Share Prices & Company Research

Market News

19 Dec 2018 | 16:42

Miners lift FTSE as Wall Street anticipates US interest rate hike

A bounce back in commodity prices lifted the mining sector, helping the FTSE 100 rise 0.9% to 6,765.

Among the biggest risers were Evraz, Glencore and Rio Tinto with gains of at least 2.1% each.

Wall Street enjoyed a strong performance ahead of an anticipated hike in interest rates later today. At around 4:45pm UK time, the S&P 500 was up 0.7% at 2,564.

Brent crude oil jumped 2.4% to $57.61 per barrel.

LARGE AND MID CAP RISERS AND FALLERS

Pharmaceutical giant GlaxoSmithKline rallied 3.8% to £15.03 after it announced the formation of a new consumer healthcare joint venture with Pfizer that could be listed separately on the stock exchange.

Online gambling group 888 gained 6.9% to 181.7p on announcing that it remained confident that adjusted earnings for the full year would be in-line with its expectations, citing progress against strategic objectives in the second half.

SMALL CAP RISERS AND FALLERS

Flybe shares rocketed 10.5% higher to 16.8p after Virgin Atlantic confirmed that it was still mulling a takeover of the UK regional carrier.

Oil rig maintenance vessel outfit Gulf Marine Services tumbled 74.7% to 8.2p after it warned it would breach its debt covenants amid pressure on earnings from an industry oversupply of vessels.

Silence Therapeutics was flat at 55p after announcing it had identified a new potential treatment candidate for cardiovascular disease.

James Fisher and Sons added 6.1% to £18.04 after it won a £30m contract to construct a search and rescue vessel for the Korean navy.

Embattled power retailer Yu Group plunged another 26.7% to 78.7p on the back of revelations it is being investigated by the UK's Financial Conduct Authority over the accuracy of its market filings.

Renewable fuels group Velocys gained 15% to 4.6p as it secured a site for its UK waste-to-jet-fuel project, being developed in collaboration with British Airways and Shell.

Story provided by StockMarketWire.com
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.