The FTSE of Great Britain is lost when the pound is lifted by the Brexit law agreement reports



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* FTSE 100 at 0.5 pct

* Withdrawal of LSE as CEO leaves

* Low energy while oil goes down

* Cineworld drops after talks to buy American pair

By Julien Ponthus

LONDON, 29 Nov (Reuters) – UK stocks missed a rising tide on European stock markets on Wednesday as the pound rose to a two-month high after reports that Britain and the European Union had agreed on the guidelines for a divorce bill Brexit.

The FTSE was down 0.5 percent, while the pan-European benchmark STOXX 600 .STOXX rose 0.6 percent to its highest level in nearly three weeks.

The fall of Sterling immediately after the vote of the Brexit in June 2016 to leave the European Union gave the British groups that earn dollars an impulse related to accounting, but an opposite change in the currency damages them in a similar way .

"weighs on the blue-chip index of the United Kingdom by reducing the value of profits and revenues from internationally-named dividends," Accendo Markets told its clients.

The British film operator Cineworld Group recorded the most spectacular drop, falling 14 percent after it announced it was in talks to acquire Regal Entertainment for US $ 3,600 million in cash.

The shares of the London Stock Exchange also fell after its chief executive, Xavier Rolet, left a confrontation with a main shareholder.

In the energy sector, Tullow Oil, with a focus on Africa, added 0.7 percent after refinancing $ 2.5 billion of loans borrowed against its oil and gas reserves.

The rest of the sector was deeply in negative territory as oil prices fell because of doubts about whether OPEC and Russia would agree to extend a crude production cut to cover all of 2018, and a report of an unexpected increase in oil prices. inventories of crude oil from the United States.

Royal Dutch Shell and BP lost 1.5 percent.

Finance was one of the few sectors to negotiate in positive territory with Barclays, Lloyds and RBS rising between 2 and 3 percent.

Also between midcaps, ZPG, the owner of the British-owned Zoopla and PrimeLocation websites, lost 3.8 percent after reporting a lower-than-expected pre-tax profit for the entire year as it spent more on acquisitions and advertising.

Among the main winners outside the blue chips was the British soft drink firm Britvic, up 6.3 percent after its year-round adjusted earnings rose 5 percent.

In the small cap segment, Findel's provider of educational and gift products by mail increased 21 percent after reporting first half earnings. (Reporting by Julien Ponthus, Edition of Angus MacSwan)

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