Share Prices & Company Research

Market News

11 Dec 2018 | 11:57

FTSE 100 gathers steam as pound claws back some losses

The FTSE 100 was higher by lunchtime, up 1.3% to 6,810.83, after a strong finish to trading on Wall Street last night.

Sterling was able to claw back some losses from yesterday's Brexit inspired plunge to a 20-month low on positive UK wage data.

US futures are pointing to a higher open later across the pond, amid reports of further communication between the US and China on trade.


Advertising firm WPP gained 6.8% as new chief executive Mark Read unveiled a restructure plan that involved spending £300m over the next three years to boost efficiency and sharpen the company's offering.

Industrial equipment rental company Ashtead rose 3.6% to £16.65 on guiding that it expected its full-year results to exceed its expectations, as first-half profit rose by 25% on the back of stronger sales in North America.

Security services provider Serco climbed 3.4% to 87p after it won contract extensions with Peterborough city and Lincolnshire county, worth a combined £135m.

Gambling company 888 gained 5.9% to 163p on news that it had acquired the remaining 53% stake in All American Poker Network for $28m, expanding its footprint in the US.

Intellectual property support services provider RWS gained 2.1% to 477.5p after the acquisition of language services group Moravia drove a 17% rise in profit.


Embattled flooring retailer Carpetright rose 10.4% to 18.1p, despite posting a deeper first-half loss, as it met cost-cutting targets and the rate of sales decline slowed in the second quarter.

Bio-marker company Oxford BioDynamics booked an annual loss as it increased spending on R&D and staff while revenue remained flat. The company's shares were up 1.5% to 205.9p

Online retailer MySale tumbled 50% to 17.3p as warned that it expected to book a first-half underlying loss, amid 'challenging' conditions during its peak second-quarter trading period.

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.