⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

FTSE buoyed by gains in AB Foods, trade hopes

Published 05/11/2019, 09:28
Updated 05/11/2019, 09:36
© Reuters.  FTSE buoyed by gains in AB Foods, trade hopes
UK100
-
ABF
-
WEIR
-
FTMC
-

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

news window)

* FTSE 100 up 0.1%, FTSE 250 down 0.1%

* AB Foods gains after annual results

* Miners provide biggest boost to main bourse

Nov 5 (Reuters) - London's FTSE 100 was lifted by a near 5%

jump in Primark owner A.B. Foods following its strong forecast

on Tuesday, while miners gained on brighter hopes of a

U.S.-China trade deal.

The FTSE 100 .FTSE rose 0.1% by 0810 GMT, holding at a

one-month high it touched in the previous session, while the

midcap index .FTMC dipped 0.1% due to a sell-off in industrial

stocks after Weir Group's WEIR.L underwhelming outlook.

Associated British Foods ABF.L was on track for its best

day in more than 10 months after it posted higher annual

earnings and said it was well-positioned for further earnings

growth in the new 2019-20 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.