FTSE 100 closed firm but volumes thin
FTSE 100 shares managed to recover enough to close Friday firmer but volumes were held back by the half-day trading in New York following Thanksgiving holiday on Thursday
Company
LON:PNN
Pennon is one of the largest environmental infrastructure groups in the UK. At the top end of the FTSE 250, the Group has assets of around £5.7 billion and a workforce of over 4,800 people.
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FTSE 100 shares managed to recover enough to close Friday firmer but volumes were held back by the half-day trading in New York following Thanksgiving holiday on Thursday
What's in store on Friday November 24? Pennon has results
The new chancellor of the exchequer gets to set out his stall
Dechra Pharmaceuticals, housebuilders Berkeley and Barratt, Halfords, Dixons Carphone, and JD Whetherspoon are on the agenda.
South West Water owner Pennon was due to hold its annual meeting on Friday
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Analyst Christopher Laybutt has repeated an 'overweight' stance and turned up the target price to 2,250p from 2,160p previously.
Broker UBS expects the numbers to be a "small positive catalyst" to the miner
A look at next week's agenda, and there are some big names reporting...
A look at next week's agenda, and there are some big names reporting...
A look at next week's agenda, and there are some big names reporting...
A look at next week's agenda, and there are some big names reporting...
The FTSE100 dipped 12 points at to 6,381 while over in the US the Dow Jones is poised to start lower on a half-day for the markets.
Investments and investor services
Below are the main news-driven share price movements at 3.30pm.
A quiet day is in prospect, especially with no guide from the US – closed on Thursday for Thanksgiving Day – to guide the markets.
Kingfisher and Cineworld will catch the eye but George Osborne will be the headline maker next week
Jefferies has initiated coverage on Acacia, Polymetal and Randgold, and the implication is that the sector is a mixed bag.
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City firm Investec reckons Premier Foods (LON:PFD) is tasty and has upgraded the share to 'buy' from 'hold'. It also punts up the target price a tad - to 51p from 47p each.