Crocodile
- 12 Nov 2003 22:54
Premarket Futures |
FTSE +15 |
DAX +14 |
DOW +2 |
S&P +0.2 |
Nasdaq +6 |
News: |
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U.S. stocks had a big rally after three days of consolidation
leaving the major indexes close to years highs
BOC Group Industrial reported a three percent fall in
annual profits down to 418.9 million pounds with Analysts forecasts ranged
from 400 to 420 million.
Barratt Developments said that its strong sales
performance had continued into its new financial year. He said sales
reservations since July 1 had grown and that the firm had already secured
over 70 percent of its projected sales for the full year.
Marconi Corp said that half-year losses had narrowed
from last year but its markets remained hard to predict. Its operating loss
for the six months ended September narrowed to 149 million pounds from 485
million a year ago, helped by rising sales.
Invensys selling a large chunk of its assets to tackle
debt, posted a seven percent fall in first-half core operating profit at the
lower end of forecasts. The company said its core operating profit for the
six months to the end of September was 70 million pounds with analysts had
forecast 69 million to 83 million.
BT Group reported a two percent decline in second
quarter turnover but said it would start a share buyback programme and boost
its dividend. Reduced interest payments and cost cuts helped the company
boost underlying earnings per share by 19 percent to 4.4 pence and
underlying pre-tax profit by seven percent to 529 million pounds, both at
the top end of expectations. They announced an interim dividend of 3.2 pence
per share and said the full-year payout would represent 50 percent of
earnings.
Yell, yellow pages said its underlying first-half
earnings rose 13.3 percent, leaving it on track to meet full-year
expectations.
Somerfield said its group like-for-like sales were up
0.9 percent in the first half, an improvement on the first quarter as store
refits helped drive sales.
Capital Radio reported an 18 percent drop in annual
profits but said forecasts for December indicated six months of growth.
Royal Mail back in the black in for the first time in
3 years with a profit of 3 million pounds.
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Calendar:
United Kingdom |
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United States
(GMT) |
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Europe & World (GMT |
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BT Group (I) 514m
Marconi Corporation (I)
Bank of Ireland (I), Invensys (I)
Marconi Corporation (I), Yell (I)
Touchstone Group (I), Yell Group (I)
BOC Group (F), Capital Radio (F)Freeport (AGM)July-Sept. house building statistics (09:00)
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Tiffany Q3, Starbucks Q3
Dell Computer Q3, Kohl's Q3
13:30 Core PPI Oct - 0.1%
13:30 PPI Oct - 0.3% 0.2%
13:30 Retail Sales Oct - 0.1%
13:30 Retail Sales ex-auto Oct 0.3%
14:15 Capacity Utilization Oct - 74.9%
14:15 Industrial Production Oct 0.4%
14:45 Mich Sentiment |
Altadis F Q3. BASF D Q3
Beru D H1. Draegerwerk D Q3
Deutsche Telekom D Q3, Fraport D Q3
Assicurazioni Generali I Q3
Jenoptik D Q3, Linde D Q3
Medion D Q3, RWE D Q3
Kali und Salz D Q3, Siemens D Q3
Telefonica E Q3 |
Crocodile
- 13 Nov 2003 07:44
- 3 of 11
Morning from the traders meeting in Harrogate, still time to join if you want to come along.
Druid2
- 13 Nov 2003 07:55
- 4 of 11
Morning all. Thanks Croc & TP. Have a good day at Harrogate.
Melnibone
- 13 Nov 2003 09:06
- 7 of 11
Morning all,
Nice bounce this morning then straight back to R2.
Looking mainly for FTSE short scalps today.
Should get direction from the US after all the news
at 1330.
With a bit of luck this may be the blow-off before a
correction. Not counting my chickens yet though, there's
been a lot of 'crying wolf' over the last 3 months.
Melnibone
Melnibone
- 13 Nov 2003 16:58
- 9 of 11
Got some nice moves on BT.A today.
Market used the excuse of low growth to take some
money off the table. That one really is a hoary
old chestnut, BT.A has had low growth for several
years now.
What they should be concentrating on is the debt
reduction, share buy-backs and increased yield.
The shares are going to have a higher yield than
the bonds. lol.
It dipped below the 180p support line so I bought and ended
the day long on them. As expected, it closed back
above the 180p support.
Might hold these a little longer, any dips will just
increase the yield and find buyers.
This site really is slow today, whenever I'm logged into
it, it's like pouring treacle into my machine, it slows
everything down.(Except that line of pop-ups that keep
appearing on my task bar.)
Melnibone.
Druid2
- 13 Nov 2003 19:21
- 11 of 11
Glad to see that my ETL & EZJ crept up a bit today. Building longs on both and hope to hold for the long term but moving stops up slowly to lock in profits.