Share Prices & Company Research

Market News

24 Jun 2019 | 13:33

FTSE flat as investors await G20 summit

With limited corporate newsflow and all the attention on the G20 summit at the end of this week, amid hopes of a potential resolution to trade tensions between the US and China, the FTSE 100 was struggling for direction by lunchtime on Monday.

At midday the index of leading UK shares down a handful of points at 7,404.19. While US futures pointed to a higher open on Wall Street.

LARGE AND MID CAP RISERS AND FALLERS

Barclays fell 0.3% after the bank said its US business had passed regulatory stress tests there.

Defence firm Chemring dropped 2.9% on the back of news that it had sold its military pyrotechnics business for a nominal cash consideration.

Regional REIT shed 0.2% after it launched a discounted £50m share issue to take advantage of new property investment opportunities.

SMALL CAP RISERS AND FALLERS

Cake maker Cake Box rose 3.4% as it booked a 14% improvement in annual profit, buoyed by new store openings.

Online retailer MySale slumped 50% after it kicked off a strategic review to shore up its finances, which it said could result in an outright sale of the company.

Internet domain name provider CentralNic rallied 4.7% on guiding for annual results ahead of current market expectations.

Travel services group for the wealthy Ten Lifestyle gained 2.6% on securing a three-year contract with fintech company Revolut.

People-screening technology provider Thruvision fell 3.5% after it booked another annual loss, despite almost doubling its sales.

RA International Group, a services provider to remote locations in Africa and the Middle East, gained 1.6% on winning a government contract worth up to $9m over the next three years.

Story provided by StockMarketWire.com
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