| | | | | | | Share Tips for 2018 The Share Centre’s investment research analyst Ian Forrest, comments on five equities, an investment trust as well as an ETF that our expert research team think could flourish in 2018. Read more. Capital at risk. | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks flat as Tesco, M&S updates disappoint London stocks were little changed in early trade on Thursday, with mixed Christmas trading updates from the likes of Tesco and Marks & Spencer disappointing analysts and investors. At 0850 GMT, the FTSE 100 was flat at 7,751.09, with the pound down 0.1% versus the euro at 1.1294 and 0.2% lower against the greenback at 1.3480. As further updates flowed in on the festive period, Thursday was a veritable retail bonanza. Tesco fell after its sales for the Christmas period missed City forecasts. For the 13 weeks to 25 November, Britain's largest grocery group increased like-for-like sales 2.3% in the UK and Ireland, and then for the six-week festive trading period to 6 January, saw LFL growth of 2.0%. This was a fairly strong performance, but expectations were for 2.4% growth in the third quarter and 2.8% for Christmas. Marks & Spencer numbers were much worse, with UK like-for-like sales down 1.4%. Over the 13 weeks to 30 December, M&S food LFL sales fell 0.4% in what the group blamed on "ongoing trading pressures continued in the lead up to Christmas as consumer spending and choices reflected tighter budgets", though other supermarket groups seemed to do a lot better. FTSE 250 wholesaler Booker was in the red despite saying third-quarter sales rose 3.4%, with like-for-likes up 3.8%. Card Factory fared the worst among its peers, however, with its shares down a whopping 20% despite what it called a "solid" Christmas trading period. It said any earnings growth for this year will be limited due to the impact of foreign exchange and wage inflation. It wasn't all bad news though, with online electrical retailer AO World edging up after posting an 11% jump in revenue in the final three months of last year. Outside the FTSE 350, shares in fast fashion brand Boohoo failed to make any headway due to very high expectations, slipping into the red despite upgrading its full-year forecasts after posting a doubling of its revenues for the four months to the end of December. Away from the retail sector, housebuilder Barratt Developments was lower after saying it was well positioned for the second half of the financial year and reporting first half forward plot sales up 3.8% at 10,921 plots at a value of £2.38bn. Ultra Electronics surged after saying it sees "significant exposure to the strengthening US defence budget", while outsourcer Bunzl rose after saying it expects US tax changes to have a positive impact from this year and announcing acquisitions in the UK and the US. FTSE 250 recruiter Hays was in the black as it posted a 13% jump in second-quarter net fees thanks to a solid performance form its international businesses as the UK segment was broadly flat, while builders merchant Grafton was higher as it said it now expects 2017 earnings before interest, tax and amortisation to be slightly ahead of consensus estimates. Jupiter Fund Management was weaker as it said total assets were up 3.7% in the fourth quarter. In broker note action, Just Eat was boosted by an upgrade at Barclays, while Anglo American was up after an upgrade by Morgan Stanley. Greene King and Metro Bank were hit by downgrades from Numis and Investec, respectively. |
| | The Top 10 Stocks for 2018 | | What does the year hold for these 10 blue chips? A look at some of the key themes in the coming 12-months, the key numbers from 2017, FTSE 100 companies that reached record highs… and those that fell to all-time lows, and our Top Stock Picks for 2018. Losses can exceed deposits. Get your copy |
| | Market Movers FTSE 100 (UKX) 7,751.09 0.03%
FTSE 250 (MCX) 20,712.54 -0.23%
techMARK (TASX) 3,519.23 0.28% FTSE 100 - Risers Just Eat (JE.) 808.80p 5.37%
Anglo American (AAL) 1,728.40p 1.65%
British American Tobacco (BATS) 5,042.00p 1.55%
Antofagasta (ANTO) 1,028.58p 1.39%
BHP Billiton (BLT) 1,619.80p 1.28%
SSE (SSE) 1,319.00p 1.07%
Centrica (CNA) 142.00p 1.07%
Bunzl (BNZL) 2,025.00p 1.00%
Rio Tinto (RIO) 4,129.00p 0.98%
Ashtead Group (AHT) 2,071.00p 0.88% FTSE 100 - Fallers Marks & Spencer Group (MKS) 311.10p -3.98%
Tesco (TSCO) 205.55p -3.00%
Barratt Developments (BDEV) 621.50p -2.00%
Next (NXT) 4,964.00p -1.51%
Taylor Wimpey (TW.) 197.60p -1.30%
Paddy Power Betfair (PPB) 8,370.00p -1.24%
Berkeley Group Holdings (The) (BKG) 4,165.00p -1.19%
London Stock Exchange Group (LSE) 3,658.00p -1.14%
Whitbread (WTB) 3,856.00p -1.13%
Persimmon (PSN) 2,643.00p -1.12% FTSE 250 - Risers Ultra Electronics Holdings (ULE) 1,452.00p 16.53%
Grafton Group Units (GFTU) 796.00p 4.74%
TI Fluid Systems (TIFS) 245.40p 4.07%
William Hill (WMH) 343.00p 3.25%
Superdry (SDRY) 1,905.00p 2.97%
Hays (HAS) 193.80p 2.92%
Pagegroup (PAGE) 526.50p 2.03%
Ferrexpo (FXPO) 305.90p 2.00%
Softcat (SCT) 529.00p 1.73%
GVC Holdings (GVC) 975.00p 1.72% FTSE 250 - Fallers Card Factory (CARD) 222.80p -21.10%
Greene King (GNK) 532.03p -4.96%
Ted Baker (TED) 3,004.00p -3.66%
Metro Bank (MTRO) 3,594.00p -2.86%
Brewin Dolphin Holdings (BRW) 377.80p -2.83%
WH Smith (SMWH) 2,166.00p -2.78%
Booker Group (BOK) 226.70p -2.66%
RPC Group (RPC) 813.80p -2.52%
Mitchells & Butlers (MAB) 263.60p -2.23% |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 | | | | | | | | 2 | | | | | | | | 3 | | | | | | | | 4 | | | | | | | |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US Market Report | | US close: China, NAFTA worries end six day winning streak Wall Street ended six straight days of gains on Wednesday as shares fell on reports that China might cut US government debt purchases and US President Donald Trump would end the NAFTA agreement. At the close the Dow Jones Industrials Average was lower by 0.07% or 16.67 points to 25,351.75, alongside a 0.17% or 3.06 point dip for the S&P 500 to 2,748.43 and a fall of 0.39% or 10.01.87 points for the Nasdaq Composite to 7,153.57. A Bloomberg report stated that some Chinese officials had recommended slowing down US debt purchases or ceasing all together because it was now less attractive relative to other possible investments and due to trade frictions. The news sent longer-term Treasury yields to their highest in almost a year. The benchmark 10-year US Treasury note climb as high as 2.60% before the opening bell, which was just three basis points below the early-2017 highs, although it fell back to 2.52%. A separate media report said Canada was increasingly convinced that Trump will soon announce US intentions to pull out of the North American Free Trade Agreement. Oanda analyst Craig Erlam said if the China report was true "the repercussions could be significant as the country is one of the biggest holders of US debt". "A significant change in policy could put considerable upside pressure on US yields, the result of which would be an effective tightening for the US," he said. "The tightening effect of such measures would likely have an impact on how many times the Federal Reserve raises interest rates this year, which is why we've seen a corresponding drop in the dollar." On the economic front, US import prices rose by 0.1% on the month in December, falling short of the 0.4% increase forecast by economists. In corporate news, Sears was in focus after saying it has raised $100m in new financing and is looking to raise another $200m from other counterparties. Shares in Supervalu were also active, plummeting after the release of the retailer's third-quarter numbers, while Eastman Kodak surged after the company said it was launching a cryptocurrency. United Continental Holdings rose after the airline said late on Tuesday that traffic was up 2.7% on the year in December. Technology giant Apple was slightly lower after it faced new questions from the US and France over its battery-related performance issues with iPhones. |
| | Following the financial crisis, high street banks have funded fewer SME housebuilders | | Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. |
| | Newspaper Round Up | | Thursday newspaper round-up: BHS, Carillion, Deloitte The former BHS owner Dominic Chappell has told a court that workers were seen shredding bin bags of documents prior to his purchase of Sir Philip Green’s doomed high street chain in 2015. Chappell, 51, said the staff tipped the bags into an “industrial-sized” shredder, which was located in a lorry or a van in the car park of the Arcadia-run BHS offices in London. – Guardian The longest spell of rising output from Britain's factories in 23 years has left the economy on course to record its fastest rate of growth since late 2016, one of the country's leading thinktanks has forecast. The National Institute of Economic and Social Research said it was pencilling in expansion in gross domestic product of 0.6% in the final quarter of 2017, up from 0.4% in the previous three months and above the latest City estimates. ?" Guardian The Government has drawn up contingency plans for Carillion's collapse, it admitted on Wednesday, as investors await news of the outcome of crunch talks between the contractor and lenders over its future. Cabinet Office parliamentary secretary Oliver Dowden said: "We of course make contingency plans for all eventualities … Carillion is a major supplier to the Government with a number of long-term contracts." ?" Telegraph The Murdoch tabloids reduced their losses last year thanks to a deal with the taxman, but still spilt plenty of red ink as The Sun struggled to find its role in the digital world. News Group Newspapers, the holding company for The Sun and Sun on Sunday, reported a pre-tax loss of £24m, down from £63m. ?" Telegraph Deloitte is to convert part of its British practice into a law firm in a move that will increase competitive pressures in an already crowded legal services market. The move will mean that all of the accounting industry's Big Four will be licensed as law firms in England and Wales as they take advantage of ten-year-old legislation that overhauled the rules governing the ownership of legal practices. ?" The Times The government should have the power to levy council tax on building sites straight after a developer gets planning permission, a former Cabinet Office minister has suggested, claiming that it would help to speed up the supply of new homes. John Penrose, a Conservative MP and co-chairman of the all-party parliamentary group on housing and planning, has written a letter to Sajid Javid, the housing secretary, to ask him to change how construction companies are taxed. He said that housebuilders did not have enough incentive to speed up their output, so should face a council tax on any unused land. ?" The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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