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03 Jan 2019 | 09:20

UK stocks dip, unsettled by Apple earnings warning

UK stocks are trading down on Thursday morning as an overnight first-quarter earnings warning from US giant Apple unsettled the market.

At 08:58, the benchmark FTSE100 index was 0.23%, or 15.76 points, lower at 6,718.47.

Ashtead on Thursday climbed 0.42% as it extended the maturity of its senior credit facility to December 2023 and increased it to $4.1bn.

Fashion retailer Next added 3.32% after it reported strong sales in the pre-Christmas trading period in line with its September guidance, but lowered its full-year profit guidance slightly.

Foreign exchange service Alpha FX Group jumped 7.96% after it said Thursday it expected earnings for the year through December 2018 to be ahead of market expectations amid ongoing "strong" performance.

Cyber security company Corero Network Security slumped 6.27% despite saying Thursday it expected to halve full-year earnings losses from a year earlier even as revenue growth was predicted to fall short of expectations.

Mobile commerce company Bango rose 1.91% as it confirmed Thursday that Carolyn Rand had been appointed as permanent Chief Financial Officer from 1 January.

UK drug manufacturer Vectura leapt 10.24% after it said on Thursday it predicted its adjusted earnings in 2018 would "materially" exceed market expectations due to productivity initiatives and margin improvements.

Irish low-cost airline Ryanair edged 0.16% higher as it said on Thursday it grew its December traffic by 12% to 10.3m customers.

Low-cost airline Wizz Air moved up 1.79% after said it grew its passenger numbers and load factor in December as it announced 14 new routes. Story provided by StockMarketWire.com
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