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Share Price Information for Auto Trader (AUTO)

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Share Price: 697.60
Bid: 697.40
Ask: 697.80
Change: -2.40 (-0.34%)
Spread: 0.40 (0.057%)
Open: 702.60
High: 704.20
Low: 694.40
Prev. Close: 700.00
AUTO Live PriceLast checked at -

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LONDON MARKET CLOSE: Trump's Tough Trade Talk Sends Stocks Lower

Wed, 12th Jun 2019 17:11

(Alliance News) - Stocks in London ended lower on Wednesday as US-China trade war fears returned to the fore, after US President Donald Trump toughened his stance. Speaking to reporters on Tuesday, Trump said he has "no interest" in negotiating unless China agrees to come back to the table to discuss previous terms of a deal he has claimed was nearly complete.Trump said he expects to meet with Chinese President Xi Jinping at the G20 summit later this month and has warned that he will impose new tariffs on Chinese goods if his counterpart does not attend the summit.The FTSE 100 index closed down 30.83 points, or 0.4%, at 7,367.62. The FTSE 250 ended down 75.66 points, or 0.4% at 19,250.06 and the AIM All-Share closed 0.72 points lower, or 0.1%, at 944.57.The Cboe UK 100 ended down 0.4% at 12,501.18, the Cboe UK 250 closed down 0.3% at 17,279.71, and the Cboe Small Companies ended down 0.3% at 11,279.71.In Paris the CAC 40 ended down 0.5%, while the DAX 30 in Frankfurt ended down 0.3%."The FTSE 100 followed global bourses lower on Wednesday as concerns over the US-Sino trade dispute returned to rock the markets. Weak US inflation figures boosted rate cut expectations later in the session pulling Wall Street and European bourses off their session lows," said City Index analyst Fiona Cincotta. On the London Stock Exchange, Reckitt Benckiser ended the best blue chip performer, up 4.4% after the household goods maker hired its new chief executive from Pepsico.Pepsico Chief Commercial Officer Laxman Narasimhan will be appointed chief executive designate of Reckitt Benckiser on July 16 and will formally take over incumbent Rakesh Kapoor's role at the beginning of September, Reckitt said.As well as taking up the role of group CEO, Narasimhan will also "directly" lead the Health Business unit.Fresnillo ended up 2.5%, with Mexican gold miner was tracking spot gold prices higher quoted at USD1,334.28 an ounce, up from USD1,325.80 late Tuesday. Midcap peers Hochschild Mining and Centamin closed up 5.2% and 3.7%, respectively. At the other end of the large cap index, British American Tobacco ended the worst performer, down 4.4%, after the cigarette maker left its full-year guidance unchanged, but warned it expects annual global industry sales volume to fall around 3.5%. BAT said it was on track to deliver constant currency revenue growth in the "mid-upper half" of its 3% to 5% long-term guidance range for 2019. BAT also anticipated "good" operating margin improvement in 2019. Hargreaves Lansdown analyst Nick Hyett said falling cigarette volumes are an inevitable fact of the tobacco industry and BAT has been able to offset the decline through a combination of shifting smokers onto higher margin products and hiking prices.However, Hyett highlighted that one of the most potent threats to BAT emanates from increased regulatory scrutiny on the tobacco industry from the US Food & Drug Administration. "The acquisition of Reynolds gave BAT a dominant position in US menthol. That's a segment that's been in regulators sights for some time - thanks to its perceived status as a gateway for new smokers. The FDA are now considering banning them altogether. While many menthol smokers would likely move over to non-menthol products, it would still be a major blow," Hyett noted. Auto Trader closed down 2.4% after UBS cut the digital automotive marketplace to Sell from Neutral on valuation grounds, but said the share price does not reflect execution risks the company may face as it evolves its business. "Auto Trader is also trading at its highest forward price to earnings ratio since early 2016, despite a slow-down in revenue growth in the last two years. We believe the share price does not fairly reflect possible risks to Auto Trader execution, and we downgrade our rating to Sell," UBS analysts said. In the FTSE 250, Provident Financial closed down 6.6% after Canaccord Genuity cut the doorstep lender to Sell from Hold.Saga closed down 4.7% after the over-50s travel and insurance provider said Chief Executive Officer Lance Batchelor will retire with effect from the end of January 2020, when the company's current financial year ends. Batchelor has been in the helm of Saga since 2014.The pound was quoted at USD1.2727 at the London equities close, flat against USD1.2722 at the close Tuesday, as frontrunner in the Conservative Party leadership race Boris Johnson set out his stall.The former foreign secretary fired a warning to MPs that they will face "mortal retribution" from the electorate if they try to prevent Brexit from happening. Johnson insisted he wanted a "sensible, orderly" departure from the European Union but said the UK had to be ready for a no-deal Brexit if it was to get the terms it needed from Brussels.City Index analyst Ken Odeluga said: "Despite the lack of illuminating content revealed during his press conference though, purposeful sterling traders also showed up for the first time in weeks, giving the pound against the dollar its first clear reaction to the contest yet. True, sterling has been on a fair run higher since marking a bottom on the USD1.26 handle last week, but it unmistakeably extended gains to the highest since June 7 during Johnson's comments. In other words a clear cohort of sterling bulls have revealed their hand." "Up till this point the prevailing assumption had been that any political influence that brought the possibility of a no-deal Brexit nearer was anathema to the pound, due to the potentially corrosive impact on the economy. Now, perhaps, sterling's perceived buy case is changing. The pound has flagged the upside in reaction to comments from the Tory candidate who had been synonymous with 'crash-out' risk. The reckoning that a possible resolution of similarly economically corrosive Brexit stalemate was bought."The euro stood at USD1.1320 at the European equities close, flat against USD1.1316 late Tuesday. Stocks in New York were lower at the London equities close, with the DJIA down 0.1%, S&P 500 index down 0.2% and the Nasdaq Composite down 0.3%.On the US economic front, a report form the Labor Department showing tame inflation further fueled expectations that the Federal Reserve may cut interest rates in the near future.The report showed a slowdown in the annual rate of consumer price growth, with the headline index up by 1.8% year-on-year in May compared to the 2.0% increase in April.The annual rate of core consumer price growth also slowed to 2.0% in May from 2.1% in the previous month."Tariff changes may eventually push up some goods prices, while apparel prices should soon rebound," said ING Chief International Economist James Knightley. "But for now, inflation pressures in aggregate remain benign."Brent oil was quoted at USD60.85 a barrel at the London equities close, down sharply from USD62.54 at the close Tuesday. Crude oil fell after the Energy Information Administration reported another build in inventories at 2.2 million barrels for the week to June 7, compared with a build of 6.8 million barrels a week earlier. The consensus estimate was for a drop of 480,000 barrels.The economic events calendar on Thursday has Germany inflation readings at 0700 BST, eurozone industrial production at 1000 BST and US import and export prices at 1330 BST. The UK corporate calendar on Thursday has annual results from paper and packaging company DS Smith, wine retailer Majestic Wine and currency manager Record. There are also first-quarter earnings from supermarket chain Tesco and a trading statement from personal care products maker PZ Cussons.

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26 Mar 2024 17:06

London close: Stocks rise as US consumer confidence remains stable

(Sharecast News) - London markets closed in positive territory on Tuesday, buoyed by a stable US consumer confidence report and anticipation for upcoming inflation data.

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26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

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26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

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26 Mar 2024 11:16

JPMorgan puts Auto Trader on 'negative catalyst watch'

(Sharecast News) - Auto Trader slumped on Tuesday as JPMorgan Cazenove placed the shares on 'negative catalyst watch' ahead of FY24 results in May.

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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22 Mar 2024 09:21

British Land appoints Next's CFO as non-executive director

(Alliance News) - British Land Co PLC on Friday said it has hired fashion retailer Next PLC's chief financial officer, Amanda Jones, as non-executive director, with effect from July 1.

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5 Mar 2024 15:40

New UK car market records strongest February in 20 years

(Alliance News) - The new car market in the UK recorded its strongest February in 20 years, figures show.

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15 Feb 2024 09:53

JPMorgan sees scope for Auto Trader to underperform

(Sharecast News) - JPMorgan Cazenove struck a cautious note on the outlook for Auto Trader on Thursday as it took a look at the UK automotive retail sector.

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19 Jan 2024 15:35

UK dividends calendar - next 7 days

Monday 22 January 
abrdn Diversified Income & Growth PLCdividend payment date
Tuesday 23 January 
no events scheduled 
Wednesday 24 January 
Alpha Real Trust Ltddividend payment date
Baltic Classifieds Group PLCdividend payment date
discoverIE Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Pharos Energy PLCdividend payment date
Thursday 25 January 
abrdn Asian Income Fund Ltdex-dividend payment date
Brickability Group PLCex-dividend payment date
Carr's Group PLCex-dividend payment date
City of London Investment Trustex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corp PLCdividend payment date
Pennon Group PLCex-dividend payment date
RWS Holdings PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
Sirius Real Estate Ltddividend payment date
Smart Metering Systems PLCdividend payment date
Solid State PLCex-dividend payment date
Global Smaller Cos Trust PLCdividend payment date
Tracsis PLCex-dividend payment date
Victrex PLCex-dividend payment date
Volta Finance Ltddividend payment date
Friday 26 January 
abrdn Private Equity Opportunities Trust PLCdividend payment date
Auto Trader Group PLCdividend payment date
Big Yellow Group PLCdividend payment date
Burberry Group PLCdividend payment date
Caledonia Mining Corp PLCdividend payment date
Character Group PLCdividend payment date
Cranswick PLCdividend payment date
Foresight Group Holdings Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
IntegraFin Holdings PLCdividend payment date
International Biotechnology Trust PLCdividend payment date
Iomart Group PLCdividend payment date
James Latham PLCdividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Montanaro European Smaller Cos Trust PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Templeton Emerging Markets Investment Trust PLCdividend payment date
Ultimate Products PLCdividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Walker Crips Group PLCdividend payment date
  
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.

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17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

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28 Dec 2023 15:54

UK dividends calendar - next 7 days

Friday 29 December 
Alliance Trust PLCdividend payment date
DFS Furniture PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend payment date
Global Smaller Cos Trust PLCex-dividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Imperial Brands PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
NextEnergy Solar Fund Ltddividend payment date
Palace Capital PLCdividend payment date
PayPoint PLCdividend payment date
Pollen Street PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
Monday 1 January 
no events scheduled 
Tuesday 2 January 
Blackrock Sustainable American Income Trust PLCdividend payment date
Fuller Smith & Turner PLCdividend payment date
Land Securities Group PLCdividend payment date
Wednesday 3 January 
Bunzl PLCdividend payment date
FirstGroup PLCdividend payment date
Next PLCdividend payment date
QinetiQ Group PLCex-dividend payment date
Thursday 4 January 
Artemis Alpha Trust PLCex-dividend payment date
Auto Trader Group PLCex-dividend payment date
AVI Global Trust PLCspecial dividend payment date
AVI Global Trust PLCdividend payment date
Baillie Gifford European Growth Trust PLCex-dividend payment date
Big Yellow Group PLCex-dividend payment date
Blackrock Frontiers Investment Trust PLCex-dividend payment date
Braemar PLCex-dividend payment date
Caledonia Investments PLCdividend payment date
Castings PLCdividend payment date
Cohort PLCex-dividend payment date
CT Private Equity Trust PLCex-dividend payment date
CT UK High Income Trust PLCex-dividend payment date
Dr Martens PLCex-dividend payment date
Experian PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Great Portland Estates PLCdividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Henderson European Focus Trust PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Iomart Group PLCex-dividend payment date
James Latham PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Severfield PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
Town Centre Securities PLCdividend payment date
Triad Group PLCex-dividend payment date
Walker Crips Group PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Dec 2023 09:26

LONDON BROKER RATINGS: JPMorgan raises Rio Tinto to 'overweight'

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

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6 Dec 2023 09:19

LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

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

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29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

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

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