FTSE100 closes lower as China, Brexit weigh
UK shares finished lower as big cap miners fell down a hole, US stocks started weaker and there were further concerns about a slow down in China
Company
LON:TSCO
Tesco - the leading supermarket in Britain With small grocery stores under the Tesco Metro brand name, big supermarkets outside cities (Tesco Extra) and 24-hour stores.
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UK shares finished lower as big cap miners fell down a hole, US stocks started weaker and there were further concerns about a slow down in China
London investors were in subdued mood on the back of more disappointing data out of China.
Amazon has plans to roll out its Fresh service throughout the UK
Supermarket chain's first quarter like-for-like sales fell 0.8% excluding fuel and by 1% including fuel
The FTSE 100 Index closed 24.02 points up at 6209.63
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A look at some broker upgrades and downgrades on the day
Tesco racked up the smallest fall in sales among the UK’s “big four” chains in the last three months
The FTSE 100 Index kept most of its early gains, standing 33.8 points ahead at 6253 by lunchtime
Taking its lead from Wall Street, the Footsie moved gently into positive territory
Tesco AGM set for Brexit day. Fracking approved in Yorkshire and Manu makes a mint
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Also, Tullow Oil, Astra Zeneca, Next, Armadale Capital, Eland Oil...
As if the UK retail sector hadn't had enough coverage last week, it's now the turn of Sainsbury's....
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Poundland, JD Sports, Tesco, Johnson Matthey, and Imagination Technologies were all in Thursday’s broker spotlight.
There has been lots of legal wrangling today, affecting Churchill Mining, Kimberly, Providence Resources, Lansdowne Oil & Gas and SeaEnergy
Main share price risers and fallers in London at 4.00pm
Investments and investor services
The sharp increase in Chinese exports has done wonders for big-cap miners but has had little impact on London's Aim-listed growth comanies
Supermarket chain made a statutory operating profit to £1.05bn against a loss of £5.75bn last time
Investors will want to know how Tesco’s performance stacks up against discounting rivals Lidl and Aldi, as well as main market competitors like Sainsbury, Asda and Morrisons.
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Alibaba plans to buy about US$500mln of new shares in Lazada
Life sciences company boosted gross product revenue by 154% to $7.1mln