June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Steady pound, growth worries pressure FTSE 100; Galliford jumps

Published 10/09/2019, 08:24
Updated 10/09/2019, 08:30
© Reuters.  Steady pound, growth worries pressure FTSE 100; Galliford jumps
UK100
-
BATS
-
DGE
-
VTYV
-
GFRD
-
AHT
-
FTMC
-

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

news window)

* FTSE 100 down 0.4%, FTSE 250 flat

* Galliford climbs after deal talks

* Strong pound drags exporter stocks

Sept 10 (Reuters) - UK blue-chip shares slipped on Tuesday,

as a second set of disappointing data from China this week

cemented fears of a slowdown in global economic growth, while

gains in the pound amid fading no-deal Brexit worries hit

multinational stocks.

The FTSE 100 index .FTSE dipped 0.4%, having suffered its

worst day this month in the last session, with equipment rental

giant Ashtead AHT.L falling 3% after in-line results.

The more domestically-focussed index of midcaps .FTMC was

flat by 0705 GMT, supported by a 22% jump in Galliford Try

GFRD.L after the construction company said it had restarted

preliminary talks to sell its residential units to housebuilder

Bovis Homes BVS.L .

Sterling was seen close to a six-week high it hit on Monday

after parliament passed a bill blocking a no-deal Brexit,

weighing on British American Tobacco BATS.L and Diageo DGE.L

as strength in the local currency meant the value of their U.S.

earnings would be lower.

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.