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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 up after record highs on Wall St but Christmas lull setting in London stocks rose in early trade on Tuesday following record highs on Wall Street on the back of optimism over the tax reform bill, although gains were muted as the Christmas lull began to set in. On Monday, the Nasdaq, Dow Jones and S&P 500 all notched record highs again as investors grew increasingly hopeful that the US tax reform bill will be passed in the coming days. CMC Markets analyst Michael Hewson said: "US equity markets continued where they left off last week once again posting new record highs with the Nasdaq pushing above 7,000 for the first time ever, as more and more Republican senators come out and publicly back the US President's tax reform plans, with many expecting a vote on the plans to take place and be passed later today. Asia markets, with the exception of the Nikkei 225 followed on that US enthusiasm, helped on their way by firmer commodity prices, which have boosted the mining sector. "This week's optimism has been fuelled by the fact that two previous critics of the reforms in Marco Rubio and Bob Corker have openly said they will back the plans, after initially saying they were unhappy with some elements of the proposed legislation." In corporate news, Old Mutual rallied after it agreed to sell its single strategy business for £600m in a management buyout led by the division's chief executive Richard Buxton. Petrofac gushed higher after it completed the migration of the Santuario production enhancement contract into an interest in a production sharing contract. Indivior nudged up as it entered into an amendment with various lenders to provide replacement term loan facilities in an aggregate principal amount of around $484m, replacing all of its dollar and euro-denominated term loans outstanding under the existing credit agreement. Acacia Mining advanced after agreeing the sale of a non-core royalty over the Houndé Mine in Burkina Faso for $45m. GoCompare racked up healthy gains as the price comparison website announced that it has agreed to buy MyVoucherCodes from Monitise for £36.5m in cash and said 2017 operating profit is expected to be at the upper end of market expectations. On the downside, UDG Healthcare slipped after it announced the appointment of Nigel Clerkin as its chief financial officer, while BHP Billiton ticked down after saying that it is considering leaving the World Coal Association and the US Chamber of Commerce. Associated British Foods and Saga were both in the red after RBC Capital Markets downgraded its ratings on both stocks to 'sector perform'. There are no major UK data releases due. |
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| | Market Movers FTSE 100 (UKX) 7,554.46 0.23%
FTSE 250 (MCX) 20,309.25 0.27%
techMARK (TASX) 3,496.75 0.23% FTSE 100 - Risers Old Mutual (OML) 220.60p 3.52%
Anglo American (AAL) 1,500.50p 1.35%
Bunzl (BNZL) 2,069.00p 1.17%
Kingfisher (KGF) 337.20p 1.17%
Whitbread (WTB) 3,884.00p 0.86%
easyJet (EZJ) 1,386.00p 0.65%
Compass Group (CPG) 1,551.00p 0.65%
Admiral Group (ADM) 1,922.00p 0.58%
Standard Chartered (STAN) 768.50p 0.56%
British American Tobacco (BATS) 4,987.00p 0.54% FTSE 100 - Fallers Mediclinic International (MDC) 595.00p -2.14%
Associated British Foods (ABF) 2,802.00p -2.10%
Micro Focus International (MCRO) 2,498.00p -1.23%
Mondi (MNDI) 1,843.00p -0.75%
Standard Life Aberdeen (SLA) 423.00p -0.75%
Next (NXT) 4,202.00p -0.66%
Land Securities Group (LAND) 987.50p -0.65%
BHP Billiton (BLT) 1,426.00p -0.56%
3i Group (III) 911.00p -0.44%
Smith (DS) (SMDS) 508.28p -0.43% FTSE 250 - Risers TBC Bank Group (TBCG) 1,650.00p 2.23%
Polypipe Group (PLP) 392.90p 2.16%
Petrofac Ltd. (PFC) 474.60p 1.87%
Caledonia Investments (CLDN) 2,720.90p 1.49%
TalkTalk Telecom Group (TALK) 139.68p 1.22%
Vectura Group (VEC) 107.40p 1.13%
Ted Baker (TED) 2,539.20p 1.12%
Telecom Plus (TEP) 1,194.00p 1.10%
Acacia Mining (ACA) 181.64p 1.08%
Euromoney Institutional Investor (ERM) 1,210.00p 1.00% FTSE 250 - Fallers RDI Reit (RDI) 34.33p -2.36%
Saga (SAGA) 123.50p -1.52%
Grafton Group Units (GFTU) 767.00p -1.48%
Fidessa Group (FDSA) 2,499.00p -1.23%
RHI Magnesita N.V. (DI) (RHIM) 3,958.00p -1.15%
GVC Holdings (GVC) 921.00p -0.91%
Redrow (RDW) 633.00p -0.86%
Metro Bank (MTRO) 3,493.00p -0.85%
Marshalls (MSLH) 435.67p -0.85% |
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 318,529,568,742 | 18,611.15 | -1.2% |  | | 2 |  | Ethereum (ETH) | 83,825,211,205 | 866.14 | +10.48% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 40,272,737,733 | 2,401.55 | +10.37% |  | | 4 |  | Ripple (XRP) | 32,413,972,233 | 0.789312 | +4.81% |  | | 5 |  | Litecoin (LTC) | 19,892,206,939 | 358.2 | +1.67% |  | See our full list of cryptocurrencies |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Markets lower, Dow breaks winning streak Wall Street’s main indices gave up earlier gains to close lower on Thursday, as healthcare, materials and telecoms stocks dragged investor sentiment down late in the session. The Dow Jones Industrial Average finished down 0.31% at 24,508.66, the S&P 500 fell 0.41% to 2,652.01, and the Nasdaq Composite lost 0.3% to settle at 6,856.53. It was also the end of a five-day winning streak for the Dow, which had also closed at record levels for the previous four sessions. On the economic front, retail sales in the US rose 0.8% in November, as Americans splashed the cash and credit during the holiday shopping season. Jobless claims fell 11,000 in the last week, according to fresh data, with the US import prices reading also coming in, at a 0.7% increase for the month of November. Traders were initially buoyed as more details of the Republican tax plan filtered out, although concern on how quickly it could be passed - or if it would even make it to law at all - was still rife. Senator Marco Rubio said he would vote against the current proposals, according to media reports, adding he wanted to see further expansion of the federal child tax credit before reconsidering. "House and Senate budget conferees appear to have finalized some provisions of their legislation, but many elements, including how to pay for some of the latest changes, have not been settled," noted analysts at Oxford Economics. "Passing spending legislation for 2018 may prove to be more contentious than passing tax cuts. "Congress has to pass another stopgap budget measure by December 22, and the stage is being set for a confrontation between the House and Senate." In corporate news, 21st Century Fox was up 6.5% after Walt Disney confirmed it would buy the media conglomerate in a $52.4bn deal. Shares in Disney were ahead 2.8%. Teva Pharmaceuticals rocketed ahead 10% after it revealed fresh restructuring plans, including the axing of 14,000 jobs over the next two years. It was also cancelling 2017 bonuses and suspending dividends, effective immediately. Technology firms were also winners on Thursday, with Google parent Alphabet ahead 0.8% and Amazon.com up 0.9%, while Twitter strode ahead 4.3% by the end of the session. On the down side, Valeant Pharmaceuticals was off 11% after JP Morgan downgraded it to 'underweight' from 'neutral'. Sanderson Farms was 13% lower after the chicken producer issued weaker-than-expected numbers for the fourth quarter. Dow Jones - Risers Nike Inc. (NKE) $64.53 3.80%
Walt Disney Co. (DIS) $110.57 2.75%
Procter & Gamble Co. (PG) $91.03 1.28%
Boeing Co. (BA) $293.93 0.70%
3M Co. (MMM) $238.09 0.64%
McDonald's Corp. (MCD) $173.14 0.53%
Wal-Mart Stores Inc. (WMT) $97.13 0.44%
Coca-Cola Co. (KO) $46.03 0.28%
Exxon Mobil Corp. (XOM) $82.95 0.23%
United Technologies Corp. (UTX) $123.82 0.23% Dow Jones - Fallers JP Morgan Chase & Co. (JPM) $104.66 -2.05%
Merck & Co. Inc. (MRK) $56.04 -1.86%
Verizon Communications Inc. (VZ) $52.34 -1.60%
Caterpillar Inc. (CAT) $146.24 -1.54%
Travelers Company Inc. (TRV) $132.59 -1.32%
Microsoft Corp. (MSFT) $84.69 -0.77%
General Electric Co. (GE) $17.66 -0.68%
Johnson & Johnson (JNJ) $141.72 -0.67%
Cisco Systems Inc. (CSCO) $37.90 -0.66%
American Express Co. (AXP) $97.17 -0.64% S&P 500 - Risers Twenty-First Century Fox Inc Class A (FOXA) $34.88 6.50%
Twenty-First Century Fox Inc Class B (FOX) $34.22 5.81%
Mattel Inc. (MAT) $16.24 4.17%
Tiffany & Co. (TIF) $99.35 4.02%
Nike Inc. (NKE) $64.53 3.80%
Newmont Mining Corp. (NEM) $35.89 3.76%
Tapestry Inc. (TPR) $42.83 3.16%
Delta Airlines Inc. (DAL) $55.25 3.02%
Walt Disney Co. (DIS) $110.57 2.75%
Realty Income Corp. (O) $56.98 2.22% S&P 500 - Fallers Frontier Communications Co. (FTR) $8.69 -14.80%
Spectra Energy Corp. (SE) $11.77 -10.77%
Transocean Ltd. (RIG) $9.51 -6.35%
Tenet Healthcare Corp. (THC) $14.06 -5.70%
Newfield Exploration Co (NFX) $28.65 -5.32%
XL Group Ltd (XL) $35.12 -5.18%
Bed Bath & Beyond Inc. (BBBY) $22.46 -4.67%
Southwestern Energy Co. (SWN) $5.29 -4.51%
Quanta Services Inc. (PWR) $37.42 -4.29%
Mallinckrodt Plc Ordinary Shares (MNK) $23.12 -3.95% Nasdaq 100 - Risers Twenty-First Century Fox Inc Class A (FOXA) $34.88 6.50%
Twenty-First Century Fox Inc Class B (FOX) $34.22 5.81%
Liberty Global plc Series C (LBTYK) $31.43 2.14%
Liberty Global plc Series A (LBTYA) $32.33 1.99%
Texas Instruments Inc (TXN) $100.25 1.41%
Comcast Corp. (CMCSA) $39.12 1.40%
Discovery Communications Inc. Class A (DISCA) $20.04 1.26%
Mylan Inc. (MYL) $40.01 1.21%
Expedia Inc. (EXPE) $119.90 1.14%
Applied Materials Inc. (AMAT) $51.31 1.08% Nasdaq 100 - Fallers Gilead Sciences Inc. (GILD) $74.34 -2.93%
Intuitive Surgical Inc. (ISRG) $360.56 -2.83%
Incyte Corp. (INCY) $95.97 -2.17%
Biogen Inc (BIIB) $323.55 -2.17%
T-Mobile Us, Inc. (TMUS) $62.56 -1.99%
Ross Stores Inc. (ROST) $75.51 -1.90%
Walgreens Boots Alliance, Inc. (WBA) $70.36 -1.90%
Idexx Laboratories Inc. (IDXX) $155.25 -1.86%
Skyworks Solutions Inc. (SWKS) $94.09 -1.85% |
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| | Newspaper Round Up | | Tuesday newspaper round-up: Fat cat pay, Toys R Us, LSE Several of Britain’s best-known companies, including Burberry, Sky and Sports Direct, are included on a list ordered by the prime minister of firms rewarding bosses with “fat cat pay” and representing the “unacceptable face of capitalism”. More than a fifth of Britain’s FTSE listed-firms are included on the “name and shame” register of companies that Theresa May said risk damaging “the social fabric of our country” by paying bosses too much money. - Guardian Toys R Us UK is facing potential collapse this week with the loss of 3,200 jobs as it struggles to win the support of the state-backed Pension Protection Fund (PPF) for a planned restructure. The PPF, the industry-funded, state-backed safety net, demanded that the troubled retailer pump about £9m into the ailing Toys R Us UK pension fund. ?" Guardian Oxford University spin-out Evox Therapeutics has struck a research deal with one of Europe's largest pharmaceutical firms to develop DNA modifying drugs for deadly diseases such as cancer. Privately-owned Evox, founded only last year, has agreed a tie-up with German giant Boehringer Ingelheim, a €15.9bn (£14bn) turnover drug maker based near Frankfurt. ?" Telegraph Kaspersky Lab, the Russian cyber security firm, has filed a lawsuit against the Trump administration over the decision to ban the use of its products in federal systems. In September, the US government gave federal agencies three months to remove Kaspersky's security software, citing concerns over espionage. ?" Telegraph The billionaire hedge fund manager behind a campaign to oust the chairman of the London Stock Exchange is set to skip an investor meeting tomorrow at which his future will be decided. With victory looking increasingly less likely for The Children's Investment fund, Sir Christopher Hohn is not expected to turn up to a central London hotel where shareholders will vote on whether to keep or dump Donald Brydon as the exchange's chairman. ?" The Times Boeing and Bombardier went head-to-head at a heated hearing of the American International Trade Commission, one of the final steps in a trade dispute expected to conclude in February. The world's largest aerospace company has accused Bombardier, its smaller Canadian rival, of accepting illegal government subsidies from Canada and Britain to build its new C-Series jet. ?" The Times |
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