UK Market Talk Roundup: Broker Comments

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com 

        1042 GMT The economists at Societe Generale forecast 210,00 payroll gains, the unemployment rate falling to 5.4% from 5.5% and wage growth edging lower to 2.2% on a calendar quirk. If it's right, SocGen says the FX market should have a quiet session but equities should react positively. A strong report, say unemployment under 5.4% and NFP above 250,000 would not be enough to trigger risk-aversion, but would be mildly USD supportive and send EUR/USD below 1.10. A significant upside surprise, NFP above 300,000, average earnings above 2.3% year-on-year would shift the mood to risk aversion, while anything below 200,000 and wage growth and/or unemployment rate flat would suggest the Federal Reserve maintains a hold stance on rates until 2016, with markets then re-focusing on Greece. Data due 1230 GMT. (gary.stride@wsj.com)
        0949 GMT Shares in Premaitha Health PLC drop after the prenatal diagnostic products maker announces a discounted placing to raise GBP8 million. The company sold 40 million new shares at 20p each, a discount to Wednesday's closing price of 23.6p. Shares are currently down 12% at 20.9p. (jana.simmons@wsj.com)
        0913 GMT Shares of Strategic Minerals PLC are down 14% at 0.43p, topping the FTSE AIM All-Share index losers, after saying it isn't able to cover its corporate overheads and needs new projects. "While Cobre still remains profitable, it is not sufficient to cover the company's total corporate overheads, which makes the addition of other projects imperative," it said. The company reckons there is potential to buy small sized projects with near-term cash flows, that will position it to be profitable in two to three years. (ian.walker@wsj.com; @IanWalk40289749)
        0912 GMT Citigroup lifts its target price for carpets and floor coverings retailer Carpetright PLC to 725p from 600p due to the firm's turnaround momentum. The brokerage's analysis points to a substantial Ebit margin expansion opportunity due to improving like-for-like sales and the active management of its property portfolio. Retains a buy rating. Carpetright shares are trading 1.1% higher at 610p. (tapan.panchal@wsj.com)
        (END) Dow Jones Newswires

        July 02, 2015 06:42 ET (10:42 GMT)

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