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FTSE falls as coronavirus cases spike, Centrica’s out of gas, Lancashire leaps on strong results

China reported an increase in the number of deaths from and cases of coronavirus, while the first patient has been diagnosed in London, news that gave investors the jitters on Thursday. The FTSE 100 traded down 0.9% at 7,468.37, with its heavy weighting towards commodity stocks, which are particularly sensitive to events in China, contributing to the weakness. Barclays (BARC) cheapened 2.8% to ...

Market Report: Indivior high on opioid surprise as investors rally on US rate cut hopes

London’s FTSE 100 was in positive mood on Thursday as investors digest the apparent stage setting for a US interest rate cut in August. FTSE 100 was 0.3% higher at 7,551.39, while the mid cap FTSE 250 index is also on the front foot, adding 75 points at 19,494.59. Among corporate stories, the big news today comes from drugs developer Indivior (INDV). The company has today raised earnings ...

Market report: Retail reports defy high-street gloom while Indivior swoons on US court ruling

UK stocks are mostly treading water on Wednesday ahead of yet another Brexit Summit in Europe and a meeting of the European Central Bank. The FTSE 100 is unchanged on last night's close at 7,427 points while the FTSE 250 is up a smidge at 19,463 points. Supermarket giant Tesco (TSCO) reports full year sales and margins which are above its own forecasts, under-pinning the stock’s recent ...
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