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Premarket Futures | FTSE +8 | DAX +12 | DOW -39 | S&P -4.5 | Nasdaq -7.5 |
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U.S.stock markets ended near where they started the session, but could do well tomorrow following an after hours quarterly report from Cisco the No. 1 maker of computer network gear which reported better then expected profits up over 76% With US futures being down and large losses in Asia over night the UK futures do look overvalued at +8 Volumes may be light this morning ahead of the BOE rate announcement. Boots revealed an expected dip in half-year profits on Thursday and said second-half gross profit margin at its main chain would fall as it cuts more prices. Profits slipped to 265.9 million pounds down 4.9 percent from last year, before Boots sold the Halfords chain. That was in line with analysts forecasts of 252-273 million pounds for the six months to the end of September. The dividend was raised to 8.8 pence. BAA airports operator said it had a pre-tax profit of 312 million pounds near the top end of analysts' forecasts but this was a fall of 4.3 percent fall for the first 6 months. It continued to forecast four percent growth in passenger traffic for the year to the end of March. MyTravel warning that it expected to report an operating loss for the second half of its financial year and that trading in the UK had been weaker than expected since it had issued an update in August. Big Food Group said that half-year profits more than doubled from a year ago, helped by a turnaround at its Iceland frozen food chain. This ws at the middle of analysts forecasts,Telewest said its third-quarter underlying earnings rose 18 percent and the number of customers increased slightly. Despite this they posted a loss of 119 million pounds. McCarthy & Stone builder of retirement homes reported a forecast-beating 54 percent rise in annual profits on but forecast tougher trading conditions in the current year. |
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