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Share Price Information for Auto Trader (AUTO)

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Share Price: 735.40
Bid: 735.20
Ask: 735.60
Change: 12.40 (1.72%)
Spread: 0.40 (0.054%)
Open: 731.00
High: 736.60
Low: 730.60
Prev. Close: 723.00
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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.

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25 May 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 26 May 
Amaroq Minerals LtdQ1 Results
Associated British EngineeringHalf Year Results
Caffyns PLCFull Year Results
CT Capital & Income Investment Trust PLCHalf Year Results
HarbourVest Global Private Equity LtdFull Year Results
IntegraFin Holdings PLCHalf Year Results
Volvere PLCFull Year Results
Worldwide Healthcare Trust PLCFull Year Results
Monday 29 May 
no events scheduled 
Tuesday 30 May 
Corre Energy BVFull Year Results
Greencore Group PLCHalf Year Results
Hollywood Bowl Group PLCHalf Year Results
Oxford BioDynamics PLCHalf Year Results
Silver Bullet Data Services Group PLCFull Year Results
Softcat PLCTrading Statement
SpaceandPeople PLCFull Year Results
Tremor International LtdQ1 Results
Wednesday 31 May 
B&M European Value Retail SAFull Year Results
Bloomsbury Publishing PLCFull Year Results
DP Eurasia NVTrading Statement
Impax Asset Management Group PLCHalf Year Results
Ithaca Energy PLCQ1 Results
NWF Group PLCTrading Statement
Premier Miton Group PLCHalf Year Results
Tern PLCFull Year Results
WH Smith PLCTrading Statement
Thursday 1 June 
Auto Trader Group PLCFull Year Results
Dr Martens PLCFull Year Results
Pennon Group PLCFull Year Results
Trinity Exploration & Production PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Apr 2023 09:38

LONDON BROKER RATINGS: JPMorgan raises Auto Trader to 'neutral'

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

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4 Apr 2023 07:52

LONDON BRIEFING: Rathbone to merge with Investec's UK wealth arm

(Alliance News) - Stocks in London were called to open higher on Tuesday, after the Reserve Bank of Australia decided to pause interest rate hikes, while Rathbones and Investec agreed a combination to create a UK wealth manager with GBP100 billion in assets.

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15 Mar 2023 13:24

UK BUDGET: Chancellor says "plan is working" as UK to avoid recession

(Alliance News) - The UK will avert a recession this year, Chancellor Jeremy Hunt said on Wednesday, as he set out a GBP94 billion package to help households weather the cost-of-living crisis as part of his spring budget.

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30 Jan 2023 09:16

LONDON BROKER RATINGS: Barclays raises Auto Trader to 'overweight'

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30 Jan 2023 07:55

LONDON BRIEFING: Unilever hires dairyman as CEO; Wilson to depart L&G

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25 Jan 2023 09:33

LONDON BROKER RATINGS: Goldman likes UK banks; HSBC cuts Dr Martens

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

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20 Jan 2023 15:45

UK dividends calendar - next 7 days

Monday 23 January 
no events scheduled 
Tuesday 24 January 
no events scheduled 
Wednesday 25 January 
Baltic Classifieds Group PLCdividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Thursday 26 January 
AEW UK REIT PLCex-dividend payment date
Artemis Alpha Trust PLCdividend payment date
Bankers Investment Trust PLCex-dividend payment date
Centaur Media PLCspecial ex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corpdividend payment date
North Atlantic Smaller Cos Investment Trust PLCex-dividend payment date
Pennon Group PLCex-dividend payment date
RWS Holdings PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
Smart Metering Systems PLCdividend payment date
WH Smith PLCdividend payment date
Friday 27 January 
AB Dynamics PLCdividend payment date
abrdn Latin American Income Fund Ltddividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
Appreciate Group PLCdividend payment date
Auto Trader Group PLCdividend payment date
Burberry Group PLCdividend payment date
Cranswick PLCdividend payment date
Currys PLCdividend payment date
Foresight Group Holdings Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
Impellam Group PLCspecial dividend payment date
IntegraFin Holdings PLCdividend payment date
International Biotechnology Trust PLCdividend payment date
iomart Group PLCdividend payment date
Majedie Investments PLCdividend payment date
Majedie Investments PLCspecial dividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Redcentric PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Shires Income PLCdividend payment date
Templeton Emerging Markets Investment Trust PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
UP Global Sourcing Holdings PLCdividend payment date
Value and Indexed Property Income Trust PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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19 Jan 2023 09:38

LONDON BROKER RATINGS: Goldman Sachs cuts Relx but raises WPP

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29 Dec 2022 13:41

UK dividends calendar - next 7 days

Friday 30 December 
Alliance Trust PLCdividend payment date
Atlantis Japan Growth Fund Ltddividend payment date
CT Property Trust Ltddividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend 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
PayPoint PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Record PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
Wincanton PLCdividend payment date
Monday 02 January 
no events scheduled 
Tuesday 03 January 
AVI Global Trust PLCdividend payment date
Blackrock Sustainable American Income Trust PLCdividend payment date
Fuller Smith & Turner PLCdividend payment date
Land Securities Group PLCdividend payment date
Next PLCdividend payment date
Wednesday 04 January 
Braemar PLCdividend payment date
Bunzl PLCdividend payment date
Great Portland Estates PLCdividend payment date
LXI REIT PLCdividend payment date
Tate & Lyle PLCdividend payment date
Thursday 05 January 
abrdn Latin American Income Fund Ltdex-dividend payment date
abrdn New Dawn Investment Trust PLCex-dividend payment date
abrdn Smaller Companies Income Trust PLCex-dividend payment date
Auto Trader Group PLCex-dividend payment date
Baillie Gifford European Growth Trust PLCex-dividend payment date
Blackrock Frontiers Investment Trust 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
Henderson European Focus Trust PLCex-dividend payment date
Henderson European Focus Trust PLCspecial ex-dividend date  
Impellam Group PLCspecial ex-dividend date  
iomart Group PLCex-dividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend payment date
Montanaro European Smaller Cos Trust PLCdividend payment date
Murray International Trust PLCex-dividend payment date
Qinetiq Group PLCex-dividend payment date
Severfield PLCex-dividend payment date
Shires Income PLCex-dividend payment date
Smart Metering Systems PLCex-dividend payment date
UP Global Sourcing Holdings PLCex-dividend payment date
Walker Crips Group PLCex-dividend payment date
WH Smith PLCex-dividend payment date
Workspace Group PLCex-dividend payment date
XPS Pensions Group PLCex-dividend payment date
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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TOP NEWS: Auto Trader achieves double-digit interim revenue rise

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