Share Prices & Company Research

Market News

30 Nov 2018 | 11:55

Trade war concerns sink FTSE

The FTSE 100 fell into the red ahead of a vital meeting on the ongoing trade war between the US and China at a G20 meeting in Argentina.

Miners suffered a sell-off with Antofagasta shedding 3.4% to 808.2p, Anglo American falling 2% to £15.78 and Fresnillo dropping 2% to 761.8p.

The FTSE 100 traded 0.7% lower at 6,987 at around midday.

Overnight, Wall Street closed lower as investors were concerned a resolution may not be in sight.

MID AND LARGE CAP RISERS AND FALLERS

Shares in rare diseases specialist Shire was broadly unmoved at £44.92 despite European regulators granting marketing authorisation for its treatment for rare genetic condition hereditary angioedema.

Engineer Babcock won a ten-year contract worth approximately £100m, but this failed to excite the market as the shares slid 1% to 575.4p.

SMALL CAP RISERS AND FALLERS

Financial services provider STM warned its annual profits will be impacted by 'uncollectable policy fees' and fewer than expected new business wins, dragging the stock 7.8% lower to 53p.

Real estate investment trust Impact Healthcare announced it would not raise money by the end of this year after deciding not to exchange contract on a portfolio of UK care homes. The stock nudged 0.5% to 103p.

Independent oil and gas group Serica Energy revealed the acquisition of BP's interest in three North Sea field and re-admission of its shares to the market. Shares in Serica gained 1.9% to 136.5p.

Story provided by StockMarketWire.com
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