Highlights of the Day
Asian Markets
Japan was a bright spot in global markets, coming off a holiday a day earlier, as stocks elsewhere in the Asia-Pacific region were muted. |
U.S. Markets
U.S. stocks closed higher as investors looked ahead to a key Federal Reserve meeting. Wall Street also cheered a big defense industry deal. |
Today's News
ConvaTec Group announced the European introduction of GentleCath Glide on Monday, which it described as an “intermittent catheter” developed to provide convenient hydrophilic catheterisation for daily users. The firm said the availability of GentleCath Glide in European markets followed its successful launch in the US earlier in the year, and would be supported by the roll out of the ‘me+’ programme for continence care, which was an extension of the company’s direct-to-consumer programme in ostomy care.
Ocado reported a slight acceleration of growth in the third quarter of the year. In the 13 weeks to 27 August, the group generated 13.1% growth in retail sales from its own websites to £312.7m, up from the 12.5% increase in the first half of the year. Along with contracts for other companies, such as Morrison’s, this helped lift group revenue 14.3% to £344.5m. Average order size shrank 1.2% to £106.25, this was less than the 1.4% decline in basket size the first half of the year amid renewed grocery price inflation.
GlaxoSmithKline, alongside Innoviva, announced that the US Food and Drug Administration has approved once-daily, single inhaler triple therapy fluticasone furoate/umeclidinium/vilanterol under the brand name Trelegy Ellipta, for the long-term, once-daily, maintenance treatment of patients with chronic obstructive pulmonary disease (COPD).
Canada’s free trade deal with the European Union will form the basis for the post-Brexit economic relationship between Canada and Britain, UK Prime Minister Theresa May and Canadian Prime Minister Justin Trudeau said Monday. The two leaders also vowed to join forces in a fight to get aerospace giant Boeing to drop its trade complaint against Montreal-based Bombardier, which has a manufacturing operation in Northern Ireland.
Oil prices held largely steady, even as OPEC producers Saudi Arabia and Iraq pointed to a reduction in supplies in line with efforts to tighten the market and prop up prices.
Gold inched up from its lowest in over two weeks as the dollar shed some of its gains from the previous session, with market focus on a two-day Federal Reserve meeting that kicks off later in the day.
Companies Reporting this week
Day |
Companies |
Today: |
Eagle Eye Solutions Group * Purecircle Limited (DI) * Anpario * Augean * Bango * DP Eurasia N.V. (DI) * Escher Group Holdings * Flowgroup * Gulf Keystone Petroleum Ltd Com Shs (DI) * Gulf Marine Services * Judges Scientific * Keywords Studios * Maxcyte (DI) * NAHL Group * Sinclair Pharma * Yu Group |
Tomorrow: |
Accesso Technology Group * Attraqt Group * Cambian Group * Kingfisher * Science In Sport * Shield Therapeutics |
Thursday: |
Kier Group * Pan African Resources * Cambridge Cognition Holdings * Elektron Technology * Mission Marketing Group * Quixant * Safestyle UK * Scisys * Venture Life Group |
Friday: |
Smiths Group * Saga |
Early Market Movements
Market |
Index |
Change |
% Change |
UK 100 |
7,248.7 |
-4.6 |
-0.1% |
UK 250 |
19,475.9 |
+38.1 |
+0.2% |
GER 30 |
12,557.1 |
-2.3 |
-0.0% |
FRA 40 |
5,227.4 |
-2.0 |
-0.0% |
U.S. 30 |
22,331.35 |
+63.01 |
+0.3% |
U.S. 500 |
2,503.9 |
+3.6 |
+0.2% |
OIL (BRENT) |
55.56 |
+0.08 |
+0.1% |
GOLD |
1,307.14 |
-0.30 |
-0.0% |
UK Risers & Fallers (8:15am)
Company |
Price |
Change |
% Change |
Stagecoach |
164.15 |
+4.95 |
+3.1% |
Ferguson |
4640 |
+66 |
+1.4% |
J Sainsbury |
240.1 |
+3.1 |
+1.3% |
Ocado |
286.55 |
-15.45 |
-5.1% |
Coca Cola HBC |
2535 |
-41 |
-1.6% |
NMC Health |
2714 |
-37 |
-1.3% |
Latest Broker Views
Company |
Broker |
Recommendation |
Price |
Target |
Astrazeneca |
Berenberg |
Buy |
4714 |
5800 |
Marshalls Group |
Jefferies |
Buy |
442.3 |
490 |
Ferguson |
Citigroup |
Buy |
4640 |
5220 |
Stagecoach Group |
Liberum |
Hold |
164.15 |
155 |
Forthcoming Economic Data
Time/Date |
Previous |
Forecast |
Outcome |
10:00am: German ZEW Economic Sentiment |
10.0 |
12.3 |
– |
1:30pm: U.S. Building Permits |
1.23m |
1.22m |
– |
1:30pm: U.S.Current Account |
-117bn |
-115bn |
– |
Sources
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1505799613962172900.html
https://www.digitallook.com/news/news-and-announcements/convatec-launches-new-intermittent-catheter-in-europe–2865836.html
https://www.digitallook.com/news/news-and-announcements/ocado-sales-swell-as-order-numbers-surge-in-third-quarter–2865808.html
https://www.digitallook.com/news/news-and-announcements/fda-approves-trelegy-ellipta-inhaler-for-glaxosmithkline-innoviva–2865852.html
http://www.reuters.com/article/global-precious/precious-gold-edges-up-as-dollar-eases-markets-brace-for-fed-meeting-idUSL4N1M007L
https://www.reuters.com/article/us-global-oil/oil-steady-on-tighter-middle-east-supplies-as-rising-u-s-output-weighs-idUSKCN1BT019
http://www.marketwatch.com/story/nikkei-surges-to-2-month-high-but-other-asian-markets-sag-2017-09-18
https://www.cnbc.com/2017/09/18/us-stocks-record-highs-fed-northrop.html