FTSE 100 reverses gains to close lower ahead of US rate decision
Bellway's bullish trading statement sparked buying activity across the sector
Company
LON:AHT
Ashtead Group is a leading provider of rental equipment with operations in the US and the UK. We provide equipment that lifts, powers, generates, moves, digs, supports, scrubs, pumps, directs, ventilates, whatever the job needs
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Bellway's bullish trading statement sparked buying activity across the sector
Ashtead stands to benefit from US President Donald Trump's plans to increase spending on infrastructure
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A look at the day ahead including a trading update from Merlin Entertainments, full year results from Ashtead and UK inflation data
Around 8.45am, the UK blue chip index was about 24 points lower at 7,503, having gained around 1% on Friday after international stocks benefited from sterling’s falls
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Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,
The blue chip FTSE 100 index closed 28 points down at 7,449
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
Investments and investor services
Well, it's not a triple digit fall for the FTSE 100 on Thursday
The UK blue chip index closed down 18.56 points at 7,503
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
The index of blue-chip shares fell six points to 7,108.53.
Ashtead has expanded its US business with the acquisition of Pride Equipment Corp following strong growth in the market
Europe again dominated the mood in London after Article 50 day
Ashtead will continue to monitor the possible impact of Brexit on its UK business while the US division stands to benefit from President Donald Trump's pledge to boost infrastructure spending
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FTSE 100 shares end lower on Tuesday ahead of the Spring Budget speech on Wednesday and as Paddy Power Betfair shares slump
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Before the Lord Chancellor stuck her oar in, Direct Line had hinted another special divi might be unveiled at the time of the full-year results
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The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
FTSE 100 stocks, just like Wall Street, defied soothsayers’ prognoses that investors didn’t much like a threadbare speech to Congress from US President Donald Trump overnight, and pledged their vote to his spending ambitions as record heigh
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March