Market News Feed
AI Daily 5 entries
LONDON MARKET CLOSE: Blue-chips in the red despite European, US gains
- London stocks closed mixed on Wednesday, with the FTSE 100 dragged down by losses in AstraZeneca and lackluster economic data.
- The FTSE 105 fell 0.3%, while the FTSE 250 and AIM All-Share posted gains of 0.5% and 0.4%, respectively.
- European markets were mostly higher, with Paris' CAC 40 and Frankfurt's DAX 40 up 0.7% and 1.1%, respectively, despite political uncertainty in France.
- New York markets advanced, with the Dow Jones, S&P 500, and Nasdaq up 0.5%, 0.4%, and 0.9%, respectively, as investors digested economic data ahead of Friday's nonfarm payrolls report.
- US private sector job growth missed expectations, according to ADP, while service sector expansion slowed in November.
- Bank of England Governor Andrew Bailey indicated the possibility of four interest rate cuts in 2025, boosting rate-sensitive housebuilders' stocks.
- Legal & General shares rose 5.7% after providing a positive outlook and hinting at potential shareholder returns.
- IAG, owner of British Airways, climbed 4.3% after being named a top pick in the travel sector by JPMorgan and Bank of America.
- AstraZeneca fell 3.2%, weighing on the FTSE 100, while Learning Technologies added 6.7% following a takeover bid by private equity firm General Atlantic.
- Thursday's economic calendar includes construction PMI figures and US weekly jobless claims data.
LONDON MARKET MIDDAY: FTSE 100 underperforms before US jobs data
- London's FTSE 100 fell 0.2%, while European peers climbed; US stocks are expected to open higher.
- The CAC 40 in Paris and the DAX 40 in Frankfurt saw gains of 0.3% and 0.9%, respectively.
- Political risks in South Korea and France are in focus, with potential implications for global markets.
- The pound and euro made slight gains against the US dollar, while the dollar strengthened against the yen.
- Legal & General shares rose 4.6% on positive outlook and potential returns for shareholders.
- Learning Technologies added 6.9% after agreeing to a £802 million takeover by private equity firm General Atlantic.
- Biome warned of lower annual revenue due to component delivery issues, causing its shares to plummet 38%.
LONDON BROKER RATINGS: Deutsche Bank starts Applied Nutrition at 'buy'
- FTSE 100
- Deutsche Bank raises Coca-Cola HBC price target to 3,200 (3,150) pence - 'buy'
- Deutsche Bank cuts Diageo price target to 1,970 (2,000) pence - 'sell'
- Goldman Sachs raises United Utilities price target to 1,198 (1,101) pence - 'neutral'
- Goldman Sachs raises Severn Trent price target to 2,603 (2,349) pence - 'sell'
- JPMorgan cuts Prudential price target to 950 (1,150) pence - 'overweight'
- JPMorgan cuts Phoenix Group price target to 500 (510) pence - 'underweight'
- JPMorgan raises Beazley price target to 1,000 (950) pence - 'overweight'
- JPMorgan raises Standard Chartered target to 1,180 (1,020) pence - 'overweight'
- JPMorgan raises Sage Group price target to 1,500 (1,350) pence - 'overweight'
- HSBC cuts Bunzl to 'hold' - price target 3,625 pence
- Barclays raises Spirax to 'overweight' - price target 8,350 pence
- JPMorgan adds IAG to 'analyst focus list' and 'positive catalyst watch'
- JPMorgan raises IAG price target to 5 (3.40) EUR - 'overweight'
- JPMorgan raises easyJet price target to 750 (660) pence - 'overweight'
- Jefferies raises easyJet price target to 750 (680) pence - 'buy'
- UBS raises Compass price target to 3,090 (2,475) pence - 'buy'
- FTSE 250
- Jefferies raises Victrex to 'buy' (hold) - price target 1,140 (1,100) pence
- Deutsche Bank cuts Victrex price target to 1,160 (1,300) pence - 'hold'
- Barclays raises Breedon price target to 540 (464) pence - 'overweight'
- Jefferies raises Eurowag price target to 112 (84) pence - 'buy'
- Goldman Sachs cuts Pennon price target to 648 (682) pence - 'neutral'
- Barclays cuts Renishaw price target to 3,100 (3,250) pence - 'underweight'
- Barclays cuts Future price target to 1,130 (1,260) pence - 'overweight'
- JPMorgan raises Softcat price target to 1,450 (1,350) pence - 'underweight'
- JPMorgan raises Wizz Air price target to 1,600 (1,500) pence - 'neutral'
- JPMorgan raises Trustpilot price target to 350 (250) pence - 'overweight'
- HSBC cuts St James's Place to 'reduce' - price target 790 pence
- JPMorgan cuts Lancashire price target to 700 (750) pence - 'neutral'
- JPMorgan raises Direct Line price target to 250 (200) pence - 'neutral'
- SMALL CAP, AIM AND OTHER
- Deutsche Bank starts Applied Nutrition with 'buy' - price target 180 pence
- Deutsche Bank cuts Oxford Metrics price target to 95 (110) pence - 'buy'
- Jefferies raises Boku price target to 234 (216) pence - 'buy'
- JPMorgan raises Ryanair price target to 25 (19) EUR - 'overweight'
LONDON MARKET OPEN: L&G leads way but FTSE 100 underperforms
- London's FTSE 100 opened lower on Wednesday, with a loss of 0.2%, while the FTSE 250 and AIM All-Share posted modest gains.
- European markets were mixed, with the CAC 40 in Paris and the DAX 40 in Frankfurt posting gains, despite political uncertainty in France.
- The French government faces no-confidence votes that could lead to political chaos and a dilemma for President Emmanuel Macron.
- The dollar remained strong due to geopolitical factors, a lame-duck government in Germany, and potentially France, and high-interest rates.
- Pound and euro made slight gains against the dollar, while the yen weakened.
- Asian markets were mostly lower, with South Korean stocks sinking after President Yoon Suk Yeol's martial law declaration.
- Brent oil prices climbed slightly, while gold prices dipped.
- Legal & General shares rose 3.5% after a positive outlook and the possibility of returns for shareholders.
- Zigup, a vehicle rental and fleet management firm, reported a decline in earnings but expressed confidence in full-year expectations.
- Biome, a bioplastics and radio frequency technology company, warned of lower annual revenue due to component delivery delays, causing its shares to fall 39%.
LONDON MARKET EARLY CALL: US data, PMIs and France vote in focus
- London's FTSE 100 was expected to open lower, with futures predicting a 0.3% decrease, ahead of US labour market data and a key vote for French Prime Minister Michel Barnier.
- Equities in New York showed mixed results, with the Dow Jones losing 0.2%, while the S&P 500 and Nasdaq Composite rose slightly.
- Asian markets were mostly down, with the Shanghai Composite and Hang Seng Index losing 0.6% and 0.1%, respectively, while the Nikkei 225 in Tokyo posted a modest 0.1% gain.
- Market participants are awaiting Friday's US jobs report, with the latest job openings and labour turnover survey showing a surprise upside in October.
- Wednesday's economic calendar includes the ADP US jobs report and services PMI readings from the eurozone, the UK, and the US.
- The pound, euro, and yen all made slight gains against the US dollar.
- France's government faces no-confidence votes that could end Prime Minister Michel Barnier's administration, presenting a dilemma for President Emmanuel Macron.
- Brent oil and gold prices were higher, with Brent quoted at USD73.79 a barrel and gold at USD2,650.11 an ounce.
- Treatt, an extracts and ingredients manufacturer, is scheduled to release full-year results on Wednesday.
All Market News Today 508 headlines
ATR
16:18
Schroders Investment Trusts - Schroder Asian Total Return Investment Company plc
IGET
15:26
Invesco Perpetual Select Trust plc - Global Equity Income Share Portfolio
0RPR
15:01
Ringkjoebing Landbobank A/S
0RPR
15:01
Ringkjoebing Landbobank A/S
0RPR
15:01
Ringkjoebing Landbobank A/S
0RPR
15:01
Ringkjoebing Landbobank A/S
0RPR
15:01
Ringkjoebing Landbobank A/S
IDS
13:22
International Distributions Services PLC
DLG
13:18
Direct Line Insurance Group plc
IDS
13:16
International Distributions Services PLC
SPT
13:11
Spirent Communications plc
TTE
13:04
TotalEnergies SE
IRSH
12:01
IRSH
IDS
09:55
International Distributions Services PLC
IGET
09:32
Invesco Perpetual Select Trust plc - Global Equity Income Share Portfolio
DNE
09:01
Dunedin Enterprise Investment Trust PLC
ATR
06:01
Schroders Investment Trusts - Schroder Asian Total Return Investment Company plc
INOV
06:01
Schroders Capital Global Innovation Trust plc - INOV
FGEN
06:01
Foresight Environmental Infrastructure Limited
PSH
06:01
Pershing Square Holdings Ltd
AI 0 headlines
Acquisitions 2 headlines
Agreement 1 headlines
Approvals 0 headlines
Authorisation 0 headlines
Awards 0 headlines
BTC 0 headlines
Blockchain 0 headlines
Breakthrough 0 headlines
BuyBack 0 headlines
Cancellations 0 headlines
CashOffer 0 headlines
Collaborate 0 headlines
ContractWin 0 headlines
Covid-19 0 headlines
Deals 0 headlines
Diamond 0 headlines
DirectorDealing 31 headlines
IGET
09:32
Invesco Perpetual Select Trust plc - Global Equity Income Share Portfolio
Discovery 0 headlines
Exceeded 0 headlines
FCA 0 headlines
FDA 0 headlines
Grants 0 headlines
InvestmentPlan 0 headlines
JV 0 headlines
Launch 0 headlines
Litigation 0 headlines
NewContract 2 headlines
Offers 2 headlines
Offtake 0 headlines
Orders 0 headlines
Partner 0 headlines
Patents 1 headlines
Placing 5 headlines
Positive 0 headlines
Proposals 0 headlines
Reports 14 headlines
Results 16 headlines
Significant 0 headlines
Speculation 1 headlines
Strategic 0 headlines
Suspension 0 headlines
TR1 56 headlines
Takeover 0 headlines
Understanding 0 headlines
Updates 17 headlines
ATR
16:18
Schroders Investment Trusts - Schroder Asian Total Return Investment Company plc