Share Prices & Company Research

Market News

20 Mar 2019 | 08:47

UK stocks meander ahead of US rates decision; pound under pressure

UK stocks opened modestly higher on Wednesday as investors braced for a key US rate decision and Theresa May's request for only a short Brexit extension put pressure on the pound.

At 0841, the benchmark FTSE 100 index was up 4.17 points at 7.328.17.

DIY group Kingfisher shed 3.4% after it reported a more than halving of annual profit and said it was searching for a replacement for chief executive Veronique Laury three years into her five-year turnaround plan.

Construction company Kier dropped 6.5% as it swung to a first-half loss amid weak performance in its developments and housing segment.

Automotive fluid system supplier TI Fluid Systems gained 9.0% on posting a 37% rise in annual profit, bucking weakness in global light vehicle markets.

Restaurant operator Tasty slumped 18% as it posted a deeper annual loss and said it wouldn't open any more restaurants this year.

Bowling alley operator Ten Entertainment climbed 2.3% as it posted a 57% rise in annual profit and said it had agreed to acquire a site in Southport, England.

Language services group SDL rose 0.9% after it posted 8.2% rise in annual profit, as it boosted sales both organically and via the acquisition of DSL.

Compliance and business services provider SimplyBiz gained 5.7% after it announced that it had agreed to acquire Regulus Topco, the owner of the Defaqto financial services technology business, for £74.3m.

Antibiotics developer Motif Bio jumped 19% as the US Food & Drug Administration granted its request for a meeting to discuss its treatment for skin infections.

OptiBiotix Health gained 3.2% on announcing that it had entered into an exclusive agreement with DKSH International to distribute its weight management technology in Italy and Spain.

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.