Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAuto Trader Share News (AUTO)

Share Price Information for Auto Trader (AUTO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 695.40
Bid: 696.40
Ask: 696.80
Change: 6.80 (0.99%)
Spread: 0.40 (0.057%)
Open: 693.40
High: 698.20
Low: 689.80
Prev. Close: 688.60
AUTO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET OPEN: Stocks Open Higher As Aviva Sets New Course

Thu, 06th Jun 2019 08:57

LONDON (Alliance News) - Stock prices in London opened broadly in the green Thursday with blue-chips led by Aviva and mid-caps by Entertainment One. The FTSE 100 index was up 34.04 points, or 0.5%, at 7,254.28 early Thursday. The mid-cap FTSE 250 index was up 56.11 points, or 0.3%, at 19,128.28. The AIM All-Share index was down marginally at 939.40.The Cboe UK 100 index was up 0.5% at 12,305.55. The Cboe 250 was up 0.3% at 17,185.65, and the Cboe Small Companies was down 0.1% at 11,711.38.Sterling was quoted at USD1.2678 early Thursday, lower than USD1.2725 at the London equities close on Wednesday.In mainland Europe, the CAC 40 in Paris was flat while the DAX 30 in Frankfurt was up 0.1% in early trading. The euro was quoted at USD1.1230 early, lower from USD1.1257 at the European equities close yesterday.Later Thursday, the European Central Bank Governing Council meets in the Lithuanian capital of Vilnius, announcing its latest policy decision at 1245 BST. This will be followed by a press conference with ECB President Mario Draghi at 1330 BST.Analysts expect the ECB to maintain a dovish stance, while focus for investors will likely be on details of the central bank's latest round of targeted longer-term refinancing operations, as well as the latest round of economic projections."With investors already anticipating the central bank to be dovish, we might not see too much of a reaction. In fact, the bigger risk as far as the markets are concerned is if the ECB turns out to be surprisingly less dovish than expected, although that would indeed be a big surprise given the cooling of inflation and anaemic growth in the eurozone, not to mention ongoing Brexit and trade uncertainties," said Forex.com analyst Fawad Razaqzada.Added analysts at Daiwa Capital Markets: "All eyes today will be on the conclusion of the ECB's latest policy meeting. The meeting will be the first to be conducted under the ECB's new chief economist, Philip Lane, who replaced Peter Praet at the start of the month. Among other things, the meeting will be watched closely for the updated staff economic forecasts and additional details for the pricing of the forthcoming TLTRO-III liquidity operations, due to start in September."While the central bank's updated economic forecasts might well be little changed from three months ago, the Governing Council's guidance on future policy will be watched closely not least given the recent slide in market-based measures of inflation expectations close to record lows."On the London Stock Exchange, Aviva was among the early gainers in the FTSE 100, rising 1.7%, after the insurer said it will separate its UK businesses and cut 1,800 jobs over next three years as part of a plan to simplify the business, reduce costs and remove duplication. The insurer, which is hosting a investor presentation later on Thursday, intends to separate its life and general insurance businesses in the UK, with the online direct business being integrated into UK general insurance unit.Angela Darlington has been appointed interim chief executive officer of UK Life and Colm Holmes is appointed chief executive officer of general insurance. The company also intends to reduce costs by GBP300 million per annum by 2022 through lower central costs, savings in contractor and consultant spending, reduction in project expenditure and other efficiencies. The cost savings is expected to lead to 1,800 job cuts over the next three years, out of a total workforce of around 30,000. Rolls Royce and Legal & General were both higher in early trade, gaining 1.1% and 1.3%, respectively, after Rolls-Royce Holdings transferred around GBP4.1 billion of pension risk liabilities to L&G.The jet engine maker said its UK pension trustee has completed a deal to transfer pension risk liabilities to Legal & General Assurance Society Ltd, a unit of Legal & General Group. The deal covers the transfer of assets and liabilities relating to around 33,000 pensioners who are members of the Rolls-Royce UK Pension Fund, out of a total of 76,000 members.Alongside the transfer of around GBP4.1 billion of liabilities to Legal & General, the Rolls-Royce pension trustee will also transfer around GBP4.6 billion in assets. The transaction will result in a reduction in Rolls-Royce's net assets by around GBP500 million. Rolls-Royce will continue to maintain its funding of its remaining pension plans unchanged. Legal & General has transacted over GBP6.2 billion of global pension risk transfer in the year to date versus GBP700 million in the same period a year ago.Anchoring the blue chip index were J Sainsbury, Kingfisher and Vodafone as all three stocks went ex-dividend Thursday. The supermarket was down 3.5%, the D&Y store chain down 2.8% and the mobile operator down 2.3%.Auto Trader was off 1.6% despite saying it is confident of meeting its growth expectations in its recently started financial year after reporting double-digit growth in annual profit. The automotive marketplace revealed a 15% increase in pretax profit for the year to the end of March to GBP242.2 million from GBP210.7 million the year before, including GBP8.7 million profit recognised on disposal of its Smart Buying platform.Revenue climbed 7.6% to GBP355.1 million from GBP330.1 million, with average revenue per retailer improving to GBP1,844 per month in financial 2019 from GBP1,695 the year before. Looking ahead, Chief Executive Trevor Mather said: "The new financial year has started well, and despite the continued wider market uncertainty, the board is confident of meeting its growth expectations for the year."Rising sharply to the top of the FTSE 250 index was Entertainment One, gaining 14% after announcing that President & Chief Content Officer Mark Gordon will be staying at the company, contrary to reports in media industry magazine Variety. Entertainment One said Gordon will be a part of the company "both now and into the future".Go-Ahead added 8.1% in early trade. The transport operator said it saw revenue growth across all three of its operation divisions in 2019 to date. Go-Ahead's full-year expectations for its London & International bus division have been increased due to a "strong operating performance". Go-Ahead said it seen "high levels of punctuality" across all of its divisions in the year to date. Mitchells & Butlers was up 4.1% following German investment bank Berenberg upgrading the stock to Buy from Hold.SIG was languishing at the bottom of the FTSE 250, down 2.0%. The stock went ex-dividend Thursday.Elsewhere on the London Stock Exchange, CMC Markets was down 2.6% after the company's profit in its most recently ended financial year took a hard hit from new European regulations and a reduction in overall client volumes. Pretax profit of GBP6.3 million for the year that ended on March 31, down 89% from GBP60.1 million reported a year earlier, as net operating income fell by 30% to GBP130.8 million from GBP187.1 million.The company explained that it had a "difficult" year due to the introduction of new measures by the European Securities & Markets Authority in July and August 2018, which caused many clients in the UK and Europe to stop trading or trade less.Revenue per active client was 30% lower at GBP2,068 compared to GBP2,964 a year ago, while the number of active clients declined by 10% to 53,308 from 59,165. CMC proposed a final dividend of 0.68 pence, resulting in a full year dividend of 2.03p, down 77% from 8.9p paid the year earlier. In addition, CMC confirmed that Chief Operating & Financial Officer Grant Foley will step down on Friday to pursue other opportunities. The departure was first announced in early April.At the time, CMC said it will "run a rigorous process" to find a replacement, but a successor was not yet named. Head of Finance Euan Marshall was named interim CFO.In Asia on Thursday, the Japanese Nikkei 225 index closed marginally down. In China, the Shanghai Composite closed down 1.2%, while the Hang Seng index in Hong Kong is down 0.1%.The economic events calendar on Thursday has EU first-quarter GDP at 1000 BST, with the US issuing its April trade balance and jobless claims for May at 1330 BST.

More News
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.

Read more
26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

*

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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:

Read more
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.

Read more
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:

Read more
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:

Read more
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:

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.