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UPDATE 1-Britain's FTSE hits one-week high as US jobs report calms nerves

Fri, 09th Mar 2018 17:18

* FTSE 100 up 0.3 pct at close

* U.S. jobs report soothes rate hike jitters

* NMC Health hits record high(Recasts, adds quote and detail, updates prices at close)

By Danilo Masoni and Kit Rees

MILAN/LONDON, March 9 (Reuters) - UK shares ended Friday ata one-week high, joining in a broader equity rally followingsupportive U.S. jobs data which calmed investor nerves overtighter monetary policy.

The country's blue chip FTSE benchmark index endedthe session 0.3 percent higher at 7,224.51 points, whilemid-caps gained 0.6 percent as investors digested a number ofearnings updates.

U.S. job growth recorded its biggest increase in more than1-1/2 years in February, but a slowdown in wage gains pointed toonly a gradual increase in inflation this year, which dampenedthe possibility of the Federal Reserve increasing rates faster.

"Overall the February jobs report is the best of both worlds- strong job growth without accelerating wage inflation. It’snot too hot, not too cold, a Goldilocks report," Alec Young,managing director of global markets research at FTSE Russell,said.

While higher interest rates are a positive for banks, theycan make equities as an asset class broadly less attractive asbond yields rise.

Other supportive developments included U.S. President DonaldTrump's comments on possible exemptions from import tariffs onsteel and aluminium, and that he was prepared to meet NorthKorea's Kim Jong Un.

Among individual movers, the biggest FTSE gainer was NMCHealth, which briefly touched a record high following awell-received trading update.

The UAE healthcare provider reported a 38.2 percent rise inannual net profit on Wednesday and said acquisitions this yearcould top the $641 million it spent in 2017.

On the midcap index, Renewi fell 4.3 percent afterthe waste-to-product company said it would take an impairmentcharge following the review of contracts in its UK municipaldivision.

Inmarsat dropped 6.7 percent after a quarterlyupdate which was in line with expectations. Morgan Stanleyanalysts said comments around its government business werecautious, indicating that consensus expectations for 2019revenue growth of 5 percent were too high.

GVC Holdings rose 5 percent after the onlinegambling firm saw full-year net gaming revenue rise 17 percentin 2017, helped by gains from the bwin.party businesses itbought three years ago. GVC is set to take over Britain'slargest bookmaker Ladbrokes Coral.(Reporting by Danilo Masoni and Kit ReesEditing by Keith Weir)

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22 Oct 2018 08:06

Budget 2018: UK's Hammond plans to raise offshore gambling tax - report

(Sharecast News) - UK finance minister Philip Hammond is set to increase tax paid by offshore gambling companies in his Budget later this month, the Financial Times reported citing government aides.

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28 Mar 2018 17:50

UPDATE: Ladbrokes Shares To Be Cancelled Thursday As GVC Deal Closes (ALLISS)

LONDON (Alliance News) - Ladbrokes Coral Group PLC and GVC Holdings PLC said on Wednesday the scheme of arrangement has become effective, and Ladbrokes shares will be from the

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27 Mar 2018 18:31

Morgan Stanley Lowers Stake In Ladbrokes To Below Notifiable Threshold (ALLISS)

LONDON (Alliance News) - Ladbrokes Coral Group PLC said Tuesday Morgan Stanley & Co International PLC now has a 5.4% interest in the company, having previously held an a

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21 Mar 2018 10:21

Ladbrokes Coral-GVC Merger Receives Clearance From UK CMA

LONDON (Alliance News) - The UK Competition & Markets Authority said Wednesday it has cleared the merger of gambling firms Ladbrokes Coral Group PLC a

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19 Mar 2018 10:34

WINNERS & LOSERS SUMMARY: Micro Focus Halves As It Warns, Switches CEO

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 3.9%. The lender said activist investor had a

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19 Mar 2018 08:58

UPDATE 1-British gambling shares rise after commission calls for 30 pound limit on machines

March 19 (Reuters) - Share prices in British betting shops rose on Monday after the Gambling Commission recommended setting the maximum stake for fixed odds betting terminals at 30 pounds a higher

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19 Mar 2018 08:18

LIVE MARKETS-Opening snapshot: European stocks open lower as Micro Focus dives

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19 Mar 2018 07:35

BRIEF-Gvc Holdings Says Priced And Allocated Debt Financing Package

March 19 (Reuters) - Gvc Holdings Plc: * HAS SUCCESSFULLY PRICED AND ALLOCATED DEBT FINANCING PACKAGE SUPPORTING ITS INTENDED ACQUISITION OF LADBROKES CORAL PLC? * ?FIRST LIEN TERM B

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9 Mar 2018 10:40

WINNERS & LOSERS SUMMARY: RM2 Jumps As It Sees Positive 2019 Earnings

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

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9 Mar 2018 10:01

Britain's FTSE treads water as Trump softens tariff stance

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 steadies; FTMC up 0.3 pct * NMC Health hits record high * Vodafone dips after GVC Holdings

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9 Mar 2018 07:49

UPDATE 1-UK Stocks-Factors to watch on March 9

March 9 (Reuters) - Britain's FTSE futures were down 0.07 pct ahead of the cash market open on Friday. * GVC HOLDINGS: Online gambling firm GVC Holdings, which has

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9 Mar 2018 07:29

GVC gaming revenue jumps 17 pct on bwin winnings

March 9 (Reuters) - Online gambling firm GVC Holdings, which has agreed to buy Britain's largest bookmaker Ladbrokes Coral , said full-year net gaming revenue rose 17 from

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9 Mar 2018 07:14

BRIEF-GVC Holdings Says FY ?Adj. Profit Before Tax up 182% To 178.7 Mln Euros?

March 9 (Reuters) - Gvc Holdings Plc: * FY ?ADJUSTED PROFIT BEFORE TAX +182% TO EUR 178.7M? * ?FY CLEAN EBITDA UP 40% TO EUR 239.5M? * ?SECOND TO

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