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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.71% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Spread betting and CFD trading are high risk and may not be suitable for everyone. You can lose all your deposits.
02 Dec 2015
By Brenda Kelly
Shire, Zoopla, IAG and more
Shire (+2.24%); AstraZeneca (+1.55%) Financials may have boosted the FTSE yesterday but healthcare seems to be in vogue this morning with the sector outperforming the broader index by a wide margin. Morgan Stanley is behind the move higher for GSK, Shire etc. It also gave an upgrade to AstraZeneca yesterday. The broker believes that US pricing, volatility in EM and possible US rate hikes may offset supportive M&A and pipelines in EU Pharma next year. It also said the sector is fairly priced.
Away from base metals, Fresnillo +1.25% and Randgold +1.47% continue to add gains as the gold price steadies somewhat having bounce doff the $1050/oz support earlier this week
Other equity highlights:
Zoopla (+1.34%) results for the year ending September 30 it is announcing a 34 per cent rise in revenue for £107.6m, plus a 20 per cent increase in profits to £25.4m. Zoopla bought price comparison business uSwitch in June for £160m.
Greene King (+5.4%) recorded pre-tax profit was up 17.9% to 72.0 million pounds ($108.2 million) compared with GBP84.9 million the previous year as total revenue rose to GBP614.9 million from GBP917.7 million a year earlier. In November last year, Greene King agreed a GBP773.6 million offer for Spirit Pub.
Sage Group (-4.77%) An 8% rise in organic group full year operating profits to £380m. Pre-tax profits were down slightly to £275.8m from £278.7m. Software subscription contracts grew to over 690,000, an increase of last year’s 450,000, achieving 28% growth in the annualised value of the software subscriber base to £344m, up from £268m. The shares hit an all-time high this week so we are clearly seeing some profit taking set in.
IAG: (+1.82%) Raised to buy at Charles Stanley. Majority brokers bullish on the stock with average 12 month price target at 727p.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please note that 71% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.
