Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Recession fears hit FTSE 100; GVC helps mid-caps rise

Published 15/08/2019, 08:21
© Reuters.  Recession fears hit FTSE 100; GVC helps mid-caps rise
UK100
-
LCL
-
WMH
-
FTMC
-
ENT
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.2%, FTSE 250 up 0.4%

* Oil majors, financials drag on main index

* GVC leads gambling firms higher after forecast hike

Aug 15 (Reuters) - London's FTSE 100 edged lower on Thursday

as worries of an imminent recession remained after a steep dive

in long-term U.S. and UK government bonds yields, while a surge

in gambling firms after GVC hiked its profit view helped

mid-caps outperform.

The FTSE 100 .FTSE shed 0.2%, after hitting a more than

two-month low in the previous session as 10-year bond yields

fell below two-year equivalents for the first time since the

financial crisis. The FTSE 250 .FTMC added 0.5% by 0707 GMT.

Shares of GVC GVC.L gained 4%, while peer William Hill

WMH.L rose 3%, after the Ladbrokes (LON:LCL) owner raised its annual

core profit forecast after a better-than-expected performance in

its UK retail business in the first half of the year.

Latest comments

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.