leadf
logo-loader
viewTHG PLC

Market report: FTSE falters as US Federal Reserve decision takes centre stage

The FTSE 100 mixed this Wednesday after the (OECD) said the global economy is set to shrink 4.5% in 2020, which is not as bad as the 6% collapse it had forecast in June. Also today - the UK’s inflation fell to 0.2% in August, from 1% in July - due largely to the ‘Eat out to help out’ government scheme. That’s good news for consumers and borrowers, not so great for savers though.

The Hut Group (LON:THG) is one of the biggest gainers after announcing the UK’s largest initial public offering since 2013 netting the company £920m. British homebuilder Redrow (LON:RDW) reported a dive in annual profit, while promising to renew dividend payouts next year.

Construction firm Galliford Try Holdings (LON:GFRD) rose after saying it expects to return to profitability in 2021.

Among the small caps - Shield Therapeutics PLC (LON:STX) swung strongly into profit in its first half following a US$11.4mln upfront payment from ASK Pharm, its partner in China.

Futura Medical PLC (LON:FUM) has said it is “actively engaged” in commercial discussions about its erectile dysfunction (ED) gel ahead of a key meeting with US regulators.

Tiziana Life Sciences PLC (LON:TILS, NASDAQ:TLSA) has promised to 'unlock value of StemPrintER asset by listing Accustem Sciences before year end’. All three of these these interviews can be found on our website https://www.proactiveinvestors.co.uk/

Quick facts: THG PLC

Price: 750 GBX

LSE:THG
Market: LSE
Market Cap: £72.79 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Gunsynd PLC boss sees a lot of upside with portfolio 'geared towards...

Gunsynd PLC's (LON:GUN) Pete Ruse introduces the London-based investment firm to Proactive's Andrew Scott. He says GUN's an investor, first and foremost, in natural resources but also has the benefit of having quite an open investment policy which includes life sciences and gaming as well as...

39 minutes ago

2 min read