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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 but gains limited amid Brexit concerns London stocks edged higher in early trade on Thursday, with sentiment underpinned by a rebound in US tech shares overnight, but gains were limited as investors kept an eye on Brexit developments. At 0845 GMT, the FTSE 100 was up 0.2% to 7,359.86, while the pound was down 0.1% against the dollar and the euro at 1.3379 and 1.1345, respectively. Brexit was firmly front-of-mind again a day after the EU's chief negotiator Michel Barnier told member states that the British government has just 48 hours to agree a text on a potential deal or it will be told that negotiations cannot proceed to the next stage. Barnier told EU ambassadors that Downing Street had told him a potential solution was being worked out that could satisfy Northern Ireland's Democratic Unionist party and the Republic of Ireland. However, that has yet to be signed off and Ireland's premier Leo Varadkar indicated that the Irish border issue would not be solved in time for next week's crucial summit. Spreadex analyst Connor Campbell said: "It hasn't been a great week for the government, with Brexit bungles galore - take your pick from David Davis' admission that there hasn't been any sector-by-sector impact assessment, or the DUP Irish border blockade, or Philip Hammond stating the Cabinet is yet to discuss the 'end state position' for the UK after it leaves the EU - undermining the pound." In corporate news, Sky was the standout gainer following reports that US Comcast is interested in taking full control of the broadcaster. Building materials group CRH was on the front foot after deciding not to bid for South African rival PPC. Ladbrokes Coral surged on news is it in advanced talks with GVC Holdings about a possible £3.9bn takeover of the bookmaker. GVC was also sharply higher. St. Modwen Properties was trading higher after it said sales volumes for the year should be in line with expectations, growing by around 43% over the previous year to 694. Legal & General rose after saying it expected a record year for profits and earnings with growth accelerating across its businesses. Coca-Cola HBC edged up after it appointed Zoran Bogdanovic as its new chief executive officer with immediate effect, succeeding Dimitris Lois who passed away in October. William Hill rallied after it settled a dispute with NYX, a Toronto-listed gaming software company in which the bookmaker owns a stake. Packaging and paper group DS Smith advanced after saying sales increased strongly in the first half of the year but profits grew more slowly due to higher paper prices. On the downside, heavily-weighted miners lost ground as copper and iron prices declined, with Rio, Anglo, BHP Billiton and Glencore all weaker. Cobham was on the back foot after a downgrade to 'reduce' at Kepler Cheuvreux, while Babcock was down as its stock went ex-dividend. |
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| | Market Movers FTSE 100 (UKX) 7,359.86 0.16%
FTSE 250 (MCX) 19,897.47 0.35%
techMARK (TASX) 3,422.18 0.34% FTSE 100 - Risers Sky (SKY) 1,011.00p 2.33%
Pearson (PSON) 732.00p 1.53%
Smurfit Kappa Group (SKG) 2,360.00p 1.29%
CRH (CRH) 2,612.00p 1.28%
Ashtead Group (AHT) 1,996.00p 1.27%
Prudential (PRU) 1,828.50p 0.99%
Sage Group (SGE) 767.50p 0.92%
Scottish Mortgage Inv Trust (SMT) 433.88p 0.90%
Centrica (CNA) 148.30p 0.88%
Convatec Group (CTEC) 209.10p 0.77% FTSE 100 - Fallers Next (NXT) 4,335.00p -1.97%
Rio Tinto (RIO) 3,445.00p -1.53%
Kingfisher (KGF) 331.00p -1.28%
Anglo American (AAL) 1,336.50p -1.18%
Babcock International Group (BAB) 671.00p -1.03%
BHP Billiton (BLT) 1,324.00p -0.97%
Marks & Spencer Group (MKS) 316.40p -0.82%
Morrison (Wm) Supermarkets (MRW) 221.00p -0.81%
Fresnillo (FRES) 1,254.00p -0.71%
Associated British Foods (ABF) 2,900.00p -0.68% FTSE 250 - Risers Ladbrokes Coral Group (LCL) 173.30p 27.71%
GVC Holdings (GVC) 979.50p 7.76%
Aveva Group (AVV) 2,709.00p 4.47%
William Hill (WMH) 302.20p 3.71%
Sophos Group (SOPH) 544.00p 3.52%
Stagecoach Group (SGC) 183.50p 3.09%
Ferrexpo (FXPO) 249.50p 2.89%
Smith (DS) (SMDS) 554.00p 2.78%
esure Group (ESUR) 263.10p 2.77%
Ultra Electronics Holdings (ULE) 1,293.00p 1.89% FTSE 250 - Fallers Cobham (COB) 123.10p -2.76%
Britvic (BVIC) 798.50p -2.62%
Investec (INVP) 484.60p -2.61%
Millennium & Copthorne Hotels (MLC) 572.50p -2.14%
Pets at Home Group (PETS) 166.76p -2.14%
Vedanta Resources (VED) 641.00p -2.06%
Evraz (EVR) 290.50p -2.02%
Halfords Group (HFD) 333.70p -1.97%
PayPoint (PAY) 900.00p -1.69% |
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| | UK Event Calendar | | Thursday December 07 INTERIMS
Clipper Logistics , Smith (DS) INTERIM DIVIDEND PAYMENT DATE
London Security INTERIM EX-DIVIDEND DATE
Alpha Financial Markets Consulting, Aquila Services Group, Babcock International Group, Biffa, Big Yellow Group, Caffyns, Cranswick, D4T4 Solutions, De La Rue, Fuller Smith & Turner, Greene King, Halfords Group, Hogg Robinson Group, Homeserve, IG Design Group, Intermediate Capital Group, Investec, Kainos Group , Mediclinic International , Montanaro European Smaller Companies Trust, MS International, Next, Palace Capital , PayPoint, Pets at Home Group , Royal Mail, ULS Technology , Vertu Motors, Walker Crips Group, Wincanton QUARTERLY EX-DIVIDEND DATE
F&C Commercial Property Trust Ltd., Honeycomb Investment Trust, UIL Limited (DI) INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (19:00)
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30) FINALS
CareTech Holding SPECIAL DIVIDEND PAYMENT DATE
Aberdeen Asian Smaller Companies Investment Trust SPECIAL EX-DIVIDEND DATE
Asian Growth Properties Ltd Com Shs (DI), PayPoint AGMS
Abcam, Aeorema Communications, Brighton Pier Group (The), Fidelity Asian Values, Foresight Solar & Infrastructure VCT, Frontier IP Group, Hemogenyx Pharmaceuticals , Henderson International Income Trust, Investment Company, Lok'n Store Group, MJ Gleeson , Sanditon Investment Trust TRADING ANNOUNCEMENTS
S&U FINAL DIVIDEND PAYMENT DATE
Aberdeen Asian Smaller Companies Investment Trust, Craneware FINAL EX-DIVIDEND DATE
Aeci 5 1/2% Prf, British Empire Trust, Britvic, Daily Mail and General Trust A (Non.V), Debenhams, DFS Furniture, Fidelity Special Values, Greencore Group, Netcall, Northamber, Orchard Funding Group , Pan African Resources, Scottish Oriental Smaller Companies Trust, Town Centre Securities, ZPG Plc
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 251,264,422,255 | 14,593.21 | +8.2%
|  | | 2 |  | Ethereum (ETH) | 41,078,436,955 | 432.44 | -3.26% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 22,805,787,732 | 1,378.36 | +1.76%
|  | | 4 |  | IOTA (IOT) | 9,516,361,216 | 3.68 | -28.35% |  | | 5 |  | Ripple (XRP) | 8,826,055,625 | 0.222992 | +1.16% |  | See our full list of cryptocurrencies |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Markets mixed as traders look to non-farms Wall Street finished mixed on Wednesday, as traders continued to play it safe ahead of Friday's monthly non-farm payrolls numbers and next week's US Federal Reserve policy meeting. The Dow Jones Industrial Average finished down 0.16% at 24,140.91 and the S&P 500 was off just 0.01% at 2,629.27, while the Nasdaq 100 added 0.45% to settle at 6,293.05. "It would appear some of the sparkle has disappeared from the markets at the start of December after what has been another impressive performance since the middle of November," said Craig Erlam, senior market analyst at Oanda. "The prospect of tax reform in the US, which has made progress, has aided the rally in recent weeks but clearly a number of significant hurdles remain and this is likely to continue to impact investor sentiment this month. "A failure to deliver tax reform may well ensure the Santa rally eludes us this year." On the data front, consultancy ADP reported a 190,000 increase in private sector payrolls during November, as expected, following a 235,000 gain for October, with factory jobs specifically jumping by 40,000. Wednesday's reading on jobs came alongside revised data from the Department of Labour showing a 3.0% quarter-on-quarter rise in labour productivity in the third quarter, against a consensus forecast for 3.2%. Meanwhile, unit labour costs declined by 0.2% on the quarter, just off consensus expectations for 0.3%. In corporate news, Home Depot was 1.12% lower despite announcing a new $15bn stock buyback programme. Bank of America stock was also trading on the back foot, falling 1% after announcing a $5bn boost to the $12.9bn share buyback authorisation announced in June. H & R Block stock was sharply higher, surging 10.19% after the tax preparation specialist posted stronger-than-expected sales for its second fiscal quarter. Alcoholic beverage firm Brown-Forman was also on the up, rising 6.18% after the release of stronger-than-expected fiscal second quarter adjusted earnings per share of 62 cents. At $914m its net sales also topped analysts' predictions. Shares of Fred's plummeted 18.66% after the retailer canceled its quarterly cash dividend and said it was looking at alternatives for its real estate and specialty pharmacy business. It also posted a wider loss for the third quarter. Dow Jones - Risers Visa Inc. (V) $109.74 2.15%
McDonald's Corp. (MCD) $173.48 1.66%
Johnson & Johnson (JNJ) $141.08 1.47%
Microsoft Corp. (MSFT) $82.78 1.46%
Boeing Co. (BA) $278.34 0.99%
United Technologies Corp. (UTX) $121.21 0.97%
Coca-Cola Co. (KO) $46.47 0.48%
Wal-Mart Stores Inc. (WMT) $97.28 0.28%
Cisco Systems Inc. (CSCO) $37.41 0.27%
Caterpillar Inc. (CAT) $140.37 0.14% Dow Jones - Fallers Merck & Co. Inc. (MRK) $54.34 -3.33%
Verizon Communications Inc. (VZ) $50.69 -1.99%
JP Morgan Chase & Co. (JPM) $104.93 -1.89%
Walt Disney Co. (DIS) $105.46 -1.64%
Exxon Mobil Corp. (XOM) $82.28 -1.54%
Pfizer Inc. (PFE) $35.56 -1.39%
Home Depot Inc. (HD) $180.80 -1.12%
Goldman Sachs Group Inc. (GS) $245.92 -0.96%
International Business Machines Corp. (IBM) $154.10 -0.80%
Travelers Company Inc. (TRV) $135.36 -0.73% S&P 500 - Risers DaVita Inc (DVA) $69.20 13.57%
H&R Block Inc. (HRB) $28.99 10.27%
Brown Forman Corp. Class B (BF.B) $65.83 6.19%
United States Steel Corp. (X) $31.11 4.26%
Adobe Systems Inc. (ADBE) $173.52 3.57%
First Solar Inc. (FSLR) $63.24 3.32%
Philip Morris International Inc. (PM) $107.62 2.88%
Mastercard Incorporated (MA) $147.43 2.78%
Paypal Holdings Inc (PYPL) $73.14 2.72%
Intuitive Surgical Inc. (ISRG) $379.04 2.58% S&P 500 - Fallers Newfield Exploration Co (NFX) $28.44 -9.43%
Range Resources Corp. (RRC) $16.49 -7.67%
Lowe's Companies Inc. (LOW) $82.40 -6.41%
Robert Half International Inc. (RHI) $53.08 -6.32%
Southwestern Energy Co. (SWN) $5.82 -6.28%
Carmax Inc. (KMX) $66.55 -5.88%
Kimco Realty Corp. (KIM) $18.03 -5.50%
Mattel Inc. (MAT) $15.16 -4.95%
Henry Schein Inc. (HSIC) $67.58 -4.95%
Leggett & Platt Inc. (LEG) $46.04 -4.68% Nasdaq 100 - Risers Adobe Systems Inc. (ADBE) $173.52 3.57%
Tesla Inc (TSLA) $313.26 3.15%
Paypal Holdings Inc (PYPL) $73.14 2.72%
Intuitive Surgical Inc. (ISRG) $379.04 2.58%
Align Technology Inc. (ALGN) $233.01 2.49%
Lam Research Corp. (LRCX) $184.23 2.05%
Activision Blizzard Inc. (ATVI) $60.75 2.02%
T-Mobile Us, Inc. (TMUS) $62.12 1.90%
Facebook Inc. (FB) $176.06 1.87%
Applied Materials Inc. (AMAT) $51.01 1.86% Nasdaq 100 - Fallers Dish Network Corp. (DISH) $49.31 -5.23%
Henry Schein Inc. (HSIC) $67.58 -4.95%
Tractor Supply Company (TSCO) $67.01 -2.53%
Charter Communications Inc. (CHTR) $322.64 -2.51%
Sirius XM Holdings Inc (SIRI) $5.60 -2.44%
Comcast Corp. (CMCSA) $38.63 -2.25%
Discovery Communications Inc. Class A (DISCA) $19.44 -2.11%
Liberty Global plc Series A (LBTYA) $31.20 -1.89%
Liberty Global plc Series C (LBTYK) $30.32 -1.81% |
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| | Newspaper Round Up | | Thursday newspaper round-up: China, Brexit, zombie companies Fears that China risks being the cause of a fresh global financial crisis have been highlighted by the International Monetary Fund in a hard-hitting warning about the growing debt-dependency of the world’s second biggest economy. The IMF’s health check of China’s financial system found that credit was high by international levels, that personal debt had increased in the past five years, and that the pressure to maintain the country’s rapid growth had bred an unwillingness to let struggling firms fail. – Guardian Britain must pay an exit bill of about £40 billion even if it does not get a trade deal with the EU, Philip Hammond said yesterday. The payments are likely to be spread over 40 years. He told MPs: "I find it inconceivable that we as a nation would be walking away from an obligation that we recognised as an obligation. That is not a credible scenario. That is not the kind of country we are. Frankly, it would not make us a credible partner for future international agreements." - The Times Companies based in Britain will start relocating jobs unless Theresa May secures the outline of a transition deal at next week's EU summit, employers have warned. Piling further pressure on the prime minister, the president of the CBI said last night that 60 per cent of firms with Brexit contingency plans would activate them by Easter unless the European Council summit gave the go-ahead for trade and transition talks. - The Times It is impossible to imagine a worse outcome for Britain than failing to agree a Brexit deal, the House of Lords will warn on Thursday, in a last-ditch warning to ministers under increasing pressure to walk away from stalled talks with the EU. In a 60-page report that predicts legal and economic chaos without an exit agreement, the cross-party committee of peers cautions that a government strategy of brinkmanship with Brussels "risks becoming a self-fulfilling prophecy". ?" Guardian Theresa May's efforts to win EU approval to start trade talks were last night losing momentum after Leo Varadkar signalled that the Irish border row would not be solved in time for next week's crucial summit. Mrs May yesterday spoke to both the Irish prime minister and Arlene Foster, the leader of the Democratic Unionist Party, but there was little sign of a breakthrough on how Britain could meet its promise to avoid a hard border after Brexit. - The Times A deal for Walt Disney to buy a large slice of 21st Century Fox has entered the advanced stages and could be agreed before the end of the year, according to reports last night. Disney wants to buy several entertainment and international distribution assets from 21st Century Fox. Talks between the companies broke down in October, but were reopened at the end of last week. - The Times There are as many as 100,000 "zombie companies" holding back the economy by soaking up credit that could be used to finance the businesses of the future, a study has claimed. The Organisation of Economic Co-operation and Development has assessed the impact on productivity of zombie firms kept on life support by their banks and has found that Britain would be growing more quickly if it encouraged a clearout. ?" The Times Liam Fox has called for an overhaul of international trade statistics to solve the "iPhone problem". The international trade secretary said that the statistics risked luring ministers into policy blunders because the gross value of exports and imports often masked the true picture of trade flows. He cited the example of the iPhone, which researchers have found appreciably widens America's trade deficit with China as it is booked as a Chinese export despite most of the value lying in US intellectual property and software. ?" The Times Uber's recently-departed UK boss, who left shortly after the transport app lost its London licence, has signed up for a job at a European tech fund. Jo Bertram has joined EQT Ventures, a €566m (£499m) arm of the Swedish private equity group EQT, where she will be tasked with helping to find the next generation of Ubers. ?" Telegraph Hammerson's swoop for rival Intu Properties sent the shopping centre owner's share price tumbling and was immediately questioned by investors and critics. One senior property investor said: "David Atkins has clearly gone for a shock-and-awe type of deal to wake everyone up, but I think is the most stupid deal anyone could have done." - The Times Cancer patients and people with severe mental illness are going without essential medicines because of shortages that have cost the NHS £180 million in six months. At least 100 drugs have been affected by supply problems, forcing health officials to approve temporary price rises of up to 4,000 per cent to boost stocks. - The Times A former Volkswagen executive has been sentenced to seven years in jail and given a $400,000 (£300,000) fine after pleading guilty to helping the German carmaker cheat on diesel emissions tests. The "dieselgate" scandal has cost Volkswagen as much as $30bn in fines, buybacks and settlements since 2015 when it admitted fitting 11m diesel vehicles worldwide with so-called defeat devices to suppress emissions of nitrogen oxide during tests. These allowed vehicles to cheat pollution tests. ?" Telegraph Online retailers are breaking the law if they sell luxury products without permission from the owners of the brands, the European Union's highest court has ruled. In a boost to some of the world's most famous luxury labels, the European Court of Justice ruled that manufacturers had the right to protect their image by restricting sales of their products through websites such as Amazon and Ebay. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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