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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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15 Jan 2019 09:54

Public sector outsourcing rocket 53% in 2018 despite struggles

(Sharecast News) - GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.

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21 Dec 2018 07:43

Interserve and lenders agree terms for debt-for-equity swap

(Sharecast News) - Interserve has negotiated the main terms of a debt-for-equity swap with its lenders, with a portion of new shares offered to existing and new investors through a public offering.

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12 Dec 2018 09:57

One third of government's expenditure goes to external suppliers

(Sharecast News) - The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.

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10 Dec 2018 16:59

LONDON MARKET CLOSE: Brexit Vote Uncertainty Hits Pound, Housebuilders

LONDON (Alliance News) - Sterling sank on Monday as Brexit uncertainty was prolonged with the delay of a crunch House of Commons vote on Prime Minister Theresa May's controversial withdrawal a

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10 Dec 2018 12:04

LONDON MARKET MIDDAY: Pound Down As UK Growth Slows, Brexit Vote Looms

LONDON (Alliance News) - Sentiment among equities investors was subdued in London on Monday following weak economic data out of China over the weekend, but the foreign-earner heavy FTSE 100 index

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10 Dec 2018 10:59

WINNERS & LOSERS SUMMARY: Just Group Jumps 23% On Regulatory Decision

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

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10 Dec 2018 08:49

LONDON MARKET OPEN: Trade Fears And Weak China Data Sends Stocks Lower

LONDON (Alliance News) - Share prices in London opened lower Monday, following a string of weak economic data from the US, China and Japan and ahead an key week for UK politics and a European Bank

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10 Dec 2018 07:52

Interserve crashes to new low as banks discuss debt swap

(Sharecast News) - Interserve said it was in talks with its banks about converting a "substantial proportion" of its debt pile into new equity, sending its shares crashing more than 70% on Monday morning.

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10 Dec 2018 06:52

Interserve Confirms Deleveraging Plan To Result In "Material Dilution"

LONDON (Alliance News) - Interserve PLC on Sunday said it continues to trade in line with its expectations for 2018 and intends to publish its finalised deleveraging plan in early 2019.The

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8 Dec 2018 11:30

PRESS: Interserve Shareholders Face Wipe Out From New Debt Talks - FT

LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the outsourcing firm and creditors, the Financial to

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23 Nov 2018 10:36

WINNERS & LOSERS SUMMARY: Flybe Up 37% On Virgin Atlantic Bid Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.1%. The budget airline rose after Sky is

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23 Nov 2018 10:22

Interserve disappoints on debt guidance

(Sharecast News) - Interserve, the construction and services company, said net debt would swell more than expected this year but maintained targets for cost-cutting and "significant" profit growth.

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23 Nov 2018 08:40

Interserve Expects Higher Operating Profit Despite Construction Loss

LONDON (Alliance News) - Interserve PLC said Friday it expects to record a significant improvement in operating profit for 2018, although its UK construction business is likely to post a small the

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23 Nov 2018 07:50

LONDON MARKET PRE-OPEN: Ibstock Sells US Unit; Indivior Gets Approval

LONDON (Alliance News) - London share prices are seen opening marginally lower on Friday which would add to a sharp fall on Thursday, as lingering concerns over global growth continued to weigh on

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2 Oct 2018 10:40

Interserve sells scaffolding, industrial business for £3.6m

(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3.6m in cash, but at a loss of £8.4m.

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