Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

British shares cheer easing U.S.-Iran worries

Published 01/09/2020, 04:33 PM
Updated 01/09/2020, 04:40 PM
British shares cheer easing U.S.-Iran worries
UK100
-
MKS
-
SHI
-
FTMC
-
CARDC
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 up 0.4%
* SIG tanks after profit warning
* M&S, Card Factory whacked

Jan 9 (Reuters) - UK stocks rebounded on Thursday as chances
of a full-blown crisis in the Middle East waned, but shares of
SIG, Marks and Spencer and Card Factory missed out on the
recovery after the companies warned of a hit to their annual
performance.
The FTSE 100 .FTSE and FTSE 250 .FTMC rose 0.4% after
U.S. President Donald Trump stepped back from more military
action against Iran and Tehran signalled an end to retaliation.
Building materials supplier SIG SHI.L slumped 25% to the
bottom of the midcaps after warning that profit would be
significantly lower as its recovery in weak UK and Germany
construction markets was taking longer than expected.
M&S MKS.L slid 7.5% after the retailer warned full-year
gross margins would be around the lower end of its forecast.
Greeting card specialist Card Factory CARDC.L tumbled 18% to a
life low, after saying subdued performance over Christmas would
hit profit.

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.