The Footsie treads water as it awaits US jobs report
Today's two big economic events - the ECB and Opec meetings - proved about as decisive as an Italian election, so all eyes now move to tomorrow's US jobs report.
Company
LON:JMAT
Johnson Matthey's principal activities are the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining, and fabrication of precious metals.
152 stories · page 7 of 8
Today's two big economic events - the ECB and Opec meetings - proved about as decisive as an Italian election, so all eyes now move to tomorrow's US jobs report.
The Footsie rose and drug industry takeover talk provided interest
Chemical and catalytic converter maker said pre-tax profits in the year to March 31 fell 5% to £418.2mln
Investments and investor services
The ECB is meeting today, and so is Opec, while tomorrow the US jobless figures for May will be announced
Liberum expects the company to guide to higher profits for its light duty vehicle catalyst and fine chemicals divisions, but to strike a note of caution on the heavy duty diesel catalyst arm.
Archive
Poundland, JD Sports, Tesco, Johnson Matthey, and Imagination Technologies were all in Thursday’s broker spotlight.
Big oil and big pharma will wrestle for the limelight. On the economic front, the big events are the Bank of England's interest rate decision and US non-farm payrolls.
The FTSE100 jumped around 80 points to 6,360 on Thursday
Johnson increased interim dividend by 5% to 19.5p and issued 150p special dividend
Investments and investor services
London traders welcomed Fed hints about slow and gradual rise in US interest rates
Few saw this coming: a profit warning from a house builder.
A plethora of interims awaits investors tomorrow, including from South Africa based investment bank Investec and baby retail specialist Mothercare (LON:MTC).
Tesco is far from out of the woods, according to Cantor Fitzgerald, which wants the retailer to set out its turnaround plans stretching forward to 2020.
Investments and investor services
A little bit of TLC from matron, in the guise of Fed boss Janet Yellen, was enough to have markets feeling better and fit to face the world.
A rally in Germany by Volkswagen and other car groups also helped the mood across Europe.
Below are the main news-driven share price movements at midday.
Investments and investor services
Oil and mining dominated the small cap headlines today
The suit was originally brought against Catacel, which Johnson Matthey bought last year.
Investments and investor services
In London, the FTSE 100 fared a little better, but not much, easing 2.8%, or 172 points to 5,935.