Share Prices & Company Research

Market News

10 Aug 2018 | 11:53

FTSE falls on geopolitical tensions

The downbeat performance of the FTSE 100 continued as investors got jitters over Turkey's economic situation possibly affecting the Eurozone and potential sanctions on Russia from the US.

The blue-chip index declined 0.7% to 7,685 around midday.

Brent crude oil nudged 0.3% higher to $72.28 per barrel.

Between April and June, the UK economy grew 0.4% with both retail sales and construction helped by good weather according to the Office for National Statistics. In contrast, manufacturing fell 0.8% over the same period.


Budget airline Ryanair descended 2% to €13.22 as a fresh swathe of strikes are started, resulting in 400 cancelled flights.

IP Group completed the £65m financing of its portfolio company Artios Pharma, which develops new treatments for cancer, lifting shares in IP Group by 0.7% to 120.8p.

Cruise specialist Carnival revealed a further batch of share repurchases from a previously announced share buyback programme. The stock rose 1.7% to £46.10.


Deep fat fryer manager services company Filta was up 1.4% at 232.3p after the acquisition and sale of its refrigeration business led to higher gross margins and better profitability.

Benefits insurance firm GBGI said it anticipates annual gross written premiums and net income to meet expectations, and reported rising premiums in the first half. The stock gained 7.1% to 105.5p.

Video streaming solutions provider Vitec dipped 0.8% to £12.90 despite a 20% jump in first half profits.

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