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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 and sterling steady as Christmas slowdown kicks in London stocks were little changed at the open on Wednesday as activity started to wind down ahead of Christmas, although investors will be keeping an eye on developments across the pond where the US tax bill is another step closer to being passed. At 0830 GMT, the FTSE 100 was flat at 7,541.83, while the pound was steady against the euro and the dollar at 1.1307 and 1.3384, respectively. The Republican-led US Senate has approved a tax bill that includes $1.5trn of tax cuts - the biggest tax overhaul in three decades - that will now go back to the House of Representatives for a final vote later in the day. CMC Markets analyst Michael Hewson said: "It now looks increasingly likely that just over a year since being elected that President Trump is likely to have something to show for his first year as President. "The big question now is whether having seen stocks rise in anticipation of legislation being passed, that the current momentum is maintained or we see a case of 'buy the rumour, sell the news' as we head towards the Christmas break." On the macroeconomic calendar, the CBI distributive trades survey is at 1100 GMT. In corporate news, Tesco was a touch higher after its £3.7bn takeover of Booker was given final clearance from the Competition and Markets Authority. Booker was also trading a little higher. William Hill gained after announcing the appointment of Roger Devlin as its chairman-designate with effect from 1 February. London property developer Shaftesbury ticked up a touch after snapping up six buildings on Neal Street near Covent Garden for £24.6m, while Carillion rallied as it said its new chief executive will start 11 weeks earlier than planned. EasyJet flew higher after Panmure Gordon upgraded the stock to 'hold', while paper and packaging group Mondi was boosted by an upgrade to 'buy' at Goldman Sachs and Tullow Oil gushed higher after an upgrade to 'hold' at Jefferies. On the downside, United Arab Emirates-focussed healthcare provider NMC Health fell after it said operations during the second half have continued to perform in line with expectations and that it remains comfortable with the full-year guidance provided for 2017. Drax suffered heavy losses after it cut its full-year core earnings guidance by £10m following an unplanned outage at a rail unloading facility. Micro Focus International slipped after saying that John Schultz had left its board and will be replaced by an independent non-executive director. Bodycote was in the red after saying it has entered into a long-term agreement to provide Doncasters Group with its hot isostatic pressing and heat treatment requirements in the UK. Cairn Energy was hit by a downgrade to 'hold' at Jefferies. |
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| | Market Movers FTSE 100 (UKX) 7,541.83 -0.03%
FTSE 250 (MCX) 20,325.10 -0.08%
techMARK (TASX) 3,500.55 -0.14% FTSE 100 - Risers easyJet (EZJ) 1,440.67p 1.74%
Next (NXT) 4,309.00p 1.68%
Direct Line Insurance Group (DLG) 373.90p 1.27%
Mondi (MNDI) 1,847.00p 1.09%
Pearson (PSON) 727.50p 1.04%
Rio Tinto (RIO) 3,681.00p 1.00%
Old Mutual (OML) 220.40p 0.73%
BHP Billiton (BLT) 1,425.00p 0.71%
Marks & Spencer Group (MKS) 311.10p 0.68%
Anglo American (AAL) 1,474.50p 0.65% FTSE 100 - Fallers Mediclinic International (MDC) 574.00p -0.86%
Barratt Developments (BDEV) 640.50p -0.85%
CRH (CRH) 2,579.00p -0.81%
BT Group (BT.A) 271.64p -0.77%
NMC Health (NMC) 2,832.00p -0.70%
British American Tobacco (BATS) 4,960.00p -0.70%
Johnson Matthey (JMAT) 3,058.00p -0.68%
Ashtead Group (AHT) 1,944.00p -0.61%
Micro Focus International (MCRO) 2,470.00p -0.60%
SSE (SSE) 1,304.00p -0.53% FTSE 250 - Risers Tullow Oil (TLW) 188.00p 3.01%
Rank Group (RNK) 248.20p 2.43%
TI Fluid Systems (TIFS) 244.90p 2.13%
Jardine Lloyd Thompson Group (JLT) 1,378.00p 1.85%
Telecom Plus (TEP) 1,222.00p 1.83%
Caledonia Investments (CLDN) 2,734.74p 1.81%
Daejan Holdings (DJAN) 6,105.00p 1.75%
Sanne Group (SNN) 763.50p 1.53%
TBC Bank Group (TBCG) 1,670.00p 1.52%
Ted Baker (TED) 2,638.00p 1.50% FTSE 250 - Fallers Drax Group (DRX) 254.70p -7.85%
UDG Healthcare Public Limited Company (UDG) 826.00p -2.02%
Acacia Mining (ACA) 175.20p -1.30%
Dechra Pharmaceuticals (DPH) 2,044.00p -1.16%
Mitie Group (MTO) 189.00p -1.10%
Sophos Group (SOPH) 563.00p -1.05%
Alfa Financial Software Holdings (ALFA) 542.50p -1.00%
TalkTalk Telecom Group (TALK) 140.20p -0.99%
JD Sports Fashion (JD.) 334.00p -0.95% |
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 286,657,437,730 | 16,818.15 | -3.96% |  | | 2 |  | Ethereum (ETH) | 78,511,159,723 | 794.47 | -1.97% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 57,733,710,069 | 3,464.58 | +27.75% |  | | 4 |  | Ripple (XRP) | 29,728,923,364 | 0.720486 | -2.95% |  | | 5 |  | Litecoin (LTC) | 18,019,755,624 | 321.87 | -6.36% |  | See our full list of cryptocurrencies |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Markets finish lower as tech stocks decline Wall Street's main market gauges finished lower on Tuesday, led lower by the technology sector as investor confidence on the Republicans' ability to pass tax cut plans this week stagnated. The Dow Jones Industrial Average finished down 0.15% at 24,754.75, the S&P 500 lost 0.32% to 2,681.47, and the Nasdaq 100 was 0.5% softer at 6,480.67. On Monday, the Nasdaq, Dow Jones and S&P 500 all notched record highs again, with the Nasdaq crossing the 7,000 level for the first time in intraday trading as investors bet that the US tax reform bill would be passed this week after critics of the reforms, Marco Rubio and Bob Corker, said they would back the plans. "Tax reform was one of the key initiatives that contributed to Donald Trump's election victory last year as he vowed to revitalise a sluggish US economy," said Craig Erlam, senior market analyst at Oanda. "While it may have taken longer to deliver than he expected, it would appear that Republicans determination to give Americans an early Christmas present has paid off, although there has been numerous debates about who actually stands to benefit most from the bill." On the economic front, the Commerce Department reported that America's current account deficit shrank by 19% over the three months to September, from $124.4bn to $100.6bn. Housing starts jumped by 3.3% month-on-month to reach an annualised pace of 1.297m in November, ahead of consensus expectations for 1.250m, according to the Census Bureau, which was up from a downwardly revised pace of 1.256m for October. New home sales for October had originally been pegged at 1.290m. In corporate news, shares of Navistar International surged 7.47% following the release of its fourth-quarter earnings. Stock in Tenet Healthcare rose 1.9% after the firm said it would boost its cost-cutting programme. Nevertheless, the company's guided towards earnings per share in a range between $1.07 and $1.36 for the full year 2018, which was well below the $1.40 anticipated by analysts. Elsewhere, Kindred Healthcare was off 3.7% after it agreed to be taken over by three companies - Humana, TPG Capital, and Welsh, Carson, Anderson & Stowe - for roughly $4.1bn in cash. Cruise ship operator Carnival was ahead 2.3% on the heels of better-than-expected sales and earnings for its fiscal fourth quarter. Dow Jones - Risers Intel Corp. (INTC) $47.04 1.69%
Wal-Mart Stores Inc. (WMT) $98.80 0.92%
Caterpillar Inc. (CAT) $150.91 0.76%
Walt Disney Co. (DIS) $111.81 0.70%
Home Depot Inc. (HD) $185.99 0.68%
Coca-Cola Co. (KO) $46.13 0.44%
Boeing Co. (BA) $297.17 0.37%
Travelers Company Inc. (TRV) $135.54 0.24%
Chevron Corp. (CVX) $119.82 0.12%
United Technologies Corp. (UTX) $126.78 0.06% Dow Jones - Fallers Goldman Sachs Group Inc. (GS) $256.48 -1.36%
Visa Inc. (V) $112.15 -1.24%
Apple Inc. (AAPL) $174.54 -1.07%
General Electric Co. (GE) $17.59 -0.96%
Nike Inc. (NKE) $64.24 -0.88%
Verizon Communications Inc. (VZ) $52.80 -0.79%
Microsoft Corp. (MSFT) $85.83 -0.64%
Exxon Mobil Corp. (XOM) $82.44 -0.60%
American Express Co. (AXP) $99.17 -0.53%
Pfizer Inc. (PFE) $36.94 -0.51% S&P 500 - Risers Darden Restaurants Inc. (DRI) $96.68 6.79%
Zimmer Biomet Holdings Inc (ZBH) $121.40 6.07%
Alcoa Corporation (AA) $46.52 4.38%
Newfield Exploration Co (NFX) $29.84 3.83%
Marathon Oil Corp. (MRO) $16.02 3.82%
Noble Energy Inc. (NBL) $27.23 3.58%
Centene Corp. (CNC) $100.90 3.07%
Helmerich & Payne Inc. (HP) $59.60 2.78%
TEGNA Inc (TGNA) $14.45 2.41%
CSX Corp. (CSX) $54.85 2.35% S&P 500 - Fallers Frontier Communications Co. (FTR) $7.44 -9.27%
PPL Corp. (PPL) $32.42 -4.56%
Welltower Inc (HCN) $64.48 -4.25%
Ventas Inc. (VTR) $61.82 -3.98%
ProLogis (PLD) $63.38 -3.77%
HCP Inc. (HCP) $26.10 -3.26%
Signet Jewelers Ltd (SIG) $53.26 -3.04%
Allegion (ALLE) $80.07 -3.02%
Advance Auto Parts (AAP) $99.73 -2.90%
Kimco Realty Corp. (KIM) $18.32 -2.86% Nasdaq 100 - Risers Shire Plc Ads (SHPG) $157.65 3.85%
Liberty Interactive Corporation QVC Group (QVCA) $26.23 3.23%
JD.com, Inc. (JD) $42.97 3.10%
CSX Corp. (CSX) $54.85 2.35%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $227.47 2.16%
Henry Schein Inc. (HSIC) $71.49 1.90%
Intel Corp. (INTC) $47.04 1.69%
Incyte Corp. (INCY) $95.02 1.56%
Ross Stores Inc. (ROST) $78.54 1.26%
Mercadolibre Inc. (MELI) $329.28 0.97% Nasdaq 100 - Fallers Dish Network Corp. (DISH) $48.47 -2.77%
Tesla Inc (TSLA) $331.10 -2.29%
Baidu Inc. (BIDU) $235.62 -2.20%
Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $55.98 -2.10%
Costco Wholesale Corp. (COST) $188.33 -2.07%
Sirius XM Holdings Inc (SIRI) $5.32 -2.03%
Autodesk Inc. (ADSK) $105.39 -1.94%
Charter Communications Inc. (CHTR) $316.97 -1.94%
Biomarin Pharmaceutical Inc. (BMRN) $90.85 -1.89% |
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| | Newspaper Round Up | | Wednesday newspaper round-up: US tax bill, EU referendum, LSE, Saudi Aramco Senate Republicans have passed a sweeping overhaul of the US tax code, placing Donald Trump on the brink of scoring his first major legislative victory. The Senate approved the $1.5 trillion tax bill, which includes permanent tax breaks for corporations and temporary tax cuts for individuals, by a final vote of 51-48. Once enacted, the legislation will represent the most drastic changes to the US tax code since 1986. – Guardian Britain could have a second EU referendum as an early Christmas present in 2018, the Liberal Democrats have said, proposing a lengthy 12-week campaign starting in September to give the UK the option to accept a deal or stay in the EU. The party said holding a referendum on the final deal ?" which the government has repeatedly ruled out ?" in December was compatible with the tight timetable of EU withdrawal, falling within the article 50 timeframe of two years, which will end in March 2019. ?" Guardian MPs have written to Toys R Us demanding an explanation for why the struggling retailer handed a bumper pay increase to bosses despite falling sales and growing losses which is threatening its survival. Frank Field MP, chairman of the Work and Pensions Committee, on Tuesday wrote to Toys R Us boss Steve Knights, citing The Sunday Telegraph's exposé of how the salary for Roger McLaughlan, former chief executive, was boosted from £356,000 to £1m in 2015 and a further £1.3m in 2016. ?" Telegraph Measures to make it easier for companies in the defence sector to sell their products abroad and get more smaller companies involved in the sector will be unveiled later today. Gavin Williamson, the new Secretary of State for Defence, will reveal a "refresh" of the defence industrial policy, looking at how the Ministry of Defence's £18.7bn annual spend on new kit can help Britain's arms industry expand and deliver wider economic benefits to the UK. ?" Telegraph The billionaire hedge fund manager behind a campaign to unseat the chairman of the London Stock Exchange has pledged to continue his fight after failing to persuade fellow investors to vote him out. Sir Christopher Hohn, 51, said that he would not let up in his attempts to force out Donald Brydon, despite more than three quarters of investors backing the City grandee to remain as chairman of the exchange. ?" The Times Hong Kong Kong is emerging as a serious contender to host the initial public offering of Saudi Aramco in a challenge for London and New York. The Chinese special administrative region's exchange has stepped up its lobbying in recent months as Saudi Arabia continues to prevaricate over its plans for the flotation. Saudi Aramco is the world's biggest oil company with production of 10.5 million barrels of oil per day and its target valuation of $2 trillion would make it more than twice the size of Apple. ?" The Times |
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