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FTSE 100 closes firmly lower, joining global indices, as traders shun risk
If you are long blue-chip equities, the trend has not been your friend today
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LON:CPG
Compass Group PLC is a market leader in providing food and a range of selected support services to customers in the workplace, in schools and colleges, in hospitals, at leisure or in remote environments
206 stories · page 7 of 11
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If you are long blue-chip equities, the trend has not been your friend today
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The Day Ahead also includes updates from blue-chip contract caterer Compass Group, and second line players such as challenger bank CYBG and online electrical appliances retailer AO World
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
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The combination will offer opportunities to accelerate the growth of Mitie's premium technology-enabled and intelligence-led security solutions, the company said
The caterer left full-year expectations unchanged but did caution about a more difficult volume and cost environment in Europe.
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
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A look at some of the top rises and fallers in London on Tuesday
The FTSE 100-listed firm – which lost its chief executive Richard Cousins at the start of the year following his death in a seaplane crash in Australia – said the search for Thomson’s successor will be started immediately
Investments and investor services
The rise in sterling hit the dollar- earning constituents of the FTSE 100
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Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
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The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
The FTSE 250-listed firm said Laura Carr is group Financial controller of Compass Group, and prior to this role she was CFO of Indigo Books & Music
Analysts at the broker said despite the disappointing results for the first half of the year, they expected the second half to be stronger with 15% EPS growth
FTSE 250 fared better though closing ahead by around 15 points at 20,800.
The world’s largest catering group blamed foreign exchange headwinds for a 4.7% fall in pre-tax profits as it kept its full-year forecasts unchanged
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI