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CFD morning report

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CFD morning report

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CFD morning report – Thursday August 7, 2008
Markets summary                                       previous                change                FTSE 350 movers                                                    close            change                %change
FTSE 100                                              5486.1                   31.6                  RISES
FTSE 250                                              9131.5                   55.8                  Lonmin                                                                  3426          1107.00                  47.7%
TechMARK                                              1489.03                  -1.61                 Aquarius Platinum                                                      451.5            66.50                  17.3%
DJIA                                                  11656.07                 40.3                  Debenhams                                                               57.5             7.75                  15.6%
DJIA (at London close)                                11596                    -19.77                Hunting plc                                                              886            93.50                  11.8%
S&P 500                                               1289.19                  4.31                  Johnston Press                                                            60             6.00                  11.1%
S&P 500 (at London close)                             1281                     -3.88                 Spirent                                                                 69.5             5.75                   9.0%
Nasdaq Composite                                      2378.37                  28.54                 Laird Group                                                            314.5            21.50                   7.3%
Nasdaq (at London close)                              2356                     6.17                  Speedy Hire PLC                                                          469            31.75                   7.3%
Nikkei                                                13083.06                 -171.83
Dow Future                                            13865                    10                    FALLS
S&P 500 Future                                        1532                     0.2                   Old Mutual                                                             94.3               -12.1               -11.4%
Nasdaq Future                                         2059.25                  1.5                   Heritage Oil                                                           228               -28.75               -11.2%
DAX                                                   6561                     42                    Trinity Mirror                                                         122               -12.25                -9.1%
FTSE Volume                                           1620m                                          Mapeley Ltd                                                           1074                  -89                -7.7%
US Light Crude                                        118.84                                         Persimmon                                                             339.5               -26.5                -7.2%
Sterling/Euro                                         1.2621                                         Liberty International                                                  900                  -70                -7.2%
LIBOR (1 Month)                                       5.3812                                         Great Portland Estates                                                 351                  -24                -6.4%
EURIBOR (1 Month)                                     4.4781                                         Ladbrokees                                                           250.25                 -16                -6.0%
Today’s company announcements
•       Ladbrokes announces an H1 pre-tax profit of £134m, and calls it a satisfactory H1 which continued into
        July allowing it to keep its full year outlook
•       Hammerson reports an H1 adjusted pre-tax profit of £60.5m and an adjusted NAV of £13.92
•       Barclays reports an H1 pre-tax profit of £2.754bn and states that the conditions seen over the last year
        were as difficult as it has experienced in many years and that it is important to stay realistic on the outlook
        which continues to look tough
•       Benfield announces an H1 pre-tax profit of £87.7m, from £92.3m and confirms its full year targets
•       Cobham announces an H1 underlying pre-tax profit of £107m up 24%, on revenues of £632m from £494m
•       International Power reports H1 pre-tax profit of £495m from £416m and states that its portfolio continues to
        perform well and that it remains well positioned
•       Lonmin late yesterday cut back its full year platinum targets, back in line with the market consensus, and
        confirms it has rejected the pre-conditional offer from Xstrata, calling the move opportunistic and unwelcome
•       RSA Insurance announces an H1 operating result of £440m, ahead of the £422m expected
•       Friends Provident reports an H1 underlying pre-tax profit of £211m, just under the consensus of around
        £222m seen, and states there was no need for it to raise fresh capital to fund growth
•       Millenium & Copthorne reports Q2 gross operating profit of £70m up 8% with revenue growth of 2.1%
•       Smith & Nephew is due to update on H1 numbers later this morning
Market news and views
•       The FTSE is seen opening down around 10-15 points lower this morning as profit taking in the Asian markets
        takes the edge of the relative robust trading posted by the US indices into the close yesterday
•       Standard & Poor’s stated yesterday that it may have to cut its rating on Xstrata as it unveils a $10bn move for
        Lonmin
Time               Country                 Indicator
                                            M
                                                                                                                                     Median                                                   Previous figure
11:00    UK          MPC rate announcement                                                                                          5.0%                                                        5.0%
11:45    Eurozone ECB rate announcement                                                                                             4.25%                                                       4.25%
12:30    US          Weekly jobless claims                                                                                          423k                                                        448k
14:00    US          June pending homes                                                                                             -1.0%                                                       -4.7%
19:00    US          June consumer credit                                                                                           $6.0bn                                                      $7.78bn
*all times GMT, for BST +1


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