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FTSE flat as investors await Fed update, The Hut struts higher, Redrow reports 66% profit slump

UK stocks tracked sideways in early trading on Wednesday as investors awaited an update from the Federal Reserve about the outlook for the US economy. At 8.39, the FTSE 100 was ever so slightly lower, off 0.15% at 6,096.30 points. E-commerce company The Hut (THG), the Manchester-based owner of the Lookfantastic website, surged 27% higher to 635p, having priced its IPO at 500p, as conditional ...

Market report: Travis Perkins gains on Wickes demerger boost, Wizz Air dips despite raising guidance

The FTSE 100 opened higher on Wednesday morning as investors expect US interest rates will remain on hold when the Federal Reserve meets later today. Unlike the hotly anticipated Bank of England meeting tomorrow, today’s Fed meeting is expected to be a quiet affair with a strong likelihood of no change in its policy. Shortly after the market open, the UK’s benchmark index was up 21.66 ...
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