FTSE LIVE: UK stocks fall sharply at the open; Losses deepen at Stobart

0
31
Flashing red: The FTSE 100 is sharply lower at the open as traders struggle for fresh catalysts


FTSE LIVE: Stocks fall sharply at the open; Losses deepen at Stobart; Telford Homes hit by ‘subdued’ London market

  • The FTSE was deep in the red after the bell, down 0.7 per cent at 7,219 
  • Southend Airport owner Stobart Group reported a £42.6m full-year loss 
  • Telford Homes said Brexit uncertainty cooled house sales in the capital  

The blue-chip index took a tumble after the opening bell on Wednesday, falling 0.7 per cent as traders struggled to find anything other than the US-China trade war to focus on.  

In company news, Southend Airport owner Stobart Group said its losses widened to £42.6million last year after it was hit by rising aviation costs and discontinued operations. 

And housebuilder Telford Homes said it saw profits slide 13 per cent to £40million last year as it battled against a ‘subdued’ London market amid Brexit uncertainty.  

Flashing red: The FTSE 100 is sharply lower at the open as traders struggle for fresh catalysts 

Advertisement





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here