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06 Jun 2019 | 16:39

FTSE higher as ECB keeps rates at zero

The FTSE 100 recovered from a mid-afternoon dip to close 0.55% higher at 7,259.85 on Thursday (6 June), after the European Central Bank decided to keep interest rates at zero.

This helped it shrug off several stocks trading ex-dividend including housebuilder Taylor Wimpey down 1.3% at 156.5p.

LARGE AND MID CAP RISERS AND FALLERS

Auto Trader slipped 0.3% to 585.4p despite delivering annual results that topped market expectations as profits rose 15% as demand for its offerings drove up sales.

Rolls-Royce added 1.5% to 895.8p after it said it had transferred £4.6bn of its pension scheme to Legal & General in a deal which covered assets and liabilities relating to some 33,000 of the 76,000 pensioners enrolled in its Rolls-Royce UK Pension Fund.

Aviva rose 0.9% to 414.3p as it revealed a plan to trim down its operations in a bid to cut costs by £300m in the next three years that could see up to 1,800 jobs axed.

AstraZeneca rose 1.9% to £60.73 after it said its results from a clinical trial assessing the company's chronic lymphocytic leukaemia drug had met its primary goal showing improved survival rates compared with the chemotherapy-based treatment.

Entertainment One jumped 15.4% to 404p after it denied media reports that Chief Content Officer and president Mark Gordon was set to exit the company, insisting that he continued to be a part of the eOne team both now and into the future.

Spread betting group CMC Markets fell 4% to 85.8p as it reported a slump in profits as regulations and choppy markets hurt client trading activity.

Go-Ahead Group jumped 10.1% to £20.74 after it lifted its outlook on its London and international bus division due to 'strong' operational performance and reported gains in its rail division after improving service levels.

SMALL CAP RISERS AND FALLERS

Lifestyle fashion retailer Joules climbed 5.9% to 270p after it said it expected underlying pre-tax profits for the full year to be at the upper end of analysts' expectations amid continued revenue growth and efforts to cut costs.

Amino Technologies leapt 13.5% to 105p as it said it expected first-half revenues to fall 15% as the company made 'good progress' with its transformation programme targeting $5m in cost savings.

Global aviation services business John Menzies fell 0.3% to 451p after it said it had appointed Giles Wilson as CEO with immediate effect.

Automotive supplier Autins Group plummeted 21.1% to 28.8p after it warned on profits on a slower-than-expected improvement in margins as major customers reined in orders and plant shutdowns continued at an 'unprecedented' pace amid Brexit uncertainty.

Story provided by StockMarketWire.com
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