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Share Price: 449.80
Bid: 449.80
Ask: 451.20
Change: 11.60 (2.65%)
Spread: 1.40 (0.311%)
Open: 441.60
High: 451.00
Low: 433.20
Prev. Close: 438.20
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LONDON MARKET PRE-OPEN: Gatwick Drone Hits easyJet Passengers Numbers

Tue, 22nd Jan 2019 07:46

LONDON (Alliance News) - Stock prices in London are set to open lower on Tuesday following a downbeat global economic outlook by the IMF and ahead of the latest UK average earnings and employment data release.In early UK company news, easyJet guided for its full-year performance to be in line with market expectations but passenger numbers were held back by the drone incident at Gatwick airport over Christmas. Dixons Carphone reported "good" Christmas sales, in line with expectations, which saw the mobile phone and consumer electronics retailer produce record sales against a "tough backdrop".IG says futures indicate the FTSE 100 index of large-caps to open 26.39 points or 0.4% lower on Tuesday at 6,944.20. The FTSE 100 index closed up 2.26 points at 6,970.59 on Monday.Stock markets in the US were closed on Monday for Martin Luther King Jr Day and will re-open on Tuesday.In Asia on Tuesday, the Japanese Nikkei 225 index closed down 0.5%. In China, the Shanghai Composite closed down 1.2%, while the Hang Seng index in Hong Kong is down 1.1% in late trade."With no lead from the US, which was closed for the Martin Luther King public holiday, Asian markets dropped lower overnight. The latest report from the IMF confirming the markets' fears over slowing global growth gave traders few reasons to cheer," said Jasper Lawler, head of research at London Capital Group.Lawler added: "The latest IMF report cut global growth to the slowest level in three years, citing the slowing Chinese economy and Brexit as causes for concern. The fund also pointed to weakness in Japan and the eurozone and warned over the impact of trade tensions. The IMF report comes hot on the heels of China reporting the slowest annual economic growth since 1990."In its World Economic Outlook on Monday, the International Monetary Fund cut its estimate for global growth in 2019, highlighting US-China trade tensions and the risk of a no-deal Brexit in Europe.The report estimated global growth in 2018 at 3.7%, in line with the forecast made in October. However, signs of a slowdown in the second half of 2018 are expected to carry over to coming quarters.Global growth is projected to grow 3.5% in 2019, before picking up slightly to 3.6% in 2020. In October, global growth had been seen at 3.7% in 2019 and 3.7% in 2020.In the economic calendar on Tuesday are UK average earnings and unemployment rate, both due at 0930 GMT.Average earnings for the three months to January are expected to rise 3.3% on an annual basis, while the jobless rate is forecast to remain steady at 4.1%.Sterling was quoted at USD1.2870 early Tuesday ahead of the data, lower than USD1.2899 at the London equities close on Monday.easyJet's first-quarter revenue was up 14% on a year before to GBP1.30 billion with passenger revenue up 12% to GBP1.03 billion.The budget airline's passenger numbers in the quarter increased 15% to 21.6 million, which easyJet said was driven by an increase in capacity of 18% to 24.1 million. Passenger numbers and capacity were both "slightly" below easyJet's expectations. The lower numbers were attributed to the drone incided in late December which shut London Gatwick for several days, as well as the late arrival of A321 deliveries from Airbus.Easyjet's load factor in the quarter decreased by 2 percentage points to 89.7%. Total revenue per seat decreased by 4.2%.Blue chip miner BHP Group reported a number of operational difficulties during its first half, though it upgraded copper production guidance nonetheless.For the six months to December, BHP's copper output fell 1% year-on-year to 825,000 tonnes. For the second quarter, production was down 3% year-on-year but up 2% quarter-on-quarter to 416,000 tonnes. Copper guidance for the year ending June has been increased to between 1.65 million tonnes and 1.74 million tonnes, from 1.62 million tonnes and 1.71 million tonnes before.BHP said copper production was helped by "record" production at Cerro Colorado and higher volumes at Spence, though expected lower grades at Escondida did hurt volumes. All three are in Chile. Dixons Carphone's like-for-like sales in the 10 weeks ended January 5 were up 1%, with reported revenue flat. The FTSE 250-listed retailer said like-for-like UK & Ireland electrical sales were up 2%, but mobile sales in the region were down 7%.Like-for-like International sales were up 5%, with reported revenue growth of 4%."Peak trading was solid and in line with expectations, producing record sales against a tough backdrop. We continued to grow our leading electrical market positions in all territories, online and in-store. In UK mobile, performance was as expected. Overall, our Peak trading was disciplined and well-executed, with stable gross margins," said Chief Executive Officer Alex Baldock.Dixons Carphone reiterated its full-year profit target of GBP300 million.A "significant" change in regulation saw IG Group's first-half profit decrease.IG Group reported an interim pretax profit decrease of 17% to GBP113.0 million from GBP136.2 million a year before. The firm's net trading revenue decreased 6% to GBP251.0 million from GBP268.4 million.IG CEO June Felix said: "IG has experienced significant change and will continue to do so in the future. Change will be driven by regulation, by shifting patterns of wealth, and by the continued development of financial markets around the world."IG reiterated its intention to maintain a 43.2 pence annual dividend.Merchant bank Close Brothers said its first-half performance was solid notwithstanding the "difficult trading conditions" in its sector.Close Brothers said its loan book grew 3.1% in the period to GBP7.5 billion and its Banking division continued to perform well, in line with expectations.Negative market movements decreased Close Brothers' assets under management as at December 31 by 3% to GBP10.0 billion.Primary care property investor and developer Assura said, at December 31, it now owns 553 medical centres with a total annualised rent of GBP99.8 million, up from GBP97.0 million at September 30.CEO Jonathan Murphy said: "We are pleased to provide another positive trading update on our business, with GBP67 million of additions to the portfolio in the last three months helping grow our rent roll to GBP99.8 million. Meanwhile we continue to replenish our pipeline of acquisitions and developments which currently stands at GBP170 million."As a result of its "successful growth" in the quarter, Assura is increasing its dividend by 5% to 0.685 pence per quarter, starting from January. UK Prime Minister Theresa May faces fresh clashes in the House of Commons over launching a second Brexit referendum and blocking a no-deal.Labour wants Parliament to be given the option to back a national poll on Brexit when MPs vote on the government's EU exit stance next week.An amendment to the prime minister's Brexit motion calls for a vote on backing Labour's plan for a customs union with the EU, and whether to legislate "to hold a public vote on a deal or a proposition" supported by a Commons majority.The move came is it was understood that Work & Pensions Secretary Amber Rudd had urged Downing Street to allow Tory MPs a free vote on moves aimed at preventing a no deal, amid fears that dozens of ministers could otherwise resign.Meanwhile, the Daily Telegraph reported that Tory HQ has been effectively put on a snap general election "war footing" due to the Brexit situation in Parliament.Elsewhere in the economic calendar on Tuesday, Germany's ZEW economic sentiment survey is at 1000 GMT, while the eurozone ZEW survey is due out at the same time. The World Economic Forum continues in Davos on Tuesday.

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22 May 2024 10:27

Close Brothers sees strong demand despite some pockets of weakness

(Alliance News) - Close Brothers Group PLC on Wednesday said it was encouraged by ongoing strong demand despite a "moderation" in some of its businesses.

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22 May 2024 08:51

Close Brothers warns of higher full-year costs

(Sharecast News) - Close Brothers Group reported a steady performance across its divisions in the third quarter on Wednesday, but warned of higher costs for the rest of the financial year.

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15 May 2024 16:03

UK earnings, trading statements calendar - next 7 days

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
Friday 17 May 
Land Securities Group PLCFull Year Results
XLMedia PLCFull Year Results
Monday 20 May 
Kainos Group PLCFull Year Results
Likewise Group PLCFull Year Results
Nexxen International LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Union Jack Oil PLCFull Year Results
Tuesday 21 May 
Assura PLCFull Year Results
Atalaya Mining PLCQ1 Results
Avon Protection PLCHalf Year Results
Caledonia Investments PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cranswick PLCFull Year Results
Diaceutics PLCFull Year Results
FD Technologies PLCFull Year Results
Greencore Group PLCHalf Year Results
Ixico PLCHalf Year Results
Kingfisher PLCTrading Statement
Pennon Group PLCFull Year Results
Smiths Group PLCTrading Statement
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Wednesday 22 May 
4imprint Group PLCTrading Statement
British Land Co PLCFull Year Results
Close Brothers Group PLCTrading Statement
Hardide PLCHalf Year Results
HICL Infrastructure PLCFull Year Results
Marks & Spencer Group PLCFull Year Results
Regional REIT LtdTrading Statement
RS Group PLCFull Year Results
Severn Trent PLCFull Year Results
SSE PLCFull Year Results
STS Global Income & Growth Trust PLCFull Year Results
  
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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24 Apr 2024 14:19

UK earnings, trading statements calendar - next 7 days

Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
Loungers PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham House Energy Storage Fund PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Close Brothers Group PLCTrading Statement
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Strip Tinning Holdings PLCFull Year Results
Whitbread PLCFull Year Results
Wednesday 1 May 
Computacenter PLCTrading Statement
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew 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.

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10 Apr 2024 15:00

London close: Stocks finish higher as US inflation tops forecasts

(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.

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9 Apr 2024 12:20

PRESS: Barclays mounts challenge to UK car finance ruling - Sky

(Alliance News) - Barclays PLC has launched a legal challenge over a ruling that it unfairly paid commission to a car finance broker, Sky News reported late Monday.

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1 Apr 2024 06:32

UK car finance firms face 'headache' of potential compensation claims

(Alliance News) - Millions of claims could be lodged by UK drivers who may have overpaid on their car finance, as the emerging issue has the potential to be "on par" with the PPI scandal, a consumer compensation expert has said.

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22 Mar 2024 14:57

Directors dealings: Close Brothers Group non-exec picks up some shares

(Sharecast News) - Sally Williams, a non-executive director at Close Brothers Group, picked up some shares in the UK merchant banking group.

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20 Mar 2024 16:53

London close: Stocks mixed ahead of Fed, BoE decisions

(Sharecast News) - London markets closed with a mixed but little-changed performance on Wednesday, as investors digested a larger-than-expected slowdown in UK inflation.

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20 Mar 2024 09:31

Berenberg lifts Close Brothers target as regulatory risks reduce

(Sharecast News) - Shares in Close Brothers Group continued to surge on Wednesday after the merchant bank's first-half results in which the company eased investors' concerns about an upcoming regulatory probe, with Berenberg providing an extra boost after lifting its target price for the stock.

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19 Mar 2024 16:23

London close: Stocks mixed as Japan ends negative rate policy

(Sharecast News) - London markets closed with a mixed performance on Tuesday, as investors weighed the implications of Japan's decision to end negative interest rates against upcoming policy announcements from the US Federal Reserve and the Bank of England later in the week.

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19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

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19 Mar 2024 09:36

Close Brothers acts to strengthen capital amid motor probe uncertainty

(Alliance News) - Close Brothers Group PLC on Tuesday announced plans to bolster its financial position as it grapples with the uncertainties of the probe into commission payments in the UK motor finance industry.

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19 Mar 2024 09:07

LONDON MARKET OPEN: Unilever up as splits off ice cream arm

(Alliance News) - Stock prices in London lacked direction at the open on Tuesday, as investors digested interest rate decisions from Japan and Australia.

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19 Mar 2024 07:58

Close Brothers shares surge on £400m capital plan

(Sharecast News) - Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures - including the suspension of dividends - to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.

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