Investments and investor services
WH Smith, Hunting and Hays to be in Thursday’s spotlight
Retailer WH Smith heads the highlights for Thursday's schedule.
Company
LON:HAS
Hays plc is a United Kingdom-based recruitment group engaged in the provision of specialist recruitment of permanent and temporary, professional and technical staff. The Company operates in three geographical segments: United Kingdom and Ireland, Continental Europe and Rest of World, and Asia Pacific. As of June 30, 2008, the Company operated in 19 countries in the region and has opened operations in Hungary and Denmark. It operates in various sectors, such as accountancy and finance, construction and property, information technology, sales and marketing, banking, contact centers, education, executive, financial services, healthcare, human resource, legal, oil and gas, pharmaceutical, purchasing, resource management, and resources and mining.
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Investments and investor services
Retailer WH Smith heads the highlights for Thursday's schedule.
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The week ahead will see interims from the Restaurant Group, Petrofac, Hunting and Bunzl along with full year results from Hays and a trading update from WH Smith
Hays said its strong cash position and underlying trading will “enable the board to consider increasing shareholder returns significantly"
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In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
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The day ahead includes trading updates from Hays and Experian
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Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Hays said net fees in the UK and Ireland fell 2% in third quarter as employers exercised caution amid Brexit uncertainty
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The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
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It looks like it will be the same old story for WH Smith, with sales flying in travel but challenges remaining in its high street stores
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Tuesday brings Robert Walters first quarter trading statement, it will be the first in the series of updates from the sector.
The UK blue chip share index finished around 11 points higher at 7,194
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The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
The FTSE 250-listed recruiter reported half-year pre-tax profit of £113.9mln, up from £96.2mln a year earlier, as revenue rose to £2.83bln from £2.48bln
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In London, the FTSE 100 closed down around 29 points at 7,252
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Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
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Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
No prizes for guessing which region was letting the side down
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Tesco, Marks & Spencer and ASOS are next on the agenda.
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Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
The near-term outlook for Hays and Page’s non-UK business is strong, but both stocks are on historically high price/earnings ratios
Hays said conditions in the UK remain stable while conditions "remain good" in the majority of its international markets
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
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Sky updates the market on Thursday as the takeover target carries on business as usual.
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The Week Ahead includes trading updates from media firms Sky PLC and Trinity Mirror PLC, as well as news from defence group BAE Systems PLC, and minutes from the FOMC meeting
The Swiss bank’s analysts said: “We now expect cyclical upgrades to continue in the near term as indicators remain strong, and see mid-term structural upgrades as a positive price/mix shift (e.g. Germany) drives margins to new highs.”
Car finance applications and transactions in the half year were both up around 20% on a year ago
Hays reported a rise in full year profits and net fees as growth in its international businesses offset a decline in the UK and Ireland where business confidence has been knocked by Brexit
Copper is like Arsenal’s Per Mertesacker crossing the halfway line with ball still at feet – in nose-bleed territory, or at least at levels last seen three years ago
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The day ahead includes the quarterly FTSE reshuffle announcement and full year results from UK recruiter Hays
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The week ahead includes results from Bunzl PLC, Hays, PLC, Ladbrokes Coral PLC, a trading update from WH Smith PLC, and the September US jobs report
Hays has reported a record quarterly performance as growth in international net fees offset a decline in the UK
The Footsie closed down on the day but up on the week
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Day ahead: Trading updates from Hays, Ashmore Group; US CPI inflation numbers ...
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Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
It has also created a new business, Time Out Market, described on the site a culinary and cultural experience.
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Recruitment firms Hays, PageGroup and Robert Walters have reported a pick-up in UK trading post Brexit while British companies in manufacturing and services are struggling to fill roles
HSS Hire's boss is leaving amid continued struggles at the company
Hays reported a 4% decline in net fees in its UK and Ireland business in a sign that employers are more cautious about hiring amid Brexit uncertainty
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Yesterday the FTSE 100 briefly rose above 7,400 ... today, a sub-7,300 level beckons
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The UK's second largest ten-pin bowling operator, Ten Entertainment will have an initial market cap of £107.25mln when conditional trading starts in London
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Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
Neutral seems the default position of the broking community, with 12 analysts sitting on the fence; four rate it as a ‘strong buy’; one as a ‘sell’ and two as a ‘strong sell’.
In a half-year update, the FTSE 250-listed group said its net fees rose to £465.5mln in the six months to December 31, up from £396.9mln a year earlier.
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FTSE 100 shares ended higher on Wednesday, as Unilever talked up a review to show more shareholder value and Lloyds Banking posted its highest profit in a decade
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Lloyds is forecast to report a a jump in 2016 pretax profits to around £4.4bn, up from £1.6bn a year earlier when it was hit by a huge bill for PPI scandal provisions.
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Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Recent macro data has been better than expected, and the outlook for staffing markets in major economies has shown some improvement
The group as seen some early signs of recovery in the private sector in the UK & Ireland.
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
Will there be a construction boom under the new president? One broker things there may be.
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“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
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A look at some of the major Brexit developments this week.
Capita has already issued a major profit warning but more pain may be on its way said the broker.
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Vodafone, Centamin and Mondi have each been given the spotlight treatment.
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A look at some early analyst views across the City
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A look at some more Brexit topics in the last week of August
London shares ended lower on Thursday as a robust manufacturing survey was interpreted as adding to production costs, rather than boosting exports in the wake of Britain’s vote to leave the European Union
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The Footsie pared earlier gains, although the UK-focused FTSE 250 rebounded
Recruitment firm said UK business weakened significantly at the end of the financial year
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The FTSE 100 rose 23 points to 6804.52, while the FTSE 250 gained 40 points
Recruitment firm set to report hiring trends since EU referendum result
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London's rising and falling stocks today at around 4.15pm
Broker Investec rates shares a 'buy' but has slashed its target price back to 390p from 470p.
Youth-orientated fashion firms ASOS and Supergroup go head to head, while a bit further up-market Burberry may regard the Brexit fall-out as a mixed blessing
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The broker moves both recruiters Hays PLC and Michael Page International to 'sell' from 'hold'.
Positive indications from Nike, Adidas and other sportswear firms suggest another good set of results are on the way from trainer and premium leisurewear retailer JD Sports.
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Footsie continued lower on Wednesday as there were jitters about a possible Brexit and UK retail figures disappointed...
The Footsie fell 85 points as business leaders queued up to urge the British public to vote to stay in the EU
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Precious metals miners may be doing OK but the rest of the sector is getting clobbered.
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Markets and the pound fell on fresh warnings about a UK exit from the EU
Growth slowed toward the end of the half in the UK and Australia as increased global uncertainty impacted sentiment, Hays said.
Happy days are set to continue for Barratt Developments but Interserve might be finding the going a bit tougher
It's a heavy week for trading updates, with the banks to the fore
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The end markets for temporary power giant Aggreko (LON:AGK) remain in dire straits, reckons US heavyweight broker Jefferies.
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Car insurer Admiral has plenty of 'vroom' left in the tank, reckons broker Numis
The company laid to rest fears it had suffered as badly as sector peer Michael Page
Tuesday's data from Kantar Worldpanel suggests Sainsbury's had a good Christmas
UK Mail seems to have ironed out the wrinkles at its hub near Coventry.
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
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Lonmin, Pearson, SThree, Hays, and Robert Walters are in Thursday's broker spotlight
Investments and investor services
Caution on the growth outlook and the lack of any increase in the number of hawks on the committee makes a rate hike this year unlikely
London’s blue chips rallied after a weak start as interest rates dominated sentiment across Europe.
Despite a strong quarter, particularly in continental Europe, Hays was wary of the macro-economic environment.
Footsie eased 7 points lower at 6,329 even though there were good gains overnight for markets in the US and Shanghai.
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Below are the main news-driven share price movements at 4pm.
Aside from a closely watched interest rate decision from the BoE, corporate announcements on Thursday include trading updates from construction and support services firm Carillion and sugar giant Tate & Lyle.
Tesco and Vedanta catch the eye next week which kicks off with the Conservative party conference.
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Britain's blue chips closed Thursday over 3% higher as traders put recent worries behind....
Chinese markets rose "as state-directed investors bought shares to ensure positive close"
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US top flight shares gained 620 points and Chinese stocks had a rebound
Chinese markets rose "as state-directed investors bought shares"
Oil service providers Amec Foster Wheeler, Lamprell and Hunting, are scheduled to update the market on Thursday.
Recruitment group said permanent recruitment fees rose 14% in the quarter
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The fall-out from Wednesday’s Budget will clearly be a big topic on Thursday but also in focus will be a trading statement from Barratt.
We had conflicting messages from the housing sector last week, so trading updates from Bovis, Barratt and Taylor Wimpey might provide more clarity.