(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 flat, FTSE 250 down 0.2%
July 29 (Reuters) - Bleak quarterly showings by Barclays,
Smith+Nephew and Taylor Wimpey weighed on the FTSE 100 on
Wednesday, with investors now awaiting more stimulus from the
U.S. Congress and the Federal Reserve to shore up a battered
global economy.
Kicking off the quarterly earnings season for UK banks,
Barclays set aside a higher-than-expected 1.6 billion pounds
($2.07 billion) to cover a possible rise in loan losses due to
the COVID-19 pandemic. Its shares fell 1.2% in early trading.
Medical products maker Smith+Nephew SN.L tumbled 3.7% as
it posted a lower-than-expected first-half profit, while
homebuilder Taylor Wimpey Plc TW.L shed 5.0% on saying it
expected to complete around 40% fewer homes in 2020.
But a 9.3% jump for Next Plc NXT.L helped limit the
declines on the blue-chip FTSE 100 .FTSE , which was trading
flat at 0716 GMT. Next reported a smaller-than-feared decline in
second-quarter sales.
Lloyd's of London insurer Lancashire LRE.L fell 5.7% to
the bottom of the FTSE 250 after posting a loss for the first
half of the year. The mid-cap index .FTMC was off 0.2%.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Barclays, Taylor Wimpey earnings hit London stocks as pandemic bites
Published 07/29/2020, 03:24 PM
Updated 07/29/2020, 03:30 PM
Barclays, Taylor Wimpey earnings hit London stocks as pandemic bites
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.