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Economic News

FTSE falls after Barcelona terror attack

18 August 2017 08:49

The FTSE 100 fell 0.62% to 7,342.42 on Friday morning following Thursday's terror attack in Barcelona, which hurt US and Asia stocks overnight.

Shares price falls were witnessed across the travel sector, with EasyJet (EZJ) down 3.23% to 1,259p and International Consolidated Airlines 3.12% lower at 604.5p.

The Renewables Infrastructure Group (TRIG) lost 0.14% to 108.75p despite reporting a 63% increase in pre-tax profit to £31.1 million. The company said there was challenging weather condition in certain geographies but was confident on its outlook.

AstraZeneca (AZN) and Merck & Co announced that Lynparza has received additional and broad approval in the US for ovarian cancer. The shares were down 0.65% to 29.25p.

Kingspan's (KGP) revenue rose by 19% to €1.75bn in the six months to the end of June (pre-currency, up 21%) and trading profit was up 6% at €177.8m, (pre-currency up 10%). The news sent the shares up 5.23% to 30.16p.

Management Consulting Group (MMC), the global professional services group, made an underlying operating loss of £4.6 million in the first half, compared with a loss of £1.9 million the year before. It fell 5.23% to 7.25p.

Forbidden Technologies (FBT) gained 2% to 6.13p on news it has agreed an expanded deal with an iconic sports, music and entertainment venue in New York.

CATCo Reinsurance Opportunities Fund (CAT) reported another strong first half with no signi?cant insured losses. The share price was flat at 1.35p. At 8:49am:

(LON:AZN) AstraZeneca PLC share price was -17.25p at 4463.75p

(LON:CAT) CATCo Reinsurance Opps Fund Ltd share price was 0p at 1.35p

(LON:FBT) Forbidden Technologies PLC share price was +0.13p at 6.13p

(LON:KGP) Kingspan Group PLC share price was +1.99p at 30.65p

(LON:TRIG) The Renewables Infrastructure Group Ltd share price was -0.05p at 108.85p

Story provided by StockMarketWire.com

Related Company: TRIG

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