Share Prices & Company Research

Market News

20 Jun 2019 | 12:24

FTSE advances as BoE keeps rates on hold

The FTSE 100 was up 0.5% to 7,441.33 by midday, gathering strength as the pound weakened in the wake of the Bank of England's decision to keep rates on hold and cut UK growth forecasts.

Gold miners enjoyed gains as the gold price hit a five-year high, Fresnillo rising 5.3%. Russian miner Evraz fell 4.2% as a group of investors sold shares at a discount.

LARGE AND MID CAP RISERS AND FALLERS

Cruise operator Carnival fell 8.1% as it downgraded guidance alongside second quarter numbers.

Phone retailer Dixons Carphone swung to a loss and said it expected 'more pain' in its mobile segment in the year ahead as it pushes ahead with its transformation programme. The shares fell 9.8%.

Dunelm Group upgraded its profit outlook on 'strong' trading across its business continued amid a boost from 'unseasonably' favourable weather conditions. Its shares rose 6.4%

Meggitt, which specialises in high performance components for the aerospace, defence and selected energy markets, and Lufthansa Technik AG, a provider of maintenance, repair and overhaul (MRO) services, have signed an agreement for the provision of comprehensive component MRO services for commercial aircraft in mainland China. The shares were up 0.3%.

SMALL CAP RISERS AND FALLERS

Petropavlovsk has announced the placement of $125m of guaranteed convertible bonds due 2024. The shares were up 6.9%.

Plus-sized clothing retailer N Brown Group reported 'solid' trading performance in its fiscal first quarter even as revenue declined as the retailer continued to wind down its legacy offline business. It shares rose 5%.

Building services firm Premier Technical Services Group rose 140.1% after agreeing to a takeover by a subsidiary of Australian bank Macquarie.

Junior gold miners Shanta Gold and Serabi Gold rose 7.1% and 26.6% respectively on positive drilling results

Story provided by StockMarketWire.com
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