Market Update Economic Events Directors Deals Commodities Prices News Market Movers

FTSE gains as sterling weakens on potential Brexit setback

Monday, 18th March 2019
Sterling fell sharply after House of Commons speaker John Bercow ruled out another vote on Theresa May's twice rejected Brexit deal if it is 'substantially the same.'

The FTSE 100 moved higher on the weaker pound, rising 1% to 7,299.

Ahead of a US Federal Reserve meeting this week, the Dow Jones was only 5.6 points higher at 25,854 at around 4:45pm UK time.

Brent crude oil was up 0.3% at $67.39 per barrel.

In corporate news, payment processing firm WorldPay gained 9.3% to £81 as it agreed to a $43bn sale to US rival FIS.


Shoe retailer Footasylum jumped 75.1% after it agreed to be acquired by JD Sports for about £90.1m. JD Sports shares dipped 0.4%.

Pharma giant AstraZeneca gained 1.2% as its potential new treatment for lung disease was granted orphan drug designation by US regulators.

Domino's Pizza rose 1.7% to 234.7p as it played down reports of a dispute with its franchisees.

Services supplier Serco gained 0.4%, having won a contract from the government of South Australia state to operate and manage a remand centre for its department of correctional services.

Shares in Hunting rose 3.8% to 568.5p on a positive research note from investment bank UBS.


Advertising grandee Martin Sorrel's newly-formed public relations company S4 Capital gained 2.6% to 126.7p, despite booking a loss, as its underlying earnings improved.

Office services provider Restore rallied 11.3% to 296p after its annual profit more than doubled, supported by strong sales at its document management business.

Russian warehouse property investor Raven Property dipped 1.1% to 42.5p as it swung to an annual loss, pinned on adverse currency movements.

Electronic systems developer PipeHawk was flat at 4.9p despite posting a first-half loss owing to higher staff costs and other expenses.

Story provided by

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.