Share Prices & Company Research

Market News

19 Jul 2019 | 16:44

Strong US open helps lift FTSE

The FTSE 100 ended the week on a positive note, supported by a strong open in the US. By the close the FTSE was up 0.2% at 7,508.70.

This followed a lunchtime wobble when the index was briefly in the red. Travel operator Thomas Cook was down 9.5% amid ongoing concerns over its future.

LARGE AND MID CAP RISERS AND FALLERS

Royal Bank of Scotland fell 1.5% on noting that outgoing chief executive Ross McEwan had been selected to lead National Australia Bank.

The British bank said a search for McEwan's replacement was ongoing, while confirming that he had a 12-month notice period extending to April 2020.

Television broadcaster ITV gained 0.8% after it announced that it had signed an agreement with the BBC to launch their BritBox streaming service in the fourth quarter of 2019.

Convenience store chain SSP gained 3.2% on the back of a 10% rise in third-quarter revenue, buoyed by more footfall at airports.

Acacia Mining advanced 20% as it agreed to a takeover by major shareholder Barrick Gold.

Self-storage company Big Yellow reversed 1.1% after it said a more muted performance at the end of last year due to Brexit uncertainty had limited growth in first-quarter revenue to 4.4%.

Merchant bank Close Bros shed 4% as it warned that profits in its asset management division had been affected by more subdued market conditions and ongoing investment spending.

Residential property group Grainger fell 0.7% after it said London mayor Sadiq Khan's call for a review of the city's rental market would have a 'limited effect' on its business.

Home repairs and improvements business Homeserve firmed 0.9% on reiterating that it expected to post 'strong' growth in the current financial year.

SMALL CAP RISERS AND FALLERS

Oil and gas firm Amerisur Resources gained 38.7% as it announced it had received a non-binding proposal and indicative offers for some of its assets, adding that it was reviewing its options which could include a sale of the company.

Engineering contractor Van Elle sank 4.1% on warning that it would miss its recently-lowered profit guidance and had experienced a quiet start to its new financial year.

Property investor Regional REIT dipped 0.2% on revealing that it had raised £62.5m from a capital raising, exceeding a £50m target set in June.

Clinical-stage biopharmaceutical Motif Bio dropped 5.1% after its market value slipped below a minimum threshold required for it to be listed on NASDAQ.

The company has 180 days to get back above the threshold, otherwise it will be de-listed from the US exchange.

Story provided by StockMarketWire.com
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.