Share Prices & Company Research

Market News

24 Jun 2019 | 16:39

Supermarkets struggle as FTSE remains subdued

The FTSE 100 closed up 0.1% on 7,416.69 on Monday amid a lack of immediate company or economic related catalysts. In the US the S&P 500 was up 0.1% at 2,953.19 by 4.30pm UK time.

Supermarkets were under pressure ahead of the release of Kantar industry data tomorrow. Sainsbury's leading the way lower with a 4% decline.

LARGE AND MID CAP RISERS AND FALLERS

Miner Acacia Mining said largest shareholder Barrick Gold's $979m offer for the company undervalued the company. Its shares dipped 0.4%.

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 0.3% 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 1.6% as it booked a 14% improvement in annual profit, buoyed by new store openings.

Online retailer MySale slumped 64.8% 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 3.9% on guiding for annual results ahead of current market expectations.

Travel services group for the wealthy Ten Lifestyle gained 4.1% on securing a three-year contract with fintech company Revolut.

People-screening technology provider Thruvision fell 6.8% 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 3.9% on winning a government contract worth up to $9m over the next three years.

Story provided by StockMarketWire.com
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