Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Huawei ban fans China-U.S. worries, hits FTSE 100; Thomas Cook slumps

Published 16/05/2019, 08:40
Huawei ban fans China-U.S. worries, hits FTSE 100; Thomas Cook slumps
UK100
-
HSBA
-
PRU
-
TUI1n
-
BRBY
-
TCGI
-
FTMC
-
SOPH
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.3%
* FTSE 250 up 0.3%
* Thomas Cook slumps to multi-yr low
* Burberry down after FY report
* Sophos surges on better-than-expected profit

May 16 (Reuters) - Britain's FTSE 100 retreated on Thursday
as U.S. curbs on telecom group Huawei further strained relations
between Beijing and Washington, while travel group Thomas Cook
dipped to a 6-1/2-year low on another profit warning.
The main index .FTSE edged 0.3% lower by 0716 GMT, while
strong earnings reports helped the midcaps .FTMC climb 0.3%
higher.
Despite reports that differences with Beijing as well as
Europe may dissipate, U.S. President Donald Trump upped the ante
with China once again, signing an executive order on telecoms
citing national security and effectively blacklisting Huawei
HWT.UL . Asia-focused stocks including HSBC HSBA.L and Prudential
PRU.L reeled in response.
Luxury brand Burberry BRBY.L , whose shares have recently
been hit due to Sino-U.S. trade tensions, gave up 3.2% after
reporting broadly flat full-year results. Thomas Cook TCG.L , the world's oldest travel firm, slumped
13% to levels not seen since November 2012 after saying economic
and political uncertainty would affect profits this summer.
Larger rival TUI TUIT.L fell 1.2% following Thomas Cook's
profit alert.
On the FTSE 250, cyber security firm Sophos SOPH.L surged
16%, tracking its best day in over a year, after reporting key
metrics above market expectations.

Latest comments

Install Our App
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.