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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 red as pound gains; OPEC meeting in focus London stocks fell in early trade on Thursday, weighed down by a stronger pound as investors looked to the OPEC meeting in Vienna later in the day. At 0830 GMT, the FTSE 100 was down 0.4% to 7,364.30, while the pound was up 0.3% against the euro and the dollar at 1.1353 and 1.3455, respectively, Cable's highest level since late September. However, the FTSE 250 mid-cap index, which is less exposed to the pound's whims, was also in the red. The pattern for the bluechip benchmark was continuing from the previous session, said Spreadex analyst Connor Campbell, with the FTSE struggling under the weight of sterling's rise. "Despite the reported £50bn Brexit divorce bill breakthrough being just one part of a trio of issues preventing the UK and EU from unlocking trade talks - the others are the Irish border and citizens' rights - the pound has continued to cheer the signs of progress this Thursday." As far the OPEC meeting is concerned, investors are expecting oil ministers to extend the output freeze by another nine months until the end of 2018. Brexit will remain in focus after Prime Minister Theresa May insisted the UK is still negotiating with the EU over a divorce payout, following reports of a divorce bill of up to £50bn. May has until Monday to make a fresh offer on key divorce issues if the UK is to move ahead to the next step in Brexit talks. Investors were also digesting the latest survey from Nationwide, which showed annual UK house price growth was stable in November. House prices grew by 2.5% this month, unchanged from November last year and missing expectations for a 2.7% increase. On the month, prices were 0.1% higher, down from a 0.2% rise in October and below expectations for it to remain unchanged. Meanwhile, the latest survey from GfK showed UK consumer confidence ebbed more than expected this month. GfK's consumer confidence index fell to -12, the same level as the month after the Brexit vote, down from -10 the month before and slightly worse than the City forecasts of -11. In corporate news, GlaxoSmithKline fell as it announced that ViiV Healthcare, the global specialist HIV company it majority owns with Pfizer and Shionogi as shareholders, has confirmed the start of HPTN 084 - a phase III study to evaluate long-acting cabotegravir for the prevention of HIV infection in sexually active women. TP ICAP was on the back foot as it announced it has acquired independent agency broker Coex Partners for an initial payment of £7.1m, with performance-related payments possible at various dates over the next four years. Pub operator Greene King fell sharply after reporting an 8% drop in interim underlying pre-tax profit. Residential landlord Grainger declined even as it posted a 2% increase in full-year pre-tax profit, while Babcock International slumped as Goldman Sachs removed the stock from its Conviction Buy list. Oil services group Lamprell gushed lower after warning that earnings for 2017 are likely to be "materially below" current market expectations as its East Anglia offshore windfarm project is expected to make a "significant" loss. Bellway, Telecom Plus, Johnson Matthey, IAG and Land Securities were all weaker as their stock went ex-dividend. Going the other way, life insurer Aviva rallied as it upped its long-term earnings and dividend guidance and said it has £3bn of excess cash that will be used to pay down £0.9bn debt next year, as well as making bolt-on acquisitions and funding shareholder returns. BAE Systems was in the black after agreeing to pay more into its pension schemes to deal with a £2.1bn deficit by the year 2026.The defence company said it would increase payments into the schemes from about £205m a year to £220m from 2018 with payments rising in line with group dividends. Pub operator Marston's surged after it posted a 10% jump in full-year revenue and a 3% rise in pre-tax profit. Go-Ahead rose after the rail operator maintained its full-year expectations as it said revenues from its train services have risen in recent months.
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| | Market Movers FTSE 100 (UKX) 7,364.30 -0.40%
FTSE 250 (MCX) 19,969.01 -0.45%
techMARK (TASX) 3,440.62 -0.64% FTSE 100 - Risers BAE Systems (BA.) 561.00p 3.12%
Aviva (AV.) 523.50p 2.85%
Mediclinic International (MDC) 552.50p 2.31%
Imperial Brands (IMB) 3,072.00p 0.85%
British American Tobacco (BATS) 4,842.00p 0.83%
Unilever (ULVR) 4,249.50p 0.79%
SSE (SSE) 1,371.00p 0.66%
Diageo (DGE) 2,605.00p 0.44%
Anglo American (AAL) 1,378.91p 0.21%
National Grid (NG.) 881.60p 0.18% FTSE 100 - Fallers Babcock International Group (BAB) 683.25p -2.18%
NMC Health (NMC) 2,838.00p -1.80%
Johnson Matthey (JMAT) 3,006.00p -1.73%
Micro Focus International (MCRO) 2,454.90p -1.73%
International Consolidated Airlines Group SA (CDI) (IAG) 600.50p -1.56%
Convatec Group (CTEC) 188.20p -1.52%
Next (NXT) 4,437.00p -1.47%
Berkeley Group Holdings (The) (BKG) 3,786.00p -1.46%
Land Securities Group (LAND) 916.50p -1.45%
Shire Plc (SHP) 3,664.50p -1.40% FTSE 250 - Risers Marston's (MARS) 115.20p 9.92%
Stagecoach Group (SGC) 187.00p 3.43%
P2P Global Investments (P2P) 793.00p 3.26%
Cineworld Group (CINE) 570.50p 2.42%
RPC Group (RPC) 914.50p 2.24%
888 Holdings (888) 264.70p 2.00%
Fidessa Group (FDSA) 2,496.00p 1.79%
Go-Ahead Group (GOG) 1,628.00p 1.75%
Vectura Group (VEC) 95.35p 1.44%
UDG Healthcare Public Limited Company (UDG) 836.00p 1.39% FTSE 250 - Fallers Greene King (GNK) 510.00p -5.56%
Redefine International (RDI) 35.61p -4.17%
Euromoney Institutional Investor (ERM) 1,137.00p -3.23%
Genus (GNS) 2,306.00p -2.66%
Vedanta Resources (VED) 704.50p -2.49%
Bellway (BWY) 3,464.00p -2.48%
TalkTalk Telecom Group (TALK) 141.82p -2.39%
Sophos Group (SOPH) 590.00p -2.24%
Telecom Plus (TEP) 1,182.00p -2.23% |
| | UK Event Calendar | | Thursday November 30 INTERIMS
Greene King, OPG Power Ventures, PayPoint, Torotrak INTERIM DIVIDEND PAYMENT DATE
BAE Systems, Bloomsbury Publishing, British American Inv Trust, Capita, Centrica, RTC Group, Senior, Strix Group , William Hill INTERIM EX-DIVIDEND DATE
Bilby, Caledonia Investments, CMC Markets, CML Microsystems, Creightons, Cropper (James), Dunedin Enterprise Investment Trust, Electrocomponents, Establishment Inv Trust, Funding Circle SME Income Fund C Shs NPV, Headlam Group, Hill & Smith Holdings, International Consolidated Airlines Group SA (CDI), JD Sports Fashion, Johnson Matthey, Liontrust Asset Management, LXI Reit , Majestic Wine, Martin Currie Asia Unconstrained Trust , NB Distressed Debt Investment Fund Limited, NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord, Norcros, Octagonal, Record, Renewi , Severn Trent, Tarsus Group, Tate & Lyle, Telecom Plus, TR Property Inv Trust, Triad Group, VP QUARTERLY PAYMENT DATE
City of London Inv Trust, Civitas Social Housing , Custodian Reit , F&C Commercial Property Trust Ltd., Impact Healthcare Reit , Picton Property Income Ltd QUARTERLY EX-DIVIDEND DATE
Albion Technology & General VCT, Alpha Real Trust Ltd., Land Securities Group, RM Secured Direct Lending, Volta Finance Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
Continuing Claims (US) (13:30)
Import Price Index (GER) (06:00)
Initial Jobless Claims (US) (13:30)
Personal Consumption Expenditures (US) (13:30)
Personal Income (US) (13:30)
Personal Spending (US) (13:30)
Retail Sales (GER) (07:00)
Unemployment Rate (EU) (10:00)
Unemployment Rate (GER) (09:00) FINALS
Daily Mail and General Trust A (Non.V), Grainger, Marston's, On The Beach Group , Premier Asset Management Group SPECIAL DIVIDEND PAYMENT DATE
Diverse Income Trust (The), TR European Growth Trust SPECIAL EX-DIVIDEND DATE
Keystone Inv Trust AGMS
Agriterra LD, ASOS, Baillie Gifford Japan Trust, CVS Group, Dukemount Capital, European Metals Holding Limited (DI), Feedback, Ferrum Crescent Ltd NPV (DI), Greatland Gold, JPEL Private Equity USD Equity Shares , JPMorgan Global Convertibles Income Fund Ltd, Revolution Bars Group TRADING ANNOUNCEMENTS
Go-Ahead Group FINAL DIVIDEND PAYMENT DATE
Diverse Income Trust (The), New Star Investment Trust, Thorpe (F.W.), TR European Growth Trust, Wetherspoon (J.D.) FINAL EX-DIVIDEND DATE
Aviva 8 3/4% Cumulative Irrd Preference 1, Bellway, Brunner Investment 5% Prf, Diploma, Downing Three VCT D Share , Downing Three VCT E Share, Euromoney Institutional Investor, GBGI Limited, General Accident 'A', Keystone Inv Trust, Lok'n Store Group, Origin Enterprises, YouGov
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 173,771,685,564 | 10,117.62 | +2.38% |  | | 2 |  | Ethereum (ETH) | 43,575,255,017 | 447.74 | -4.19% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 23,746,802,964 | 1,416.39 | -7.35% |  | | 4 |  | Ripple (XRP) | 9,653,863,705 | 0.242403 | -13.41% |  | | 5 |  | DigitalCash (DASH) | 6,346,515,912 | 808.59 | +31.55% |  | See our full list of cryptocurrencies |
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| | US Market Report | | US close: Markets mixed as Dow stays shy of 24,000 Wall Street finished the midweek session on a mixed note, with the Dow spending much of the session edging towards, but not quite reaching, the 24,000 mark. The Dow Jones Industrial Average finished ahead 0.44% at 23,940.68, while the S&P 500 fell 0.04% to 2,626.07 and the Nasdaq 100 softened 1.73% to 6,311.38. During the previous session, all the main indices notched all-time closing highs after the Senate budget committee approved the chamber's proposed tax reform plans, bringing it closer to a floor vote. "The major theme right now is nothing other than the tax reform bill and President Trump's efforts to pass it through the Senate," said Konstantinos Anthis at ADS Securities. "Progress has been slow but yesterday the Budget committee voted to send the bill to the floor for a vote probably this Thursday and the stakes are high on whether it will be approved. "Should the Senate approve the bill it will be considered a major victory for President Trump and even though it's not the same piece of legislation Trump initially promised it should be received in a positive manner by dollar traders." Meanwhile, Wednesday's spate of economic indicators was upbeat, with the Department of Commerce marking up its reading for third quarter GDP to 3.3% after revisiting its preliminary estimate of 3.0%. The National Association of Realtors reported a 3.5% surge in its pending home sales index for October, well ahead of consensus expectations for a 1.1% improvement. On the corporate front, shares in software company Autodesk tumbled 15.86% after it announced a restructuring plan alongside its fiscal third quarter earnings involving a 13% reduction in its headcount. The company's stock had hit a 52-week high on Tuesday. Elsewhere, Regal Entertainment was in the black by 2.59% after UK cinema chain Cineworld confirmed it is in talks to make a $3.07bn offer for the US group. Shares of Tiffany & Co were on the back foot, losing 1.59% after the luxury jeweller posted a slightly smaller than forecast 1% rise in same store sales for the latest three-month stretch. Marvell Technology finished 4.56% lower despite delivering better-than-expected quarterly numbers overnight. Elsewhere, ReTo Eco-Solutions priced its initial public offering at $5 a share, and finished the session at $10.57 having rocketed 111.40%. Wal-Mart Stores got a 0.8% boost as analysts at RBC lifted their target on the discount retailer's stock from $92 to $96. Dow Jones - Risers Unitedhealth Group Inc. (UNH) $222.93 4.96%
Verizon Communications Inc. (VZ) $49.90 4.70%
Travelers Company Inc. (TRV) $134.53 3.10%
JP Morgan Chase & Co. (JPM) $103.73 2.34%
Walt Disney Co. (DIS) $105.24 1.77%
Exxon Mobil Corp. (XOM) $82.26 1.42%
American Express Co. (AXP) $96.60 1.39%
Nike Inc. (NKE) $60.36 1.22%
Pfizer Inc. (PFE) $36.21 1.00%
3M Co. (MMM) $237.99 1.00% Dow Jones - Fallers Visa Inc. (V) $109.85 -2.25%
Apple Inc. (AAPL) $169.48 -2.07%
Microsoft Corp. (MSFT) $83.34 -1.81%
Intel Corp. (INTC) $43.95 -1.74%
Coca-Cola Co. (KO) $45.49 -0.74%
Caterpillar Inc. (CAT) $138.06 -0.67%
Cisco Systems Inc. (CSCO) $37.48 -0.66%
McDonald's Corp. (MCD) $170.44 -0.53%
Johnson & Johnson (JNJ) $139.80 -0.16%
Procter & Gamble Co. (PG) $89.38 -0.02% S&P 500 - Risers Target Corp. (TGT) $61.67 8.92%
Macy's Inc. (M) $24.00 8.25%
Advance Auto Parts (AAP) $99.88 7.66%
Nordstrom Inc. (JWN) $45.78 7.29%
Under Armour Inc. Class A (UAA) $13.60 7.26%
SunTrust Banks Inc. (STI) $61.31 6.92%
Universal Health Services Inc. (UHS) $107.47 6.68%
CenturyLink Inc. (CTL) $14.54 6.21%
Frontier Communications Co. (FTR) $8.41 6.05%
US Bancorp (USB) $54.76 5.88% S&P 500 - Fallers Autodesk Inc. (ADSK) $109.34 -15.86%
Spectra Energy Corp. (SE) $10.99 -13.26%
Micron Technology Inc. (MU) $43.74 -8.74%
Lam Research Corp. (LRCX) $194.64 -8.68%
Applied Materials Inc. (AMAT) $52.91 -7.71%
Nvidia Corp. (NVDA) $196.42 -6.78%
Western Digital Corp. (WDC) $81.00 -6.78%
KLA-Tencor Corp. (KLAC) $100.35 -6.35%
Activision Blizzard Inc. (ATVI) $62.01 -6.00%
Paypal Holdings Inc (PYPL) $73.25 -5.84% Nasdaq 100 - Risers Liberty Global plc Series A (LBTYA) $32.28 7.17%
Liberty Global plc Series C (LBTYK) $31.27 7.16%
Discovery Communications Inc. Class C (DISCK) $17.78 5.39%
Viacom Inc. Class B (VIAB) $28.42 5.14%
Discovery Communications Inc. Class A (DISCA) $18.87 5.01%
Hologic Inc. (HOLX) $42.27 4.50%
CSX Corp. (CSX) $54.44 4.43%
Ross Stores Inc. (ROST) $75.95 4.31%
Twenty-First Century Fox Inc Class A (FOXA) $32.10 4.02%
Twenty-First Century Fox Inc Class B (FOX) $31.30 3.75% Nasdaq 100 - Fallers Autodesk Inc. (ADSK) $109.34 -15.86%
Micron Technology Inc. (MU) $43.74 -8.74%
Lam Research Corp. (LRCX) $194.64 -8.68%
Applied Materials Inc. (AMAT) $52.91 -7.71%
Nvidia Corp. (NVDA) $196.42 -6.78%
Western Digital Corp. (WDC) $81.00 -6.78%
KLA-Tencor Corp. (KLAC) $100.35 -6.35%
Activision Blizzard Inc. (ATVI) $62.01 -6.00%
Paypal Holdings Inc (PYPL) $73.25 -5.84% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: LSE, Brexit developments, Barclays, iPhones A vote to oust Donald Brydon, chairman of the London Stock Exchange Group, hung in the balance last night after the rebel hedge fund chief calling for his head declined to back down in the face of an ultimatum from the company. In a day of high drama for the embattled operator of the stock exchange, Xavier Rolet, the chief executive, said he was quitting immediately and would not return under any circumstance. Mr Brydon agreed to leave, too, but only by April 2019. - The Times BREXIT CORNER EU leaders are preparing to offer a two-year Brexit transition deal as early as January after negotiators said that they were close to a breakthrough over the Northern Ireland border. British officials tabled proposals this week to avoid a "hard border" in Ireland that could unblock the last remaining major obstacle to a deal. - The Times UK and EU negotiators are increasingly optimistic that sufficient agreement on the future of the Irish border can be reached in the coming days to progress Brexit talks to the next stage. Sources indicate the ground has now been laid for political agreement on the question of the border between Northern Ireland and Ireland after Brexit, which would allow both sides to start discussing the UK's future trading relationship with the bloc. - Guardian Theresa May has been put on notice by hardline Conservative Eurosceptics that they could be prepared to vote against her final Brexit deal if the UK continues to pay the £50bn divorce bill for years to come or does not get good trade terms. A group of Tory MPs are unhappy about the scale of the proposed sum and believe leaving on World Trade Organisation terms would be better, meaning the prime minister might have to rely on Labour support to get parliament's approval for a final deal before March 2019. - Guardian The European court of justice is to be asked if the UK can stop the Brexit process unilaterally in a legal challenge being launched in Scotland by pro-European politicians. A group of four politicians from Labour, the Scottish National party and Scottish Greens wants the European court to rule on whether article 50 can be revoked by the UK on its own if voters or the Commons decide the final Brexit deal is unacceptable. - Guardian Britain can free its banking system from the burden of excessive EU red tape after Brexit ?" and can instead focus on the important rules which keep the financial system safe, Mark Carney, the Bank of England's Governor, indicated yesterday. That could include the bonus cap which the Bank of England has long opposed, as well as rules which force small banks to face the same rules as global institutions. - Telegraph NATIONWIDE BUILDS, BARCLAYS APPOINTS Nationwide Building Society is to directly build about 200 "fair price" homes for sale and rent for the first time with a scheme in Swindon. But the mutual said it was only tiptoeing into property development and had no plans to become a volume housebuilder. - Guardian Millions of iPhone users could be in line for compensation after the launch of a mass legal claim against Google for illegally harvesting personal data from Apple handsets. The claim group, led by Richard Lloyd, former executive director of the consumer watchdog Which?, aims to secure a settlement of £1 billion or more for the estimated 5.4 million people who are believed to have had information unlawfully collected by the technology giant. - The Times Britain's car manufacturing heartlands have been selected as the site for a new research centre into batteries which it is hoped will revolutionise the automotive sector and make the UK a world leader in the technology. Business Secretary Greg Clark confirmed on Wednesday that Coventry and Warwickshire would be the site of an £80m project to develop batteries for use in the automotive industry. - Telegraph Union bosses have announced a series of strikes over the Christmas period. The Rail, Maritime and Transport (RMT) union said that six one-day stoppages would be staged on the west coast main line over a pay dispute. - The Times Barclays has recruited a clutch of top bosses from across technology, retail and financial services to join the board of its soon to be launched ring-fenced UK bank. The high street lender is thought to be ahead of the pack in setting up a stand-alone retail bank, under new rules designed to protect British consumers and small businesses from riskier investment banking operations. - Telegraph Low-cost airline Wizz Air has secured all the take-off and landing slots at Luton airport which belonged to defunct rival Monarch. The Hungary-based carrier strengthened its position at Luton last month when it formally launched a base there, adding four aircraft to its sole plane at the airport and announcing 30 additional flights each week. - Telegraph The "bad bank", established by the Government to manage the assets of collapsed lenders Northern Rock and Bradford & Bingley, will on Thursday lay out plans to offload £5.5bn of housing loans through an auction. UK Asset Resolution (UKAR) is expected to release details of the upcoming mortgage sales when it publishes results on Thursday morning. - Telegraph Just Eat, the online takeaway company, was on Wednesday night officially promoted into the FTSE 100 list of Britain's blue chip companies, with a valuation of £5.5bn ?" making it worth half a billion pounds more than the UK's second biggest supermarket chain. The UK's love affair with having pizzas, curries and kebabs delivered to their door has spawned a mobile food business with no products and no outlets that is more highly valued than Sainsbury's, which sells 90,000 products through 1,400 stores ?" and also owns the Argos chain. - Guardian Workers who left school or graduated in a recession can expect their pay and job prospects to be damaged for as much as a decade, as a poor start to their working lives has a long, lingering impact even as the economy recovers. New workers in a recession are around 10pc more likely to be unemployed. After 10 years they are still 1pc more likely to be out of work than those who left education in a year of economic growth, the Institute for Fiscal Studies found. - Telegraph Uber lost $1.5bn (£1.1bn) in the third quarter of the year, reversing recent progress that had seen the $70bn tech firm stem the red ink in recent months. The latest financials, disclosed to investors as Uber attempts to secure a major funding round from the Japanese conglomerate SoftBank, will raise doubts about its ability to turn its millions of customers and global presence into profits. - Telegraph | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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