBM) 727.00p -2.81%
Provident Financial (PFG) 891.50p -1.93%
Renishaw (RSW) 5,460.00p -1.71%
Ultra Electronics Holdings (ULE) 1,213.00p -1.46%
Virgin Money Holdings (UK) (VM.) 277.40p -1.39%
Cairn Energy (CNE) 218.00p -1.22%
Redefine International (RDI) 36.55p -1.16%
Vedanta Resources (VED) 782.50p -1.07% |
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| | UK Event Calendar | | Friday November 24 INTERIMS
Fuller Smith & Turner INTERIM DIVIDEND PAYMENT DATE
Amati Vct 2, Booker Group, CareTech Holding, Just Group, Lookers, Morgan Advanced Materials , Moss Bros Group, Next Fifteen Communications, Prime People, Smart Metering Systems, Tesco, Triple Point VCT 2011, U And I Group QUARTERLY PAYMENT DATE
Blue Capital Alternative Income Fund Ltd (DI), Primary Health Properties, Tetragon Financial Group Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS
IFO Business Climate (GER) (08:00)
IFO Current Assessment (GER) (08:00)
IFO Expectations (GER) (08:00) GMS
K&C Reit FINALS
Future EGMS
Public Joint Stock Company Severstal GDR (Reg S) AGMS
Coal of Africa Ltd., JPMorgan Emerging Markets Inv Trust, Origin Enterprises, Petra Diamonds Ltd.(DI) UK ECONOMIC ANNOUNCEMENTS
Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE
Animalcare Group, Dunelm Group, Foresight Solar & Infrastructure VCT, Foresight Solar & Infrastructure VCT 'C', Go-Ahead Group |
| | The student accommodation market is one of the most lucrative investments available, and developments like X1 The Campus which are on the university campus and located within easy reach of Manchester city centre are proving to be incredibly popular. Luxury apartments are available from £89,95 – enquire today! |
| | 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% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Friday newspaper round-up: Brexit offer, flat pay, insurance, Black Friday Theresa May will tell Donald Tusk on Friday she is prepared to give ground on the Brexit divorce bill as Brussels demands a written guarantee of more money to unlock trade talks. The European Council President will make it clear to the Prime Minister that Britain must give a “no strings attached” promise of paying substantially more than the current £20 billion on offer. - Telegraph Britain's leading financial thinktank has warned workers to expect an unprecedented two lost decades of earnings growth and many more years of austerity as a result of the marked slowdown in the economy announced in Philip Hammond's budget. The Institute for Fiscal Studies said in its traditional post-budget analysis that forecasts slashing productivity, earnings and growth in every year until 2022 made "pretty grim reading", and predicted that even by the middle of the next decade, Britain's public finances would still be in the red. - Guardian Home insurance companies may be overcharging up to 13 million UK households, new research suggests, with older people particularly hard hit. A study conducted by Citizens Advice and published on Friday shows that 40 per cent of people over the age of 65 have had their home insurance policy for over five years, which means they could be paying 70 per cent more than a new customer would for the same policy. - Independent Online marketplaces such as Amazon and eBay will be forced to police their own websites to prevent billions of pounds of VAT fraud, under a renewed government crackdown on the scam. The move represents the second effort in as many years to close down an estimated £1.2bn-a-year tax fraud and follows a Guardian investigation as well as criticism of HM Revenue & Customs for being slow to act. - Guardian Shoppers will splash out more than £2.5bn on Black Friday deals, as the UK continues its affair with the US-inspired discount day. Sales will continue over the weekend with £7.3bn expected to be spent between Friday morning and Monday night according to the Centre for Retail Research and the Vouchercodes website. - Guardian Ministers still do not "grasp" the complexities of leaving the European Union, the British judge on the European Court of Justice has privately warned, questioning the calibre of politicians negotiating Brexit. Ian Forrester, Britain's representative on the European Court of Justice for the past two years, candidly told Irish diplomats that there were "issues around the quality of politicians in Westminster at present". - The Times Unilever has hired headhunters to find a successor to Paul Polman as chief executive of the Anglo-Dutch food to toiletries group. Mr Polman oversaw the expansion of Unilever and a series of acquisitions to broaden its product range but will probably be best remembered for the failed takeover bid of the group this year by Kraft Heinz. - The Times The activist fund attempting to have the chairman of the London Stock Exchange voted off the board at a forthcoming shareholder meeting could bring legal action against the exchange's directors. The Times understands that TCI Fund Management could try to force the exchange to disclose the service contracts of its directors, including any payoff its departing chief executive, Xavier Rolet, may be due. - Times Britain's booming craft beer industry helped delivery firm APC Overnight post a 30pc growth in pre-tax profits to £3m last year. Revenues at APC, which has 112 sites around the UK, crept up 0.8pc to £103m in the year to March 31 as the company moved away from so-called "heavy traffic" like white goods and carpets towards smaller parcels and packets, shipments of which have increased as online shopping has boomed. - Telegraph Harrods will undergo its biggest-ever facelift as the luxury store spends £200million to attract more Chinese customers. In the biggest single investment in its 180-year-history, owners Qatar Holding will redevelop the shop's 330 departments, covering a million square feet of floor space. - Mail The "global titans of technology" are forcing workers into a form of slavery, Britain's trade union chief will tell Catholic and labour movement leaders at the Vatican on Friday. Trade unions and the Catholic church must build "a popular alliance for economic justice", Frances O'Grady, the TUC general secretary, is to say in a speech in Rome. - Guardian Cyclists could be made to wear helmets for the first time in a review of bike safety. A government consultation in the new year will consider whether helmets and high-visibility vests should be mandatory on British roads, the transport minister Jesse Norman said. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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