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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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19 Apr 2016 13:51

Tuesday broker round-up

(ShareCast News) - Telecom Plus: Berenberg downgrades to hold with a target price of 1000p and Finncap reiterates buy with a 1225p target. Greggs: Berenberg upgrades to hold with a target price of 1020p. Zoopla: Credit Suisse reiterates outperform with a target price of 340p. Plus500: Berenberg st

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18 Apr 2016 09:45

WINNERS & LOSERS SUMMARY: Failed Talks Send Oil Down, Travel Stocks Up

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18 Apr 2016 07:38

Interserve wins $230m defence contract

(ShareCast News) - Interserve was celebrating a major contract win on Monday, having been awarded a five year, £230m contract with the Ministry of Defence's Defence Infrastructure Organisation to provide facilities services to the United States Air Force's UK estate. The FTSE 250 support services an

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18 Apr 2016 06:42

TOP NEWS: Interserve Wins Five-Year US Air Force Facilities Contract

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31 Mar 2016 11:11

LONDON MARKET MIDDAY: UK GDP Supports Pound But Leaves Stocks Unmoved

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24 Mar 2016 16:10

Dividends Calendar - Week Ahead

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25 Feb 2016 09:36

BROKER RATINGS SUMMARY: Berenberg Downgrades Next To Hold From Buy

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24 Feb 2016 12:18

LONDON MARKET MIDDAY: Commodity Stocks Weigh As Brexit Fears Hit Pound

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24 Feb 2016 10:49

WINNERS & LOSERS SUMMARY: Housebuilding Sector Remains Buoyant

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24 Feb 2016 07:47

Interserve Profit Rises In 2015 But Sees No Further Growth Until 2017

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24 Feb 2016 07:31

Interserve's full year profit up 28%

(ShareCast News) - FTSE 250 support services and construction group Interserve reported a jump in profit and revenue for the year ended 31 December and lifted its dividend, although it forecast a flat 2016. Pre-tax profit rose 28% to £79.5m, as revenue grew 10% to £3.2bn. Meanwhile, operating profit

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24 Feb 2016 07:23

Interserve profit rises, could sell equipment services unit 

LONDON, Feb 24 (Reuters) - British support services and construction company Interserve reported a 12 percent rise in full year operating profit and forecast that 2016 could be flat, as it said it could sell its Equipment Services unit. Interserve reported headline total operating profit of

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17 Feb 2016 16:02

Earnings, Trading Statements Calendar - Week Ahead

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11 Feb 2016 17:00

LONDON MARKET CLOSE: "Profound Loss In Confidence" Prompts Sell-Off

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