Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

CORRECTED-Shell, Fed disappointment hit FTSE 100; LSE outshines

Published 08/01/2019, 04:26 PM
CORRECTED-Shell, Fed disappointment hit FTSE 100; LSE outshines
UK100
-
BARC
-
SHEL
-
LSEG
-
STAN
-
FTMC
-
TRI
-
CTEC
-

(Corrects paragraph 2 to remove extraneous "pressured by")
* FTSE 100 down 0.5%, FTSE 250 down 0.3%
* Shell drops on poor results
* StanChart rises after profit beat
* Barclays gains on dividend hike
* LSE up on Refinitiv buy

Aug 1 (Reuters) - London's FTSE 100 was knocked back on
Thursday by a steep drop in Shell and scotched hopes of more
U.S. interest rate cuts, even as LSE jumped after a $27 billion
deal to buy Refinitiv and StanChart rose after profit beat.
The FTSE 100 index .FTSE dipped 0.5% by 0707 GMT. The
midcap index .FTMC was down 0.3%, with a 9.4% results-driven
rise in medical products maker Convatec CTEC.L keeping a lid
on losses.
Shell RDSa.L , the most valued company on the FTSE 100,
fell 4.3%, was set for its worst day since December, as its
second-quarter profit slumped to a 30-month low due to lower oil
and natural gas prices and refining margins. On the flip side, Standard Chartered STAN.L jumped 3.2% as
investors focussed on strong results despite a warning on risks
from the U.S.-China trade war. Barclays BARC.L added 2% after
hiking its dividend. London Stock Exchange LSE.L climbed 4% after agreeing to
buy financial data provider Refinitiv in a deal that will
transform the British company into a market data and analytics
giant. Thomson Reuters TRI.TO , the parent company of Reuters,
currently holds a 45% stake in Refinitiv.

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.