The Morning Call – Barratt Developments increases sales by 12%

US President Donald Trump has launched a verbal attack on the US central bank, calling it the "biggest threat". The remarks, made in an interview with US media Fox Business, follow the president's repeated criticism of the Fed for its decision to raise interest rates.

Barratt Developments has announced a "strong" start to the new financial year, with demand for housing remaining high due to attractive mortgages and proactive government policies. The company's sales rose 12. 4% to £3. 15 billion for the period, up from £2. 80 billion a year ago.

SoftCat's full-year profits rose 35% due to increased customer numbers and cross-selling of products to existing customers. Profits for the year ended July were £68. 1 million, and sales rose 30% to £1. 08 billion.

BHP said strong demand from China helped boost iron ore production in the first quarter, but that work stoppages at mines in Chile and Australia led it to cut its 2019 copper production forecast by 3%. The world's largest mining company said copper production was 1. 62 to 1. 71 million tonnes.

Pearson reported flat earnings in the first nine months of the year and stuck to its full-year forecast. The company said the lower earnings figures were achieved because a slump in its higher education business in the United States was offset by improved metrics in all of the company's other divisions.

Seguro said its "headline" gross rent for the first nine months of the year was £52 million, up 43% from a year ago. The company defines headline rent as the gross rent carried forward over the year to qualify for incentives such as free leases after the expiry of leases.

Netflix shares rose 12% during the off-off bid after arriving at its third quarter results published on Tuesday. The streaming giant's profits came in at $403 million, or $0. 89 per share, beating Wall Street's expectations of $0. 68.

Rathbone Brothers said its cash under management rose 19% in the third quarter, leading to higher operating profits, after it acquired SPEIRS & Jeffrey. Its cash under for the three months to September rose to £47. 3 billion.

Mediclinic International said its first-half sales and operating profits fell as Middle East and Swiss indicators fell below expectations. Adjusted EBITDA indicators for the half year to September fell 8% to £21 million, while sales fell 1% to £140 billion.

Crest Nicholson has revised its ful l-year profit forecasts due to a decline in profit margin due to an increase in cost and a sluggish seller away from more expensive houses in the southeast and London. The company expects the tax before tax to be from £ 120 million to £ 120 million.

Hoxchild is expected to increase production over the year after performing "strong" achievements in the third quarter of this year. The company raised the production goal in 2018 to 520. 000 oz on the gold conversion, and reduced the total continuous cost guidance from $ 940 to $ 970 per conversion (previously $ 960 to $ 990).

Assos's sales and profits continue to increase with the rapid expansion of online fast fashion retailers in Europe and the United States. The company's sales on August 31st year exceeded £ 2. 4 billion, up 28 %, up to £ 120 million.

The price of crude oil was helped by unexpected data that the US crude oil inventory had decreased, and continued to rise during the fourth session.

The gold market fell down to the price of stocks and a higher dollar, and the risk avoidance attitude receded. The market is waiting for the latest minutes of the U. S. Federal Reserve (Fed) to be a further clue to the rate hike.

Companies Reporting this week

day	Company
Monday	Schlauders
Tuesday:	Bellway * Rio Tint * Merlin Entertainment
Wednesday	BHP Bilitone * Segro * Barat Diverop Mentz * Pearson * Crest Nicholson * Soft Cat
Thursday:	Microfocus * Domino Pizza * Rent Kill
Friday:	LSE * Intercontinental Hotels * Provident Financial * Acacia Mining

Early Market Movements

market	Index	change	Change rate
VK 100	7. 078, 7	+19, 3	+0, 3%
VK 250	19. 187, 2	+37, 4	+0, 2%
GER 30	11. 811, 1	+34, 6	+0, 3%
Fra 40	5. 187, 1	+14, 0	+0, 3%
America 30	25. 798, 42	+547, 87	+2, 2%
VS 500	2. 809, 92	+59. 13	+2, 2%
Oly (RUW)	81. 55	+0, 14	+0, 2%
Guud	1. 223, 34	-1, 61	-0, 1%

UK Risers & Fallers (8:15am)

Company Profile	price	change	Change rate
Pearson	852, 6	+35. 2	+4, 3%
Scottish Mortgage Investment Fund	503. 5	+18. 75	+3, 9%
Sophos Group	497. 6	+24. 2	+5, 1%
Berkeley Group	3313	-87	-2, 6%
Fresnillo	892. 6	-15. 8	-1, 7%
Crest Nicholson	299. 8	-23. 2	-7, 2%

Latest Broker Views

Company Profile	broker	recommended	price	task
rio tinto	HSBC	buy	3738	4790
hold gvc	HSBC	buy	925	1135
royal danshera b	JPMorgan	benefits	2545. 5	3250
BP	JPMorgan	benefits	560. 1	650

Forthcoming Economic Data

Date and time	Beginning	Monitoring	Results
9. 30: Consumer Rate G/G in England	2, 7%	2, 6%	–
Day 1: EU Financial Summit	–	–	–

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