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UPDATE 1-FTSE rebounds but mid-caps nervy as sterling falls

Tue, 12th Nov 2019 09:33

* FTSE 100 up 0.2%, FTSE 250 down 0.2%

* Data provider Experian tops main index

* Discounter B&M weighs on mid-caps
(Adds company news items, analyst comment, updates share moves)

By Shashwat Awasthi and Muvija M

Nov 12 (Reuters) - A near 3% rise in shares of the world's
biggest credit check firm Experian led a recovery in London
blue-chip stocks on Tuesday after falls that tracked a downbeat
global mood a day earlier.

The FTSE 100 was up 0.2% by 0833 GMT, but the
mid-cap index, which rallied on Monday after Brexit
Party chief Nigel Farage said suggested he would not fight
Conservative-held seats in December's general election, dipped
0.2%.

Weakness in the more domestically-focussed index came as
sterling, which had hit a six-month high earlier this week
driven by political news, dipped ahead of jobs data.

With financial investors still nervous about the outlook for
global growth and the outcome of U.S.-China trade talks, traders
were holding off on any bigger bullish bets.

Markets rallied last week on signs of a thaw in relations
between Washington and Beijing, but those gains were reeled back
in on Monday after President Donald Trump cast doubt on the
progress of negotiations.

Trump is scheduled to discuss U.S. trade policy at the
Economic Club of New York later today.

Experian climbed to a near one-month high after it
upgraded its organic revenue growth target on the back of strong
results in its main North American market, while industrial
software company AVEVA added 2.4% after upbeat results.

ITV added 2% after the broadcaster said demand for
programming, particularly in the United States, would underpin a
solid end to the year.

Support services company DCC, however, slid 4% after
first-half profit dropped as volumes fell at its business that
sells transport fuels and commercial fuels.

Industrial distributor Electrocomponents weighed
heavily on the mid-cap index, slumping 10% after a
10.4-million-pound writedown in relation to British Steel's
liquidation hit first-half earnings.

Discounter B&M European Value Retail also dropped
10%, after it said it was undertaking a review of its German
unit to decide the future of the poorly performing business.

Manufacturing and research company Oxford Instruments
jumped 7% after reporting a rise in revenue and profits
for the half year period.

Among small-caps, Premier Foods leapt 9.4% after its
first-half earnings got a boost from the relaunch of Mr Kipling
cakes last year and strong sales of Nissin noodles.
(Reporting by Shashwat Awasthi and Muvija M in Bengaluru;
editing by Uttaresh.V)

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UK earnings, trading statements calendar - next 7 days

Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
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S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
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Persimmon PLCFull Year Results
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Ricardo PLCHalf Year Results
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Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
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Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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UK regulator questions Sky, ITV over news coverage of woman's death

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*

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