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FTSE flat as investors await G20 summit

Monday, 24th June 2019
With limited corporate newsflow and all the attention on the G20 summit at the end of this week, amid hopes of a potential resolution to trade tensions between the US and China, the FTSE 100 was struggling for direction by lunchtime on Monday.

At midday the index of leading UK shares down a handful of points at 7,404.19. While US futures pointed to a higher open on Wall Street.

LARGE AND MID CAP RISERS AND FALLERS

Barclays fell 0.3% after the bank said its US business had passed regulatory stress tests there.

Defence firm Chemring dropped 2.9% on the back of news that it had sold its military pyrotechnics business for a nominal cash consideration.

Regional REIT shed 0.2% after it launched a discounted £50m share issue to take advantage of new property investment opportunities.

SMALL CAP RISERS AND FALLERS

Cake maker Cake Box rose 3.4% as it booked a 14% improvement in annual profit, buoyed by new store openings.

Online retailer MySale slumped 50% after it kicked off a strategic review to shore up its finances, which it said could result in an outright sale of the company.

Internet domain name provider CentralNic rallied 4.7% on guiding for annual results ahead of current market expectations.

Travel services group for the wealthy Ten Lifestyle gained 2.6% on securing a three-year contract with fintech company Revolut.

People-screening technology provider Thruvision fell 3.5% after it booked another annual loss, despite almost doubling its sales.

RA International Group, a services provider to remote locations in Africa and the Middle East, gained 1.6% on winning a government contract worth up to $9m over the next three years.


Story provided by StockMarketWire.com


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