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Market Wrap - Market Open

FTSE struggles as nuclear tension continues

10 August 2017 08:53

The FTSE 100 lost 0.65% to 7,449.26 on Thursday morning amid continuing anxiety about threats of a nuclear war.

Leading the blue-chip index was Coca Cola HBC (CCH), which added 9.19% to 2,591p after revenue accelerated in the second quarter and rose 5.7% in the first half. Operating profits rose by 20.8% to €266.4m and net profits were up 36.9% at €191.6m.

Savills (SVS) rose 2% to 930.5p after revealing group revenue grew by 7% at constant currency to £714.4m in the first half of the year, with underlying profit up 5% to £48.1m.

Glencore (GLEN) slipped 1.79% to 333.73p despite its first half EPS increasing to $0.17 per share from a loss of $0.03 per share in 2016.

Card Factory (CARD) added 1.22% to 328.15p on the back of a 3.1% increase in like-for-like sales in the first half.

DFS Furniture's (DFS) revenue in the second half was weaker than it expected due to significant declines in store footfall and customer orders across April, May and June. Overall, group revenues for the second half were 4% lower than the prior year, following an increase of 7% in the first half, to deliver growth of 1% over the year as a whole.

Shares in DFS tumbled by 7.92% to 212.25p. Story provided by

Related Company: CCH

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