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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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3 Sep 2013 09:06

PureCircle Names Macquarie Capital As Broker, Agrees Debt Facility With Macquarie Bank

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2 Jul 2013 08:24

Tuesday broker round-up UPDATE

Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati

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24 May 2013 15:36

Hikma Pharmaceuticals shrinks stake

Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, has reduced his stake in the FTSE 250 company, it was announced after Thursday's close. The director, who was the Minister of Health for the Hashemite Kingdom of Jordan from 2003 to 2006, sold 188,445 shares over a period of six d

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26 Apr 2013 15:09

Advanced Oncotherapy CEO makes triple purchase

The Chief Executive of Advanced Oncotherapy, a provider of new technology for innovative and patient-focused cancer treatments, has this week purchased three lots of shares in the group, taking his stake to just under 69.4m shares. On Thursday Sinclair purchased one round of 8.075m shares at 1.59p

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24 Apr 2013 16:03

Persimmon Chairman adds 10,000 shares

The Chairman of FTSE 250 house builder Persimmon has purchased 10,000 ordinary shares one week after the firm accelerated its planned dividend payment strategy. Nicholas Wrigley, who bought the shares at an average price of 1,069p for a total of £106,900, now holds 36,000 shares in the company.

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22 Apr 2013 16:30

InterContinental Hotels director sells 70,000 shares

InterContinental Hotels' President of the Americas has sold 70,000 shares on Monday, reducing his stake to 388,330 shares. The shares were sold for 1,858.95p each for a total of £1.3m. The transaction comes just a few weeks after the company agreed to sell the leasehold interest at its London P

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11 Apr 2013 16:13

Low & Bonar CEO and Finance Director trade in shares from LTIP

Steve Good, the Group Chief Executive of materials group Low & Bonar, has sold a significant portion of the 1.4m shares that recently vested under the company's long-term incentive plan. Of these, he sold 908,676, taking his total stake in the company to 919,098. Mike Holt, the group's Finance Di

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25 Mar 2013 15:55

Another big purchase for Intu Deputy Chairman

John Whittaker has made yet another big purchase in property company Intu, this time buying 195,000 shares at 329.20p. The £641,940 purchase takes his stake in the group to 20.02%, equal to 191.13m shares. Whittaker, who joined the board after selling Intu the well-known Trafford Centre shopping

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22 Mar 2013 16:16

Incoming Chairman at Rolls-Royce buys first round of shares

Ian Davis, the soon-to-be Chairman of Rolls Royce, has purchased his first shares in the company since being appointed to the board at the beginning of March. Davis, who has served on the boards of BP, Johnson & Johnson and McKinsey & Company, bought 5,000 shares at 1,110p at a total cost of £55,5

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21 Mar 2013 15:38

Intu Properties Deputy Chairman continues to build stake

John Whittaker, the Deputy Chairman of Intu Properties, has continued to show his support for the company after it was relegated to the FTSE 250 by boosting his stake in the group to 20 per cent. In two separate transactions the well-known property mogul purchased 600,000 shares worth £1.98m and t

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19 Mar 2013 15:59

Bwin.party non-exec makes double purchase

bwin.party digital entertainment announced Tuesday that one of its Non-Executive Directors has made two purchases following a report by the company admitting profits had suffered a sharp decline. Geoff Baldwin on Friday purchased 226,000 shares at 147.83p, followed by a further 74,000 on Monday at

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13 Mar 2013 16:21

John Whittaker increases stake in Intu

The Deputy Chairman of Intu (formerly Capital Shopping Centres), John Whittaker, has boosted his stake in the group by 60,000 shares two weeks after the company posted a stable set of full year results. Whittaker, who joined the board after selling the well-known Trafford Centre shopping mall to C

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13 Mar 2013 09:19

Pure Circle unveils sweet half-year results

PureCircle posted an 80 per cent increase in half-year sales Wednesday, driven by demand for the company's high purity stevia sweeteners and natural flavours. Sales for the last half of 2012 came to $27.4m, compared to $15.2m in the previous six-month period. Stevia sweeteners and natural flavour

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7 Jan 2013 13:03

PureCircle indicates that first half sales will rise 80 per cent

PureCircle, which produces sweetener products derived from stevia, has said that sales during the first half are expected to be 80 per cent higher than those seen in the same period of the previous year. The firm has put forward a figure of $27.3m, $26m of which are expected to be high purity ste

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26 Nov 2012 16:08

Associated British Foods directors sell newly vested shares

The Chief Executive and the Finance Director at Associated British Foods each sold a portion of newly vested shares on Friday. CEO George Weston sold 65,533 shares at 1,442.65p a time, earning him a total of £945,412, while Finance Director John Bason sold 64,373 at the same price for a total of £

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