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

{"id":"5150631","channel":"/money","pageUrl":"http://www.dailymail.co.uk/money/markets/article-5150631/MARKETS-LIVE-FTSE-100-pound-head-south.html","status":"running","greenBox":{"body":""},"modifiedOrder":1}00

Posted on; DailyMail>>

Check Also

Shoppers holding shopping bags

Warm welcome for big rebound in retail sales



RETAIL sales came in from the cold to enjoy their strongest growth for 18 months in April, but not before the “Beast from the East” had wrecked trading at DIY giant Kingfisher.

Leave a Reply

Your email address will not be published. Required fields are marked *