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London pre-open: Stocks to gain ahead of non-farm payrolls, Eurozone GDP, UK inflation expectations

Fri, 05th Dec 2014 07:41

London's blue chips are set to open in positive territory on Friday ahead of non-farm payrolls, with City sources predicting the FTSE 100 will open around 25 points higher than Thursday's close of 6,679.37.The Labor Department's non-farm payrolls report is expected to show that US companies added 228,000 jobs in November, with the data set to be closely watched as the Federal Reserve looks for indications that the economy is healthy enough to raise interest rates.The report comes a day after a report showed initial jobless claims rose 297,000 in the week to 29 November, more or less in line with the 295,000 forecast.CMC Markets UK analyst Jasper Lawler said: "After last month [non-farm payrolls] missed estimates at 214,000, anything above 200,000 without being too close to 300,000 and risking a sooner rate hike from the Fed should be supportive of stock markets, but a miss in estimates may be enough to see dollar weakness."Also on the economic agenda Friday is the release of the Bank of England (BoE) and GfK's inflation expectations for the next 12 months. The BoE on Thursday said it would keep its policy unchanged, as expected.Eurozone gross domestic product (GDP) for the third quarter will also be unveiled, as the European Central Bank monitors the economy after announcing it would maintain policy this week.In company news, oil and gas explorer Ophir Energy has signed a production sharing contract with the Myanmar Ministry of Energy. The deal finalises the award of Block AD-03 offshore Myanmar, in which the group has a 95% operating interest. The group will re-process existing 2D and before acquiring 3D seismic data as part of the initial exploration period.Interserve, the support services and construction group, has acquired the Employment & Skills Group (esg), a UK-based provider of vocational training, skills and employability services, for a cash consideration of £25m. esg is one of the UK's largest private sector providers of training and employment services for government and employers, the group said.Civil engineering group Balfour Beatty has rejected a proposal from an infrastructure fund to acquire its entire public-private partnership (PPP) portfolio for about £1bn. Balfour said the bid from John Laing Infrastructure Fund (JLIF) "falls significantly short of its own view of the value of the portfolio.
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5 Mar 2019 13:27

Interserve Refuses To Halt Deleveraging Plan After Coltrane's Request

LONDON (Alliance News) - Interserve PLC on Tuesday said a proposal received from Coltrane Asset Management LP would require it to immediately halt the implementation of its previously announced it

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4 Mar 2019 18:19

Interserve Considers Updated Proposal From Coltrane Asset Management

LONDON (Alliance News) - Interserve PLC on Monday said it is considering an updated proposal from Coltrane Asset Management LP.Shares in Interserve closed down 11% at 15.80 pence on the of

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27 Feb 2019 10:46

WINNERS & LOSERS SUMMARY: Ocado And M&S Top And Tail FTSE 100 After JV

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Rio up a

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27 Feb 2019 10:10

Interserve Loss Narrows On Costs Cut, Seeks Deleveraging Plan Approval

LONDON (Alliance News) - Interserve PLC on Wednesday said cost reductions under its Fit for Growth restructuring plan helped to narrow its loss in 2018, and urged shareholders to vote in favour of

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27 Feb 2019 09:33

Interserve seeks to win over investors with new rescue deal

(Sharecast News) - Interserve, the troubled government contractor, has updated its proposed rescue package as it looks to win over investors and stave-off a Carillion-style collapse.

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22 Feb 2019 16:20

Interserve receives mystery 'proposal' from Coltrane

(Sharecast News) - Interserve said it has received and is considering an "outline proposal" from major shareholder Coltrane Asset Management.

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22 Feb 2019 16:14

Interserve Remains Committed To Achieve Deleveraging Plan

LONDON (Alliance News) - Interserve PLC on Friday said it remains committed to achieving a consensual deleveraging plan as it received an outline proposal from Coltrane Asset Management.The

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15 Feb 2019 09:54

PRESS: Interserve's Shareholder Deadlock Could Result In Liquidation

LONDON (Alliance News) - Interserve PLC's spat with its biggest shareholder over a debt-for-equity swap with lenders could potentially force the outsourcing company into liquidation, the a to

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12 Feb 2019 09:31

Interserve Executive Director Steps Down Amid Shareholder Coup

LONDON (Alliance News) - Interserve PLC said on Tuesday that Executive Director Dougie Sutherland will be leaving the company's board with immediate effect, and then Interserve itself on is of

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6 Feb 2019 10:39

WINNERS & LOSERS SUMMARY: Ocado Expects Hit To Sales Growth After Fire

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Barratt

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6 Feb 2019 08:42

LONDON MARKET OPEN: Barratt Shareholders Gain, Interserve's Wiped Out

LONDON (Alliance News) - London stocks got off to a slow start on Wednesday, taking a pause after Tuesday's impressive rally. Barratt Developments was among the best in the a

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6 Feb 2019 08:27

Interserve agrees debt deal, faces vote to replace board

(Sharecast News) - Interserve on Wednesday said it had agreed a debt deal with its lenders but had also received a letter from a 5% shareholder requesting a general meeting to remove the entire board, apart from chief executive Debbie White.

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6 Feb 2019 08:24

TOP NEWS: Interserve Shareholder Wants Steinhoff Executive Installed (ALLISS)

LONDON (Alliance News) - Interserve PLC on Wednesday confirmed a shareholder is seeking to remove its entire board, bar the CEO, while it has also agreed a plan to issue a significant amount of of

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6 Feb 2019 07:46

LONDON MARKET PRE-OPEN: Barratt Profit Up; Interserve Gets Debt Deal

LONDON (Alliance News) - Stock prices in London on Wednesday are set to pull back from Tuesday's rally, while the pound remained below the USD1.30 mark after disappointing UK data released in

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4 Feb 2019 06:55

PRESS: Interserve To Swap GBP300 Million Of Debt For New Shares - Sky (ALLISS)

LONDON (Alliance News) - Interserve PLC is closing in on a rescue deal to swap almost a half of its debt for shares in the company, Sky News reported late Sunday.The news website said the

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