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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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Interserve wins £60m services contract with JLL

(ShareCast News) - Support services group Interserve has won a facilities management services contract worth £60m over its initial three year term with commercial and residential property services company JLL. Interserve will provide integrated facilities services at 18 shopping centres managed by J

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28 Jun 2016 07:18

Interserve Signs Services Contract With JLL Worth GBP60.0 Million

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14 Jun 2016 07:52

Crimson Tide Secures New Three-Year mpro5 Deal With Interserve

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2 Jun 2016 08:00

FTSE quarterly review confirms raft of changes to 100 and 250 indices

(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others

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1 Jun 2016 17:11

Hikma to replace Inmarsat in FTSE 100 index

LONDON, June 1 (Reuters) - Hikma Pharmaceuticals will be promoted to Britain's benchmark FTSE 100 equity index after a sharp rally in its shares since March, while satellite company Inmarsat will drop out of the FTSE. A spokesman for the London Stock Exchange announced the change via telep

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1 Jun 2016 16:14

Hikma Pharmaceuticals Rejoins FTSE 100, Smurfit Kappa Joins FTSE 250

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31 May 2016 10:19

Inmarsat set for FTSE demotion in quarterly review

(ShareCast News) - Satellite communications company Inmarsat could be pushed out of the FTSE 100 by Hikma Pharmaceuticals in June, according to the FTSE Russell. Changes from the latest quarterly review of the FTSE 100, to be announced on Wednesday, will take place on Friday 17 June. Earlier this m

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18 May 2016 08:58

Interserve secures £25m Eastleigh leisure centre deal

(ShareCast News) - Support services and construction group Interserve announced a new contract win on Wednesday, having secured a £25m deal to build one of the biggest leisure centres in the south of England. The FTSE 250 firm said the Fleming Park Leisure Centre in Eastleigh, which is being designe

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18 May 2016 06:52

Interserve Wins GBP25 Million Contract For Eastleigh Leisure Centre

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16 May 2016 14:03

DIRECTOR DEALINGS: Interserve Senior Manager Buys Shares

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13 May 2016 15:03

Dividends Calendar - Week Ahead

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9 May 2016 16:05

LONDON MARKET CLOSE: Commodity Stocks Suffer As Iron Ore, Copper Fall

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LONDON MARKET MIDDAY: Stocks Up Despite China Trade Data Hit To Miners

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9 May 2016 10:19

Berenberg cuts Interserve's target price but leaves rating at 'buy'

(ShareCast News) - Interserve shares fell on Monday as Berenberg cut its target price to 520p from 645p after the support service and construction company highlighted contractual issues in a trading update. Interserve on Friday said expectations for its UK construction division had been "significant

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9 May 2016 08:32

BROKER RATINGS SUMMARY: easyJet And Smith & Nephew Favoured

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