FTSE drop as new ranks are announced for England


On Thursday, London’s top stock index underperformed its European cousins after the government announced details of new local constraints going into effect next week.

To end the day at 6,362.93, the FTSE-100 dropped 28.16 points.

It opened up as it should continue, falling about 9 a.m. to around 6,360 points. And remain there for the whole day, or thereabouts.

On Thursday, different regions of England heard what the limitations in their areas will be when the national lockout is lifted next Wednesday.

Much of England’s north will be in Tier 3, which entails the toughest constraints, while Tier 2 will be somewhat freer in London and much of the south.

The impact of the new levels could be seen in trading in London, where Ocado online supermarket and Flutter gambling business were among the best performers on the FTSE.

As Americans celebrated Thanksgiving, stock exchanges were closed in New York.

The DAX of Germany and the CAC index of France were uninspired, each down less than 0.1 percent .

“Without a U.S. intervention, European markets struggled to put on a worthwhile show Thursday afternoon as they were too busy thinking about what they are thankful for,” said Spreadex analyst Connor Campbell.

“When Brent Crude fell 1.1 percent … and [with]BP and Shell falling 1.6 percent and 0.6 percent respectively, the FTSE suffered a 0.4 percent decline, pushing it back to 6,360 in one of the most notable moves of the day.”

Unusually, along with the pound, the FTSE dropped, losing 0.4 percent and 0.3 percent respectively against the euro and dollar.

Usually, a dropping pound helps the top index.

“The pound is struggling with the mixed signals from the Brexit deal, with headlines suggesting a deal is in the offing countered with plenty of doom and gloom pessimism,”The pound is struggling with the Brexit deal’s mixed signals, with headlines suggesting a deal is in the offing countered with plenty of doom and pessimistic pessimism.

Apparel firm Boohoo has appointed a judge to help it tackle the minimum wage issues that this year have shaken its shares.

Shares have risen by 3.4 percent .

In the fiscal year through September, Mitchells & Butlers, which owns All Bar One, lost 123 million pounds and cut 1,300 jobs, the firm said Thursday.

Shares have dropped by 0.7 percent .

The half-year sales of Mulberry fell 29 percent, but the company reduced losses by around three quarters, sending shares up 8.7 percent.

After the company reported a nearly 9 percent decrease in revenue but a 0.8 percent rise in pretax profit, Britvic shares closed up 1.4 percent.

After reporting that October sales were down 43 percent from the same time last year, Fuller, Smith & Turner shares dropped 5.4 percent.

In line with forecasts, Aviva cut its dividend by nearly a third to 21p.

Shares were reasonably unchanged, down 0.2% .

Once again, Lender Amigo said there was “material uncertainty” about whether it could survive as a continuing concern as it reported a £ 63m pre-tax loss.

Shares were up 1.5%.

After the company said it reported a pretax loss of £ 14 million in the first half of its fiscal year, shares in Mothercare rose 3 percent. This is about twice the loss of the previous year.

After business clients used less water in the first half of the year, Severn Trent’s revenue dropped 2.5 percent. Shares have dropped by 0.2 percent .

Flutter Entertainment, up 545 pence to 13845 pence, DCC, up 168 pence to 5822 pence, Polymetal, up 41.5 pence to 1604.5 pence, Reckitt Benckiser, up 158 pence to 6602 pence, and Homeserve, up 23 pence to 1067 pence, were the largest gainers in the FTSE-100.

Persimmon, down 145 to 2689 pence, Intermediate Capital Group, down 83 to 1654 pence, Imperial Brands, down 71 to 1420 pence, Melrose Industries, down 6.65 to 159 pence, and IAG, down 6.1 to 164.65 pence, were the biggest losers in the FTSE-100.


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