Investing.com - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

FTSE 100 slips as earnings disappoint

Published 01/16/2020, 04:36 PM
Updated 01/16/2020, 04:40 PM
FTSE 100 slips as earnings disappoint
UK100
-
WG
-
ABF
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.1%, FTSE 250 up 0.1%
* U.S.-China trade deal signed but doubts linger
* Pearson, Whitbread drag blue-chips lower
* ABF outshines main index
* Wood Group surges on midcaps

Jan 16 (Reuters) - London's main index inched lower on
Thursday as companies, including Pearson and Whitbread, gave
dismal trading updates, while sentiment was subdued as some key
elements of the U.S.-China trade deal were not clear.
China will boost purchases of U.S. goods and services by
$200 billion over two years in exchange for the rolling back of
some tariffs under the deal.
The Phase 1 deal, however, does not fully eliminate the
tariffs, while the purchase targets, which include energy, farm
and manufacturing products, look daunting to achieve.
The FTSE 100 .FTSE gave up 0.1%, with education company
Pearson sinking 12% to its lowest level since October 2008 and
Premier Inn-owner Whitbread slipping 6%, as the corporate
earnings season kicked into high gear.
Associated British Foods ABF.L outperformed the blue-chip
bourse, as it rose 3% after it posted solid revenue growth at
its Primark fashion chain and stood by its annual earnings
forecast. The midcap FTSE 250 .FTMC gained 0.1%, helped by a 9%
surge in Wood Group WG.L after the oilfield services provider
forecast higher 2019 core earnings.

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