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London pre-open: Flat start ahead of US jobs data

Fri, 07th Mar 2014 07:18

- Flat start for FTSE- US stocks end broadly higher- Focus on US jobs data, quiet day for CityA broadly flat start is expected on the London stock market today, as investors await key jobs data out from the US on what is set to be a notably quiet day for both companies and the wider economy on this side of the Pond. City sources predict the FTSE 100 will open just two points higher than yesterday's close of 6,788.49.US stock markets finished mostly higher on Thursday with the S&P 500 hitting yet another record after jobless claims fell more than expected. The data revealed 323,000 Americans applied for unemployment benefits in the week to February 28th, compared to 349,000 a week earlier. Economists had expected 336,000 claims. Today's focus will be on the release of the non-farm payrolls report and unemployment rate. Analysts expect the Labor Department's official non-farm payrolls data to show US employers added 150,000 jobs in February, compared to 113,000 a month earlier. The jobless rate is forecast to hold at 6.6%.It comes after the ADP on Wednesday released its report which unveiled the private sector added 139,000 jobs in February, falling short of economists' estimates for a gain of 160,000 jobs. January's number was revised downward by 48,000 to 127,000 jobs.In other news due out today, Germany, Europe's biggest manufacturer, is set to publish its industrial production figures for January. According to HSBC, a rise of 0.5% is on the cards. In this morning's company announcements, AGA Rangemaster revealed its annual revenues rose 2.4% to £250.4m as the oven maker reaped the rewards of an upswing in the housing sector. The company, which manufacturing a range of kitchen appliances, reported a 26.2% rise in operating profits to £8.2m in the year through December 2013.Escher Group, which provides outsourced, point-of-service software to the postal industry, has signed a contract with international food retail chain, Just Falafel, for the provision of a loyalty, coupon and pre-payment solution across its retail outlets in the UK. The solution will launch in March in a London store, followed by a rollout in all Just Falafel stores throughout the UK.Brightside Group , the AIM-listed insurance broking and financial services group, has ramped up its business partnership with Wal-Mart-owned UK supermarket chain Asda. The company, which provides fully serviced car and commercial vehicle insurance through Asia, is extending its existing partnership with the grocer for a further three years. NR
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11 May 2018 11:01

Exeter Acquisition Closes Offer To Acquire Escher With 99% Acceptances (ALLISS)

LONDON (Alliance News) - Escher Group Holdings PLC said on Friday that investment vehicle Exeter Acquisition Ltd has closed the offer to wholly acquire the software company, following the offer in

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26 Apr 2018 13:11

Escher Group To Cancel AIM Shares As Exeter Seeks To Close Acquisition (ALLISS)

LONDON (Alliance News) - Escher Group Holdings PLC said Thursday that investment vehicle Exeter Acquisition Ltd intends to close the offer to wholly acquire the software company, following the in

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13 Sep 2016 14:32

Escher Group posts rise in first-half profit

(ShareCast News) - Escher Group posted a rise in interim profit for the six months to the end of June. Pre-tax profit was up 43% to $1.81m, on revenue of $12.34m, up 4% from the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortisation were up 25% to $3.35m. E

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13 Sep 2016 09:13

Escher Group Confident Going Into Second Half As Interim Profit Rises

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13 Jul 2016 07:30

Escher Group Appoints Clem Garvey As Chief Financial Officer

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16 Jun 2016 09:17

Escher Group Introduces Prepay For Ireland's Insomnia Coffee

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2 Jun 2016 07:27

Escher Says South African Post Office Launches Riposte-Based System

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27 May 2016 12:55

Escher Replaces Chairman As Focus Moves Away From Postal

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25 May 2016 08:00

Escher Group Signs Further Pilot Project Agreement With Saudi Post

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20 May 2016 15:03

AGM, EGM Calendar - Week Ahead

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13 May 2016 07:22

Escher Signs Deal To Licence Riposte Platform To Vietnam Post

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9 May 2016 06:38

Escher Group Wins Loyalty Platform Pilot With Saudi Post

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7 Mar 2016 15:27

Escher Group swings to full year profit

(ShareCast News) - AIM-listed Escher Group said on Monday that it swung to a pre-tax profit in 2015 and expressed confidence about the prospects for this year and beyond. For the year to the end of December, pre-tax profit came in at $1.1m (£0.8m) compared with a loss of £500,000 the previous year o

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7 Mar 2016 12:01

Escher Confident For 2016 And Beyond As It Swings To 2015 Profit

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7 Mar 2016 09:39

BROKER RATINGS SUMMARY: Citi Downgrades IHG To Sell From Neutral

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