FTSE flat as markets awaits interest rate decision
Source - SMW
The FTSE 100 was flat at 7,487.98 on Thursday morning ahead of the Bank of England's decision on interest rates.
Howden Joinery (HWDN) was the biggest riser on the index, gaining 6.5% to 439p after it reported good trading performance from the period since 12 June, including during the important October trading period. Total revenues rose by 8.2%, driven mainly by volume growth.
Tate & Lyle (TATE) surged 4% to 690.5p on a 13% rise (constant currency) in adjusted pre-tax profit to £161 million in the six months to 30 September.
intu Properties (INTU) was another strong performer, gaining 4.8% to 223.3p, after saying it remains confident of delivering further growth in like-for-like net rental income in 2018 and at a level of 2-3% over the medium term.
Wm Morrison Supermarkets (MRW) grew like-for-like sales excluding fuel by 2.5% in the 13 weeks to 29 October, but the shares dipped 1.25% to 221.2p.
Royal Dutch Shell's (RDSA) income attributable to shareholders surged from $1.5 billion to $4 billion in the third quarter, a year-on-year increase of 197%. The shares added 0.17% to 2,363.5p.
BT Group's (BT.A) reported revenues fell by 1% to £5,949m in the six months to the end of September and underlying revenue was down 1.5% but the full-year outlook has been maintained. The shares edged up 0.75% to 262.45p.