skip to content

Economic News

FTSE weaker as pound strengthens

17 August 2017 08:49

The FTSE 100 lost 7.18 points to 7,425.46 on Thursday morning after a split among US monetary policymakers strengthened the pound.

Kingfisher (KGF) lost 2.6% to 299.4p on a 1.9% fall in like-for-like sales to £3.1 billion in the second quarter with B&Q's seasonal performance down by 11%.

Casino operator Rank Group (RNK) fell 3.8% to 230.5p after reporting like-for-like revenue increased by just 1% to £754 million in the year to 30 June, as venues like-for-like revenue fell 1% in a challenging retail environment.

Hikma Pharmaceuticals (HIK) plunged 8.77% to 1,212.5p after total operating profits fell 2% to $113 million, with basic earnings per share 3% lower in constant currency.

Gem Diamonds' (GEMD) underlying EBITDA fell to $13.0 million in the six months to the end of June - down from US$43.5m last time. The shares edged up 0.17% to 78.13p.

Landscape products group Marshalls (MSLH) grew its profit before tax by 16% to £29.1 million in the first half, with revenue 8% higher at £219.1 million, driving the shares up 3.56% to 414.75p.

KAZ Minerals' (KAZ) gross revenues increased by 2.3 times to $837m in the six months to the end of June on higher volumes and commodity prices. The shares added 0.18% to 708.75p.

Flying Brands' (FBDU) operating losses rose to £192,000 in the six months to the end of June from £125,000 last time, sending the shares 2.86% lower to 4.25p. At 8:49am:

(LON:GEMD) Gem Diamonds Ltd share price was -0.37p at 77.63p

(LON:HIK) Hikma Pharmaceuticals PLC share price was -100.5p at 1228.5p

(LON:KGF) Kingfisher PLC share price was -10.25p at 297.15p

(LON:MSLH) Marshalls PLC share price was +14.45p at 414.95p

(LON:RNK) Rank Group The PLC share price was -9.55p at 230.05p

Story provided by

Related Company: KGF

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.