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The Markets
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The Markets
by Proactive
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FTSE's winning streak continues, Wetherspoons jumps while Boohoo sinks - Market Report

FTSE's winning streak continues, Wetherspoons jumps while Boohoo sinks - Market Report

The FTSE 100 ticked up to yet another record of 8,350 as the market opened.

Mid-caps were in the spotlight on Wednesday as Wetherspoon’s third-quarter update that profit should sit at the top end of expectations saw shares jump early on.

Boohoo faced a blow in the meantime after the online retailer reported wider losses and piling up debt for its financial year.

Direct Line also fell following its first-quarter report, which showed higher total written and motor premiums but fewer in-force policies.

Among FTSE 100 companies, Informa topped the early risers after hiking its share buyback program on expectations results would hit the top-end of guidance.

And finally, technical instruments maker Renishaw dipped as revenue guidance was lowered following a fall in earnings over the first nine months of the year.

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