Share Prices & Company Research

Market News

23 Jan 2019 | 17:01

Stronger sterling keeps FTSE 100 in the red

Sterling hit its highest level since November on reports that Labour will support a move to prevent the UK leaving the EU without a deal in March, leaving the FTSE 100 in the doldrums.

The blue chip index fell 0.8% to 6,842 with Germany's DAX also in negative territory, down 0.2%.

Wall Street initially enjoyed some gains before easing back at around 5pm UK time.

Brent crude slid 1.3% to $60.70 per barrel.

MID AND LARGE CAP RISERS AND FALLERS

UK fashion brand Burberry rose 2.9% after its same-store sales in the third quarter slowed from a year earlier to 1%.

Plastic packaging supplier RPC added 4.9% on news that it had accepted a £3.32bn takeover bid from private equity firm Apollo Management.

Pub chain JD Wetherspoon was broadly unmoved at £11.93 as it warned rising costs would offset a bumper sales performance to send its profits lower.

Book, stationary and snack retailer WH Smith gained 2.6% to £19.24 after it boosted year-to-date sales by 6%, buoyed by strength in its travel division.

Challenger bank Metro Bank tumbled 39% to £13.45, despite it forecasting a more than doubling in annual profit, as profit 'softened' in the last quarter.

Computer services provider Computacenter rallied 9.8% to £11.18 as it forecast annual profits ''marginally ahead' of its expectations.

Asset and corporate services provider Sanne slumped 17.7% on announcing the departure of its CEO amid a profit performance expected to be 'broadly in line' with its expectations.

SMALL CAP RISERS AND FALLERS

Lifestyle fashion retailer Joules dipped 3.5% to 250p, even as it posted a 15% rise in underlying first-half profit.

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.