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SharePrice.com - UK Share Information - Friday, 19th January 2018

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FTSE Slips for Third Straight Day


Thursday, 18th January 2018

The FTSE 100 has struggled since Monday. On Wednesday, the poorest performer of the day was Burberry, with the luxury retailer shedding 9.3 percent after reporting another difficult quarter. The difficulties perhaps weren’t so great as to warrant the huge slip in the share price. The company has seen a two percent decline in retail sales. It’s possible, then, that the shares will recover soon.

The best performer of the day was Deltex Medical Group, which gained 90 percent, up to 2p, in the smaller caps. The company benefited from acquiring a new hospital account for their oesophageal Doppler monitoring device.

Bitcoin shed more than $2,000, to dip below $10,000, although it recovered slightly later in the day. Ethereum and Ripple, two other major currencies, also slipped. Commentators suspect that the mainstream speculators that jumped in to boost cryptocurrency prices are now jumping ship as concerns mount about regulatory crackdowns in some of the major world economies. This is not likely to be the ‘end of the road’ for Bitcoin, but the speculative nature of the rally last year is becoming apparent, and the recent crashes will likely discourage those who were previously looking at the currencies only because there was some easy money to be made.


Read previous editors articles here


Stock Market Update

Thursday, 18th January 2018

UK equities continued to lose steam following a strong rally in early January as cautious investors booked profits amid speculation of end to a long running bull run.  Subdued commodity prices ...
Thursday, 18th January 2018

The FTSE declined into negative territory, with ex-dividend utility stock SSE (SSE) dimming 1.1% to £12.99.  National Grid (NG.) was also down 1.4% at 831.4p.  There was weakness among retailers such as ...
Thursday, 18th January 2018

The FTSE 100 fell 0.15% to 7,713.71 on Thursday morning, extending its three-day losing streak.  Royal Mail (RMG) declined 1.65% to 459.5p on news its overall revenue grew by 2% in ...

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