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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 lower as investors wade through corporate news London stocks edged lower in early trade on Thursday as investors waded through a torrent of corporate news ahead of the resumption of Brexit talks. At 0850 GMT, the FTSE 100 was down 0.3% to 7,509.51, as the pound was up 0.2% against the dollar and the euro at 1.3138 and 1.1331, respectively. Market participants were mulling over inflation figures from China, where the consumer price index and producer price index came in at 1.9% and 6.9% respectively in October, versus consensus estimates of 1.8% and 6.6%. Also in focus was the latest housing data from the Royal Institution of Chartered Surveyors, which showed house prices were down in four areas of the country in October, with London, the South East, East Anglia and north-east England all showing declines. Simon Rubinsohn, RICS chief economist, said: "The combination of the increased cost of moving, a lack of fresh stock coming to the market, uncertainly over the political climate and now an interest rate hike appears to be taking its toll on activity in the housing market." Looking ahead to the rest of the day, investors will eye the resumption of Brexit talks. Oanda analyst Craig Erlam said: "I doubt many are optimistic on progress given how previous meetings have gone. Time is fast running out for both sides to agree to move onto transition and trade talks before businesses begin planning for no deal worst case scenario. "This would be particularly problematic for the UK so any sign that we're headed in this direction could be bad for the pound. It will be interesting to see how vulnerable sterling is to these talks over the next couple of days." Meanwhile, there was no shortage of corporate news for investors to sink their teeth into. Shares in luxury fashion house Burberry tanked as new CEO Marco Gobbetti said he wants to take the group's clothes out of US stores where its products sit alongside less desirable goods to enhance their luxury credentials - a move that will hit revenues for two years. Supermarket group Sainsbury's declined as half-year profits dropped 9% and are not expected to turn positive in the full year. Hikma Pharmaceuticals was under the cosh after it cut forecasts for its generics business for the third time this year as it blamed challenging market conditions in the US. Housebuilder Redrow was on the back foot after it said trading in the first 18 weeks of the new financial year was in line with expectations, but noted a slight slowdown in sales in recent weeks. Builders merchants Grafton was down despite reporting a rise in revenue in the 10 months to the end of October, while retailer Supergroup retreated despite posting a gain in revenue for the 26 weeks to 28 October. On the upside, AstraZeneca rallied after saying it now expects full year earnings to be towards the "favourable end" of its previous guidance. Informa, the events and publishing company, was on the front foot as it said underlying revenue was up 3.2% for the first 10 months of the year, while retail property developer Hammerson rose after saying third-quarter total leasing volumes were up 17% on the same quarter last year. Satellite group nmarsat rallied after posting a jump in third-quarter revenues while Auto Trader was up after it reported an increase in revenue and profit for the first half. Market Movers FTSE 100 (UKX) 7,509.51 -0.27%
FTSE 250 (MCX) 20,199.06 -0.50%
techMARK (TASX) 3,502.03 -0.18% FTSE 100 - Risers AstraZeneca (AZN) 5,104.00p 2.20%
Informa (INF) 714.00p 1.64%
Coca-Cola HBC AG (CDI) (CCH) 2,596.00p 1.37%
Old Mutual (OML) 192.90p 0.89%
Hammerson (HMSO) 526.00p 0.86%
RSA Insurance Group (RSA) 612.50p 0.82%
Vodafone Group (VOD) 217.60p 0.79%
HSBC Holdings (HSBA) 743.00p 0.66%
GKN (GKN) 328.50p 0.61%
Prudential (PRU) 1,847.00p 0.57% FTSE 100 - Fallers Burberry Group (BRBY) 1,797.00p -9.47%
Persimmon (PSN) 2,689.00p -2.99%
Taylor Wimpey (TW.) 192.40p -2.53%
Barratt Developments (BDEV) 619.00p -2.52%
Sainsbury (J) (SBRY) 228.20p -2.27%
NMC Health (NMC) 2,996.00p -2.06%
ITV (ITV) 158.10p -2.04%
Marks & Spencer Group (MKS) 326.40p -2.01%
Randgold Resources Ltd. (RRS) 6,890.00p -1.64%
Glencore (GLEN) 366.25p -1.33% FTSE 250 - Risers Dixons Carphone (DC.) 156.90p 2.89%
Inmarsat (ISAT) 576.00p 2.86%
Wizz Air Holdings (WIZZ) 3,110.00p 2.84%
Auto Trader Group (AUTO) 360.70p 2.38%
3i Infrastructure (3IN) 198.60p 1.22%
Riverstone Energy Limited (RSE) 1,335.00p 1.06%
Stobart Group Ltd. (STOB) 287.90p 1.05%
Indivior (INDV) 388.40p 0.91%
CYBG (CYBG) 314.40p 0.90%
Euromoney Institutional Investor (ERM) 1,141.00p 0.88% FTSE 250 - Fallers Card Factory (CARD) 284.70p -7.35%
Vectura Group (VEC) 89.40p -7.31%
Hikma Pharmaceuticals (HIK) 969.50p -6.87%
Redrow (RDW) 608.50p -5.14%
Go-Ahead Group (GOG) 1,704.00p -4.75%
Grafton Group Units (GFTU) 788.50p -4.19%
Bellway (BWY) 3,496.00p -3.66%
Big Yellow Group (BYG) 753.50p -3.40%
Crest Nicholson Holdings (CRST) 527.50p -3.21% |
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| | UK Event Calendar | | Thursday November 09 INTERIMS
Burberry Group, Dairy Crest Group, Halfords Group, National Grid, Prime People, Renewi , Sainsbury (J), Wincanton INTERIM DIVIDEND PAYMENT DATE
Cenkos Securities, International Public Partnerships Ltd., Ladbrokes Coral Group, Scisys INTERIM EX-DIVIDEND DATE
BlackRock Smaller Companies Trust, British American Inv Trust, Card Factory, Hargreave Hale AIM VCT 2, Panther Securities, RTC Group, Strix Group , System1 Group, Triple Point VCT 2011, Whitbread QUARTERLY EX-DIVIDEND DATE
BP, Civitas Social Housing , F&C Commercial Property Trust Ltd., Fair Oaks Income Limited 2014 Shs NPV, GlaxoSmithKline, IBM Corp. INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (GER) (07:00)
Continuing Claims (US) (12:30)
Import and Export Price Indexes (US) (07:00)
Initial Jobless Claims (US) (12:30)
Wholesales Inventories (US) (15:00) Q3
Aldermore Group, Arrow Global Group, AstraZeneca, Coca-Cola HBC AG (CDI), Inmarsat GMS
Jersey Oil And Gas FINALS
Gattaca IMSS
IMI SPECIAL EX-DIVIDEND DATE
Card Factory, Manchester & London Investment Trust AGMS
Eagle Eye Solutions Group, Primorus Investments, Redrow, Swallowfield, Urals Energy Public Co Ltd. (DI) TRADING ANNOUNCEMENTS
Beazley, Coca-Cola HBC AG (CDI), Derwent London, Informa UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30) FINAL EX-DIVIDEND DATE
Clinigen Group, Craneware, Foresight Solar & Infrastructure VCT, Foresight Solar & Infrastructure VCT 'C', Genesis Emerging Markets Fund Ltd Ptg NPV, Go-Ahead Group, JPMorgan Smaller Companies Inv Trust, Manchester & London Investment Trust, OPG Power Ventures, Revolution Bars Group
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| | US Market Report | | US close: Wall Street slightly higher on relatively quiet day Wall Street finished slightly higher on Wednesday - a light day in terms of economic data. The Dow Jones Industrial Average eked out gains of 0.03% to 23,563.36, the S&P 500 was up 0.14% at 2,594.38, and the Nasdaq 100 ended the session 0.4% firmer at 6,345.81. "There are ongoing worries that Donald Trump's tax proposals could be held up," noted David Madden at CMC Markets earlier. "The prospect of a pro-business tax regime has been a factor in the bullish run that US stocks have been enjoying lately, and the talk of a delay has taken some heat out of the market." In corporate news, Snapchat parent Snap plunged 14.62% on the back of disappointing results late on Tuesday, despite reports that Chinese internet company Tencent had taken a 10% stake in the firm. Health insurer Humana was also moving lower, finishing down 5.04% a day after it lifted its adjusted earnings guidance for 2017 and announced plans to cut around 6% of its workforce. Going the other way, Take Two Interactive Software rocketed ahead 10.58% after the video games distributor's second-quarter revenue beat estimates and it lifted its full-year forecast for adjusted revenues. Shares in biotechnology group Regeneron settled 2.67% higher after it posted a better-than-expected quarterly profit earlier on Wednesday. Stock in LendingClub was off 15.93% after the company said it expected to report a fourth-quarter loss, while Fossil Group shares plunged 17.23% in the wake of its third-quarter earnings on Tuesday. Market Movers FTSE 100 (UKX) 7,529.72 0.22%
FTSE 250 (MCX) 20,300.22 -0.03%
techMARK (TASX) 3,508.31 -0.35% FTSE 100 - Risers CRH (CRH) 2,761.00p 2.34%
Mondi (MNDI) 1,845.00p 2.33%
Centrica (CNA) 172.50p 2.13%
Mediclinic International (MDC) 606.50p 2.10%
Imperial Brands (IMB) 3,162.50p 2.02%
ITV (ITV) 161.40p 1.96%
Paddy Power Betfair (PPB) 8,500.00p 1.74%
Marks & Spencer Group (MKS) 333.10p 1.62%
Fresnillo (FRES) 1,310.00p 1.55%
Standard Chartered (STAN) 734.00p 1.54% FTSE 100 - Fallers NMC Health (NMC) 3,056.00p -4.38%
Persimmon (PSN) 2,772.00p -3.55%
Associated British Foods (ABF) 3,105.00p -3.51%
easyJet (EZJ) 1,262.00p -3.30%
Barratt Developments (BDEV) 636.00p -2.53%
G4S (GFS) 260.50p -2.25%
Shire Plc (SHP) 3,613.00p -2.22%
Taylor Wimpey (TW.) 197.50p -1.84%
Rolls-Royce Holdings (RR.) 959.50p -1.69%
BAE Systems (BA.) 570.00p -1.55% FTSE 250 - Risers Workspace Group (WKP) 959.50p 5.91%
Kaz Minerals (KAZ) 835.00p 3.66%
Hochschild Mining (HOC) 232.80p 3.56%
OneSavings Bank (OSB) 409.10p 2.92%
Auto Trader Group (AUTO) 352.30p 2.86%
Millennium & Copthorne Hotels (MLC) 625.50p 2.54%
Go-Ahead Group (GOG) 1,787.00p 2.52%
Intu Properties (INTU) 214.00p 2.49%
Morgan Advanced Materials (MGAM) 325.50p 2.16%
Pets at Home Group (PETS) 187.50p 2.12% FTSE 250 - Fallers Wizz Air Holdings (WIZZ) 3,024.00p -9.33%
Sanne Group (SNN) 743.50p -3.13%
Rank Group (RNK) 227.50p -3.03%
Vesuvius (VSVS) 574.50p -2.63%
Ocado Group (OCDO) 264.00p -2.62%
Dixons Carphone (DC.) 152.50p -2.62%
Coats Group (COA) 85.00p -2.47%
QinetiQ Group (QQ.) 234.10p -2.21%
Cobham (COB) 132.80p -2.21%
Crest Nicholson Holdings (CRST) 545.00p -2.15% S&P 500 - Risers Macerich Co (MAC) $58.85 8.58%
Tenet Healthcare Corp. (THC) $13.62 7.67%
Activision Blizzard Inc. (ATVI) $64.55 5.89%
H&R Block Inc. (HRB) $25.25 5.12%
Coca-Cola European Partners Limited (CCE) $39.53 4.33%
TripAdvisor Inc. (TRIP) $31.66 4.32%
Lennar Corp. Class A (LEN) $58.56 4.30%
TEGNA Inc (TGNA) $12.29 4.15%
Diamond Offshore Drilling Inc. (DO) $17.36 3.89%
McKesson Corp. (MCK) $140.35 3.80% S&P 500 - Fallers Mallinckrodt Plc Ordinary Shares (MNK) $19.98 -35.92%
DaVita Inc (DVA) $54.34 -7.84%
Csra Inc. (CSRA) $29.55 -6.84%
Time Warner Inc. (TWX) $88.28 -6.54%
Chesapeake Energy Corp. (CHK) $3.98 -5.02%
Humana Inc. (HUM) $243.37 -5.01%
M&T Bank Corp. (MTB) $161.22 -4.44%
Kohls Corp. (KSS) $40.78 -4.29%
SunTrust Banks Inc. (STI) $57.61 -4.22%
US Bancorp (USB) $52.69 -3.96% Nasdaq 100 - Risers Activision Blizzard Inc. (ATVI) $64.55 5.89%
Regeneron Pharmaceuticals Inc. (REGN) $415.17 2.67%
Align Technology Inc. (ALGN) $252.74 2.55%
Tractor Supply Company (TSCO) $60.64 2.54%
NetEase Inc. Ads (NTES) $314.18 2.48%
Electronic Arts Inc. (EA) $114.15 2.19%
QUALCOMM Inc. (QCOM) $65.49 2.17%
Kraft Heinz Co. (KHC) $79.58 1.79%
Skyworks Solutions Inc. (SWKS) $113.15 1.76%
Adobe Systems Inc. (ADBE) $184.06 1.76% Nasdaq 100 - Fallers Incyte Corp. (INCY) $104.98 -2.92%
Liberty Global plc Series C (LBTYK) $28.83 -2.86%
Dish Network Corp. (DISH) $48.73 -2.68%
Vertex Pharmaceuticals Inc. (VRTX) $147.40 -2.58%
Liberty Global plc Series A (LBTYA) $29.80 -2.42%
Shire Plc Ads (SHPG) $141.31 -2.34%
J.B. Hunt Transport Services Inc. (JBHT) $104.36 -2.15%
Mercadolibre Inc. (MELI) $260.10 -2.08%
Viacom Inc. Class B (VIAB) $24.30 -1.94% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Factory workers, Four Seasons, China steel dumping A shortage of factory workers is starting to push up pay rates but wage rises in the services sector remain rooted at around 2%, according to the latest feedback from the Bank of England’s regional agents. The central bank said its agents, which are based in offices across the country, found that shortages this month across the manufacturing sector were leading to a “slight increase in pay growth” that would take average rate of pay rises up by half a percent, from 2-3% this year to 2.5%-3.5% in 2018. – Guardian Struggling care home provider Four Seasons, which is responsible for 17,000 elderly and vulnerable people, is set to be taken over by a US hedge fund in a complex rescue deal being closely monitored by regulators. Four Seasons has buckled under the pressure of state funding cuts, a shortage of EU nurses since the Brexit vote, higher costs after the introduction of the national living wage and meeting repayments on a debt pile of £525m. " Guardian 21st Century Fox's quarterly revenue topped market estimates on Wednesday as higher advertising sales and revenue from traditional and online distributors boosted its cable business. The company's shares were up nearly 1pc in extended trading. The results come after CNBC reported on Monday that Fox had, in the last few weeks, held talks about selling most of its film and television assets to Walt Disney. The two sides are not currently in discussion, CNBC had reported. - Telegraph Tom Hayes, the former trader serving 11 years in jail for Libor rigging, has won his battle to have a lifetime ban from the finance sector paused while he fights to overturn his conviction. Mr Hayes appeared in court via a video link in September to argue thatthe so-called prohibition order that was imposed by the Financial Conduct Authority (FCA) last December, but only made public on Wednesday, should be put on hold while the Criminal Cases Review Commission (CCRC) review his case. " Telegraph British jobs would be put at risk by government plans not to match the EU's tough stance on dumped imports after Brexit, the steel industry has warned. The government this week outlined its plan for a trade remedies authority, to investigate claims about imports unfairly priced below what they cost to produce. However, an official said that it would not toughen its trade defence measures even if the EU 27 do. " The Times An American bear raider has launched a scathing attack on a biotech company heavily backed by Neil Woodford, claiming that a key treatment is likely to prove a failure. The assault by Kerrisdale Capital, a New York-based short-seller, is made in a damning report on the prospects of Prothena Corporation, a $2 billion-plus company in which Mr Woodford's Patient Capital Trust investment vehicle is the biggest shareholder. " The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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