FTSE 100 advance accelerates as China cuts rates
China has cheered the market, especially investors in resource stocks, by announcing further stimulus measures
Company
LON:BRBY
Burberry Group designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery.
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China has cheered the market, especially investors in resource stocks, by announcing further stimulus measures
Investments and investor services
The FTSE100 pushed on throughout the afternoon, ending around 40 points higher to 6,378.
Footsie rose 28 points to 6,366 on hopes that US will delay interest rate hikes
Investments and investor services
The FTSE 100 Index lifted 41.06 points to 6379 in early trading
Investments and investor services
A Shire spokesperson said: "We don't comment on rumour/speculation."
The FTSE 100 Index climbed 60.9 points to 6330 by lunchtime
Netflix added 880,000 US members in the three months through September
Investments and investor services
Below are the main news-driven share price movements at 4pm.
The FTSE 100 Index climbed 46.66 points to 6316 following overnight gains in Asia
Pace of sales growth in emerging markets remains high for Unilever - we will see how the rest of the business is faring later.
Burberry said "more challenging external environment" affected second quarter demand
Financial spread bet firms see FTSE100 adding up to 30 points
Archive
Deutsche Bank leads the way with a swathe of price target reductions across the mid-cap oil explorers and producers.
Anheuser-Busch Inbev makes play for rival SABMiller
Investments and investor services
SABMiller may also be eyeing Johnnie Walker and Guinness group Diageo, traders say
London’s blue chips were almost 100 points lower as investors waited nervously for the US non-farm payrolls number.
Though the non-farms missed expectations, there is a tendency for the August figure to be revised upwards in subsequent readings.
London’s blue chips were on the back foot again as Asian markets endured another tough session.
Investments and investor services
Miners fall as Beijing's move sparks commodity demand fears
Archive
London’s blue-chips were mostly deep in the red after China’s currency devaluation.