Market Update Economic Events Directors Deals Commodities Prices News Market Movers

UK stocks drop amid fresh US-China trade concerns

Thursday, 6th December 2018
UK stocks are falling sharply on Thursday morning, reflecting losses on the Asian markets, as the US-ordered extradition of Huawei's CEO from Canada to the US reignited concerns of a US-China trade war.

At 08:58, the benchmark FTSE 100 was down 1.71%, or 118.02 points, at 6,803.82.

Packaging company DS Smith slumped 2.45% despite reporting a 27% increase in pre-tax profit and as it said it was exploring opportunities for the sale of its plastics division.

Euromoney Institutional fell 0.94% after it said Thursday it had agreed to acquire The Deal, comprising BoardEx and The Deal, from parent company TheStreet, for $87.3m.

Retailer Ted Baker climbed 4.64% even as it reported a 0.2% loss in Group revenue over the last quarter, as wholesale sales slowed and the retail environment remained challenging.

Listed residential landlord Grainger added 1.02% after it said Thursday it had been shortlisted as one of three companies by Transport for London for a strategic private rented sector partnership to deliver around 3,000 homes for rent for Londoners on 10 identified sites around tube stations.

Insurer Beazley fell 1.29% as it announced flat year-to-date investment returns and estimated the cost of claims arising from the 2018 California wildfires were $40m, net of reinsurance.

UK regional real-estate investment trust Regional REIT slid 1.14% as it said on Thursday it had secured a new £36m secured 10-year refinancing facility.

C4X Discovery Holdings and e-therapeutics cliimbed 2.76% and 4.08%, respectively as they said Thursday they had identified novel approaches to drug targets for the potential treatment of Parkinson's Disease.

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.