Share Prices & Company Research

Market News

18 Sep 2019 | 11:58

FTSE treads water with Fed decision in focus

Ahead of a decision later from the US Federal Reserve on interest rates, the FTSE 100 was marking time, up a handful of points at 7,324.76.

Defence firm Cobham dipped 0.5% to 159.75p as the Government announced a probe into national security concerns over its £4bn takeover by US private equity group Advent International.

LARGE AND MID CAP RISERS AND FALLERS

DIY group Kingfisher dropped 2.1% to 197.65p after it booked a fall in first-half profit, marred by another poor performance at its French unit. Sales also slid in the UK and Ireland as Brexit uncertainty weighs on consumer confidence.

Pharmaceutical firm AstraZeneca gained 0.4% to £69.06 as it assumed full responsibility for developing and commercialising the Linzess treatment for irritable bowel syndrome with constipation in China.

Auto dealer Pendragon slipped 10.2% to 9.81p on announcing that chairman Chris Chambers would stand down at the start of October. The company is now searching for a new chairman and a new chief executive.

Table-top games firm Games Workshop gained 2.8% to £48.06 as it announced trading in line with expectations and flagged a 35p per share dividend.

SMALL CAP RISERS AND FALLERS

Cosmetics supplier Warpaint London dipped 1.9% to 50.5p, as it swung to a first-half loss marred by lacklustre sales growth. The company also stuck to its guidance for the full year.

Energy retailer Yu Group slumped 14% to 127.44p as it booked a deeper first-half loss after it was forced to review its strategy following the identification of accounting errors last year.

Hostel owner Safestay was flat at 32p on announcing that it had agreed to acquire the freehold of a property in Glasgow for £3.2m that it would convert to a hostel.

Business information and events company Bonhill fell 14.8% to 48.14 after it reported a first-half loss, though the company also declared a maiden dividend.

Shares in attractions software supplier Accesso slumped 11.5% to 805p. The fall comes after the company saw revenue below management expectations, though costs associated with the integration strategy were lower than originally anticipated, contributing to a lower than expected increase in the Group's expenditure base.

Science kit manufacturer Judges Scientific rose 7.5% to £37 as it said it will beat market expectations this year after a strong first half. Story provided by StockMarketWire.com
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