|Bid||0.00 x 0|
|Ask||2,230.00 x 0|
|Day's range||2,156.00 - 2,175.00|
|52-week range||1,901.00 - 2,300.00|
|Beta (3Y monthly)||0.53|
|PE ratio (TTM)||15.62|
|Earnings date||13 Aug 2019 - 19 Aug 2019|
|Forward dividend & yield||0.91 (4.23%)|
|1y target est||1,965.50|
Don't have regrets! Take a look at this FTSE 100 (INDEXFTSE: UKX) income hero before it's too late, pleads Royston Wild.
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on...
Roland Head highlights two FTSE 100 (INDEXFTSE: UKX) income stocks he'd buy today and tuck away for retirement.
DAX hits fresh day low, down 0.8% * Euphoria over tariff relief ebbs * Balfour Beatty on track for best day in 17 years after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://email@example.com FISCAL STIMULUS IN GERMANY: HOW LIKELY, HOW BIG?
Britain's FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year U.S. and UK government bonds fell below two-year equivalents for the first time since the financial crisis, signalling mounting fears of recession. The FTSE 100 index, already under pressure from weak Chinese economic data, ended down 1.4%, with losses across all but one sector.
British insurer Admiral on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years. Admiral, one of Britain's largest motor insurers, reported a pretax profit of 220 million pounds ($265 million), up from 212 million a year earlier and topping the 197.1 million in a company-supplied poll of 13 analysts. "Profit growth, even if modest, is more exciting considering the 33 million pound Ogden headwind," David Stevens, group chief executive officer, said in a statement.
BT Group - class A common stock's (LON:BT-A) dividend is under threat, which makes this FTSE 100 (INDEXFTSE: UKX) income champion a better buy, according to Rupert Hargreaves.
Shares in London-listed companies that make the bulk of their revenue in Britain plunged in recent months as worries about a disorderly Brexit have deepened, while stocks with foreign exposure have beaten the blue-chip benchmark. Domestically focused UK stocks have been shunned by many investors since the June 2016 referendum on European Union membership, and the prospect of a staunch Brexiteer replacing Theresa May as prime minister has exacerbated that trend. JP Morgan's UK domestic plays index that tracks about 30 UK stocks that make all or most of their revenue at home took a turn for the worse in mid-April, when the Brexit deadline was extended to Oct. 31 and the prospect of a leadership change increased.
Today I will examine Admiral Group plc's (LON:ADM) latest earnings update (31 December 2018) and compare these figures...
* STOXX 600 +0.4%, FTSE 100 outperforms +0.6% as sterling plunges * Burberry has best day ever after results * Weaker euro lifts euro-zone bourses * FTSE 250 defies fresh Brexit worries, pound drop Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org BREAKING RANKS: NO BREXIT WOBBLE FOR UK MIDCAPS (1631 GMT) Aside from some notable moves in individual stocks (Burberry and easyJet are standouts), one of the most significant moves today was in London. The exporter-heavy FTSE 100 outperformed its European peers while sterling plunged as investors scrambled to price in a higher chance of the country crashing out of the EU as the two candidates vying to be next PM tried to outgun each other on taking a harder stance on Brexit.
Reach him on Messenger to share your thoughts on market moves: email@example.com INDUSTRIALS OUT OF FASHION (1458 GMT) Industrial stocks are among the most unloved going into the earnings season with analysts sharply cutting profit estimates and fund managers shunning the sector. The dislike for industrial stocks is also evident among money managers: Bank of America Merrill Lynch's fund manager survey released earlier showed investors' take on the sector reversing to a 36% net underweight in July from net 15% overweight in June. With the EU capital goods sector trading at a premium to the wider indices (see below), any small disappointment in earnings is likely to lead to a sharp fall in stock prices.
Insurance rate cuts disappoint insurers, but I think FTSE 100 (INDEXFTSE: UKX) favourites Admiral and Direct Line remain good buys.
British motor insurer Hastings warned on Tuesday of a $10 million hit to its profits from a change in the discount rate used to calculate compensation for personal injuries, with rivals expected to follow. Hastings' shares fell nearly 5%, among the biggest falls on the FTSE mid-cap index, after the company said it would take an 8.4 million pounds ($10.5 million) pre-tax charge in 2019, in response to Britain's decision on Monday to change the so-called Ogden rate to minus 0.25% from minus 0.75%. The change follows lobbying from motor insurers, whose profits were hit by a cut in the rate from 2.5% in 2017.
Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must set aside to cover payouts. The decision by the ministry of justice follows a review in response to lobbying from motor insurers, whose profits were hit by the move to cut the so-called 'Ogden Rate' from 2.5% in 2017. UBS analysts said insurers had been expecting a rate of around 0.5% and had moved to setting their reserves based on a rate of 0%.
The cost of an annual comprehensive motor insurance policy in Britain rose 3.5% in the second quarter of 2019, lifted by a rise in the cost of claims, a survey on Monday showed. The average premium for a comprehensive policy is now 789 pounds ($988.85), according to the latest index from price comparison site Confused.com, compiled by insurance broker Willis Towers Watson. Companies such as Admiral, RSA, Direct Line , esure and Hastings provide cover in Britain’s highly competitive motor insurance sector.
T R-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer ...
Britain's main share index scaled a more than ten-month high on Tuesday driven by gains in internationally exposed stocks that benefited from a weaker sterling. The FTSE 100, whose components book a major chunk of their revenue from overseas, gained 0.8% and hit its highest level since August 2018. The more domestically focused mid-cap index, the FTSE 250, edged 0.1% higher but was subdued as the pound slipped after a survey showed Britain's construction industry suffered its worst month in more than 10 years in June.
London's main index edged up on Monday as gains in defensive stocks such as healthcare were balanced by pressure on Asia-focussed banks, with Sino-U.S. trade talks once again set to take centre stage at this week's G20 summit. The FTSE 100 eked out a 0.1% gain, outperforming the broader European index, which fell on poor German economic data, and as a profit warning from Mercedes-Benz owner Daimler triggered a sell-off in the region's carmakers.
Britain's Saga warned on Wednesday that discounting was taking a heavy toll on its tours business, while an overhaul of its insurance arm has yet to take effect, sending shares in the company catering for the over-50s to a record low. Saga, which is looking to find a new chief executive after Lance Batchelor announced his departure last week, has been trying to shake off its image as only serving "old people" and had begun rebranding after a profit warning in April. Saga's shares, widely held by retail investors since it floated at 185 pence in 2014, have slumped 66% this year.