| | Thursday 20 December 2012 QUOTE OF THE DAY The class distinctions proper to a democratic society are not those of rank or money, still less, as is apt to happen when these are abandoned, of race, but of age
- Wystan Hugh Auden
THIS MORNING IN LONDON FTSE 100 5,967.32 
5.73 0.10% FTSE 250 12,421.99
19.58 0.16% FTSE 350 3,190.71
3.32 0.10% FTSE All Share 3,125.52
3.20 0.10% AIM 100 3,107.06
6.79 0.22% AIM All Share 694.53
1.66 0.24% 11:52 am
ADVERTISEMENT Tired of Trading Home Alone? CLICK HERE
Stocks pause on 'fiscal cliff' concerns UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas.
Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high.
Stocks finished slightly higher on Wednesday after Standard & Poor's upgraded Greece's credit rating to 'B-minus' and the IFO German business climate index beat expectations. However, gains were pared by the close after the White House Communications Director Dan Pfeiffer said that President Barack Obama would veto any 'plan B' from House Speaker John Boehner.
"These frictions in Washington dashed hopes built earlier this week on talks of a compromise between both parties and the fact that negotiations stepped-up a gear," said market strategist Ishaq Siddiqi from ETX Capital.
"It now looks less likely that we will have a deal to avert the crisis just before the deadline at the end of this month - as such, investors are taking no chances before the last full trading week of the year ends and booking some profits on relatively overbought European indices," he said.
FTSE 100: Weir in demand after acquisition
Engineering solutions group Weir rose after announcing that it is to buy pressure control rental equipment firm Mathena for £148m as it attempts to up its exposure to the fast-growing shale oil and gas market.
Investec this morning raised its target price for the stock from 2,020p to 2,100p and reiterated its 'buy' rating, saying that the purchase "fits in nicely with Seaboard and diversifies Oil & Gas revenues away from the pressure pumping market".
Outsourcing giant Serco gained after saying that it is on track to meet expectations for 2012 as it announced the sale of two operations at a loss. The firm said it expected to deliver a year of strong total revenue growth, including good organic growth.
Distribution and outsourcing firm Bunzl extended losses following yesterday's pre-close trading update. JP Morgan Cazenove and UBS both cut their target prices for the stock this morning.
Defence and aerospace group BAE Systems rebounded this morning following yesterday's admission that it is struggling to agree on a price for the supply of 72 Typhoon aircraft with Saudi Arabia. The company said that if it cannot come to an agreement, it would reduce its full-year underlying earnings per share by around three pence per share.
FTSE 250: Lancashire and Amlin in the red
Insurance outfit Lancashire Holdings fell after estimating the impact Hurricane Sandy on the business will be in the region of $40-60m. Sector peer Amlin put its losses from the US superstorm at £145m, most of which comes from reinsurance claims.
Construction firm Balfour Beatty gained after saying its half-owned Hong Kong builder, Gammon Construction, had won a contract worth £270m.
Transport group Go-Ahead was flat after saying that it has compensated London Midland customers with £7m of benefits after they were disrupted by cancellations and delays last year.
FTSE 100 - Risers
Weir Group (WEIR) 1,883.00p +3.92%
Aggreko (AGK) 1,759.00p +3.47%
InterContinental Hotels Group (IHG) 1,696.00p +2.23%
Aberdeen Asset Management (ADN) 365.00p +1.84%
GKN (GKN) 231.10p +1.76%
BAE Systems (BA.) 347.20p +1.55%
British American Tobacco (BATS) 3,131.00p +1.16%
CRH (CRH) 1,238.00p +1.14%
Intertek Group (ITRK) 3,163.00p +1.12%
ARM Holdings (ARM) 783.50p +1.10%
FTSE 100 - Fallers
United Utilities Group (UU.) 676.00p -1.74%
Bunzl (BNZL) 1,007.00p -1.27%
Reckitt Benckiser Group (RB.) 3,917.00p -1.21%
BG Group (BG.) 1,012.00p -1.08%
Melrose Industries (MRO) 231.60p -1.07%
Polymetal International (POLY) 1,168.00p -1.02%
Fresnillo (FRES) 1,893.00p -0.94%
Rexam (REX) 441.00p -0.90%
Burberry Group (BRBY) 1,238.00p -0.88%
Smith & Nephew (SN.) 679.50p -0.88%
FTSE 250 - Risers
Vesuvius (VSVS) 338.50p +4.48%
Perform Group (PER) 383.40p +3.62%
Man Group (EMG) 86.10p +3.11%
Ocado Group (OCDO) 82.00p +2.56%
Petra Diamonds Ltd.(DI) (PDL) 109.50p +2.34%
William Hill (WMH) 358.50p +2.28%
Investec (INVP) 423.70p +2.07%
Talvivaara Mining Company (TALV) 103.30p +1.97%
TUI Travel (TT.) 291.90p +1.88%
Bumi (BUMI) 273.50p +1.82%
FTSE 250 - Fallers
Telecity Group (TCY) 777.50p -2.81%
Rank Group (RNK) 144.10p -2.64%
Ferrexpo (FXPO) 251.50p -2.48%
Heritage Oil (HOIL) 183.90p -2.28%
Chemring Group (CHG) 236.60p -2.23%
Computacenter (CCC) 413.50p -2.11%
Imagination Technologies Group (IMG) 406.30p -2.10%
Savills (SVS) 445.30p -1.94%
African Barrick Gold (ABG) 434.40p -1.81%
Bank of Georgia Holdings (BGEO) 1,013.00p -1.75%
WHAT THE BROKERS SAY Vodafone: Nomura has kept its 'neutral' rating for the telecoms group, saying that the costs from last week's Dutch spectrum auction raise more questions of the company's 'inflated' dividend.
Weir: Investec has raised its target price for the engineering group from 2,020p to 2,100p and reiterated its 'buy' rating for the stock, following Thursday's announcement that it is set to acquire pressure control provider Mathena.
Click here for the rest of the broker recommendations
THE LATEST ON THE CRAZY BOARD The top 5 hot company threads on the Bulletin Board: Caza Ocado Iomart Group Supergroup The Running Trading Thread
Click here to discuss shares with other ShareCrazy members |
|
| | | |
| | |
|
If you do not wish to receive such emails please use the following link to unsubscribe. Sharecrazy.com Limited is an Appointed Representative (FSA registered number 245145) of Rivington Street Corporate Finance Limited which is authorized and regulated by the Financial Services Authority (FSA registered number 184761). Sharecrazy.com Limited is ultimately owned by Rivington Street Holdings PLC, 39 Athol Street, Douglas, Isle of Man IM1 1LA, the holding company for other regulated entities such as t1ps.com Limited and Rivington Street Corporate Finance Limited. Sharecrazy.com Limited does not offer investment advice. The website and the articles on it are for general guidance only and we cannot assume legal liability for any errors or omissions they might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about investing, seek the guidance of a suitably qualified and regulated financial adviser.
The appearance of an advert does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, T1ps.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
The appearance of an advert on the site or via email from ShareCrazy.com does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, ShareCrazy.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
The appearance of an advert does not mean that we endorse the advertiser's goods or services. While we will not knowingly run an advert that is untrue, ShareCrazy.com is not responsible for the accuracy of any advertising material or the accuracy of the description of an advertised product or service anywhere on our websites.
We do not recommend or endorse any vendor/trainer/product/service other than our own. It is up to each member to decide whether what an advertiser offers is right for you. We take every care to ensure that scams and spamming are not run on this website, but we recommend that any purchaser/service user take every precaution possible to satisfy themselves of the authenticity of any service/product purchased and responsibility for this lies solely with the purchaser.
No comments:
Post a Comment