44 Irish Daily Mail, Wednesday, July 13, 2016

finance&property

For indicative use only

US$1.10920.0043▲

£0.84275 0.00822t€

Tourist ratesAus $ 1.45Can $ 3.20Den Kr 7.43UK £ 0.84Jpn ¥ 115.29NZ $ 1.51SA R 15.86Sw Fr 1.09Turk l 3.20US $ 1.10

THE front path is the calling card for every house but it is too often neglected.

Not so today’s property, No. 13 Foxrock Crescent, a three-bed semi-detached in leafy Foxrock.

Before you even get to this immac-ulately maintained family home you will be struck by the beautiful front garden.

Inside there is a pleasant living room and dining room, conservatory, kitchen/breakfast area, three bed-rooms, bathroom and master bed-room en-suite and hotpress. Outside there is a utility room and oil boiler house.

The agents are Finnegan Menton. Contact (01) 6147900.

There are open viewings on Satur-day, 11.30am-12pm.

You’re on the right path with lush home

Property Staff

No. 13 Foxrock Crescent, Kill Lane, Foxrock, Dublin 18FOR SALE

€500,000

Telephone: 01 256 0838 Email: finance@dailymail.ie

€575,000

whAt’S SOLD myhome.ie/priceregister is a convenient guide to best property prices

harold’s Cross, Dublin 6NO. 5 Leinster Park is a four-bed terraced house in a sought-after area. The master bedroom is ensuite and there is a further bathroom and a shower room.

Navan, Co. MeathNO. 114 Ferndale is a three-bed bungalow within easy walking distance of the town centre. The interior is spacious and the master bedroom is en-suite. There is a garage.

Clonsilla, Dublin 15NO. 7 Allendale Elms is a three-bed semi-detached house in a sought-after development. The master bedroom is en-suite and there is also that all-important utility room.

€155,000 €263,000

Iseq briefing: Closed at 5,753.08 up 64.15Price Var High LowPrice Var High Low Price Var High Low Price Var High Low

ABBEY 1040.00 +42.50 1267.00 933.00Alld Irish Banks 0.04 - 0.09 0.04Aminex 0.01 - 0.03 0.01Amryt Pharma 0.18 - 0.25 0.03Applegreen 3.90 -0.06 5.80 3.95Aryzta 34.59 +0.34 49.00 31.14Bank Of Ireland 0.19 - 0.39 0.17C&C Gp 3.61 +0.01 4.18 3.38Conroy Gold & Natural Res 0.01 - 0.01 0.01CPL Resources 4.90 - 6.60 4.90CRH 26.04 +0.11 28.09 21.00Dalata Hotel Gp 3.90 +0.10 5.50 3.40

Datalex 3.32 +0.07 3.70 1.94Donegal Investment Group 5.60 - 6.10 5.00FBD Holdings 5.80 +0.19 9.50 5.28First Derivatives 19.25 - 27.00 17.99Fyffes 1.41 +0.02 1.62 1.25Glanbia 17.39 +0.14 19.45 15.61Great Western Min 0.01 - 0.02 0.00Hibernia REIT 1.37 -0.01 1.43 1.18Hostelworld Gp 1.60 -0.03 3.80 1.58IFG Gp 2.03 +0.01 2.44 1.86Ind News & Med 0.14 - 0.19 0.14Irish Contl Gp 4.45 +0.10 28.46 4.20

Irish Res Prop 1.12 +0.01 1.24 1.04Karelian Diamond Res 0.01 - 0.03 0.01Kenmare Res 0.01 - 0.06 0.00Kerry Gp 80.00 +0.44 84.05 63.21Kingspan Gp 20.09 +0.09 25.89 18.09Mainstay Medical 15.00 - 18.50 14.75Malin 13.40 -0.15 15.37 10.32Merrion Pharma 0.16 - 11.50 0.10Mincon Group 0.65 - 0.81 0.59Origin Enterpr 5.24 -0.01 8.00 5.02Ormonde Mining 0.02 - 0.04 0.01Ovoca Gold 0.09 - 0.10 0.04

Paddy Power Betfair 100.55 +1.37 142.75 80.09Permanent TSB Group 1.84 +0.09 5.34 0.06Petroceltic Intl 0.14 - 0.71 0.07Petroneft Res 0.03 - 0.07 0.02Providence Res 0.15 - 0.34 0.10Ryanair Holdings 11.61 +0.28 15.35 10.46Smurfit Kappa 20.00 +0.01 28.17 18.33Total Produce 1.47 +0.04 1.69 1.22Wireless Gp 3.70 - 3.75 2.20Zamano 0.13 - 0.17 0.11

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64

Daily Mail, Wednesday, July 13, 2016

Now it’s time for finance giants to recover lossesTHE FTSE 100 fell back fraction-ally yesterday, losing 0.03pc, or 2.17 points, to 6680.69. It had started up on the back of news overnight from the US where the S&P 500 had reached a new all-time high.

Financials were the front runner for the day with wealth manage-ment firm St James’s Place climb-ing 4.6pc, or 36p to 825.5p. Insurers Aviva (up 4.2pc, or 15.5p to 381.8p), Prudential (up 3.4pc, or 42p to 1284p) and Legal & General (up 2.9pc, or 5.3p to 189p) were all among the greatest risers for the day. Investors may cautiously be backing the sector on the expecta-tion that the Bank of England will announce a new round of quantita-tive easing on Thursday.

Russ Mould, investment director at AJ Bell, said: ‘A lot of these stocks were hammered after the referendum result and now inves-tors are taking some profits from those big, safe, dollar-earning, defensive names which they have sought over the past couple of weeks and moving into the down-trodden, domestic, more cyclical sectors where there may be more value to be had.’

Numis raised investment firm Rath-

bones to a ‘buy’. The broker said the business has successfully navigated its way through a number of storms over its 275-year history. Analysts warned that Brexit uncertainty could impact the firm’s assets under man-agement in the short-term but said now was an ideal opportunity to invest in a quality firm with a reputa-ble brand and steady investment performance. Rathbones rallied 10.8pc, or 186p to 1909p.

With the equity market in recov-ery mode the gold price has eased once more. Last week the yellow metal reached a 28-month high of $1,374 an ounce as investors sought safety amid the uncertainty. Yes-terday the commodity fell back to $1,335.

Sterling edged up as investor

confidence improved. It advanced to $1.32 and €1.19.

Health firms were in the doldrums though. Deutsche cut its rating on Mediclinic International. The pri-vate hospital group operates in Africa, Switzerland and the United Arab Emirates, and has almost a 30pc interest in Spire Healthcare(down 1.6pc, or 5.3p to 320.3p). The biggest faller on the FTSE 100 yes-terday, Mediclinic lost 5pc, or 56p to 1060p.

Hikma Pharmaceuticals was also down for the day after HSBC cut the stock to a ‘hold’ and pulled its target price back 175p to 2525p. Shares lost 3.6pc, or 95p to 2505p.

Stifel gave upholstery retailer DFS a ‘buy’ rating and a target price of 340p. The broker said the firm, which has a 25pc market share, dominates its industry and is one of the most cash generative businesses in the retail sector. Shares in DFS, which formed in 1969 and first listed on the stock market last year, had slipped around 30pc since the EU referen-dum result. Yesterday they rallied 8.7pc, or 16.6p to 207.6p.

Carpetright’s shares grabbed onto DFS’s coat tails, climbing

6.2pc, or 14.5p to 248.8p. Its shares had lost around a fifth of their value after the referendum as the firm warned it would struggle if the housing market paused.

Property investment trust NewRiver Retail edged up on a pos-itive first quarter trading update. The company owns and manages around 30 shopping centres, 20 retail warehouses, ten high street properties and around 360 pubs across the UK. The trust manages assets now worth a total of £1.2bn.

Yesterday it reported that occu-pancy rates were up to 97pc and confirmed a first quarter dividend of 5p a share, up 11pc from a year ago. The AIM-listed company added that it is on track to com-plete a move to the main stock market by September.

Analysts at the Share Centre said the company would benefit from having a customer base – including Poundland, Primark, Asda and B&M – which is focused on giving consumers value. This should help the trust if consumer confidence stays subdued as the UK’s exit from the EU is negotiated. Shares finished up 4.5pc, or 12.88p at 299p.

Biotech business Shire advanced on news it had been granted approval for a treatment for dry eye disease.

Xiidra is the first prescription eye drop to be approved by the US Food and Drug Administration to treat the symptoms of the condition. the product is set to launch in the US later this year.

Shire estimates around 16m adults are diagnosed with dry eye disease. the firm also said it would give an update on savings made from its acquisition of Baxalta in its second quarter results next months. Shares gained 0.8pc, or 37p to 4855p.

Pence

Sour

ce: G

oogl

e Fi

nanc

e

J JS O DN J F M A MA

6000

4000

5000

5500

4500

3500

Shire

Close:4855p

Stock watch

Market reportby HollyBlack

FTSE 100 FTSE250 FTSEAll Share DOW NIKKEI HANGSENG DAX BRENTCRUDE GOLD6680.69

2.170.03%

H:6813.41� L:5499.51

16807.07100.680.60%

H:17856.90� L:14951.64

3613.662.640.07%

H:3710.79� L:3031.01

18347.67120.740.66%

H:18283.90� L:15370.33

16095.65386.832.46%

H:20946.93� L:14864.01

21224.74344.241.65%

H:25634.32� L:18278.80

9964.07130.661.33%

H:11802.37� L:8699.29

$48.36$2.154.65%

H: 52.51� L: 27.88

$1333.22$25.471.87%

H: 1364.88� L: 1051.36

Tourist rates£1 BUYS

Aus$ . . . . . . . .1.63Can$ . . . . . . . .1.63

DenKr. . . . . . 8.35Euro€ . . . . . . . 1.13

Jpn¥ . . . . . 128.53NZ$. . . . . . . . . . 1.67

SAR. . . . . . . . . 17.61SwFr. . . . . . . . . 1.22

Turkl. . . . . . . . 3.54US$. . . . . . . . . .1.25

w w w.t r av e l e x .c o.u k fo r i n d i c at i o n u s e o n ly

1.3183 0.0194

HIGH: 1.5882 LOW: 1.2882

£/$ £/€ 1.1910 0.0150

HIGH: 1.4399 LOW: 1.1636

Rathbone Bros 1919p 11.38%DFS Furniture 210.5p 10.21%Galliford Try 957p 8.50%Evraz 158.3p 8.35%Marshalls 267p 8.27%

Broker upgradeBuy ratingTrading updateInvestor sentimentSector confidence

NMC Health 1120p 10.33%Centamin 159.1p 5.63%Mediclinic 1060p 5.02%Hochschild 233p 4.31%Randgold 9115p 4.30%

top RiSeRS closing dailyprice change reason

top FaLLeRS closing dailyprice change reason

Investor sentimentProfit takingIndustry concernsSector eases offGold price dips

high Low

BANKS +1.7%

BUiLDiNG +1.4%

BUSiNeSS SeRViceS -0.2%

cheMicALS -0.5%

DRiNKS -0.4%

eLectRoNicS -0.9%

eNGiNeeRiNG -0.1%

FiNANciAL coMPANieS +1.6%

FooD MANUFActURiNG -1.5%

heALth -3.0%

iNDUStRiALS -1.3%

iNSURANce +2.5%

iNVeStMeNt tRUStS -0.1%

it & iNteRNet -1.1%

it hARDWARe -1.0%

LeiSURe +0.6%

MeDiA +0.7%

MiNiNG +1.1%

oiL & GAS +0.3%

PhARMAceUticALS -1.1%

PoWeR & WAteR -1.8%

PRoPeRtY +0.3%

RetAiLeRS +1.5%

teLecoMS +0.4%

tRANSPoRt +3.9%

high Low

high Low high Low high Low high Low

high Low

Page 64