Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Indexes  >  World (autre bourse)  >  FTSE 100    F100   GB0001383545

FTSE 100 (F100)
Mes dernières consult.
Most popular
News SummaryAll newsNews of the components ofTweets

LONDON MARKETS : FTSE 100 Declines As Burberry Shares Sink, House Builders Drop

share with twitter share with LinkedIn share with facebook
share via e-mail
11/09/2017 | 10:27am CET

By Carla Mozee, MarketWatch

AstraZeneca shares rise after results; Hikma cuts guidance

Blue-chip stocks in the U.K. declined Thursday, as house builders fell following soft industry figures and as Burberry Group PLC shares tumbled the most in more than five years after a disappointing earnings report from the luxury-goods maker.

What markets are doing: The FTSE 100 index lost 0.2% to 7,515.04, as basic material, industrial and consumer-related shares. But the financial and health care sectors were higher. On Wednesday, the benchmark fell 0.2%.

The pound fell to $1.3105, down from $1.3117 late Wednesday in New York.

What's moving markets: A widely watched survey on U.K. house prices showed slowing growth in October compared with September. The Royal Institution of Chartered Surveyors said its monthly house price balance dropped 5 points, to plus 1 in October, below a Wall Street Journal consensus estimate of a reading of plus 3.

"The combination of the increased cost of moving, a lack of fresh stock coming to the market, uncertainly over the political climate and now an interest rate hike appears to be taking its toll on activity in the housing market," said Simon Rubinsohn, RICS's chief economist.

Retailers were back in focus, with earnings reports in from Burberry and grocery-chain operator J Sainsbury PLC.

Stock movers: Burberry shares (>> Burberry Group) (>> Burberry Group) sank 11%, the worst drop since September 2012, according to FactSet data, after the company warned that it doesn't expect sales growth until fiscal 2021 . It also said it will sharpen its focus on the high-end market in part as it aims for high-single digit revenue growth and "meaningful operating margin expansion".

"By re-energizing our product and customer experience to establish our position firmly in luxury, we will play in the most rewarding, enduring segment of the market," said Burberry's Chief Executive Marco Gobbetti.

Shares of home builders were lower after the RICS survey. Persimmon (>> Persimmon) and Barratt Developments PLC (>> Barratt Developments) each flopped down 2.7% and Taylor Wimpey PLC (>> Taylor Wimpey) gave up 2.4%.

Shares of Sainsbury (>> J Sainsbury) (>> J Sainsbury) were off 2.8%, with the company cutting its dividend after reporting a 41% decrease in pretax profit for the first half of the year.

AstraZeneca PLC (>> AstraZeneca) (>> AstraZeneca) rose 1.9% as the drugmaker said third-quarter operating profit 12% to $1.15 billion , boosted by a one-off tax benefit. But product sales fell 3% stemming from the loss of the company's exclusivity on Crestor and Seroquel.

Hikma Pharmaceuticals PLC (>> Hikma Pharmaceuticals) (>> Hikma Pharmaceuticals) was pulled down 7% as the company cut its guidance for its generics unit for a third time.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FTSE 100
06:10p EUROPE MARKETS : Germany's DAX Closes At Record High As U.S. Shutdown Ends
05:57p LONDON MARKETS : FTSE 100 Closes With Gains As EasyJet Soars: Pound Lurks Near P..
12:06p EUROPE MARKETS : Germany's DAX Jumps To Record High As U.S. Shutdown Ends
11:01a EUROPE MARKETS : Germany's DAX Jumps To Record High As U.S. Shutdown Ends
10:58a NATIONAL GRID : UK's National Grid disappointed with Hinkley Point grid upgrade ..
10:34a LONDON MARKETS : FTSE 100 Finds Higher Footing As EasyJet Rises, But Pound Lurks..
01/22 UK stocks decline as gamblers stumble on government clampdown worries
01/22 LONDON MARKETS : FTSE 100 Closes In The Red As Stronger Pound Weighs
01/22 EUROPE MARKETS : European Stocks Log Fresh 2-year Highs As Spanish, Greek Shares..
01/22 EUROPE MARKETS : European Stocks Reach For Fresh 2-year Highs As Spanish, Greek ..
More news
News of the components of FTSE 100
09:50p NATIONAL GRID : Substation issue blamed for Schenectady County power outage
09:19p ROYAL BANK OF SCOTLAND : RBS to leave its London headquarters in cost-cutting mo..
08:07p VODAFONE : to buy CyTA Hellas
07:49p TESCO : Palmer & Harvey collapsed with debts of more than £700m
07:41p VODAFONE GROUP PLC : Pomerantz Law Firm Investigates Claims On Behalf of Investo..
06:46p DIAGEO : If You're a Purist About Scotch Whisky, You Might Find This Hard to Swa..
06:32p ASHTEAD GROUP PLC : - Transaction in Own Shares
More news
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
Top / Flop FTSE 100
EASYJET 1643.5 Delayed Quote.5.12%
NMC HEALTH 3460 Delayed Quote.2.98%
CRODA INTERNATIONAL PLC 4597 Delayed Quote.2.86%
MEDICLINIC INTERNATIONAL 625.8 Delayed Quote.2.66%
SKY 1026 Delayed Quote.2.29%
WPP GROUP 1330 Delayed Quote.-2.10%
ANTOFAGASTA 967 Delayed Quote.-2.79%
GLENCORE 390.75 Delayed Quote.-2.90%
ANGLO AMERICAN 1723 Delayed Quote.-3.86%
FRESNILLO 1335 Delayed Quote.-4.20%
Heatmap :