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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 rise amid US tax reform hopes London stocks rose in early trade on Monday, with sentiment underpinned by US tax reform hopes. At 0840 GMT, the FTSE 100 was up 0.6% to 7,531.54, while the pound was down 0.1% against the euro at 1.1332 and up 0.3% versus the dollar at 1.3355. Spreadex analyst Connor Campbell said: "It might be a bit late, but there were signs of a - tax bill-inspired - Santa rally this morning, with the European indices opening sharply higher. "With Senate and House Republicans coming to an agreement over the weekend, and the prospect of the tax bill being passed later this week - giving Trump his first major victory since taking office in January ?" the markets were in party mode this Monday." On the data front, the CBI industrial trends survey is at 1100 GMT. In corporate news, IG Group slumped as it called new leverage limits being proposed by the European financial regulator "disproportionate" and said the broader set of proposals would have an impact of between 5% and 10% on historic revenues. The European Securities and Markets Authority said it is considering measures to prohibit the marketing, distribution or sale to retail clients of binary options, together with restricting the marketing, distribution or sale to retail clients of CFDs, including rolling spot forex. Shares in CMC Markets and Plus500 also tumbled. Babcock rose as its subsidiary Cavendish Nuclear, the UK's largest nuclear services business, was awarded a 10-year contract to supply Sellafield with specialist handling and containment systems to process nuclear material. AstraZeneca slipped as it announced that the US Food and Drug Administration has accepted a supplemental New Drug Application (sNDA) for the use of Tagrisso (osimertinib) in the first line treatment of patients with metastatic non-small cell lung cancer whose tumours have epidermal growth factor receptor (EGFR) mutations. Supergroup advanced after saying its sportswear label has been appointed as the official clothing supplier to the UK delegation for the 2018 Invictus Games in Sydney, Australia. The retailer is also expecting to complete the buy-out of the operations of its Dutch wholesale agent, Portare, in January for an estimated payment of £2m. 3i Infrastructure gained after agreeing to sell its stake in Anglian Water Group, the parent company of Anglian Water, to a consortium of Dalmore Capital and GLIL Infrastructure. Hunting gushed higher as it said that, as it anticipated in its trading update on 24 October, revenue for the full year was expected to be around the $700m mark, with results strongly weighted to the second half of the year, while EasyJet flew higher after confirming the acquisition of Air Berlin assets. Great Portland Estates lost some ground as it sold its high-profile Southbank tower 240 Blackfriars Road to Emirati investors. |
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| Market Movers FTSE 100 (UKX) 7,531.54 0.55% FTSE 250 (MCX) 20,215.56 0.83% techMARK (TASX) 3,493.91 0.81% FTSE 100 - Risers Mondi (MNDI) 1,862.00p 2.42% Rolls-Royce Holdings (RR.) 846.50p 1.87% 3i Group (III) 908.00p 1.85% Halma (HLMA) 1,274.00p 1.76% Intertek Group (ITRK) 5,130.00p 1.68% CRH (CRH) 2,574.00p 1.66% Ashtead Group (AHT) 1,921.00p 1.43% Smiths Group (SMIN) 1,463.00p 1.32% TUI AG Reg Shs (DI) (TUI) 1,480.00p 1.23% G4S (GFS) 255.10p 1.23% FTSE 100 - Fallers Next (NXT) 4,211.00p -0.82% Mediclinic International (MDC) 604.50p -0.74% Unilever (ULVR) 4,189.00p -0.17% WPP (WPP) 1,388.00p -0.07% BT Group (BT.A) 277.70p 0.05% Worldpay Group (WPG) 435.65p 0.06% Royal Bank of Scotland Group (RBS) 276.50p 0.07% Compass Group (CPG) 1,536.00p 0.13% Morrison (Wm) Supermarkets (MRW) 215.80p 0.14% Sainsbury (J) (SBRY) 236.50p 0.17% FTSE 250 - Risers Renishaw (RSW) 5,120.00p 2.91% Capita (CPI) 415.80p 2.82% Inmarsat (ISAT) 455.60p 2.77% Hunting (HTG) 566.50p 2.72% Caledonia Investments (CLDN) 2,773.00p 2.70% Convatec Group (CTEC) 211.20p 2.62% Mitchells & Butlers (MAB) 266.20p 2.31% 3i Infrastructure (3IN) 207.25p 2.14% Hochschild Mining (HOC) 233.24p 2.12% Entertainment One Limited (ETO) 309.50p 2.11% FTSE 250 - Fallers IG Group Holdings (IGG) 655.74p -10.54% F&C Global Smaller Companies (FCS) 1,359.64p -2.11% TalkTalk Telecom Group (TALK) 140.40p -1.75% Workspace Group (WKP) 950.50p -0.99% Ultra Electronics Holdings (ULE) 1,282.00p -0.93% NB Global Floating Rate Income Fund Ltd GBP (NBLS) 94.75p -0.84% Euromoney Institutional Investor (ERM) 1,224.00p -0.73% Playtech (PTEC) 835.50p -0.65% Syncona Limited NPV (SYNC) 198.30p -0.65% |
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| Cryptocurrencies Report | Top Cryptocurrencies # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | 1 | | Bitcoin (BTC) | 319,650,823,551
| 18,676.87 | -1.78% | | 2 | | Ethereum (ETH) | 69,423,798,717 | 711.91 | -0.63% | | 3 | | Bitcoin Cash / BCC (BCH) | 31,399,131,039 | 1,816.09 | +0.48% | | 4 | | Ripple (XRP) | 29,493,389,364 | 0.732707 | +2.82% | | 5 | | Litecoin (LTC) | 17,236,657,090 | 311.39 | -1.19% | | See our full list of cryptocurrencies |
| Top of the stocks Number of Deals Bought Number of Deals Sold |
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| Newspaper Round Up | Monday newspaper round-up: Defence budgets, trade deal, house prices, LSE Growing global tensions mean defence spending is about to hit its highest level since the Cold War peak of the Eighties. Data from IHS Markit Jane’s defence analysts forecast that arms spending will hit $1.67 trillion in the coming year – overtaking the recent high seen in 2010 of $1.63 trillion. - Telegraph Theresa May will face a Cabinet row over Brexit after the EU warned that there is "no way" that the Prime Minister will be able to strike a bespoke trade deal with Brussels. Michel Barnier, the EU's chief Brexit negotiator, said that Britain must "face the consequences" of Brexit and cannot "cherry pick" and still enjoy the benefits of the Single Market after Brexit. - Telegraph Price cutting by homeowners desperate to shift their property in a slowing market has reached the highest levels in six years, according to an analysis by website Zoopla. Just over 35% of the homes marketed on the site have marked down their price in the hope of achieving a sale, with the biggest discounts in the London property market. - Guardian Investment in commercial property in the City of London is nearing record highs this year, as overseas investors continue to dominate the market. Turnover for 2017 in the Square Mile is anticipated to hit £12.5bn ?" twice the 10-year average of £6.26bn and in line with the previous high of £12.6bn in 2014, according to research from Savills. - Telegraph Banks and building societies face fines and public sanction by the City regulator if they fail to conduct thorough immigration checks on current account holders from January. From the start of 2018, banks will be required to scrutinise the immigration status of their 76 million current account customers against a government database of individuals without leave to remain in the UK. - Guardian The Children's Investment Fund (TCI) is facing defeat in its attempt to unseat the London Stock Exchange's chairman despite a month-long campaign to force change at the top of the 446-year-old exchange. Before a shareholder vote tomorrow at noon, sources said that Donald Brydon was likely to muster enough support to retain his job as chairman of the LSE, the third biggest exchange in the world, despite speculation at the weekend that a second major investor would vote for his removal. - The Times British Steel workers are suffering from bad financial advice which can encourage them to quit their valuable final salary pension schemes in favour of worse arrangements, MPs have warned. Advice is too often "shoddy or just plain crooked", Frank Field, chairman of the influential Commons work and pensions select committee, said in a letter to the Financial Conduct Authority's (FCA) top supervisor Megan Butler, with the FCA's action to help British Steel Pension Scheme members "remains grossly inadequate". - Telegraph Concerns have been raised about Poundland's ability to continue sourcing goods after credit insurers reduced their cover for the retailer. The budget retailer said yesterday that it was well stocked for Christmas and that trading was good after Atradius, one of its credit insurers, reduced its insurance cover. - The Times The government is to allow Britain's £2tn workplace pension schemes to dump their shares in oil, gas and coal companies more easily, empowering them to take investment decisions to fight climate change. Until now, pension schemes have been hamstrung by "fiduciary duties" that effectively require schemes to seek the best returns irrespective of the threat of climate change. Many have rebuffed calls by members for fossil fuel divestment, citing legal obligations. - Guardian Heathrow is planning to build a mini version of Terminal 5 as part of slimmed-down proposals to expand Europe's biggest airport. The airport is considering building a new terminal a few hundred metres west of T5 to handle 25 million passengers a year as part of updated plans for a third runway. - The Times Medicine shortages cost the NHS another £38 million last month, as officials say they are largely powerless to solve a problem that leaves patients struggling to obtain essential drugs. Attempts to force down prices have led pharmacists to warn that they cannot carry on supplying patients with drugs that lose them money. A total of 91 emergency price increases have been approved for November, but pharmacists have said that these are not enough to cover the cost of crucial cancer and anti-psychotic medicines. - The Times |
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