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Share Price: 9,098.00
Bid: 9,110.00
Ask: 9,114.00
Change: 120.00 (1.34%)
Spread: 4.00 (0.044%)
Open: 9,066.00
High: 9,144.00
Low: 9,008.00
Prev. Close: 8,978.00
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UK stocks push higher after Eurozone GDP as miners gain

Fri, 14th Feb 2014 11:39

- Eurozone GDP beats forecasts in Q4- Miners surge as metal prices gain- Retailers, financials, Coca-Cola HBC lead the fallerstechMARK 2,827.29 +0.12%FTSE 100 6,662.15 +0.04%FTSE 250 16,102.29 +0.45%A better-than-expected pick-up in Eurozone economic growth gave UK stocks a small boost on Friday as the FTSE 100 erased early losses to push into positive territory by midday.Decent gains by the heavyweight mining sector were also providing a lift today, aided by a well-received set of results from blue-chip producer Anglo American, partly offset by weakness among retail and financial stocks and a fall by Coca-Cola HBC.London's benchmark index, which fell to an intraday low of 6,646.47 this morning, was trading at around 6,662 by noon, up 0.04% from the previous close. Eurostat reported this morning that Eurozone gross domestic product (GDP) expanded by 0.3% over the fourth quarter, accelerating from the 0.1% growth registered in the third quarter. Figures beat the consensus forecast for a GDP expansion of 0.2%."Activity continues to recover in the Eurozone," said Chief Market Strategist Brenda Kelly from IG. "While the political shenanigans in Italy are providing a Groundhog Day backdrop to proceedings, investors are choosing to focus on the better-than-expected GDP numbers from France, Holland and Germany."In Italy, Prime Minister Enrico Letta has said he will resign today after his Democratic Party pushed for a new leader. Party leader Matteo Renzi called for a change of government yesterday following a meeting with Letta. Renzi, who has previously accused Letta of lack of action on improving the economy, is widely expected to take over the helm without an election.Miners provide a liftMining stocks were leading the upside today with Anglo American among the best risers after reporting a 6% increase in 2013 underlying profits to $6.6bn as currency gains offset falling commodity prices during the year. Fresnillo, Antofagasta and Glencore Xstrata were also in demand this morning, tracking metal prices higher. Gold prices, in particular, were performing well, breaking above the $1,300 level for the first time this year.Meanwhile, copper miner Kazakhmys surged today, extending gains made earlier this week after the Kazakh government devalued its local currency which investors hope will lead to lower costs for the firm.Retailers were out of favour with Morrison leading the decline after Exane BNP Paribas downgraded the stock to 'underperform'. Sainsbury, Next and Tesco also retreated.High Street department store Marks & Spencer, however, edged higher on the back of speculation that it could soon unveil plans for a share buyback in an attempt to win back investor confidence in its turnaround.Banking stocks were among the worst performers with RBS, Standard Chartered and Barclays registering losses. Lloyds was extending losses after its poorly-received 2013 results on Thursday with selling pressure continuing despite an upgrade by JPMorgan Cazenove to 'overweight'.Coca-Cola bottling firm Coca-Cola HBC underwhelmed after strong earnings growth in the fourth quarter wasn't enough to spark a rise in underlying operating profits over 2013 as a whole.Oilfield services group Petrofac was higher after Berenberg raised its rating on the stock to 'buy' and hiked its target price from 1,370p to 1,740p.FTSE 100 - RisersFresnillo (FRES) 963.00p +4.39%Petrofac Ltd. (PFC) 1,304.00p +3.08%Antofagasta (ANTO) 927.00p +2.37%International Consolidated Airlines Group SA (CDI) (IAG) 451.90p +2.24%Mondi (MNDI) 1,000.00p +2.09%Melrose Industries (MRO) 310.80p +1.77%Glencore Xstrata (GLEN) 337.85p +1.75%Amec (AMEC) 1,098.00p +1.67%Bunzl (BNZL) 1,454.00p +1.61%BHP Billiton (BLT) 1,898.00p +1.44%FTSE 100 - FallersCoca-Cola HBC AG (CDI) (CCH) 1,550.00p -2.45%Morrison (Wm) Supermarkets (MRW) 231.00p -2.16%Sainsbury (J) (SBRY) 345.90p -1.73%Aberdeen Asset Management (ADN) 401.80p -1.57%Vodafone Group (VOD) 218.45p -1.35%RSA Insurance Group (RSA) 96.35p -1.23%Associated British Foods (ABF) 2,781.00p -1.03%Imperial Tobacco Group (IMT) 2,327.00p -1.02%Barclays (BARC) 254.00p -0.94%Experian (EXPN) 1,068.00p -0.84%FTSE 250 - RisersKazakhmys (KAZ) 229.80p +11.39%Essar Energy (ESSR) 64.40p +7.33%Hikma Pharmaceuticals (HIK) 1,328.00p +6.75%Kenmare Resources (KMR) 16.90p +5.96%Centamin (DI) (CEY) 51.95p +3.38%Polymetal International (POLY) 656.00p +3.06%Ladbrokes (LAD) 149.50p +2.61%Fenner (FENR) 421.60p +2.33%Hunting (HTG) 818.00p +2.31%AL Noor Hospitals Group (ANH) 858.50p +2.26%FTSE 250 - FallersHome Retail Group (HOME) 183.70p -1.76%Rightmove (RMV) 2,738.00p -1.40%JD Sports Fashion (JD.) 1,416.00p -1.32%BH Global Ltd. USD Shares (BHGU) 11.4 -1.30%Riverstone Energy Limited (RSE) 920.00p -1.08%Millennium & Copthorne Hotels (MLC) 575.50p -0.95%WH Smith (SMWH) 1,050.00p -0.94%Lonmin (LMI) 322.60p -0.80%Daejan Holdings (DJAN) 4,988.00p -0.74%St. Modwen Properties (SMP) 392.20p -0.71%BC
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LONDON MARKET OPEN: FTSE 100 shakes off New York slump before Fed

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 brushing off some pre-Federal Reserve decision trepidation to record an early rise, while the dollar climbed on the expectation that Jerome Powell will sound hawkish in his press conference later.

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1 May 2024 08:54

TOP NEWS: Next first-quarter beats forecast and backs annual outlook

(Alliance News) - Next PLC on Wednesday said sales in its first quarter topped its forecast, and it maintained annual expectations but predicted a "weaker" second-quarter ahead.

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1 May 2024 08:27

Britain's Next keeps profit guidance after first-quarter sales rise

First-quarter full price sales up 5.7%

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1 May 2024 07:46

LONDON BRIEFING: GSK ups outlook; Next first-quarter beats forecast

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1 May 2024 07:04

Next warns on Q2 but holds guidance as first-quarter sales beat estimates

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

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

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