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(Reuters) – The leading UK stock index broke Wednesday night a string of victories, as the strength of banks and homebuilders faced the prospect of a further Brexit expansion was offset by weakness. Exporters' stocks after the pound found its place.
The FTSE 100 was down 0.1% at 07:21 GMT, while the FTSE 250, more concentrated in the domestic market, increased by 0.3% as the local currency strengthened.
Prime Minister Theresa May, after a seven-hour cabinet meeting on Tuesday, said she would ask Brexit for another deadline after April 12 to try to reach a divorce agreement between the EU and the EU. Leader of the Labor Opposition.
Although the flaw persists, namely that Britain would leave the bloc without an agreement, its decision offered the prospect of keeping the UK in a much closer economic relationship with the EU after Brexit.
This stimulated the actions of British homebuilders and banks, including Lloyds and Barclays.
But exporters have felt the weight of a stronger pound. British American Tobacco, spirits giant Diageo, GlaxoSmithKline and Unilever were the biggest markets of the stock market.
Burberry was the biggest loser, down 3%, as JP Morgan badysts slashed estimates of core annual premiums for the luxury goods brand due to the volatility of the British pound bond. Brexit.
Stagecoach Transport Company Rising 11%, Exceeding Mid Cap, After Increasing Adjusted Earnings Target for the Year Due to What it Called "Strong Trade and Positive Progress" in the Rail Sector British.
Superdry lost 9% on the announcement of the appointment of its co-founder and former boss, Julian Dunkerton, to the position of interim CEO, after gaining shareholder support to join the board with a weak margin.
CMC Markets declined 7.4% as it anticipated a drop in operating income for fiscal 2019 as the new rules reduced client trading activity and announced the departure of its CFO.
(Report by Yadarisa Shabong and Muvija M in Bengaluru, edited by Andrew Heavens)
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