Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCWD.L Share News (CWD)

  • There is currently no data for CWD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: UK stocks subdued on US Thanksgiving as resources in focus

Thu, 24th Nov 2016 16:41

(ShareCast News) - UK stocks were in cautious form all day Thursday, with global markets generally subdued as traders in the US put their feet up for a Thanksgiving break.The FTSE 100 closed up 0.17% to 6,829.20. The FTSE 250 ended the session down 0.18% to 17,590.62.On the blue-chip upside, several mining and pharma stocks featured, while to the downside the story was written around US rates-sensitive utilities, banks and property.Oil majors were broadly flat, with investors looking to OPEC's meeting on 30 November in Vienna with a hope the cartel will introduce a production cap. This saw crude trade sideways.At about 16:28 GMT, West Texas Intermediate was up 0.06% to $47.99 a barrel, while Brent was up 0.02% to $48.96 a barrel.Jasper Lawler, market analyst at CMC Markets, said the thinner trading volumes on Thanksgiving meant there was minimal movement across European stock markets. "UK equities under-performed those in mainland Europe, which were slightly higher as German GDP data fell in the third quarter in line with expectations," he said.Lawler added that there were some some signs European institutions were waking up to rising populism in their midst."The ECB used its Financial Stability Review to issue a warning on increasing political uncertainty," he said, noting the FTSE 100 was stuttering around the 6800 level.Meantime, lawmakers in the European Parliament have voted to adopt a non-binding motion to freeze Turkey's accession to the EU, after a government crackdown on dissent following the failed coup in the country earlier this year.Chris Beauchamp, chief market analyst at IG, opined that the FTSE was in a holding pattern throughout Thursday, this due to the absence of cue from the US."Strength in metals prices has once again done wonders for the mining sector, with copper having staged a remarkable rebound from an equally remarkable selloff earlier in November," he said."The entire afternoon has had a sense of children playing about without adult supervision, with this especially clear in currency markets."In corporate news, Legal & General firmed on the sale of its Netherlands business to London-listed pensions firm Chesnara for €160m.Water company Severn Trent rose as it posted a 10.8% jump in interim profits before interest and tax to £299.4m.Rio Tinto nudged up after chief executive Jean-Sebastien Jacques said the mining giant can boost cash flow by $5m over the next five years by a new "productivity drive".Shares in Domino's Pizza advanced after it increased its long-term target for expanding its UK store presence and reiterated its guidance for 2016 pre-tax profit.Pub-operator Marston's advanced as it said pre-tax profit and revenue for the year to 1 October grew.On the downside, Countrywide tumbled as it issued its second profit warning this year, saying core earnings for 2016 would take a hit as a result of the UK's vote to quit the EU. The stock fell sharply Wednesday after the Autumn Statement clampdown on estate agent lettings fees.Pets at Home fell despite reporting a rise in first-half pre-tax profit and revenues and lifting its interim dividend.HSS Hire was sharply lower as it said it now expects earnings before interest, taxes and amortisation for the year to be above the prior year but below market views.Market MoversFTSE 100 (UKX) 6,829.20 0.17%FTSE 250 (MCX) 17,590.62 -0.18%techMARK (TASX) 3,294.36 0.52%FTSE 100 - RisersDirect Line Insurance Group (DLG) 358.30p 2.84%Antofagasta (ANTO) 720.00p 2.57%Ashtead Group (AHT) 1,496.00p 2.47%CRH (CRH) 2,706.00p 2.15%InterContinental Hotels Group (IHG) 3,308.00p 1.78%Merlin Entertainments (MERL) 437.90p 1.77%Anglo American (AAL) 1,254.00p 1.33%Intertek Group (ITRK) 3,221.00p 1.29%Polymetal International (POLY) 750.50p 1.28%3i Group (III) 674.00p 1.28%FTSE 100 - FallersNational Grid (NG.) 909.90p -2.34%easyJet (EZJ) 1,022.00p -2.29%International Consolidated Airlines Group SA (CDI) (IAG) 440.50p -2.24%DCC (DCC) 6,200.00p -1.98%Travis Perkins (TPK) 1,401.00p -1.62%Babcock International Group (BAB) 943.50p -1.31%Johnson Matthey (JMAT) 3,185.00p -1.21%Mediclinic International (MDC) 724.00p -1.16%Severn Trent (SVT) 2,209.00p -1.07%Persimmon (PSN) 1,729.00p -0.97%FTSE 250 - RisersDomino's Pizza Group (DOM) 340.50p 3.21%Cobham (COB) 168.00p 3.19%Mitie Group (MTO) 207.90p 3.18%Marshalls (MSLH) 298.00p 2.87%Thomas Cook Group (TCG) 80.90p 2.41%Tullett Prebon (TLPR) 430.00p 2.14%ICAP (IAP) 490.50p 2.02%Daejan Holdings (DJAN) 5,850.00p 1.83%Halma (HLMA) 973.50p 1.78%Big Yellow Group (BYG) 665.00p 1.76%FTSE 250 - FallersCountrywide (CWD) 169.50p -12.58%UDG Healthcare Public Limited Company (UDG) 614.50p -6.68%Paragon Group Of Companies (PAG) 346.50p -6.48%Pets at Home Group (PETS) 222.70p -4.71%Euromoney Institutional Investor (ERM) 1,014.00p -4.38%TalkTalk Telecom Group (TALK) 155.40p -4.07%Evraz (EVR) 259.60p -4.06%Mitchells & Butlers (MAB) 246.10p -3.98%Restaurant Group (RTN) 343.60p -3.94%FirstGroup (FGP) 102.90p -3.74%
More News
11 Nov 2020 15:57

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
9 Nov 2020 12:05

LONDON MARKET MIDDAY: Stocks Rise As Biden Moves To Take Charge In US

LONDON MARKET MIDDAY: Stocks Rise As Biden Moves To Take Charge In US

Read more
9 Nov 2020 10:58

UK WINNERS & LOSERS SUMMARY: Countrywide Jumps 43% On Takeover Offer

UK WINNERS & LOSERS SUMMARY: Countrywide Jumps 43% On Takeover Offer

Read more
9 Nov 2020 10:21

Countrywide Gets GBP82 Million Takeover Approach From Connells

Countrywide Gets GBP82 Million Takeover Approach From Connells

Read more
9 Nov 2020 07:26

Countrywide surges after Connells makes 250p a share approach

(Sharecast News) - Countrywide shares surged on Monday after it said real estate management company Connells had made an early stage approach to buy the real estate agent for 250p a share in cash.

Read more
22 Oct 2020 14:50

IN BRIEF: Countrywide Posts Wider Loss, Bags GBP90 Million Investment

IN BRIEF: Countrywide Posts Wider Loss, Bags GBP90 Million Investment

Read more
22 Oct 2020 08:14

Countrywide secures £90m lifeline after striking deal with Alchemy, shares slide

(Sharecast News) - Countrywide has secured a £90m lifeline, the estate agent and property services firm confirmed on Thursday, as it looks to cut debt and shore up its balance sheet.

Read more
20 Aug 2020 10:42

Countrywide Shareholder Calls For Changes Including CEO Appointment

Countrywide Shareholder Calls For Changes Including CEO Appointment

Read more
6 Jul 2020 11:59

LONDON MARKET MIDDAY: Stocks Rise As Investors Bet On Economic Rebound

LONDON MARKET MIDDAY: Stocks Rise As Investors Bet On Economic Rebound

Read more
26 Jun 2020 11:44

Countrywide Performance Proves "Resilient" So Far But No Guidance Yet

Countrywide Performance Proves "Resilient" So Far But No Guidance Yet

Read more
26 Jun 2020 08:47

Countrywide transactions increase following easing of lockdowns

(Sharecast News) - Residential property services provider Countrywide said on Friday that it had lost around 30% of its income due to the Government's lockdown measures, but added that it has seen increased transactions in the housing market following the easing of social distancing rules.

Read more
19 Jun 2020 16:04

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
22 May 2020 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
21 May 2020 10:22

Countrywide earning rise in first four months of 2020

(Sharecast News) - Countrywide said earnings at continuing operations for the first four months of 2020 were well ahead of the year before as the estate agent group reported an increase in underlying profit for 2019.

Read more
24 Mar 2020 14:16

TOP NEWS: Further UK Companies Agree Results Delay On Regulator Advice

TOP NEWS: Further UK Companies Agree Results Delay On Regulator Advice

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.