|Bid||7,060.00 x 0|
|Ask||7,062.00 x 0|
|Day's range||6,972.00 - 7,234.00|
|52-week range||75.15 - 8,628.00|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||59.80|
|Earnings date||28 Feb 2020|
|Forward dividend & yield||1.00 (1.39%)|
|Ex-dividend date||30 Apr 2020|
|1y target est||4,810.83|
I think these FTSE 100 shares are too cheap to ignore and have plenty of potential to reward investors when the stock market improves. The post I would use my new ISA allowance to load up on these FTSE 100 bargains appeared first on The Motley Fool UK.
The sharp rise in trading volumes during closing auctions at global stock markets requires more innovation by brokers to capture value for buy-side investors, one of the world's largest asset managers said on Tuesday. Gradually introduced by major stock markets since the late 1990s, auctions held in the final minutes of trade were initially seen as an efficient, hard-to-manipulate way to establish end-of-day prices. The percentage of daily trade taking place in those final minutes roughly doubled between 2014 and 2019 in both Europe and the United States however, NBIM's calculations show, turning them into major trading opportunities with ample liquidity.
The coronavirus market rout was the ultimate stress test for trading exchanges and has also made takeover targets potentially more attractive, with Milan still a favourite, Euronext Chief Executive Stephane Boujnah told Reuters. The pan-European exchange announced last month it would not make a counterbid for Spain's BME, leaving a clear run for Swiss Exchange SIX to complete its takeover of the Madrid bourse. Boujnah said in an interview the price and terms were not right for Euronext, calculating the Zurich exchange operator is paying almost a 40% premium for an exchange that has suffered declining earnings in recent years.
(Bloomberg) -- The U.K. has record-high employment and the lowest jobless rate since the 1970s. But the labor market -- and many workers -- are more vulnerable to the economic fallout from the coronavirus than those headline numbers suggest.For one, pay growth has lagged other major economies and wages are barely higher than they were before the financial crisis. Many more people now work for themselves and almost a million are on zero-hour contracts, with no guarantee of hours from week to week. Charities report continued problems with debt.That’s the flip side of figures showing Britain created more than 3 million jobs over the past seven years, defying the headwinds since the 2016 Brexit referendum.One figure last week starkly illustrated the pressure on households as the shutdown of the economy wreaks havoc on jobs and incomes. Almost a million Britons have claimed universal credit welfare payments in the U.K. in the past two weeks, up from the 100,000-count normally expected in that many days.“The last 12 years have been characterized by record numbers in jobs, but there are these other dimensions, like very very weak real wage growth,” said Stephen Machin, director of the London School of Economics Centre for Economic Performance. “It seems like people in sectors involved with furloughing or even in less secure positions are going to be in serious trouble.”The disease is still spreading, and even Prime Minister Boris Johnson has been hospitalized with it. Here’s a look at why many households will struggle, despite the tens of billions of pounds being spent by the government to help workers through the crisis.Employment stood at a record high of 76.5% before the virus outbreak. One argument goes that companies chose to hire rather than invest in equipment because workers are easy to let go in a downturn.About 8% of workers in employment a month ago have already lost their job due to coronavirus, and for those still in work, the expected probability of job loss in the next four months is more than 30%, according to research from the University of Oxford.A feature of the last decade has been the rise of self employment, including gig economy workers. About 15% of workers now work for themselves, most of them operating alone. Many earn little and lack access to the traditional safety net including sick pay and the national minimum wage. The self employed have suffered more than employees in terms of real income losses, LSE research shows.Britain has had the weakest pay growth of any Group of Seven country since the financial crisis, a reflection of feeble productivity growth. Looking further afield at 35 OECD countries, only Mexico and Greece have fared worse. U.K. workers were only just starting to recover from the longest pay downturn in more than two centuries before the virus outbreak.The lockdown is having the biggest impact on the young, low-paid and female workers, according to new research from the Institute for Fiscal Studies.Many low-income households will struggle to make ends meet. Citizens Advice -- a charity which provides guidance on jobs, welfare and debt management -- had more than 2 million website views between March 22 and March 28, its busiest week ever.Their most-visited page across that period? Advice on what to do if you can’t pay your bills due to coronavirus.Insecure employment may suit those who want flexibility, but many have little choice. The proportion of part-time workers who want a full-time job but can’t find one remains higher than before the financial crisis.“I’m sure if anyone was asked that now, there would be a huge spike in the numbers,” Machin said.A generation ago, poverty was largely confined to pensioners and the unemployed. No longer. More than half of those seeking advice from the debt charity StepChange in 2019 were in some form of work.Wage stagnation, rising housing costs and government spending cuts have exacted a heavy toll. Even before the virus outbreak, StepChange was fielding the equivalent of one call every 49 seconds, while the average client had just 89 pounds ($109) left at the end of each month.“We had seen poverty start to increase again, and in particular for workers,” said Dave Innes, head of economics at the Joseph Rowntree Foundation, an anti-poverty organization. “We’re heading into this in a far-from-ideal situation across society.”(Updates with Johnson hospitalized in sixth graph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Banning short-selling of shares gives the impression of responding decisively to events without achieving any useful result, the World Federation of Exchanges (WFE) said on Monday. In an unusually blunt statement, the global umbrella group for exchanges and clearing houses said bourses already have safeguards like circuit breakers to slow markets during bouts of extreme volatility. Several European Union countries, including Spain, Italy, France and Belgium have banned traders borrowing a company stock with a view to selling it, hoping to buy it back later at a lower price and pocket the difference, a practice that critics say can exacerbate market moves amid panic selling.
The London Stock Exchange said on Thursday it was waiving registration fees for market makers to attract more liquidity in trading that has become volatile due to economic fallout from the coronavirus. "To help provide support to liquidity in stocks admitted to London Stock Exchange’s Main Market and AIM amidst volatile trading conditions, a three month waiver on registration fees for market makers has been applied until the end of June, 2020," the exchange said in a statement.
Regulators will continue to cooperate closely to keep financial markets orderly and open during disruptions caused by the impact of coronavirus on the global economy, global securities watchdog IOSCO on Wednesday. "The fundamental purpose of equity, credit and hedging markets is to support the real economy, and the IOSCO Board is absolutely determined to ensure that they will remain open and functional throughout this difficult period," Ashley Alder, chair of the International Organization of Securities Commissions said in a statement.
The London Stock Exchange said it would allow companies listed on its market to defer payment of dividends for up to 30 days due to coronavirus hitting markets. "As a result of market conditions and issuers implementing their contingency plans, the Exchange has received enquiries from issuers and their advisers regarding deferral or cancellation of their dividend payments," the LSE said in a statement to the market. "From today the Exchange will permit a deferral period of up to 30 business days for payment of a dividend, but no more than 60 business days after the record date."
Britain's financial markets have stayed orderly during the recent significant market volatility, and there is no evidence that short-sellers are the driver of a market rout, the Financial Conduct Authority said on Monday. While some European Union states have temporarily banned short-selling, the FCA said that it, most European countries and the United States have not introduced such curbs.
(Bloomberg) -- London Stock Exchange Group Plc is pushing for annual company meetings to be held over the web this year, while investors are kept away by the coronavirus pandemic.The 300-year old bourse is trying to co-ordinate with regulators, shareholder groups and issuers to relax obligations for listed firms to meet shareholders at least once a year, according to an emailed statement.“Given the unprecedented situation with COVID-19, London Stock Exchange supports time limited measures enabling resolutions to be passed this year by proxy, electronic voting or through the use of virtual AGMs,” the company said.The second quarter usually brings a flurry of mass gatherings for investors in London-listed companies. The LSE has scheduled its own AGM for April 21. This year, the meetings clash with U.K. government advice for the public to stay indoors and counteract the spread of the highly-contagious coronavirus.Many companies have not previously agreed rules that would allow shareholders to vote on resolutions over the web, threatening to stall decision-making at businesses already grappling with fallout from the virus.The Financial Conduct Authority has already advised companies to delay earnings statements that were due in the next few weeks as the economy lurches amid widespread shutdowns.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The London Stock Exchange said it would back temporarily allowing companies to hold their annual general meetings (AGM) online this year due to the coronavirus pandemic. "London Stock Exchange is engaging with stakeholders on behalf of the issuers listed on its market as to whether the authorities should consider time limited exceptions for companies to have flexibility in how they conduct their AGMs during this period," the exchange said on Monday. The Chartered Governance Institute has published guidance on annual meetings during the epidemic, drawn up in conjunction with the Financial Reporting Council, which regulates auditors and corporate governance codes, and law firm Slaughter & May.
Italy is close to approving measures to bolster the special powers it has over key industries to ward off unwanted foreign interest, officials said on Sunday. Since Feb. 23, when Rome imposed the first set of measures to contain the coronavirus outbreak, Milan's all-share stock index has fallen more than 35%. On Saturday, Italy recorded a jump in deaths from COVID-19 of almost 800, taking the overall toll in the world's hardest-hit country to almost 5,000.
Changes to how shares are traded off an exchange in the European Union have been delayed by three months because of the impact of the coronavirus epidemic on banks, the bloc's markets watchdog said on Friday. The European Securities and Markets Authority (ESMA) said enforcing the new "tick" size regime or size of share trades executed at "systemic internalisers", typically big banks, should be delayed to 26 June. Tick size refers to the increments a stock can move up or down, and the new regime formally comes into effect on March 26 to avoid off-exchange venues having a competitive advantage over exchanges.
Keeping markets open in the United States during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint statement on Friday. "Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from the effects of this pandemic," the statement said. Signatories to the statement included the American Bankers Association, CBOE, Nasdaq, CME, the Institute of International Finance and the International Swaps and Derivatives Association.
U.S. Treasury Secretary Steven Mnuchin has sparked a global debate by suggesting New York's trading day could be shortened for a time to help calm stock markets rocked by coronavirus. Greece shut its stock market for nearly five weeks in 2015 at the height of its debt crisis.
The London Stock Exchange said it has no plans to suspend trading that has become volatile as investors dump shares in response to the coronavirus epidemic. "London Stock Exchange continues to operate as normal and there are no plans to suspend trading on our market," a spokeswoman for the exchange said in a statement. "It is important that markets remain open to support companies who will continue to need access to capital and to ensure pricing is conducted in a fair and transparent manner for retail and institutional investors who need ongoing access to liquidity."
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. Among the biggest is the London Stock Exchange's proposed acquisition of Refinitiv. European competition authorities were expected to rule on the deal "around the summer," an LSE board member said in January.
Eurex said on Thursday it has been granted regulatory permission to clear euro-denominated swaps for Japanese customers in a move that should help the German clearing house compete better with rival LCH in London. Eurex, a derivatives trading and clearing unit that is part of the Deutsche Boerse Group, said permission from Japan's Financial Services Agency means it can now offer euro clearing to customers based in Japan. "With this step, we further geographically expand our service offering into Asia and underline our commitment to becoming the global home of the euro yield curve," Eurex Clearing CEO Erik Mueller said in a statement.