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Market report: trade talks progress, IWG strikes Japan deal and Rio Tinto plans extra investment

Increasing hopes that the US and China will finally put their long-running trade dispute behind them gives investors a welcome lift as we begin a new trading week, but the ongoing lack of corporate news continues to act as a brake on hubris in the UK. In early deals the FTSE 100 remains largely directionless, drifting six points lower to 7,431.01, although FTSE 250 mid-caps are doing better, up ...

Market report: Kingfisher’s wings clipped as CEO shown the door, TI Fluid Systems accelerates on profits surge

London’s FTSE 100 cheapens 3.6 points to 7,320.4 early on, ahead of the US Federal Reserve’s latest policy decision and amid chatter that top US trade officials will head to China next week for new trade talks. Home improvement giant Kingfisher (KGF) cheapens 1.3% to 242.1p on the news chief executive officer (CEO) Véronique Laury is downing tools having struggled to turn around the DIY ...

Market report: ASOS and Ocado enjoy contrasting fortunes, Ferrexpo slides on results delay

The markets seem to be taking the latest Brexit chaos in their stride, familiarity breeding contempt perhaps, with sterling settling after yesterday’s volatility and the FTSE 100 advancing 0.4% to 7,329.01. Online grocery retailer Ocado (OCDO) gains 2.9%, despite confirming that a fire at its Andover robotic warehouse in Hampshire last month had slowed revenue growth to 11.2% in its fiscal ...

Market report: Investors get the ‘fever’ again as Fevertree storms back in otherwise muted market

London shares open on a subdued note in early trade on Thursday as investors await the latest EU-wide interest rate decision from the European Central Bank at midday. While little is anticipated to have changed in terms of guidance market watchers are hopeful that the language used will be of an increasingly optimistic hue, with economic risk moving a little more to the downside. But this ...

Market report: Diageo on track despite currencies headwind while Aston Martin eyes £5bn IPO

International drinks maker Diageo (DGE) says the year has started well but goes on to warn that currency market volatility is hurting sales and profits. The maker of Guinness and Smirnoff vodka tells investors that it expects sales to be reduced by £175m this year and operating profits to fall by £45m directly because of FX fluctuations. Last year to 30 June 2018 the company posted £12.2bn ...
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