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Share Price: 9,120.00
Bid: 9,122.00
Ask: 9,126.00
Change: 16.00 (0.18%)
Spread: 4.00 (0.044%)
Open: 9,156.00
High: 9,156.00
Low: 8,972.00
Prev. Close: 9,104.00
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London close: Equities drop after worse-than-forecast non-farms

Fri, 04th Sep 2015 16:11

(ShareCast News) - Equities in the UK market ended lower on Friday after the US non-farm payrolls report missed forecasts.American employers added 173,000 jobs in August following an upwardly revised 245,000 in July, data released on Friday by the Labor Department showed.The figure was the smallest gain in five months and fell way short of the 215,000 figure analysts had expected. Nonetheless, the previous two months' tallies were revised higher by a combined 44,000. The unemployment rate fell to 5.1% from 5.3% to reach its lowest level since April 2008, while employment gains for July and June were revised up by a combined 44,000."August's employment report is fairly mixed and can be used to make a case for or against a rate hike at the upcoming FOMC meeting," said Capital Economics. "As far as we're concerned, the September meeting is a 50-50 toss up. Nevertheless, even if the Fed doesn't hike rates this month, it won't leave rates at near-zero for much longer given that it either has (or is close to) fulfilling the full employment part of its dual mandate."Following the jobs report, Richmond Fed president Jeffrey Lacker described it as "a pretty much right down the middle of the fairway sort of employment report". He added that direct implications of the recent market turmoil for the US economy appear to be quite limited."I am not arguing that the economy is perfect, but nor is it on the ropes, requiring zero interest rates to get it back into the ring," Lacker said in the text of a speech delivered on Friday."It's time to align our monetary policy with the significant progress we have made."Back over on this side of the pond, a BDO survey showed UK retail sales in August were the weakest since the financial crisis, falling 4.3% compared to the same month last year. BDO's research found that most parts of the high street suffered as the summer rains swept in, with sales of fashion falling 5.5%, homewares knocked 3.3% lower and lifestyle goods down 1.3% year-on-year.British new car registrations surged in August, as buyers were buoyed by new financing deals, the Society of Motor Manufacturers and Traders said. New car registrations jumped 9.6% year-on-year last month to 79,060 units, after growing 3.2% in July and 12.9% in June.Eurozone retail sales activity expanded at a slower pace in August, Markit revealed. The purchasing mangers' index fell to 51.4 last month from 54.2 in July. However, it was above the 50 level that separates expansion from contraction.Among corporate stocks, GVC Holdings slumped despite finally beating rival 888 Holdings in the battle for online gambling group Bwin.Party Digital Entertainment. Bwin's shares rose.Next was a top faller following the BDO survey and a downgrade by Exane BNP Parabas from 'neutral' to 'underperform'.Anglo American dropped amid news the company is in talks to sell its Rustenburg platinum mines in South Africa to Sibanye Gold.Hikma Pharmaceuticals rose after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price target to 2,840p from 2,210p. "We see the acquisition of Roxane Labs as the realisation of large transformational M&A that we had expected to be a key catalyst." GS said the deal makes Hikma the sixth-largest player in the US generics market and offers potential to further improve its market position, with the acquired high-value pipeline playing a key role.Oil giant BP was under the cosh after Bank of America Merrill Lynch downgraded it to 'underperform' from 'neutral' and slashed its price target to 330p from 420p.Engineering group GKN was also under pressure after Investec downgraded the stock to 'hold' from 'buy' and cut its price target to 300p from 370p.More general, heavily-weighted mining stocks suffered the brunt of the losses, with Glencore, Antofagasta, BHP Billiton, Rio Tinto and Fresnillo all in the red as metals prices declined across the board, with the exception of aluminium.Market MoverstechMARK 3,059.92 -1.44%FTSE 100 6,042.92 -2.44%FTSE 250 16,808.02 -1.63%FTSE 100 - RisersHikma Pharmaceuticals (HIK) 2,350.00p +0.30%International Consolidated Airlines Group SA (CDI) (IAG) 565.00p +0.09%FTSE 100 - FallersAnglo American (AAL) 668.50p -7.79%Glencore (GLEN) 123.15p -5.96%Antofagasta (ANTO) 564.50p -5.36%BHP Billiton (BLT) 1,052.00p -5.23%BP (BP.) 337.90p -5.04%Rio Tinto (RIO) 2,235.00p -4.53%Dixons Carphone (DC.) 412.30p -4.32%Fresnillo (FRES) 596.00p -4.18%Randgold Resources Ltd. (RRS) 3,722.00p -4.12%Experian (EXPN) 1,052.00p -4.01%FTSE 250 - RisersOneSavings Bank (OSB) 379.70p +2.07%NMC Health (NMC) 759.50p +1.88%Booker Group (BOK) 178.20p +1.14%BBA Aviation (BBA) 297.50p +1.12%Daejan Holdings (DJAN) 6,065.00p +1.00%Moneysupermarket.com Group (MONY) 336.60p +0.93%Computacenter (CCC) 780.00p +0.65%3i Infrastructure (3IN) 167.00p +0.60%HICL Infrastructure Company Ltd (HICL) 152.80p +0.53%AL Noor Hospitals Group (ANH) 854.50p +0.53%FTSE 250 - FallersVedanta Resources (VED) 511.00p -12.43%Kaz Minerals (KAZ) 149.70p -8.16%Premier Oil (PMO) 94.50p -7.17%Tullow Oil (TLW) 200.40p -6.92%Lonmin (LMI) 27.44p -5.25%Hunting (HTG) 469.80p -5.24%Serco Group (SRP) 105.50p -5.21%Amec Foster Wheeler (AMFW) 778.50p -4.65%Bwin.party Digital Entertainment (BPTY) 110.00p -4.51%Petrofac Ltd. (PFC) 845.00p -4.14%FTSE TechMARK - RisersUCW Limited (UCW) A$0.01 +7.14%Torotrak (TRK) 6.37p +4.51%Dialight (DIA) 627.00p +3.47%Gresham Computing (GHT) 104.00p +1.96%Skyepharma (SKP) 338.00p +1.50%CML Microsystems (CML) 352.50p +1.44%Spirent Communications (SPT) 80.00p +0.95%Ricardo (RCDO) 889.50p +0.79%SDL (SDL) 370.25p +0.61%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 200.65 +0.34%FTSE TechMARK - FallersTriad Group (TRD) 37.50p -8.54%Oxford Biomedica (OXB) 7.50p -4.82%XP Power Ltd. (DI) (XPP) 1,575.00p -3.67%KCOM Group (KCOM) 93.00p -3.12%BATM Advanced Communications Ltd. (BVC) 17.62p -2.76%RM (RM.) 170.00p -2.58%Filtronic (FTC) 7.12p -1.72%Oxford Instruments (OXIG) 818.50p -1.56%Sepura (SEPU) 175.75p -0.99%Innovation Group (TIG) 39.75p -0.62%
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24 Apr 2024 14:19

UK earnings, trading statements calendar - next 7 days

Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
Loungers PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham House Energy Storage Fund PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Close Brothers Group PLCTrading Statement
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Strip Tinning Holdings PLCFull Year Results
Whitbread PLCFull Year Results
Wednesday 1 May 
Computacenter PLCTrading Statement
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Apr 2024 16:58

LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease

(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.

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22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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9 Apr 2024 13:09

PRESS: Frasers and Next eye buying Ted Baker retail stores - Times

(Alliance News) - Next PLC and Frasers Group PLC are sizing up buying Ted Baker's European retail division, The Times reported on Tuesday.

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9 Apr 2024 13:00

Frasers, Next interested in Ted Baker's European retail arm - report

(Sharecast News) - Mike Ashley's Frasers Group and Next have reportedly expressed an interest in purchasing Ted Baker's stricken European retail arm.

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5 Apr 2024 09:33

LONDON BROKER RATINGS: RBC resumes Direct Line at 'sector perform'

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

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3 Apr 2024 09:20

LONDON BROKER RATINGS: Barclays lifts Segro to 'overweight'

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

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25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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

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22 Mar 2024 09:21

British Land appoints Next's CFO as non-executive director

(Alliance News) - British Land Co PLC on Friday said it has hired fashion retailer Next PLC's chief financial officer, Amanda Jones, as non-executive director, with effect from July 1.

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22 Mar 2024 08:59

LONDON BROKER RATINGS: RBC cuts St James's Place; HSBC cuts Ascential

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

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21 Mar 2024 16:53

LONDON MARKET CLOSE: FTSE 100 up as investors see Fed, BoE cuts ahead

(Alliance News) - London's FTSE 100 jumped on Thursday, as markets rallied on the back of dovish interest rate decision statements from both the US Federal Reserve and Bank of England.

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21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

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21 Mar 2024 13:24

Moneysupermarket.com hires chair designate as part of succession plan

(Alliance News) - Moneysupermarket.com Group PLC on Thursday announced the appointment of its new chair designate as an independent non-executive director.

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