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London pre-open: Stocks to gain ahead of non-farm payrolls, Eurozone GDP, UK inflation expectations

Fri, 05th Dec 2014 07:41

London's blue chips are set to open in positive territory on Friday ahead of non-farm payrolls, with City sources predicting the FTSE 100 will open around 25 points higher than Thursday's close of 6,679.37.The Labor Department's non-farm payrolls report is expected to show that US companies added 228,000 jobs in November, with the data set to be closely watched as the Federal Reserve looks for indications that the economy is healthy enough to raise interest rates.The report comes a day after a report showed initial jobless claims rose 297,000 in the week to 29 November, more or less in line with the 295,000 forecast.CMC Markets UK analyst Jasper Lawler said: "After last month [non-farm payrolls] missed estimates at 214,000, anything above 200,000 without being too close to 300,000 and risking a sooner rate hike from the Fed should be supportive of stock markets, but a miss in estimates may be enough to see dollar weakness."Also on the economic agenda Friday is the release of the Bank of England (BoE) and GfK's inflation expectations for the next 12 months. The BoE on Thursday said it would keep its policy unchanged, as expected.Eurozone gross domestic product (GDP) for the third quarter will also be unveiled, as the European Central Bank monitors the economy after announcing it would maintain policy this week.In company news, oil and gas explorer Ophir Energy has signed a production sharing contract with the Myanmar Ministry of Energy. The deal finalises the award of Block AD-03 offshore Myanmar, in which the group has a 95% operating interest. The group will re-process existing 2D and before acquiring 3D seismic data as part of the initial exploration period.Interserve, the support services and construction group, has acquired the Employment & Skills Group (esg), a UK-based provider of vocational training, skills and employability services, for a cash consideration of £25m. esg is one of the UK's largest private sector providers of training and employment services for government and employers, the group said.Civil engineering group Balfour Beatty has rejected a proposal from an infrastructure fund to acquire its entire public-private partnership (PPP) portfolio for about £1bn. Balfour said the bid from John Laing Infrastructure Fund (JLIF) "falls significantly short of its own view of the value of the portfolio.
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9 Sep 2019 15:45

Interserve wins ?7.6m contract with Department for Education

(Sharecast News) - Outsourcer Interserve has won a £7.6m contract with the Department for Education (DfE) to design and build a special education needs school in Devon.

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11 Apr 2019 10:35

FRC launches probe into Grant Thornton's audits of Interserve

(Sharecast News) - The Financial Reporting Council has launched an investigation into Grant Thornton's audit of outsourcer Interserve's financial statements.

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18 Mar 2019 08:19

Interserve's support services arm attracts Mitie, Serco

(Sharecast News) - Mitie and Serco are among interested suitors for a single part of Interserve, after their fellow oursourcer called in the administrators on Friday.

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18 Mar 2019 08:17

CORRECT: Mitie Mulls Purchase Of Interserve Support Services Unit

(Correcting that Mitie is not a FTSE 250 index constituent.)LONDON (Alliance News) - Outsourcing company Mitie Group PLC is considering a takeover bid for the biggest division of troubled a

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18 Mar 2019 07:00

PRESS: Mitie Mulls Purchase Of Interserve Support Services Unit - Sky

LONDON (Alliance News) - Outsourcing company Mitie Group PLC is considering a takeover bid for the biggest division of troubled support services firm Interserve PLC, Sky News reported on Friday, a

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15 Mar 2019 18:09

UPDATE: Interserve Completes Sale To Lenders Amid Administration

LONDON (Alliance News) - Troubled support services firm Interserve PLC said after the market close Friday it had entered administration and been sold to its lenders after investors rejected a as a

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15 Mar 2019 17:31

LONDON MARKET CLOSE: Brexit Relief Pushes Stocks Higher For The Week

LONDON (Alliance News) - Stock prices in London closed higher on Friday and for the week after UK legislators approved a move to extend the timeline for the stuttering Brexit process following a a

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15 Mar 2019 14:33

UPDATE: Interserve Shareholders To Get Nothing In New Alternative Plan

LONDON (Alliance News) - Interserve PLC said Friday its is to commence an alternative deleveraging plan with shareholders not expected to receive "any value" for their shares.The

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15 Mar 2019 12:57

TOP NEWS: Interserve To Enter Bankruptcy Amid Placing Plan Voted Down (ALLISS)

LONDON (Alliance News) - Troubled support services firm Interserve PLC said Friday it was preparing to enter administration and its shares were suspended following investors rejecting a proposed a

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15 Mar 2019 12:51

Interserve to go into administration as rescue deal blocked

(Sharecast News) - Interserve is likely to go into administration on Friday evening and sell its entire business to its lenders after plans for a rescue fundraising were blocked by a US hedge fund.

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15 Mar 2019 10:50

WINNERS & LOSERS SUMMARY: Wetherspoon Settles, Restaurant Group Soars

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Berkeley up

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14 Mar 2019 14:41

Interserve Raises Over GBP1 Million Following Warrants Exercise (ALLISS)

LONDON (Alliance News) - Interserve PLC on Thursday said it has raised GBP1.2 million following the exercise of warrants.The support services company said it has issued 11.6 million shares

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11 Mar 2019 18:03

Interserve Confirms Talks Held With Coltrane Ahead Of Crunch Vote

LONDON (Alliance News) - Interserve PLC confirmed Monday that it has been in discussions with Coltrane Asset Management - which holds a 27% interest in the company - to establish ways in which it

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8 Mar 2019 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Monday 11 MarchBlockchain WorldwideTuesday 12 MarchReact Russian 13 Investment 14 15

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5 Mar 2019 16:53

LONDON MARKET CLOSE: FTSE 100 Outperforms As Pound Falls After UK PMI

LONDON (Alliance News) - Concerns over the UK's economic growth following some subdued service sector data caused the pound to decline on Tuesday, in turn allowing the FTSE 100 to trump its UK

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