Taking Stock on Friday 8th December 2023
This is one chart you need to keep an eye on
Friday's Screener: Net Cash
Companies Mentioned on today's, "Taking Stock":
07:45 Diageo #DGE
08:10 Burberry #BRBY
10:00 Focusrite #TUNE
10:10 & 19:15 Future Plc #FUTR
13:10 AstraZeneca #AZN
15:00 & 16:44 Belvoir #BLV
16:09 Motorpoint #MOTR
16:20 Vertu #VTU
18:20 Cohort #CHRT
19:00 LBG Media #LBG
20:00 Team17 #TM17
20:40 TinyBuild #TINY
21:20 Ingenta #ING
23:45 Pebble Group #PEBB
25:40 Rio Tinto #RIO
30:40 Eneraqua #ETP
33:30 Landore Resources #LND
34:05 Contango Holdings #CGO
34:35 eEnergy #EAAS
35:50 XP Factory #XPF
36:05 On The Beach #OTB
38:30 & 41:20 Vodafone #VOD
40:12 BT Group #BT.A
TOP BUSINESS STORIES
Average two-year mortgage rate falls below 6%
Mortgage rates on a typical two-year fixed deal have fallen below 6% for the first time since mid-June, according to Moneyfacts.
The financial information service said the average rate was now 5.99%.
Competition among providers has intensified as they face a battle to attract a small pot of new homeowners, and to maintain current custom.
They have been given added confidence as many analysts suggest the Bank of England's base rate has now peaked.
Rising energy stocks lift UK's FTSE 100 to near two-month highs
FTSE 100 gained 0.4%, hitting its highest level since Oct. 19, and the more domestically focussed FTSE 250 midcap index also rose by a similar margin.
Heavyweight energy stocks jumped 1.2%, after Saudi Arabia and Russia called for more OPEC+ members to join output cuts, driving up crude oil prices.
Both the FTSE 100 and the midcap index eye weekly gains, with travel and leisure set to be the best performing FTSE 350 sector this week and precious metal miners the worst.
Limiting gains, Anglo American (AAL.L) slipped 5.2% after the global miner said it was aiming to cut capital expenditure by $1.8 billion by 2026, citing weak demand for most metals it mines and a huge writedown on its British fertiliser project.
Focus will be on the crucial U.S. November nonfarm payrolls report, which is expected to show job growth in the world's biggest economy likely picked up in the previous month.
The upcoming week will see the U.S. Federal Reserve, the European Central Bank and the Bank of England announce their stance on monetary policy.