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FTSE /DOW COMP

Monday 11 September

Trading Statements

XLMedia,
Crossrider,
Deltex Medical,
EKF Diagnostics,
Be Heard Group,
Cloudcall,
John Laing
Infrastructure Fund

AGM/EGM

Real Estate Credit Investments

SUNDAY PAPERS

Top stories

The Sunday Times: The string of hurricanes devastating the Caribbean and America could cost insurers more than £150 billion - but the boss of Lloyd’s of London said this weekend it would “benefit the sector” because they could raise premiums.

The Sunday Telegraph: Google will launch a fightback against Brussels this week when the company lodges an appeal against its record monopoly abuse fine.

The Sunday Times: BP is to call time on chairman Carl-Henric Svanberg’s chequered seven-year reign by hiring headhunters to find a replacement.

Mail on Sunday: Tesco's £3.7 billion power grab to buy wholesale supplier Booker could destabilise the whole grocery market and severely diminish competition, rival food operators fear.

SUNDAY PAPERS

Business and economics

The Observer: Apple’s stock market value is heading towards a new milestone and its latest product launch on 12 September could push the tech giant closer to becoming the first ever $1 trillion (£760 billion) company.

The Sunday Times: Crisis-hit Bell Pottinger is to collapse into administration tomorrow - amid an escalating row over the PR agency’s spectacular fall from grace.

The Sunday Times: The boom in digital currencies continued last week — in spite of curbs imposed by China — with a data storage start-up completing the largest fundraising to date using internet-based tokens.

The Sunday Telegraph: JD is limbering up to report a jump in sales this week, as it bids to ­allay fears that demand for trendy trainers and yoga outfits is waning.

The Sunday Times: Tata Steel is set to jettison its £15 billion pension fund this week, salvaging a future for the vast Port Talbot steelworks in south Wales.

The Sunday Times: Investors have pulled more than £350 million from Neil Woodford’s flagship UK equity fund following a string of disastrous stock picks.

The Sunday Telegraph: Provident Financial is planning sweeping changes to its controversial doorstep lending business in an ­attempt to reverse a disastrous restructure that led to a pair of crippling profit warnings.

The Sunday Times: Royal Bank of Scotland could appoint its first female chief executive in the coming year, according to sources close to the taxpayer-backed lender.

The Sunday Times: Small businesses have asked the Financial Ombudsman Service to step in after HSBC mistakenly blocked hundreds of accounts, including those of charities and churches, as part of its crackdown on money laundering.

SUNDAY PAPERS

Share tips, comment and bids

Mail on Sunday (Midas share tips): Why now is the right time to join Russia's gold rush with Randgold, Highland and Polymetal going strong.

The Sunday Times: Emerisque Brands, a private equity firm founded by Ajay Khaitan who is on Interpol’s wanted list, has entered exclusive talks to buy the fashion retailers Oasis, Warehouse and Coast from the Icelandic bank Kaupthing.

The Sunday Times: SAIC, the Chinese state-backed giant that owns MG Rover has quietly invested in AutoX, Silicon Valley self-driving car start-up that promises to bring robo-vehicles to the masses.

The Sunday Times: Fears over dwindling TV audiences and a huge price tag have left the £6bn auction of broadcast masts business Arqiva hanging by a thread.

The Sunday Telegraph: Britain's biggest Apple reseller Jigsaw24 has been put up for sale amid mounting concerns that consumers and businesses are holding on to smartphones for longer.

The Sunday Telegraph (Comment): The next crisis will be different, so we need to think the unthinkable.

The Observer (Comment): Why do big hacks happen? Blame Big Data.

PICK OF THE DAY
By " tuckupp " Winter comes quick

You know. . . time has a way of moving quickly and catching you unaware of the passing years. It seems just yesterday that I was young, just married and embarking on my new life with my mate. Yet in a way, it seems like eons ago, and I wonder where all the years went. I know that I lived them all. I have glimpses of how it was back then and of all my hopes and dreams.

But, here it is... the winter of my life and it catches me by surprise...How did I get here so fast? Where did the years go and where did my youth go? I remember well seeing older people through the years and thinking that those older people were years away from me and that winter was so far off that I could not fathom it or imagine fully what it would be like.

But, here it is...my friends are retired and getting grey...they move slower and I see an older person now. Some are in better and some worse shape than me...but, I see the great change...Not like the ones that I remember who were young and vibrant...but, like me, their age is beginning to show and we are now those older folks that we used to see and never thought we'd be. Each day now, I find that just getting a shower is a real target for the day! And taking a nap is not a treat anymore... it's mandatory! Cause if I don't on my own free will... I just fall asleep where I sit!

And so...now I enter into this new season of my life unprepared for all the aches and pains and the loss of strength and ability to go and do things that I wish I had done but never did!! But, at least I know, that though the winter has come, and I'm not sure how long it will last...this I know, that when it's over on this earth...its over. A new adventure will begin!

Yes, I have regrets. There are things I wish I hadn't done...things I should have done, but indeed, there are many things I'm happy to have done. It's all in a lifetime.

So, if you're not in your winter yet...let me remind you, that it will be here faster than you think. So, whatever you would like to accomplish in your life please do it quickly! Don't put things off too long!! Life goes by quickly. So, do what you can today, as you can never be sure whether this is your winter or not! You have no promise that you will see all the seasons of your life...so, live for today and say all the things that you want your loved ones to remember...and hope that they appreciate and love you for all the things that you have done for them in all the years past!!

"Life" is a gift to you. The way you live your life is your gift to those who come after. Make it a fantastic one.

· LIVE IT WELL!
· ENJOY TODAY!
· DO SOMETHING FUN!
· BE HAPPY !
· HAVE A GREAT DAY

Remember "It is health that is real wealth and not pieces of gold and silver.

KEEP an EYE

SXX 27.035p ( 26.94/27.13p )

Has been on a long downtrend from the 36.50p early last June till last Friday where the sudden drop of the last 24 hours to 24.60p, got a change of direction and spike UP to over 27p at the end of the day. There was a "1" share trade that preludes to an RNS most times next day. Currently on development of York Potash Project. the recent retracement was close to 61.8%, a good point to bounce.

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Morning all!

Good morning!

Good morning

FTSE 100 and FTSE 250 opening higher as the $ was a bit weaker and the Far East Markets were on the up

Morning Market Report

http://www.moneyam.com/action/news/showArticle?id=5659704

WINNERS & LOSERS SUMMARY

FTSE 100 - WINNERS

AstraZeneca, up 2.1%. The Anglo-Swedish drugmaker said that alongside its partner MedImmune, it has presented the full progression-free survival data from a planned interim analysis of the phase III PACIFIC trial for Imfinzi. The group said the results show Imfinzi demonstrated a statistically-significant and clinically-meaningful improvement in progression-free survival compared to current standard of care with active surveillance in patients with locally-advanced, stage III, unresectable non-small cell lung cancer who had not progressed following standard platinum-based chemotherapy concurrent with radiation therapy. Results of the phase III PACIFIC trial show an improvement in progression-free survival of more than 11 months in patients treated with Imfinzi compared to a placebo, AstraZeneca said.

Legal & General, up 1.6%, Prudential, up 1.6%, Aviva, up 1.0%. Shares in the insurance companies were higher as Hurricane Irma is showing signs of weakening and could be downgraded to a tropical storm on Monday, having been downgraded to a category 1 storm with winds of less than 100 miles per hour. The National Hurricane Centre said the storm "should continue to lose strength and fall below hurricane intensity" during the day, as it continues its path northwards. "Insurance stocks were under pressure last week as investors feared for the worst because of Irma, and now Aviva, Legal & General and Prudential are all higher this morning as the insurance claims are likely to be less than initially anticipated," said CMC Markets analyst David Madden. Midcap insurers Lancashire Holdings and Beazley were up 7.6% and 5.7% respectively.

British Land, up 1.7%. Deutsche Bank upgraded the commercial property developer to Buy from Hold.

FTSE 100 - LOSERS

Associated British Foods, down 2.2%. The Primark clothing chain owner and food and ingredients company said its full-year outlook has improved further since its last update in early July, meaning annual adjusted operating profit will be "well ahead of last year". The company said: "Since that time we have experienced an even lower level of markdown which has further improved our full-year outlook. Adjusted operating profit for the group will be well ahead of last year." Primark sales for the full year are to be around 13% higher than the previous year at constant currency, driven by increased retail selling space and 1% growth in like-for-like sales. Grocery revenue from continuing businesses are expected to be level with last year while adjusted operating profit is expected to be lower, the company said. The stock is up 16% so far in 2017.

Randgold Resources, down 1.4%, Fresnillo, down 0.8%. The gold miners were tracking spot gold prices lower quoted at USD1,337.27 an ounce compared to USD1,345.47 at the London equities close Friday. "Gold has retreated from Friday's 13-month high [of USD1,357.47] as fears that North Korea would undertake a missile test over the weekend proved to be unfounded," said Mike van Dulken, head of research at Accendo Markets.

FTSE 250 - WINNERS

Derwent London, up 2.6%. Deutsche Bank raised the London-focused property investor to Hold from Sell.

FTSE 250 - LOSERS

Petra Diamonds, down 8.6%. The diamond miner warned a parcel of diamonds from the Williamson mine in Tanzania has been blocked from export to Petra's marketing office in Antwerp and certain key personnel from the operation are currently being questioned by the authorities. Petra Diamonds, responding to recent media reports about the findings of an investigation into the Tanzanian diamond sector by a parliamentary select committee, said the "grounds upon which these actions have been taken have not been formally made known to the company as yet". The Williamson mine is held 75% by Petra and 25% by the government, and Petra said "all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process". Petra follows Acacia Mining to become the second major London-listed miner to have suffered problems in Tanzania following new legislation introduced earlier this year. Acacia was down 1.4%.

Carillion, down 4.5%. The construction company said Finance Director Zafar Khan is leaving the company with immediate effect, confirming a Sky News report. Khan's departure after only nine months in the job is a further blow to the company after a profit warning given in July which sparked fears for the support services firm's long-term future. Khan is to be replaced by Emma Mercer, who has held several senior positions at Carillion since joining in 2008, most recently as finance director of the UK construction arm. Prior to this, she had served as chief financial officer and senior vice-president of Carillion Canada. The unexpected profit warning led the company to put aside GBP845 million following a review of its material contracts due to a "deterioration in cash flows". Shares are down 82% so far in 2017.

Midday Market Report

http://www.moneyam.com/action/news/showArticle?id=5659704

Some oil stock on the weak side

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Banks much the same, lower after being up earlier and FTSE losing ground, though the DOW opening well up with 187 points higher

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VOLUME AND RISING

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VOLUME AND RISING

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re - SXX 26p -1.03p

update 9:30am
For the last 30 minutes there is a seller on the order book currently @ 26p, the order book is placing 50K from the iceberg @ 26p as the last of thee orders is taken with "AT", how big is it is another thing but not able to see.

update 10am
When MMs know there is a seller, the order book is being manipulated down so the seller does not get good prices, this has been going on for some time now and the reason for the large fall.
Once is gone MMs move the order book strong and bounce back strongly like last Friday

Currently the iceberg places 38.4K @ 26p as the order to sell diminishes but someone placed a small sell lower 25.97p
Dispite large buys, till the sell order is done will keep weak

Update 10.15am
The rumour out of Israel that ICL are in talks with SXX to offload Boulby.

"Israel Chemicals has held preliminary discussions with the British company Sirius Minerals to sell its British mining operations for a price that could reach between $150 million and $200 million.
Although ICL’s Boulby mine in Yorkshire has traditionally focused on potash, which is the parent company’s flagship product, Sirius is really interested in the polyhalite mining that the Israeli company has developed in recent years."

End of the day

Thank you for what you taught me.
Please keep teaching my hungry mind!

Nice intraday reversal on the banks. Some parties continuing to sell banks no matter what it seems.

I'm guessing the selling will continue until BOE decision although I'm only looking to go long at these prices as I think the wording of the BOE statement will again show interest rate rises are closer than the market expects