Share Prices & Company Research

Market News

18 Jun 2019 | 16:41

Markets in risk-on mode after Draghi, Trump interventions and ahead of Fed meeting

The FTSE 100 joined in a rally in global stocks as Mario Draghi hinted at further stimulus for the Eurozone economy, Donald Trump flagged an encouraging phone call with his Chinese counterpart amid ongoing trade tensions between the two countries and as investors awaited the latest decision from the US Federal Reserve

By the close the index of leading UK shares was up 1.4% at 7,456.33 while in the US the S&P 500 advanced 1.2% to 2,923.67 by 4.30pm UK time.

Tobacco stock Imperial Brands was one of the few fallers, down 1.7% after Morgan Stanley highlighted the risk to the industry's earnings from FDA proposals to introduce a maximum nicotine policy.


Equipment rental group Ashtead gained 6.3%, as its annual profits jumped by a fifth on the back of strong demand in North America.

Pharmaceuticals company AstraZeneca also added 2.1%, at it announced that that it and partner Merck had gained approval from the European Commission for an ovarian cancer drug.

Component and system supplier Meggitt was up 0.9% as it secured a contract with Textron for the supply of fire protection systems.

Self-storage company Safestore fell 2.2% as it reported a 53% fall in first-half profit. The drop owed to a reduced gain on the value of its investment properties, which offset a rise in underlying earnings.

Utility services provider Telecom Plus added 2.6% on reporting a 4.9% rise in annual profit, buoyed by new customer wins.


Video game developer Team17 rose 13.4% after it guided for revenue and operating earnings for the current year to be ahead of market expectations.

Specialty finance provider 1pm gained 3% after subsidiary Positive Cashflow Finance reported profits in excess of earn-out targets set at the time it was acquired in July 2017.

Business software supplier K3 gained 1.3% on announcing that it expected its full-results would be more second-half weighted than usual.

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.