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FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
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LON:KGF
Kingfisher is Europe's leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Turkey and China.
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Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
Investments and investor services
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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Week ahead to include first half results from supermarkets giant Tesco PLC, an update from high bakery chain Greggs PLC (LON:GRG), and the latest US jobs data
Europe's largest home improvement retailer reported an underlying pretax profit of £440mln for the six months to July 31, up 0.9% on the £436mln reported a year earlier, and above the consensus forecast of £426mln
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Sterling's strength weighed on FTSE 100 stocks today
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Trading can change as fast as the weather for a home improvements retailer; not many are expecting it to have changed for the better for Kingfisher
Investments and investor services
The benchmark for UK blue-chip shares closed up almost 38 at 7,253
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Week ahead includes Federal Reserve interest rate announcement, UK retail sales data, second quarter results from Kingfisher PLC, and trading update from Ocado PLC
Kingfisher said it is on track to meet strategic milestones in the second year of its restructuring
The FTSE 100 closed down 45 at 7,387, while the FTSE 250 lost 86 at 19,773.
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
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Week ahead includes UK inflation, unemployment, average earnings data; trading update from Kingflsher PLC, interims from Hargreaves Lansdown PLC, Admiral PLC ...
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
London markets started the day on the front foot and haven't looked back ...
“We still expect ‘One Kingfisher’ to fail. However, when this becomes clear, we expect investors to start valuing the company on its assets, not its earnings”
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The Footsie closed 87.17 higher, or 1.19% to 7,416...
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A weaker pound following the Brexit vote has given the FTSE 100 and other UK indices a boost in the year since the Britain voted to leave the European Union