FTSE struggles to hang on, but Nikkei finds it feet again

Professional Adviser
clock

UK trading is holding up relatively well this morning, despite the FTSE falling a fraction to 4153.8...

UK trading is holding up relatively well this morning, despite the FTSE falling a fraction to 4153.8 so far, as it is the struggling MyTravel Group pulling the market down along with yet more cuts to company earnings. The FTSE 100 lost 16.90 points or 0.4% within the first hour of trading, thanks to NSB Retail Systems and Titon. NSB Retail Systems, which supplies computer software to retailers like Marks & Spencers and Gap, plunged 3.75p or 58% to 2.75p after revealing its operating profit is unlikely to meet analysts forecasts because a delay in making new orders. MyTravel h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •