The FTSE 100 recovers well from yesterday’s President Trump inspired trade tariff slump. The rebound in the markets was first evident in Asian markets with bothe the Nikkei and the Hang Sang both on the front foot.
Broadcaster Sky (SKY) gains 1.7% to £15.20 as a bidding war looks imminent over the satellite TV operator. Interested party, US-based Comcast, has upped its offer $26bn.
Online retailer ASOS (ASC) drops 7.3% to £60.26 after saying that its sales growth is likely to be at the lower end of its projected range, around 25%. For the four months ending 30 June, the company increased its total revenue by 25% to £1.9bn and expects its full year pre-tax profit to be in line with market forecasts.
Oil exploration company Premier Oil (PMO) retreats by 5.5% to 123.8p as it awaits government approval for the divestment of its UK-based Babbage Area and a Pakistan transaction. While the company has reduced its net debt position it still stands at double the company’s market cap.
Bedding and other household retail goods supplier Dunelm (DNLM) loses 4.9% to 460.6p after revealing flat like-for-like revenue and its overall revenue for the quarter ending 30 June declining 1.4% year on year.
Home improvement retailer B&M European Value Retail (BME) gains 1.6p to 416p on news of a record first quarter to 30 June. The company’s revenue improved by 21.3% to £796.3m.
Jet2.com owner Dart Group (DTG) shoots up 36% to £10.06 after releasing a strong set of results for its year ending 30 March 2018. Its revenue is up 38% to £2.4bn while per-tax profits rose by 49% to £134m.
AIM-list biotech company Reneuron (RENE:AIM) ticks up 2.5% to 100.5p as some of its drug therapies show encouraging signs. Its CTX stem cell therapy is showing sustained improvements in motor function and reduced levels of disability and dependence.
