Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

UK stocks open 0.2% higher after Wall Street rally

Wednesday, 17th October 2018
UK stocks opened higher on Wednesday following a strong rally on Wall Street fueled by encouraging earnings reports from the likes of Netflix.

At 0859, the benchmark FTSE 100 index was up 15.42 points, or 0.2%, at 7.074.82.

Private healthcare group Mediclinic International tumbled 19% after it announced its first-half revenue and operating profits fell, amid a weaker-than-expected performance in the Middle East and Switzerland.

Online fashion retailer ASOS rallied 13% amid relief it had met its annual sales and profit guidance despite the warm European weather.

Mining giant BHP Billiton fell 0.3% after it cut its annual copper guidance, partly due to a fire disrupting production at its Spence operation in Chile.

Barratt Developments fell 1.6% after the house builder said forward sales had risen 12% this year, though net private reservations fell.

Rival developer Crest Nicholson fell 5.1% as it cut its profit guidance for the full year, blaming lower margins owing to rising costs and subdued sales in the South East and London.

Educational publisher Pearson climbed 4.1% as it stuck to its full year guidance.

IT infrastructure company Softcat fell 8.0% despite posting a 35% rise in annual profit and upping its dividend, as investors took profits amid concerns about slowing growth in customer numbers and a more cautious outlook statement.

Balfour Beatty gained 0.5% as it had secured a £2.1bn contract from Scape Group.






Story provided by StockMarketWire.com

Related Shares: Asos, Mediclinic, Pearson, Softcat

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com 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.