Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.84
    +0.03 (+0.04%)
     

  • GOLD FUTURES

    2,328.90
    -9.50 (-0.41%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,610.37
    -1,687.72 (-3.17%)
     

  • CMC Crypto 200

    1,385.35
    -38.75 (-2.72%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

BUZZ-European Telcos: JP Morgan finds difficult to advocate buying

Reuters - UK Focus

** JP Morgan sees little justification for buying Telcos on fundamental grounds, with sector revenue growth still elusive and relative valuation unexciting

** However, brokerage says out-performance could be supported by industry M&A

** Brokerage downgrades Sweden's Telia to "neutral" as it sees continued pressure on Swedish EBITDA and says valuation is now less attracitve

** JPM continues to expect some upside on the cashflow and dividend front, but notes two downside risks: deteriorating Sweden weighing on EBITDA (organic: 9M18: -2%, 4Q18e: -6.5%) and integration risks related to Bonnier

** Brokerage names top picks, which include BT, Elisa (EUREX: 813397.EX - news) , Euskaltel (Berlin: 28655195.BE - news) , Orange (LSE: 0OQV.L - news) , PROX , and Vodafone