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London open: UK stocks rise ahead of data-heavy week, M&S falls

Mon, 05th Jan 2015 08:18

After an initial dip, UK stocks pushed into positive territory early on Monday as traders returned to their desks after the festive holidays in an optimistic mood.London's FTSE 100 index was up 0.4% at 6,571, quickly bouncing off an intraday low of 6,522.59 reached shortly after the open."This Monday finally sees the return of most traders from the Christmas break and also the return of the volume into these markets," said analyst James Hughes from Alpari UK.This week looks set to be fairly busy in terms of economic data, with inflation figures and purchasing managers' indices (PMIs) from the Eurozone, a Bank of England rate decision and the US jobs report all due for release."So anyone who thought they could just ease themselves back into things with a comfortable week will have a bit of a shock coming," Hughes said.The positive start for UK markets followed an upbeat session in China overnight as the Shanghai Composite Index rose 3.6% to a new five and a half-year high amid speculation that policymakers will ease monetary policy further.Figures released last week showed that factory output growth in China slowed down in December with the government's 'official' manufacturing PMI falling from 50.3 to an 18-month low of 50.1. HSBC's own manufacturing PMI showed a contraction in the sector last month with a reading under the break-even point of 50.M&S hit by downgradeDepartment store chain Marks & Spencer was trading in the red on Monday after analysts at Societe Generale downgraded their recommendation for the stock from 'buy' to 'hold'.Mike van Dulken, head of research at Accendo Markets, said that M&S is expected to join others in the retail industry this week by revealing a "slump" in Christmas sales. "While M&S tends to do well with its festive food offering, falling food prices and changing habits with cost conscious consumers shopping elsewhere may have kept a lid on sales for the division," he added.GlaxoSmithKline was lower after JPMorgan Cazenove lowered the stock to 'underweight', while pharmaceutical peer AstraZeneca was upgraded by the US bank to 'neutral'.Precious metals producers Fresnillo and Randgold Resources were high risers early on as gold and silver prices rose.AIM-listed Stevia ingredients maker PureCircle moved higher after saying that launches of lower-calorie fizzy drinks by Coca-Cola and PepsiCo resulted in a 24% jump in sales in the first half.techMARK 2,972.20 +0.46%FTSE 100 6,571.45 +0.36%FTSE 250 16,137.43 +0.53%FTSE 100 - RisersFresnillo (FRES) 789.00p +3.14%Carnival (CCL) 3,013.00p +2.83%International Consolidated Airlines Group SA (CDI) (IAG) 498.90p +2.44%easyJet (EZJ) 1,723.00p +2.38%Barratt Developments (BDEV) 471.00p +2.28%Ashtead Group (AHT) 1,190.00p +2.15%Aberdeen Asset Management (ADN) 441.70p +1.92%Taylor Wimpey (TW.) 137.40p +1.85%Randgold Resources Ltd. (RRS) 4,494.00p +1.84%Reckitt Benckiser Group (RB.) 5,260.00p +1.84%FTSE 100 - FallersMarks & Spencer Group (MKS) 470.50p -1.38%BP (BP.) 405.50p -1.21%Weir Group (WEIR) 1,866.00p -0.90%Morrison (Wm) Supermarkets (MRW) 181.60p -0.87%Aggreko (AGK) 1,486.00p -0.73%GlaxoSmithKline (GSK) 1,374.50p -0.61%Royal Dutch Shell 'A' (RDSA) 2,155.00p -0.60%BG Group (BG.) 859.70p -0.52%Royal Dutch Shell 'B' (RDSB) 2,225.00p -0.47%Tullow Oil (TLW) 412.20p -0.46%FTSE 250 - RisersHikma Pharmaceuticals (HIK) 2,086.00p +5.25%Poundland Group (PLND) 335.00p +4.10%Indivior (INDV) 153.10p +2.75%Ocado Group (OCDO) 426.50p +2.55%RPC Group (RPC) 514.50p +2.29%Ophir Energy (OPHR) 147.80p +2.28%Supergroup (SGP) 869.50p +2.11%Ted Baker (TED) 2,246.00p +2.09%Kier Group (KIE) 1,520.00p +2.01%Berkeley Group Holdings (The) (BKG) 2,514.00p +1.99%FTSE 250 - FallersBrit (BRIT) 264.90p -2.43%Nostrum Oil & Gas (NOG) 430.70p -2.11%Zoopla Property Group (WI) (ZPLA) 195.00p -1.71%JPMorgan Emerging Markets Inv Trust (JMG) 585.00p -1.52%Spire Healthcare Group (SPI) 368.00p -1.47%Barr (A.G.) (BAG) 580.00p -1.44%Synthomer (SYNT) 234.00p -1.43%Premier Oil (PMO) 162.70p -1.21%Rank Group (RNK) 158.10p -1.19%Allied Minds (ALM) 364.00p -1.09%
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21 Nov 2012 16:34

AstraZeneca CEO builds up stake

The Chief Executive Officer of drugs giant AstraZeneca has purchased 3,500 shares in the company, taking his stake in the group to 141,716 shares. Pascal Soriot, who took up his current role just last month, bought the shares at 2,825p each for a total of £98,875. 53-year-old Soriot joined Astra

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2 Nov 2012 16:39

Two BP Executive VPs slim down shareholdings

Making the most of a strong week, two of BP's divisional Executive Vice Presidents have between them sold 130,000 shares in the same week oil giant delivered a better-than-expected performance in the third quarter. Mike Daly, the company's Executive Vice President of exploration, traded in 24,473 s

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1 Nov 2012 16:01

Barclays Chairman boosts stake after results fail to impress

Sir David Walker, the newly-installed Chairman of Barclays, has swelled his stake in the company with the addition of 50,000 shares just one day after the company delivered a rise in adjusted third-quarter pre-tax profit. Walker added 50,000 shares at 230.19p each, taking his share in the company

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24 Oct 2012 15:48

Cupid's Finance Director ditches shares post-exercise

Mark Doughty, the Finance Director of Cupid, the internet-based dating operator, pocketed a significant sum of money on Tuesday after trading in 610,228 shares. The sale follows Doughty's decision to exercise share options over 600,000 ordinary shares. The shares were sold at 202.08p, earning hi

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22 Oct 2012 16:28

Devro Chairman buys up despite profit warning

Steve Hannam, the Chairman of FTSE 250 sausage casing supplier Devro, has added to 12,594 shares to his and his wife's stake in the company on the same day the company warned that full-year operating profits will be slightly below expectations, although still ahead of last year. Hannam purchased t

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18 Oct 2012 16:07

Dunelm Finance Director trades in shares from LTIP

Dunelm Group's Finance Director, David Stead, has traded in 43,460 of the 85,215 shares he received after exercising options under the company's long-term incentive plan at no cost. Stead, who joined the homeware chain in 2003, traded in the shares at 679.40p, earning £295,267, which he used to fu

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12 Oct 2012 16:39

Close Brothers Group CEO sells newly vested shares

Preben Prebensen, the Chief Executive Officer of Close Brothers, the FTSE 250 banking, securities and asset management firm, has sold around half of the 20,422 shares which vested under a matching share award made to the director at his appointment in 2009. 10,657 shares exchanged hands at 845.92p

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11 Oct 2012 16:17

Wilmington Group's soon-to-be CFO boosts stake

Tony Foye, the new Executive Director of Wilmington Group, a financial and legal training provider, has bought up 385,000 ordinary shares, significantly boosting his share in the company to 435,000 shares. Foye joined the firm at the beginning of last month and is to become the Chief Financial Off

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10 Oct 2012 16:30

Avanti Comms directors show their faith

It is fair to say that the market was not over the moon about the full year results from satellites operator Avanti Communications, but the directors believe the share price reaction has been overdone, a view they have been backing up with share purchases. David Williams, Chief Executive of Avanti,

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9 Oct 2012 16:11

Dragon Oil's CEO tops up stake

Abdul-Jaleel Al-Khalifa, the Chief Executive Officer of Dragon Oil, an international oil and gas exploration, development and production company, added 3,527 shares to his stake in the company on Monday. The CEO, who has held the role since 2008, paid 525.09p per share, handing over a total of £18

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3 Oct 2012 16:08

Walker Greenback's CEO sells 100,000 shares

Walker Greenback's Chief Executive Officer, John Sach, has sold 100,000 ordinary shares in the company on the same day the luxury interior furnishings group reported an increase in half year sales. The boost to sales came after an upturn in the US interior furnishings industry despite the fact tha

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1 Oct 2012 16:16

Workspace Group CEO boosts stake in company

The Chief Executive Officer of Workspace Group, which specialises in providing office space to start ups, has purchased 112,525 shares, significantly boosting his stake in the FTSE 250 firm. Jamie Hopkins, who took on the role of CEO in April of this year, bought the shares at 266p each for a tota

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11 Sep 2012 09:13

PureCircle's volumes still sub-scale

PureCircle, which produces sweetener products derived from stevia, saw sales dip and losses deepen last year as it moved away from a 'take or pay' contracted sales model. Sales in the year to the end of June eased to $45.41m from $52.26m the year before, with the company at pains to point out that

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1 Aug 2012 10:38

Wang Tak doubles stake in PureCircle

Wang Tak has virtually doubled its stake in PureCircle, the high purity stevia products firm, earning it representation on the UK company's board. PureCircle placed 10m new ordinary shares with Wang Tak at 200p each. That bumped up Wang Tak's stake in PureCircle to 11.7% from 6.0%. PureCircle will

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9 Jul 2012 07:31

Delays hit PureCircle's sales

PureCircle, which makes sweeteners based on the stevia herb, left a sour taste in investors' mouths on Monday as it admitted sales in the second half of its financial year had been below expectations. Sales in the six months to the end of June are expected to be around $30m, which would push full y

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