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Sector movers: Financial services, real estate pace losses

Tue, 14th Jun 2016 15:14

(ShareCast News) - The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.According to the latest YouGov poll published in The Times on Tuesday, support for Brexit jumped by three percentage points to 46.0% over the latest week, while support for 'Remain' lost another three percentage points to stand at just 39.0%, with 11.0% of voters saying they were undecided and another 4.90% that they would not vote.As of 14:33 BST cable was down 0.68% to 1.4172, alongside a dip in 10-year German government debt yields into negative territory for the first time ever.The yield on similarly-dated benchmark Gilts also hit a record low at 1.144%.Yields on the 10-year Bund retreated both as investors continued to seek out safe havens and on expectations that the Brexit-related uncertainty would act as a drag on growt"These results alarmed markets and saw our 10-poll average narrow to a slim 0.2pp lead for Remain. The result is due partly to a greater share of online polls in the sample, which have typically shown stronger leads for Leave. But beyond polling noise, it appears that more voters are 'flirting with Brexit'. For this reason, last week we increased our probability of Brexit to the top end of our 30-40% range, but have not increased it further," analysts at Citi said.Travel&Leisure stocks were weighed down by stock in one company in particular, Go Ahead. The troubled transport giant told investors to no longer expect 3% margins from its Govia Thameslink Railway franchise, as previously indicated, but rather something closer to 1.5%, because of the cost of strikes and the project to rebuild London Bridge Station.Front month crude oil futures were down by 0.801% to $49.95 per barrel on the ICE.Bottom performing sectors so far todayFinancial Services 8,231.00 -2.08%Real Estate Investment & Services 2,583.42 -2.00%Oil & Gas Producers 6,337.69 -1.78%Media 6,846.49 -1.77%Travel & Leisure 8,066.59 -1.77%
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31 Jul 2020 12:32

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17 Jul 2020 09:38

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25 Jun 2020 09:42

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24 Jun 2020 13:42

Wednesday broker round-up

(Sharecast News) - G4S: Credit Suisse upgrades to outperform with a target price of 140p.

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18 Jun 2020 12:17

Britain approves spending of 3.5 billion pounds on railway bailout

LONDON, June 18 (Reuters) - Britain has so far approved spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday.Under emergency measures brought in on March 23 fo...

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28 May 2020 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

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27 May 2020 09:30

UK BROKER RATINGS SUMMARY: Berenberg Downgrades Pearson To Sell

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26 May 2020 15:22

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22 May 2020 13:37

Friday broker round-up

(Sharecast News) - Whitbread: RBC Capital Markets reiterates underperform with a target price of 2,350p.

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22 May 2020 13:34

Jefferies stays at 'buy' on Go Ahead, likes portfolio and balance sheet

(Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation for shares of Go-Ahead Group, highlighting the attractions of its portfolio, especially its UK franchise and balance sheet positioning.

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22 May 2020 10:32

TOP NEWS: Go-Ahead Issues Profit Warning Over German Rail And Covid-19

TOP NEWS: Go-Ahead Issues Profit Warning Over German Rail And Covid-19

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22 May 2020 09:23

UPDATE 2-Asia-focused banks lead FTSE 100 lower as trade tensions flare

(There will be no London stock market report on Monday May 25 due to a UK public holiday.)* HSBC, StanChart tumble to multi-year lows* FTSE 100 set for second straight monthly gain* Both major indexes log strongest week in six* April retail sales cr...

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22 May 2020 08:11

UPDATE 1-Go-Ahead Group warns coronavirus will hit profit, shares slump

(Adds detail, background, share price)LONDON, May 22 (Reuters) - Britain's Go-Ahead Group warned that the impact of the novel coronavirus would hit profits this year, and uncertainty around the use of public transport once lockdown eases means it ...

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22 May 2020 07:46

LONDON MARKET PRE-OPEN: Burberry And United Utilities Profit Drops

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22 May 2020 07:43

Covid-19 puts brakes on Go-Ahead profits

(Sharecast News) - Shares in Go-Ahead fell heavily on Friday, after the travel group warned that the Covid-19 outbreak and ongoing problems at its German rail franchise would hit full-year profits.

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