Share Prices & Company Research

Market News

01 Nov 2019 | 16:48

UK stocks rally after strong US jobs data

UK stocks rallied further in the afternoon session after the US non-farm payrolls data was stronger than expected with 136,000 jobs created.

At 1635, the benchmark FTSE 100 index was up 54.04 points, or 0.75%, at 7,302.42.

BHP gained 2.4% to £16.73 after it approved $44m for work needed to restart a concentrator at the Samarco mine in Brazil, the site of a catastrophic dam failure in 2015.

Telecom giant Vodafone gained 0.7% to 155.5p on announcing that it had formed a strategic partnership with sustainable phone maker Fairphone to offer its products to retail customers in Europe.

Steel supplier Evraz shed 0.2% in the morning session, but rallied in the afternoon following better than expected US jobs data, to finish up 3.4% at 379.6p as it reported a fall in crude steel production, owing to scheduled maintenance and weaker demand.

Auto dealer Lookers reversed 18.1% to 40.63p after it sounded a shock profit warning and announced the departures of chief executive Andy Bruce and chief operating officer Nigel McMinn.

Inter-dealer broker TP ICAP rose 6.5% to 365p as its revenue grew 17% in the third quarter, though it stuck to its guidance of more subdued growth over the full year.

Pest control company Rentokil Initial fell 0.3% to 453.2p on announcing that it had acquired Florida Pest Control, for an undisclosed sum.

Scottish television broadcaster STV added 1.2% to 388p after it launched its set-top boxes on Sky.

Aviation support services provider BBA Aviation climbed 1.9% to 309.4p on announcing that the return to shareholders generated by the sale of its Ontic division would be at the top end of previous guidance.

Story provided by
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.