LONDON MARKET EARLY CALL: US Stocks Struggle On Tax Reform Worries

IG says futures indicate the FTSE 100 index of large-caps to open 9.82 points lower at 7,438.30 on Friday. The FTSE 100 index closed down 0.7%, or 48.39 points, at 7,448.12 on Thursday. “Downbeat sentiment came after the [US] tax reform hit another stumbling block, causing investors to fret over …

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Is Lloyds Banking Group PLC a ‘bargain’?

For instance, it has been able to reduce its cost to income ratio so that it is now one of the most efficient banks in the FTSE 100. It also performed relatively well in the recent stress tests, which could signal that it is well-prepared for the poten…

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FTSE 100 preview: Index seen lower as US tax worries return

The UK benchmark index looks set to open lower this morning, with investors continuing to digest this week’s string of central bank decisions and ongoing worries over the US tax reform. Lloyds Banking Group (LON:LLOY) will be in focus on the corporate front today, amid the latest developments related …

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ftse 100 price forecast december 15 2017 technical analysis

The FTSE 100 has gone sideways during most of the day on Thursday, as we continue to struggle for a bit of momentum. I think the market is simply looking for value underneath him after the explosive moved to the upside. I fully anticipate that the 7400…

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FTSE 100 seen lower as Wall Street falls amid US tax bill worries

FTSE 100 is called to start the final full trading Friday before Christmas in the red after a weak finish on Wall Street and with Asian stocks lagging. Global market traders are looking at the tax reform bill in the US and jittery about its successful …

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Small Cap Value Report (Fri 15 Dec 2017) – UCG, LUCE, FUL, BOTB, CVR

Good morning!
Apologies for the break in service over the past couple of days.
Best,
Graham

(Please note that I hold shares in UCG)
United Carpets (LON:UCG)
Share price: 8.6p (unch.)No.of shares: 81.4 millionMarket cap: £7 millionHalf-year Report
I …

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Small Cap Value Report (Fri 15 Dec 2017) – UCG, LUCE

Good morning!
Apologies for the break in service over the past couple of days.
Best,
Graham
(Please note that I hold shares in UCG)
United Carpets (LON:UCG)
Share price: 8.6p (unch.)No.of shares: 81.4 millionMarket cap: £7 millionHalf-year Report
I thought I might briefly mention this chain of carpet stores as it’s something I’ve held a position in for a while, and it might be relevant to those of you interested in Carpetright (LON:CPR), SCS (LON:SCS) and others in this sector.
The market cap is very small here, only £7 million, and it’s a tiny company, so I’m certainly not suggesting that anybody else should buy shares in it.
Fortunately, the like-for-like revenue performance remained stubbornly resilient, up 2.9%. This is despite overall revenues falling, as the mix of stores became a little bit more heavily weighted towards franchisees rather than corporate-owned stores, compared to a year ago.
It earns a higher return on franchise stores, so that doesn’t bother me at all.
To support its growing online activities and the Beds operations, there was a slight increase in…

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Small Cap Value Report (Fri 15 Dec 2017) – UCG, LUCE

Good morning!
Apologies for the break in service over the past couple of days.
Best,
Graham
(Please note that I hold shares in UCG)
United Carpets (LON:UCG)
Share price: 8.6p (unch.)No.of shares: 81.4 millionMarket cap: £7 millionHalf-year Report
I thought I might briefly mention this chain of carpet stores as it’s something I’ve held a position in for a while, and it might be relevant to those of you interested in Carpetright (LON:CPR), SCS (LON:SCS) and others in this sector.
The market cap is very small here, only £7 million, and it’s a tiny company, so I’m certainly not suggesting that anybody else should buy shares in it.
Fortunately, the like-for-like revenue performance remained stubbornly resilient, up 2.9%. This is despite overall revenues falling, as the mix of stores became a little bit more heavily weighted towards franchisees rather than corporate-owned stores, compared to a year ago.
It earns a higher return on franchise stores, so that doesn’t bother me at all.
To support its growing online activities and the Beds operations, there was a slight increase in…

Stock Trkr
Small Cap Value Report (Fri 15 Dec 2017) – UCG, LUCE, FUL, BOTB

Good morning!
Apologies for the break in service over the past couple of days.
Best,
Graham

(Please note that I hold shares in UCG)
United Carpets (LON:UCG)
Share price: 8.6p (unch.)No.of shares: 81.4 millionMarket cap: £7 millionHalf-year Report
I thought I might briefly mention this chain of carpet stores as it’s something I’ve held a position in for a while, and it might be relevant to those of you interested in Carpetright (LON:CPR), SCS (LON:SCS) and others in this sector.
The market cap is very small here, only £7 million, and it’s a tiny company, so I’m certainly not suggesting that anybody else should buy shares in it.
Fortunately, the like-for-like revenue performance remained stubbornly resilient, up 2.9%. This is despite overall revenues falling, as the mix of stores became a little bit more heavily weighted towards franchisees rather than corporate-owned stores, compared to a year ago.
It earns a higher return on franchise stores, so that doesn’t bother me at all.
To support its growing online activities and the Beds operations, there was a slight increase in…

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Indonesia Exports Rise More Than Expected In November

Indonesia’s exports and imports grew more than expected in November, data from statistics bureau revealed Friday.

Exports rose 13.18 percent year-over-year in November, faster than the 12.63 percent growth economists had forecast.

Imports surged 19….

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Locked out

The internet of things poses new threats to our security, so how should we be fighting back?

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Patience wears thin with Capita’s gloomy outlook

The FTSE 100 came under pressure yesterday, giving up 48.39 points, or 0.65 per cent, to finish at 7,448.12. Associated British Foods, the owner of Primark, and 3i Group, the private equity firm, traded without entitlement to their latest dividend payout. ABF fell by 43p to £28.60 and 3i edged 4p higher, …

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Troubled Lonmin backs £285m takeover

Lonmin’s board has recommended a £285 million takeover from a South African peer in a deal would draw the curtain on the troubled London-listed platinum producer’s 108-year history. The group, a member of the FTSE 100 as recently as 2011, is set to be acquired by Sibanye-Stillwater, a rapidly …

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Market report: Investors grab a slice of Domino’s Pizza following share buyback

Investors grabbed a slice of Domino’s Pizza after management whetted their appetite by snapping up a larger stake in its Iceland subsidiary and boosted hopes of bigger shareholder returns by announcing a £20m shares buy-back. The FTSE 250 firm almost doubled its stake in the Iceland business to …

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Treasuries Close Roughly Flat After Recovering From Early Weakness

After moving to the downside in morning trading, treasuries rebounded over the course of the trading session on Thursday before closing roughly flat.

Bond prices climbed well off their lows of the session to finish the day slightly higher. Subsequent…

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Post FOMC, ECB, BoE Price Action Setups

The Dollar crumbled yesterday after testing a key zone of resistance, and this keeps the Greenback in a bearish state as we look towards year-end. In this webinar, we looked at price action setups across the U.S. Dollar.

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Crude Oil Rises To $57 As Retail Sales Climb

Crude oil was up Thursday as traders weighed a flurry of ecnonomic news.

Jan. WTI oil climbed 44 cents, or 0.8%, to settle at $57.04/bbl.

U.S. import prices increased in line with economist estimates in the month of November, while export prices ros…

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Dollar Mixed After Central Banks Across The Pond Maintain Rates

The dollar is turning in a mixed performance against its major rivals Thursday afternoon. The buck is up against the Euro, but down against the British pound and the Japanese Yen. Central banks remain in focus a day after the Federal Reserve hiked int…

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Gold Rises Further As ECB Stands Pat

Gold prices rose Thursday as traders continued to assess yesterday’s dovish Federal Reserve statement.

The Fed raised the benchmark U.S. interest rate to a range of 1.25% to 1.5%, but was cautious about future rate hikes amid stubborly low inflation….

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BT climbs to 2-month high on dividend hopes

Falls for both the pound and the euro in response to a dovish message from the European Central Bank made for a mixed wider market. The FTSE 100 ended 0.7 per cent lower, down 48.39 points, to 7,448.12. Sky was down 1.9 per cent to 990p after Disney argued that, if 21st Century Fox’s bid for Sky …

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FTSE 100 finishes in the red as BoE keeps rates on hold

FTSE 100 closed lower after a busy day for Central banks but not much doing on the comapny side. The index of top UK shares closed down over 48 points at 7,448, while mid-cap index FTSE 250 shed over 55 points at 20,006. The Old Lady of Threadneedle Street decided, to no-one’s surprise, to keep …

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