FTSE 100 Roughly Flat In Cautious Trade
(RTTNews) - U.K. stocks moving in a very narrow range in lackluster trade Friday morning amid a lack of fresh economic data and significant corporate news. A slightly weaker Pound is limiting the market's downside.
Mining stocks are exhibiting some weakness, weighed down by weak copper prices.
The benchmark FTSE 100 advanced to 8,268.97 after a weak start, and after dropping to a low of 8,246.93, is currently down 3.33 points or 0.04% at 8,256.79.
Hiscox is rising nearly 2.5%. Airtel Africa, BP, Shell, Imperial Brands, Marks & Spencer, Unite Group, Vodafone Group, British American Tobacco, Sainsbury (J) and Schrodders are up 0.5 to 1.1%.
Tullow Oil climbed more than 7% this morning following an announcement from the company that it was exempted from a $320 million tax on its Ghana operations.
Shares of budget airline Wizz Air Holdings dropped more than 2% after the company gave an update on its share capital structure.
Barrat Redrow is declining nearly 2%. Entain, Anglo American Plc, Easyjet, Taylor Wimpey, Antofagasta, Persimmon, Rio Tinto, Spirax Group and Melrose Industries, ICH, Informa, Relx are down 1 to 1.5%.
Dollar Drifts Lower Against Major Counterparts
TSX Ends On Firm Note Again, Gains 1.1% In Week
Canadian Market Remains Positive, Looks On Course For Another Firm Close
Swiss Market Ends Modestly Higher
European Stocks Close Weak After Cautious Session
Australian Dollar Drops Against Most Majors
Canadian Dollar Falls Against Majors
