Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX (F100)
My previous session
Most popular
SummaryChartsNewsAnalysisHeatmapComponents 
News SummaryAll newsNews of the components ofTweets

LONDON MARKETS : FTSE 100 Declines As Burberry Shares Sink, House Builders Drop

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 10:27am CEST

By Carla Mozee, MarketWatch

AstraZeneca shares rise after results; Hikma cuts guidance

Blue-chip stocks in the U.K. declined Thursday, as house builders fell following soft industry figures and as Burberry Group PLC shares tumbled the most in more than five years after a disappointing earnings report from the luxury-goods maker.

What markets are doing: The FTSE 100 index lost 0.2% to 7,515.04, as basic material, industrial and consumer-related shares. But the financial and health care sectors were higher. On Wednesday, the benchmark fell 0.2%.

The pound fell to $1.3105, down from $1.3117 late Wednesday in New York.

What's moving markets: A widely watched survey on U.K. house prices showed slowing growth in October compared with September. The Royal Institution of Chartered Surveyors said its monthly house price balance dropped 5 points, to plus 1 in October, below a Wall Street Journal consensus estimate of a reading of plus 3.

"The combination of the increased cost of moving, a lack of fresh stock coming to the market, uncertainly over the political climate and now an interest rate hike appears to be taking its toll on activity in the housing market," said Simon Rubinsohn, RICS's chief economist.

Retailers were back in focus, with earnings reports in from Burberry and grocery-chain operator J Sainsbury PLC.

Stock movers: Burberry shares (>> Burberry Group) (>> Burberry Group) sank 11%, the worst drop since September 2012, according to FactSet data, after the company warned that it doesn't expect sales growth until fiscal 2021 . It also said it will sharpen its focus on the high-end market in part as it aims for high-single digit revenue growth and "meaningful operating margin expansion".

"By re-energizing our product and customer experience to establish our position firmly in luxury, we will play in the most rewarding, enduring segment of the market," said Burberry's Chief Executive Marco Gobbetti.

Shares of home builders were lower after the RICS survey. Persimmon (>> Persimmon) and Barratt Developments PLC (>> Barratt Developments) each flopped down 2.7% and Taylor Wimpey PLC (>> Taylor Wimpey) gave up 2.4%.

Shares of Sainsbury (>> J Sainsbury) (>> J Sainsbury) were off 2.8%, with the company cutting its dividend after reporting a 41% decrease in pretax profit for the first half of the year.

AstraZeneca PLC (>> AstraZeneca) (>> AstraZeneca) rose 1.9% as the drugmaker said third-quarter operating profit 12% to $1.15 billion , boosted by a one-off tax benefit. But product sales fell 3% stemming from the loss of the company's exclusivity on Crestor and Seroquel.

Hikma Pharmaceuticals PLC (>> Hikma Pharmaceuticals) (>> Hikma Pharmaceuticals) was pulled down 7% as the company cut its guidance for its generics unit for a third time.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100 INDEX
03:18pEUROPE MARKETS: Italy's Stock Market Slumps As Budget Drama Looms, Weighs On ..
DJ
03:04pLONDON MARKETS: FTSE 100 Bucks Weaker European Trend As Oil Companies Rise
DJ
12:31pFTSE : Intercontinental, Easyjet lead Britain's FTSE lower
RE
10/18EUROPE MARKETS: European Bourses End The Session In The Red As Global Stocks ..
DJ
10/18LONDON MARKETS: FTSE Extends Decline As Pound Trades Flat Amid Brexit Uncerta..
DJ
10/18John Wood Group Wins Contract With IRPC in Thailand
DJ
10/18Ex-Ladbrokes CFO leaves GVC months after merger
RE
10/17EUROPE MARKETS: Europe's Key Stock Index Ends Lower With Brexit 'moment Of Tr..
DJ
10/17LONDON STOCK EXCHANGE : FTSE 100 rises, led by Pearson; Mediclinic sinks as earn..
RE
10/16EUROPE MARKETS: Italian Stocks Surge, Notch Best Day In 5 Weeks Amid EU Budge..
DJ
More news
News of the components of FTSE 100 INDEX
03:03pFORM 8.3 - THE VANGUARD GROUP, INC. : Shire plc
PU
02:53pBARCLAYS : Form 8.5 (EPT/NON-RI) - NEX GROUP PLC - Amendment
PU
02:51pSTANDARD CHARTERED : Fitch affirms Standard Chartered Bank, Sri Lanka branch at ..
AQ
02:50pUNILEVER : Third quarter results show improved growth across all our divisions
AQ
02:38pSTANDARD LIFE : B Share Scheme & Share Capital Consolidation
PU
02:37pASTRAZENECA : Bevespi Aerosphere Gets EU Marketing Recommendation
DJ
02:26pSHIRE : FDA Advisory Committee Recommends Approval of Shires Prucalopride (SHP55..
AQ
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100 INDEX
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Top / Flop FTSE 100 INDEX
UNILEVER 4131 Real-time Quote.3.62%
RECKITT BENCKISER 6670.5 Real-time Quote.3.08%
DIAGEO 2697.5 Real-time Quote.2.78%
TESCO 213.5 Real-time Quote.2.10%
GLAXOSMITHKLINE 1539.1 Real-time Quote.1.89%
RENTOKIL INITIAL 301.7 Real-time Quote.-3.58%
NMC HEALTH 3012 Real-time Quote.-3.95%
INTERCONTINENTAL HOTELS GROUP PLC 4014.5 Real-time Quote.-4.80%
ASHTEAD GROUP 1824.5 Real-time Quote.-5.78%
EASYJET 1068 Real-time Quote.-6.32%
Heatmap :