Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAuction Technology Group Share News (ATG)

Share Price Information for Auction Technology Group (ATG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 588.00
Bid: 569.00
Ask: 575.00
Change: 23.00 (4.07%)
Spread: 6.00 (1.054%)
Open: 588.00
High: 588.00
Low: 588.00
Prev. Close: 565.00
ATG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks turn lower on renewed interest rate concerns

Mon, 05th Feb 2024 16:22

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

The FTSE 100 index closed marginally lower, down 0.04% at 7,612.86 points, while the FTSE 250 fared worse with a decline of 0.8%, finishing at 19,018.55 points.

In currency markets, sterling was last down 0.8% on the dollar, trading at $1.2530, while it dipped 0.32% against the euro to change hands at €1.1671.

"Markets managed to shrug off Friday's stellar payrolls report, but today's ISM services PMI seems to have dealt the death blow to any lingering hopes that a March rate cut was still on the cards," said IG chief market analyst Chris Beauchamp.

2It looks like the relentless optimism seen so far on Wall Street is finally beginning to collide with reality, delivering a 400-point slump on the Dow and knocking the S&P 500 off course from its march to 5000."

Beauchamp said the selling in US markets had spread back across the Atlantic, but with sterling "at the mercy of a rampant dollar", the losses for the FTSE 100 had been contained for now.

"But no central bank seems in much of a hurry to cut rates, so the pain for stocks on both sides of the ocean seems set to continue."

UK services sector expands, US service data revised downwards

In economic news, fresh data showed the UK services sector experiencing robust growth in January, reaching its highest level in eight months.

The S&P Global services purchasing managers' index (PMI) climbed to 54.3, surpassing December's 53.4 and exceeding both initial estimates and consensus expectations of 53.8.

It marked the third consecutive month that the index remained above the 50-point threshold, indicating expansion.

The composite PMI, which measures activity across the services and manufacturing sectors, also saw an increase to 52.9 in January from 52.1, marking the highest reading since May 2023.

"The revival in UK service sector performance gained momentum at the start of 2024, with output growth accelerating to its fastest for eight months amid stronger business and consumer spending," said Tim Moore, economics director at S&P Global.

"New orders have also rebounded this winter as receding recession risks and looser financial conditions led to greater willingness-to-spend among clients."

Moore said inflationary pressures subsided during January, despite stronger demand conditions.

"Latest data indicated that total input costs increased at one of the slowest rates seen in the past three years.

"Softer cost inflation reflected lower energy and fuel costs, alongside falling raw material prices."

Elsewhere, the Office for National Statistics (ONS) revised the UK unemployment rate for late 2023 based on new population data.

According to Monday's Labour Force Survey (LFS), employment increased by 108,000 in the three months to November, surpassing the initial estimate of 73,000.

As a result, the jobless rate for that period was adjusted to 3.9%, down from the previously estimated 4.2%.

"It seems very likely, therefore, that the official unemployment rate estimate for the fourth quarter, published on 13 February, will undershoot the Monetary Policy Committee's 4.3% estimate in last week's Monetary Policy Report, as well as the committee's estimate of its equilibrium rate, 4.5%," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.

Across the Atlantic, S&P Global reported that the US services PMI stood at 52.5 in January, slightly lower than the preliminary reading of 52.9 but still the strongest reading in seven months.

New orders increased due to improved domestic demand conditions and a significant rise in new export orders.

US firms expressed optimism about future output, increasing their workforce in response to expanding backlogs.

Output charges also rose at a slower pace, aided by reduced growth in input costs.

In a global view, the Organization for Economic Cooperation and Development (OECD) upgraded its global growth outlook in its February interim report.

GDP was now expected to expand by 2.9% in 2024, up from 2.7% predicted in November.

The increase was attributed to higher economic activity in the US, driven by increased government and consumer spending.

Despite a slight decrease from 2023's 3.1% growth, the OECD remained optimistic about 2025, maintaining its forecast of 3.0% growth.

In the eurozone, the economy showed early signs of recovery in January, with growing inflationary pressures supporting the European Central Bank's decision to maintain record-high interest rates.

The composite PMI increased to 47.9 from December's 47.6, aligning with initial forecasts.

While the services PMI dipped slightly to 48.4, the HCOB eurozone manufacturing PMI reached its highest reading in ten months at 46.6.

Although the composite PMI indicated improvement, it still fell short of the 50-point threshold, signifying continued growth challenges.

Finally on data, China's services sector experienced slower-than-expected growth in January, as revealed by the Caixin services PMI.

The index dropped to 52.7 from December's 52.9, missing expectations for an increase to 53.0.

CMC Markets surges, Vodafone slides on fall in revenue

On London's equity markets, CMC Markets surged 18.22% after the spreadbetting and CFD trading provider announced its intentions to cut 200 jobs as part of a cost-cutting program projected to save £21m.

Land Securities Group added 1.23% after an upgrade from 'equalweight' to 'overweight' by Morgan Stanley.

British Land also benefited from the bank reiterating its 'overweight' rating.

Morgan Stanley noted the challenging past decade for shareholder returns due to various factors, including retail headwinds, Brexit-related uncertainty, and the impact of Covid-19.

However, it suggested that stabilising property yields and solid total net asset value-based returns could lead to a significant re-rating for these companies.

Auction Technology Group continued its upward momentum with a 3.84% increase.

The art and antique online marketplace operator announced that it expected annual results to align with expectations after reporting an 11% rise in revenue for the first three months of the year.

Watches of Switzerland Group also saw positive movement, rising by 3% ahead of an upcoming trading update by the luxury timepiece seller.

Just a few weeks ago, the company faced a significant setback when it lowered its annual revenue guidance due to decreased demand and anticipated volatile trading conditions.

On the downside, Vodafone Group declined 2.74% after it reported a fall in third-quarter service revenues.

Service revenues fell 1.4% to €9.3bn on a reported basis.

Despite that, Vodafone maintained its full-year guidance, expecting adjusted core earnings of approximately €13.3bn and adjusted free cash flow of €3.3bn.

JD Sports Fashion faced decline of 5.27% following reports that Applied Nutrition, a company part-owned by JD Sports and based in Liverpool, was preparing for a £1bn flotation on the London market.

Kingfisher, the owner of B&Q and Castorama, slid 2.1% after JPMorgan Cazenove lowered its price target on the company's shares from 190p to 180p and placed them on 'negative catalyst watch' ahead of the full-year results scheduled for 25 March.

Reporting by Josh White for Sharecast.com.

Market Movers

FTSE 100 (UKX) 7,612.86 -0.04%

FTSE 250 (MCX) 19,018.55 -0.80%

techMARK (TASX) 4,369.58 0.08%

FTSE 100 - Risers

Ocado Group (OCDO) 523.00p 3.56%

GSK (GSK) 1,662.60p 3.19%

Croda International (CRDA) 4,943.00p 1.65%

Smith & Nephew (SN.) 1,115.00p 1.64%

Diageo (DGE) 2,984.00p 1.62%

Unilever (ULVR) 3,918.00p 1.37%

Informa (INF) 785.60p 1.34%

Haleon (HLN) 329.15p 1.28%

Flutter Entertainment (DI) (FLTR) 16,695.00p 1.24%

Land Securities Group (LAND) 659.00p 1.23%

FTSE 100 - Fallers

JD Sports Fashion (JD.) 107.05p -5.27%

Airtel Africa (AAF) 106.50p -4.40%

Ashtead Group (AHT) 5,132.00p -3.97%

Barclays (BARC) 145.68p -3.34%

Vodafone Group (VOD) 66.33p -3.31%

Weir Group (WEIR) 1,759.50p -2.92%

Persimmon (PSN) 1,411.00p -2.45%

Glencore (GLEN) 408.30p -2.23%

Kingfisher (KGF) 210.10p -2.10%

IMI (IMI) 1,682.00p -2.04%

FTSE 250 - Risers

Helios Towers (HTWS) 76.95p 4.41%

Auction Technology Group (ATG) 541.00p 3.84%

Pets at Home Group (PETS) 278.40p 3.34%

Watches of Switzerland Group (WOSG) 371.60p 3.00%

Babcock International Group (BAB) 462.00p 2.67%

Polar Capital Technology Trust (PCT) 2,795.00p 2.38%

Trustpilot Group (TRST) 179.10p 1.59%

Asia Dragon Trust (DGN) 347.00p 1.46%

Worldwide Healthcare Trust (WWH) 322.00p 1.42%

JPMorgan Japanese Inv Trust (JFJ) 508.00p 1.40%

FTSE 250 - Fallers

Harbour Energy (HBR) 257.90p -4.55%

Ithaca Energy (ITH) 129.80p -4.42%

OSB Group (OSB) 423.80p -4.25%

Savills (SVS) 963.00p -3.99%

Howden Joinery Group (HWDN) 769.60p -3.96%

Spirent Communications (SPT) 113.10p -3.74%

Tyman (TYMN) 293.50p -3.61%

Sirius Real Estate Ltd. (SRE) 86.25p -3.54%

Barr (A.G.) (BAG) 551.00p -3.50%

Drax Group (DRX) 475.50p -3.47%

More News
13 Jun 2024 16:15

UK dividends calendar - next 7 days

Friday 14 June 
AEW UK REIT PLCdividend payment date
Aptitude Software Group PLCdividend payment date
Aquila European Renewables PLCdividend payment date
Burford Capital Ltddividend payment date
FRP Advisory Group PLCdividend payment date
James Halstead PLCdividend payment date
Midwich Group PLCdividend payment date
Mincon Group PLCdividend payment date
Ocean Wilsons Holdings Ltddividend payment date
Pershing Square Holdings Ltddividend payment date
Petershill Partners PLCdividend payment date
PetroTal Corpdividend payment date
Seplat Energy PLCdividend payment date
Town Centre Securities PLCdividend payment date
Town Centre Securities PLCspecial dividend payment date
Monday 17 June 
Churchill China PLCdividend payment date
Inchcape PLCdividend payment date
Princess Private Equity Holding Ltddividend payment date
Tuesday 18 June 
no events scheduled 
Wednesday 19 June 
BlackRock Greater Europe Investment Trust PLCdividend payment date
Centamin PLCdividend payment date
Fintel PLCdividend payment date
Henderson Eurotrust PLCdividend payment date
MP Evans Group PLCdividend payment date
Thursday 20 June 
3i Group PLCex-dividend payment date
Airtel Africa PLCex-dividend payment date
Animalcare Group PLCex-dividend payment date
Arbuthnot Banking Group PLCspecial dividend payment date
Aurora Investment Trust PLCdividend payment date
AVI Global Trust PLCex-dividend payment date
Baillie Gifford China Growth Trust PLCex-dividend payment date
Barings Emerging EMEA Opportunities PLCex-dividend payment date
British Land Co PLCex-dividend payment date
Castings PLCex-dividend payment date
Diverse Income Trust PLCex-dividend payment date
Experian PLCex-dividend payment date
Fidelity China Special Situations PLCex-dividend payment date
Fidelity Special Values PLCdividend payment date
Flowtech Fluidpower PLCex-dividend payment date
Gamma Communications PLCdividend payment date
GB Group PLCex-dividend payment date
Gooch & Housego PLCex-dividend payment date
Henderson Opportunities Trust PLCdividend payment date
Inspired PLCex-dividend payment date
Maven Income & Growth VCT PLCex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mitie Group PLCex-dividend payment date
Patria Private Equity Trust PLCex-dividend payment date
Persimmon PLCex-dividend payment date
RWS Holdings PLCex-dividend payment date
S&U PLCex-dividend payment date
Science Group PLCex-dividend payment date
Scottish American Investment Co PLCdividend payment date
Tate & Lyle PLCex-dividend payment date
Templeton Emerging Markets Investment Trust PLCex-dividend payment date
Touchstar PLCex-dividend payment date
United Utilities Group PLCex-dividend payment date
Vianet Group PLCex-dividend payment date
VP PLCex-dividend payment date
Wynnstay Properties PLCex-dividend payment date
Yu Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com 
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

Read more
16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

Read more
16 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 dragged down by Sage Group and easyJet

(Alliance News) - Stock prices in London were lower at midday Thursday, with Wednesday's Wall Street session failing to shine in Europe.

Read more
16 May 2024 11:13

Auction Technology reaffirms guidance after compelling first half

(Alliance News) - Auction Technology Group PLC on Thursday said strategic investments have delivered growth throughout the business.

Read more
16 May 2024 08:33

Auction Technology maintains guidance despite earnings fall

(Sharecast News) - Auction Technology Group reported 6% growth in first-half revenue on Thursday, to $86m (£67.81m), driven by strong growth in value-added services and contributions from 'EstateSales'.

Read more
13 May 2024 09:41

LONDON BROKER RATINGS: BAE Systems and Mondi cut to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
16 Apr 2024 09:48

LONDON BROKER RATINGS: RBC raises Admiral; Barclays cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more
16 Apr 2024 09:25

Auction Technology revenue rises as it adjusts margin forecasts

(Sharecast News) - Online marketplace operator Auction Technology Group reported a 6% improvement in first-half revenue in an update on Tuesday, to $86m, as it narrowed its full-year margin guidance.

Read more
21 Feb 2024 11:17

LONDON BROKER RATINGS: Unilever and Aviva both raised to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
30 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks recover pre-US Fed call and tech earnings

(Alliance News) - Stock prices in London closed up on Tuesday, as investors shook off some pre-interest rate decision nerves and ahead of earnings from Microsoft and Google owner Alphabet this evening.

Read more
30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

Read more
30 Jan 2024 12:01

LONDON MARKET MIDDAY: Stocks surge before US tech earnings and Fed

(Alliance News) - Stock prices in London were higher at midday Tuesday, as investors shake off some pre-interest rate decision nerves, ahead of the Federal Reserve's first meeting of the year.

Read more
30 Jan 2024 09:01

LONDON MARKET OPEN: Stocks up; UK grocery price inflation cools

(Alliance News) - Stock prices in London opened higher on Tuesday, after new data showed that UK grocery price inflation eased in January.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.