🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

London open: Stocks edge up in quiet trade; Superdry tumbles

Published 19/12/2023, 08:55
London open: Stocks edge up in quiet trade; Superdry tumbles
UK100
-
JP225
-

Sharecast - At 0845 GMT, the FTSE 100 was 0.3% firmer at 7,634.80.

Neil Wilson, chief market analyst at Finalto, said: "Stocks are a bit firmer this morning after a mainly upbeat session on Wall Street and gains for the Nikkei overnight on continued Bank of Japan dovishness."

The BoJ announced earlier that it was keeping short-term interest rates at -0.1% as it continues to encourage banks to lend more and kickstart an economic recovery, but said it was keeping a close eye on price and wage movements before it considers tightening monetary policy.

Policymakers voted unanimously to keep rates unchanged, as widely expected, and said they would continue to purchase government bonds without setting an upper limit so that 10-year bond yields remains around 0% with an upper bound of 1.0%.

On the UK corporate front, news was scarce but Flutter Entertainment (LON:FLTRF) was boosted by an upgrade to ‘buy’ at Peel Hunt (LON:PEEL).

On the downside, music rights investor Hipgnosis Songs Fund (LON:SONG)fell as it delayed publication of its interim results. The results were due on Tuesday but have been pushed back to the end of December after the board expressed concerns about the value of the company's assets.

Hipgnosis said an independent valuation was "materially higher than the valuation implied by proposed and recent transactions in the sector".

Clothing retailer Superdry (LON:SDRY) tumbled as it issued a profit warning, saying it was hit by a challenging trading environment and warm weather.

Market Movers

FTSE 100 (UKX) 7,634.80 0.27%

FTSE 250 (MCX) 19,315.27 0.49%

techMARK (TASX) 4,215.41 0.47%

FTSE 100 - Risers

Ocado Group (LON:OCDO) 753.00p 3.43%

Flutter Entertainment (CDI) (FLTR) 13,800.00p 2.64%

Entain (LON:ENT) 994.60p 1.78%

Croda International (CRDA) 5,084.00p 1.68%

Rightmove (RMV) 565.00p 1.58%

Severn Trent (LON:SVT) 2,641.00p 1.58%

Fresnillo (LON:FRES) 563.60p 1.55%

Whitbread (LON:WTB) 3,584.00p 1.39%

Rentokil Initial (LON:RTO) 434.60p 1.35%

Spirax-Sarco Engineering (SPX) 10,240.00p 1.29%

FTSE 100 - Fallers

BAE Systems (LON:BAES) (BA.) 1,056.00p -1.17%

Vodafone Group (LON:VOD) 66.65p -0.86%

BP (LON:BP.) 461.20p -0.86%

Shell (LON:RDSa) (SHEL) 2,517.50p -0.77%

Centrica (LON:CNA) 141.50p -0.39%

Imperial Brands (LON:IMB) 1,812.50p -0.38%

Admiral Group (LON:ADML) (ADM) 2,660.00p -0.37%

Lloyds Banking Group (LON:LLOY) 46.89p -0.23%

Burberry Group (LON:BRBY) 1,512.50p -0.13%

Aviva (LON:AV.) 428.70p -0.12%

FTSE 250 - Risers

AO World (AO.) 98.35p 3.53%

Aston Martin Lagonda Global Holdings (AML) 216.80p 3.24%

Mitie Group (LON:MTO) 102.00p 2.51%

Wizz Air Holdings (LON:WIZZ) 2,030.00p 2.50%

PZ Cussons (LON:PZC) 156.80p 2.35%

Asia Dragon Trust (DGN) 350.00p 2.34%

TI Fluid Systems (TIFS) 149.00p 2.19%

Trainline (TRN) 320.80p 2.17%

Harbour Energy (LON:HBR) 238.60p 1.97%

Pets at Home Group (PETS) 314.20p 1.88%

FTSE 250 - Fallers

Diversified Energy Company (DEC) 1,250.00p -4.62%

Tullow Oil (LON:TLW) 34.34p -3.38%

Hipgnosis Songs Fund Limited NPV (LON:SONG) 66.80p -3.33%

Ibstock (IBST) 143.30p -2.38%

NCC Group (NCC) 123.00p -2.38%

Bakkavor Group (BAKK) 81.20p -2.17%

Apax Global Alpha Limited (APAX) 158.00p -1.86%

Keller Group (LON:KLR) 800.00p -1.72%

Templeton Emerging Markets Inv Trust (TEM) 145.60p -1.62%

Spirent Communications (LON:SPT) 114.20p -1.55%

Read more on Sharecast.com

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.