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Market report: Pearson plunges as finance boss quits, Premier Inn owner Whitbread blames uncertainty for fall in room sales

The FTSE 100 confounded expectations by opening lower this morning, despite the US and China signing off on the first phase of their trade deal. US stocks rallied last night following the signing with the S&P 500 and Dow Jones hitting all-time highs, but UK stocks evidently haven’t followed suit. Perhaps the market is more concerned about what’s not in the trade deal rather than what ...

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 ...
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