It seems the usual negative pound/positive FTSE 100 correlation has become a bit slack this week, with the day’s negative sentiment plaguing not only sterling but the UK index as well

MARKETS CLOSE: FTSE 100 higher but pound finishes lower

It seems the usual negative pound/positive FTSE 100 correlation has become a bit slack this week, with the day’s negative sentiment plaguing not only sterling but the UK index as well

It seems the usual negative pound/positive FTSE 100 correlation has become a bit slack this week, with the day’s negative sentiment plaguing not only sterling but the UK index as well

09:02
But the major story is Saga which has seen its share price fall an astonishing 24 per cent

Saga said it expects underlying pretax profit to grow by just 1-2 per cent in the current year and fall five per cent next year.

The profit warning has sent its shares 24 per cent lower.

08:58
Some corporate news out there …….

In FTSE corporate news, Hammerson agrees to £3.4billion offer for Intu Properties.

Shaftesbury is raising £265million via placing of 10 per cent in new shares at 952p.

EasyJet November passengers up 8.1 per cent year on year to 5.4 million.

08:51
FTSE 100 off 25 points at 7,302.3, while the pound is down too

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