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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
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London midday: Gains limited as investors await ECB meeting, Draghi

Thu, 04th Sep 2014 12:09

- Draghi in focus as ECB decides on policy- BoE holds rates, global data ahead- Standard Life surges after Canadian deal- EasyJet, Supergroup and Go-Ahead risetechMARK 2,868.07 +0.03%FTSE 100 6,888.35 +0.21%FTSE 250 15,960.26 -0.20%UK market were rangebound on Thursday morning, fluctuating near a record high, as investors sat on their hands ahead of a policy decision by the European Central Bank (ECB).The FTSE 100 was trading 0.2% higher at 6,888 by midday, helped by a surge in the share price of Standard Life and decent gains by Easyjet. The index climbed to 6,873.58 by the close on Wednesday, after hitting an intraday high of 6,898.62 during the session - its highest intraday level since the record 6,950.60 set in late December 1999.At noon, the Bank of England (BoE) voted to keep the Bank Rate at 0.5% and its asset purchase programme at £375bn. However, speculation continues to rise over when policymakers will decided to hike rates after two of the nine-member committee voted for an increase last month.Nevertheless, with the BoE decision widely expected by the market, the ECB is likely to steal the show amid recent calls for President Mario Draghi to inject stimulus to aid a struggling Eurozone recovery.Draghi hinted at the Jackson Hole conference last month that inflation expectations were falling and that the ECB would use "all available instruments needed to ensure price stability". However, the ECB President has a "history of disappointing", according to dealer Jonathan Sudaria from Capital Spreads."Unfortunately, he has put undue pressure on himself and markets will want to see something concrete at today's ECB press conference. The risk is that just repeating what he said at Jackson Hole may not be enough for traders," Sudaria said.Labour-market figures from the States will also be in focus, including the ADP employment survey and jobless claims data, as markets await the all-important August US non-farm payrolls report due out on Friday. The US trade balance and ISM non-manufacturing index will also be released on Thursday afternoon.Standard Life agrees £2.2bn sale of Canadian unitStandard Life surged 9% after saying that it has agreed to sell its Canadian operations for C$4bn (£2.2bn) to Manulife Financial and would return £1.75bn of this to shareholders. The two companies also made a collaboration agreement in principle for Manulife to distribute Standard Life Investments' products via the Canadian company's network in Canada, the US and Asia.Budget airline Easyjet was higher after seeing annual traffic pick up slightly in August, with passenger numbers up 8.4% on the year before, compared with the 7.7% increase registered in July.Centrica inched lower after saying that the negative impact on earnings from a reduction in output at EDF Energy's nuclear power stations is now expected to be at least twice the amount originally estimated. On the FTSE 250, fashion retailer Supergroup jumped after the 3.7% decline in first-quarter like-for-like sales was not as bad as analysts had feared. The company also reassured the market by highlighting improving trends over the first few weeks of the second quarter.A 44.5% leap in profit to £91.2m helped to drive shares in Go-Ahead Group higher as the transport company cheered with its full-year results. Balfour Beatty had erased earlier gains by midday after agreeing to sell its US business Parsons Brinckerhoff to Canadian industrial group WSP Global for $1.35bn cash (£0.8bn). The infrastructure group said it would hand £200m back to shareholders, though analysts at Westhouse Securities pointed out that the sale price may have disappointed some in the market after recent media speculation.FTSE 100 - RisersStandard Life (SL.) 418.90p +8.50%Dixons Carphone (DC.) 372.60p +2.36%Imperial Tobacco Group (IMT) 2,692.00p +2.32%Admiral Group (ADM) 1,293.00p +2.29%Carnival (CCL) 2,329.00p +1.70%easyJet (EZJ) 1,383.00p +1.39%Mondi (MNDI) 1,053.00p +1.35%Smiths Group (SMIN) 1,330.00p +0.91%Royal Dutch Shell 'A' (RDSA) 2,469.00p +0.84%SSE (SSE) 1,500.00p +0.81%FTSE 100 - FallersHargreaves Lansdown (HL.) 1,049.00p -2.24%Ashtead Group (AHT) 1,005.00p -1.66%Tesco (TSCO) 229.55p -1.31%Morrison (Wm) Supermarkets (MRW) 173.10p -1.25%Sainsbury (J) (SBRY) 293.10p -1.25%Capita (CPI) 1,217.00p -1.22%CRH (CRH) 1,429.00p -1.18%Petrofac Ltd. (PFC) 1,116.00p -1.15%Meggitt (MGGT) 477.30p -0.98%3i Group (III) 388.80p -0.97%FTSE 250 - RisersSupergroup (SGP) 1,143.00p +9.27%Go-Ahead Group (GOG) 2,359.00p +3.78%TalkTalk Telecom Group (TALK) 311.90p +3.62%Betfair Group (BET) 1,130.00p +3.20%DCC (DCC) 3,665.00p +2.95%Serco Group (SRP) 320.60p +2.49%Spire Healthcare Group (SPI) 271.25p +2.36%Nostrum Oil & Gas (NOG) 779.50p +2.03%Euromoney Institutional Investor (ERM) 1,135.00p +1.70%Provident Financial (PFG) 2,161.00p +1.31%FTSE 250 - FallersHochschild Mining (HOC) 166.50p -3.76%AO World (AO.) 217.30p -3.42%Just Eat (JE.) 290.50p -2.52%National Express Group (NEX) 252.70p -2.36%Bovis Homes Group (BVS) 836.50p -2.22%Keller Group (KLR) 890.00p -2.20%Enterprise Inns (ETI) 122.20p -2.08%Millennium & Copthorne Hotels (MLC) 590.00p -1.99%Essentra (ESNT) 852.50p -1.96%Brit (BRIT) 250.00p -1.92%BC
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15 Jan 2024 12:09

Train drivers announce fresh strike dates

(Sharecast News) - Train drivers' union Aslef announced a new round of strikes on Monday, in its ongoing pay dispute with 16 train operators.

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24 Feb 2023 14:37

Rail workers' union accepts offer from train operators

(Sharecast News) - Relief from months of railway strikes and industrial action looked to be on the horizon on Friday, as members of the TSSA union accepted offers from train operators.

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20 Dec 2022 11:46

Train drivers to stage another strike in January

(Sharecast News) - Train drivers announced another one-day strike on Tuesday, set down for 5 January, after members at 15 train operators voted for more walk-outs in a long-running dispute over pay.

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10 Oct 2022 11:06

Go-Ahead, now owned by Kinetic and Globalvia, to de-list on Tuesday

(Alliance News) - Go-Ahead on Monday requested for its shares to be suspended from trading in London, as its takeover by a consortium of Kinetic TCo Pty Ltd and Globalvia Inversiones SAU has become effective.

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6 Oct 2022 17:24

Go-Ahead Group says High Court gives green light to merger agreement

(Alliance News) - Go-Ahead Group PLC on Thursday said the High Court of Justice in England and Wales allowed the acquisition of the company by Gerrard Investment Bidco Ltd.

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29 Sep 2022 15:42

UK dividends calendar - next 7 days

Friday 30 September 
Admiral Group PLCdividend payment date
Admiral Group PLCspecial dividend date
Alliance Trust PLCdividend payment date
Antofagasta PLCdividend payment date
Atlantis Japan Growth Fund Ltddividend payment date
BlackRock World Mining Trust PLCdividend payment date
Breedon Group PLCdividend payment date
Carr's Group PLCdividend payment date
CT Property Trust Ltddividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend payment date
FDM Group PLCdividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Honeycomb Investment Trust PLCdividend payment date
Imperial Brands PLCdividend payment date
International Personal Finance PLCdividend payment date
Knights Group Holdings PLCdividend payment date
Miton UK Microcap Trust PLCdividend payment date
NextEnergy Solar Fund Ltddividend payment date
PayPoint PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
ProCook Group PLCdividend payment date
Redde Northgate PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Robert Walters PLCdividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
TClarke PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Monday 3 October 
Appreciate Group PLCdividend payment date
Blackrock Sustainable American Income Trust PLCdividend payment date
CLS Holdings PLCdividend payment date
Warehouse REIT PLCdividend payment date
Tuesday 4 October 
Croda International PLCdividend payment date
Rathbone Group PLCdividend payment date
Cohort PLCdividend payment date
Wednesday 5 October 
Savills PLCdividend payment date
Thursday 6 October 
abrdn Latin American Income Fund Ltdex-dividend date
abrdn Smaller Companies Income Trust PLCex-dividend date
abrdn UK Smaller Companies Growth Trust PLCex-dividend date
Andrews Sykes Group PLCex-dividend date
Andrews Sykes Group PLCspecial dividend date
Anglo Pacific Group PLCex-dividend date
Bodycote PLCex-dividend date
Centaur Media plcex-dividend date
Centrica PLCex-dividend date
ConvaTec Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend date
CT UK High Income Trust PLCex-dividend date
D4T4 Solutions PLCspecial dividend date
DS Smith PLCex-dividend date
EMIS Group PLCex-dividend date
European Assets Trust PLCex-dividend date
F&C Investment Trust PLCex-dividend date
Go-Ahead Group PLCspecial dividend date
Gresham House PLCex-dividend date
GSK PLCdividend payment date
Hammerson PLCex-dividend date
Hunting PLCex-dividend date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend date
Inspecs Group PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Intertek Group PLCdividend payment date
Johnson Service Group PLCex-dividend date
Kainos Group PLCex-dividend date
Keywords Studios PLCex-dividend date
Kingfisher PLCex-dividend date
Learning Technologies Group PLCex-dividend date
Manolete Partners PLCdividend payment date
Martin Currie Global Portfolio Trust PLCex-dividend date
Mears Group PLCex-dividend date
MIGO Opportunities Trust PLCdividend payment date
Morgan Sindall Group PLCex-dividend date
Mortgage Advice Bureau (Holdings) PLCex-dividend date
Murray International Trust PLCex-dividend date
North American Income Trust PLCex-dividend date
Pantheon Infrastructure PLCex-dividend date
RIT Capital Partnersex-dividend date
Serco Group PLCdividend payment date
Shires Income PLCex-dividend date
Smart Metering Systems PLCex-dividend date
Spectris PLCex-dividend date
Supermarket Income REIT PLCex-dividend date
Synthomer PLCex-dividend date
Ten Entertainment Group PLCex-dividend date
TP ICAP Group PLCex-dividend date
Travis Perkins PLCex-dividend date
Troy Income & Growth Trust PLCex-dividend date
Uniphar PLCdividend payment date
Vistry Group PLCex-dividend date
VPC Specialty Lending Investments PLCdividend payment date
Weir Group PLCex-dividend date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Sep 2022 09:10

IN BRIEF: Go-Ahead hit by cyber attack but says no impact on trains

Go-Ahead Group PLC - Newcastle, England-based public transport operator - Suffers cyber security incident, detecting unauthorised activity on its network on Monday. Says it will continue to investigate the potential impact of the attack, but confirms that there was no impact on UK or international rail services, which are operating normally. As a precaution, Go-Ahead has notified relevant regulators, including the UK's Information Commissioner's Office, it adds.

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6 Sep 2022 07:55

Go-Ahead hit by cyber security incident, rail services unaffected

(Sharecast News) - Transport operator Go-Ahead said it is currently managing a cyber security incident, having detected unauthorised activity on its network on Monday, but insisted its rail services have not been affected.

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6 Sep 2022 07:49

LONDON BRIEFING: Truss takes reins; Australia hikes rates for 4th time

(Alliance News) - Stocks in London were called to open lower on Tuesday as Europe continues to face an energy crisis, while sterling strengthened as Liz Truss starts work as the new prime minister of the UK.

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9 Aug 2022 15:51

UK shareholder meetings calendar - next 7 days

Wednesday 10 August 
AssetCo PLCGM re share split
Ariana Resources PLCAGM
Cadence Minerals PLCAGM
CML Microsystems PLCAGM
Foresight Group Holdings LtdAGM
Mountview Estates PLCAGM
Unbound Group PLCGM re open offer
Thursday 11 August 
Inspecs Group PLCAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 12 August 
iEnergizer LtdAGM
Ironveld PLCGM re proposals to remove directors
Old Mutual LtdGM
Pineapple Power CorpAGM
Monday 15 August 
Ascent Resources PLCGM re annual report
Corcel PLCAGM
Coro Energy PLCGM re annual report
Forward Partners Group PLCAGM
Ince Group PLCGM re fundraise
Red Rock Resources PlcGM  convertible loans
Schroders PLCGM re dual class share structure
Tuesday 16 August 
Go-Ahead Group PLCGM re takeover by Kinetic and Globalvia consortium
NatWest Group PLCGM proposed special dividends
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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8 Aug 2022 19:11

IN BRIEF: Go-Ahead bidders receive undertakings from Threadneedle

Go-Ahead Group PLC - public transport operator - Consortium in process of buying Go-Ahead, comprised of Kinetic TCo Pty Ltd and Globalvia Inversiones SAU, says it receives additional letter of intent from Threadneedle Asset Management to vote in favour of the deal. Threadneedle holds 7.7% stake in Go-Ahead, representing 3.3 million shares.

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5 Aug 2022 10:02

LONDON BROKER RATINGS: Jefferies cuts Go-Ahead, Mediclinic to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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5 Aug 2022 07:23

Jefferies downgrades Go-Ahead, lifts price target after improved takeover offer

(Sharecast News) - Jefferies downgraded Go-Ahead on Friday to 'hold' from 'buy' as it lifted its price target to 1,550p from 1,320p to reflect the increased takeover offer from Kinetic and Globalvia.

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4 Aug 2022 12:09

LONDON MARKET MIDDAY: BoE hikes, expects UK recession in 4th quarter

(Alliance News) - London shares price made some gains on Thursday morning, though these fell well short of the market rise seen on mainland Europe, as traders in London showed signs of trepidation leading up to the Bank of England's interest rate decision.

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4 Aug 2022 11:51

Go-Ahead backs improved takeover offer from Kinetic and Globalvia

(Alliance News) - Go-Ahead PLC on Thursday said it backs a slightly improved takeover offer from a consortium consisting of Kinetic Holding and Globalvia Inversiones.

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