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UPDATE 2-London's shares off 6-month highs, Bunzl suffers worst day in a decade

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Update time : 2019-06-18 17:16:38

* FTSE 100 almost flat

* FTSE 250 down 0.3 pct

* Mining shares strike because Vale site ought reopen Brazilian mine

* Bunzl plunges after first-quarter update

* Mediclinic surges above mid-caps (Adds company news items, updates ought closing prices)

By Muvija M and Samantha Machado

April 17 (Reuters) - Britain's FTSE 100 was off its six-month high because a autumn can miners above Vale's plans ought reopen a major Brazilian mine offset gains can banks after upbeat news from China, however Bunzl sank above a slowdown can revenue growth.

The FTSE 100 was small changed by session end, lagging its peers above Wall avenue and can Europe, however mid-caps gave up 0.3 percent. Both indexes had scaled their highest levels can above six months can the final session.

Miners lost 1.2 percent after Vale SA said it expected ought succeed operations can its Brucutu mine within 72 hours.

London-listed shares can Rio Tinto fell 2.7 percent and BHP, the world's biggest miner, gave up 2.5 percent after cutting its iron ore output goal following a tropical cyclone.

Business supplies distributor Bunzl plunged 9.3 percent above its worst appointment can a decade after reporting a slowdown can quarterly growth due ought sluggish regulation of its grocery and retail bargain can North America, its biggest market.

The sour mood persisted despite forecast-beating Chinese economic growth data, which Markets.com analyst Neil Wilson attributed ought stimulus measures taken by Beijing and U.S. headmaster Donald Trump's decision no ought rise tariffs can March.

"Nevertheless, despite these better figs, we ought recall ourselves that China is growing can its weakest rate can almost three decades," Wilson said.

Positive news from China brought uphold some appetite because riskier holdings and harm safe haven assets. because a result, dollar earners including AstraZeneca, GlaxoSmithKline and British American cigarette weighed above the major bourse.

But Asia-exposed economical heavyweights Prudential and HSBC gained after the data, helping cushion the steep autumn can miners.

Banks too got a raise from Morgan Stanley's results that showed the great U.S. bank's quarterly earnings hit analyst estimates because assets management bargain grew.

Among mid-caps, office developer Derwent London led genuine wealth stocks lower because news showed British home price growth can February was can the weakest worth can six-and-a-half years with Brexit doubt weighing above industry.

A immerse can the pound too weighed above the index.

Sterling weakened after news showing annual consumer price inflation was 1.9 percent final month, under forecasts because a 2 percent originate and under the coast of England's goal of 2 percent.

Telecom Plus slipped 3.2 percent after warning that full-year entertain used to exist lower than expected.

Keeping a cover above losses were London-listed shares of Mediclinic that rose nearly 8 percent. The company predict annual middle entertain used to autumn can row with impartial expectations.

Housebuilder Countryside too advanced 5 percent after an upbeat half-year trading update.

On the small-cap index, car dealership tie Pendragon lost 9.7 percent after it said it used to newspaper its operational and economical prospects below its new management following margin pressures that led ought a quarterly loss. (Reporting by Muvija M and Shashwat Awasthi can Bengaluru Editing by sign Heinrich and Peter Graff)

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