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Upcoming ECB meeting weighs on FTSE 100

Thursday, 24th January 2019
The FTSE 100 was subdued ahead of European Central Bank's monetary policy meeting despite expectations that interest rates will remain unchanged Around midday, the blue-chip index dipped 0.2% to 6,830 at around midday.

MID AND LARGE CAP RISERS AND FALLERS

Anglo American shed 0.8% after it said Thursday it expected copper and diamond production to decline in 2019. This came as it reported that annual output on a copper equivalent basis rose 7% following double-digit percentage growth in copper and rough diamonds output in the final quarter of the year.

Gambling company 888 slipped 1.2% to 166.6p after promoting chief operating officer Itai Pazner to chief executive officer.

Wealth management group St James's Place gained 2.6% to 966p despite reporting on Thursday declining inflows in the fourth quarter of 2018 amid "particularly difficult market conditions".

British restaurant and pub chain The Restaurant Group slid 2.5% after it reported a 2% drop in like-for-like sales in 2018, but said it had delivered sales growth since the World Cup and that its pubs business had continued to consistently outperform the sector.

UK home builder Countryside Properties shed 1.2% to 323p as it said Thursday that first-quarter performance met its expectations underpinned by strong demand for affordable homes.

Kaz Minerals slipped 0.8% on Thursday even as the miner said full-year gold output topped its guidance, and copper output was at the upper end of its estimated range.

Refractory products, systems and services supplier RHI Magnesita edged 1.7% lower after it confirmed on Thursday that the Securities and Exchange Commission in Brazil had approved the cancellation of the listing Magnesita Refratarios S.A as a publicly held company in Brazil.

SMALL CAP RISERS AND FALLERS

Daily Mail and General Trust's added 1.5% after it reported that revenues declined 2% as the loss of revenue from the sale of its stake in ZPG weighed and circulation growth fell in the first quarter of the year.

Premium carbonated drinks supplier Fevertree climbed 14.8% to £29.82 as it said Thursday annual performance would be 'comfortably ahead' of its full-year expectations, led by 'exceptional' growth in the UK.


Story provided by StockMarketWire.com


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