Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMothercare Share News (MTC)

Share Price Information for Mothercare (MTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.40
Bid: 4.40
Ask: 5.00
Change: 0.05 (1.08%)
Spread: 0.60 (13.636%)
Open: 4.42
High: 4.42
Low: 4.40
Prev. Close: 4.65
MTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-FTSE heads for worst week in 4 months on China virus fears

Thu, 23rd Jan 2020 09:08

* FTSE 100 down 0.9%, FTSE 250 down 1%

* China puts city of Wuhan on lockdown

* Banks fall across the board

* Miners weigh the most on main index

* ASOS shines on Christmas trading cheer
(Updates to closing prices)

By Shashwat Awasthi and Muvija M

Jan 23 (Reuters) - UK shares lost roughly 1% as worries over
the spread of a new flu-like virus from China forced dealers to
dump risky assets, while financial stocks tumbled across the
board after the European Central Bank kept interest rates at a
record low level.

The FTSE 100 gave up 0.9%, marking its steepest
one-day drop in nearly two months and set for its worst weekly
performance since early October. The midcaps ended 1%
lower.

An index of miners hit its lowest in more than
a month with a 3.1% drop, in line with a fall in copper prices.

Losses came after China put Wuhan, the city at the centre of
the outbreak, on lockdown as health authorities around the world
scramble to prevent a global pandemic. The new coronavirus has
so far killed 17 and infected nearly 600 people.

InterContinental Hotels slipped 4% after saying it
would let customers change or cancel for free stays scheduled up
to Feb. 3 across mainland China, Hong Kong, Macau and Taiwan as
spread of the SARS-like virus deters tourists.

Other companies that rely on the travel market also took a
hit. Airline easyJet and cruise operator Carnival
were among the worst performers on the main board, each
falling about 4%.

Banks weakened on both benchmark indexes,
shedding 1.5% and in tandem with their European rivals after the
European Central Bank kept policy unchanged as expected.

Among midcaps, PayPoint skidded as much as 8% after
the specialist consumer payment provider said its annual profit
would grow at a more modest rate than previously expected. The
stock ended down 3.3%.

Overall trading volumes were thin, with investors in Asia
preparing to go away for the Chinese Lunar New Year holidays.

"It is thus quite understandable that some money would be
taken off the table until the true extent of the coronavirus
issue becomes obvious," OANDA analyst Jeffrey Halley said.

However, AIM-listed online fashion retailer ASOS
provided some cheer as it advanced 9% after beating sales growth
expectations in the Christmas trading period.

Liberum analysts said ASOS revenue growth was well ahead of
its consensus, suggesting that the company's focus on improving
operations and execution was delivering initial results.

Baby products retailer Mothercare tumbled 11.2%
after saying reduction in debt owed to lenders, related to the
collapse of its UK business, had fallen behind expectations and
caused a shortfall of 10 million pounds.

The company, which last year said it would close all its
British stores with the loss of at least 2,500 jobs, added that
its chief executive would step down.
(Reporting by Shashwat Awasthi and Muvija M in Bengaluru;
Editing by Shailesh Kuber)

More News
5 Nov 2019 17:42

Mothercare Expects Return To Growth; UK Units Fall Into Administration

Mothercare Expects Return To Growth; UK Units Fall Into Administration

Read more
5 Nov 2019 00:01

UK consumers keep lid on spending in October - surveys

LONDON, Nov 5 (Reuters) - British consumers kept a tight rein on their spending ahead of December's election, despite being tempted by retailers offering heavy discounts last month, surveys showed on Tuesday.The British Retail Consortium (BRC) sai...

Read more
4 Nov 2019 09:18

UPDATE 1-Mothercare's problem UK child on brink of collapse

(Adds detail)LONDON, Nov 4 (Reuters) - Struggling baby products retailer Mothercare is set to appoint administrators to its loss-making British business, putting about 2,500 jobs at risk and dealing yet another blow to the country's beleaguered re...

Read more
4 Nov 2019 09:17

UPDATE 2-FTSE hits one-month high on U.S.-China trade deal hopes

* FTSE 100 up 0.9%, FTSE 250 up 0.5%* Sino-U.S. trade hopes rekindled* Ryanair profit beat supports airlines* Gambling stocks buckle on calls to overhaul online casinos* Mothercare tanks as UK ops to be placed in administration (Adds news items, ana...

Read more
4 Nov 2019 09:05

Mothercare to appoint administrators for UK business

(Sharecast News) - Mothercare shares sank on Monday after the retailer said it was appointing administrators for its UK high street chain, putting 2,500 jobs at risk.

Read more
4 Nov 2019 08:48

LONDON MARKET OPEN: Renewed Trade Hope, Manufacturing PMI Boost Miners

LONDON MARKET OPEN: Renewed Trade Hope, Manufacturing PMI Boost Miners

Read more
4 Nov 2019 08:46

TOP NEWS: Mothercare To Appoint Administrators For UK Retail Business

TOP NEWS: Mothercare To Appoint Administrators For UK Retail Business

Read more
4 Nov 2019 08:32

Mothercare files notice of intent to appoint administrators to UK business

LONDON, Nov 4 (Reuters) - Struggling baby products retailer Mothercare has filed a notice of intent to appoint administrators to its loss-making British business, putting hundreds of jobs at risk and dealing another blow to the country's troubled...

Read more
4 Nov 2019 08:31

Trade hopes buoy FTSE; Mothercare dives 38%

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100, FTSE 250 up 0.4%* Sino-U.S. trade hopes rekindled* Mothercare tanks after placing UK ops in administrationNov 4 (Reuters) - London's FTSE 100 joined a global stocks ...

Read more
27 Sep 2019 08:31

Funeral Services Firm Dignity Appoints Clive Whiley As Chair

Funeral Services Firm Dignity Appoints Clive Whiley As Chair

Read more
26 Jul 2019 11:08

Mothercare Warns On Margin Progress As UK Consumers Struggle

(Alliance News) - Mothercare PLC on Friday warned margin improvements are going to take longer than expected due to continued "fragile" consumer confidence.Shares were down 10% on

Read more
19 Jul 2019 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Monday 22 JulyClear LeisureWindar PhotonicsNorman BroadbentTuesday 23 Group

Read more
19 Jul 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

Monday 22 July AbcamTrading Statement Midwich GroupTrading Year Year Year 23 Year 24

Read more
24 May 2019 16:58

LONDON MARKET CLOSE: Stocks Higher As Emotional PM May Bids Farewell

LONDON (Alliance News) - Stocks in London ended higher on Friday in the absence of further trade war developments, while the pound remained below the USD1.27 mark as UK Prime Minister Theresa May

Read more
24 May 2019 11:59

LONDON MARKET MIDDAY: Upbeat End To Week; Pound Firm As PM May Quits

LONDON (Alliance News) - Stocks were higher in London on Friday while the pound was steady after days of heightened speculation over Theresa May's future as UK prime minister came to an end of

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.