LONDON MARKETS: Attention Returns To Brexit Turmoil, Causing London Stocks To Hover In The Red
13 Dicembre 2018 - 2:42PM
Dow Jones News
By Emily Horton
London markets hovered in the red, as attention returned to
Brexit turmoil after U.K. Prime Minister Theresa May narrowly
fought off a leadership challenge.
What did markets do?
The U.K.'s FTSE 100 was flat at 6,876.68, after finishing up 1%
on Wednesday in New York.
The British pound was up $1.2679, up from $1.2628 on Wednesday
evening in New York.
What is driving the markets?
British Prime Minister Theresa May survived her leadership
challenge
(http://www.marketwatch.com/story/uk-prime-minister-theresa-may-survives-confidence-vote-amid-brexit-chaos-2018-12-12),
late on Wednesday evening, successfully suppressing a damaging
rebellion led by a group of anti-EU Conservative MPs. She will now
return to fighting for the Brexit withdrawal deal that has divided
UK politics in recent weeks, and was at an EU meeting in Brussels
Thursday.
What stocks are active?
London-listed German travel giant TUI AG was up over 6% after
reporting its fiscal 2018 net profit rose by 14%
(http://www.marketwatch.com/story/tui-net-profit-up-14-upbeat-on-winter-period-2018-12-13).
Bunzl PLC (BZLFY) was up by under 2%, after the distribution and
outsourcing group said it would deliver revenue growth for 2018
(http://www.marketwatch.com/story/bunzl-sees-revenue-growth-despite-forex-hit-2018-12-13).
Supermarket Ocado Group PLC (OCDO.LN) jumped by more than 2%
after the company announced a rise in fourth-quarter retail revenue
(http://www.marketwatch.com/story/ocado-group-revenue-up-12-2018-12-13).
In heavy-weight oil stocks, BP PLC (BP.LN) was down by 1.5% and
Tullow Oil PLC (TLW.LN) fell by just under 3%.
(END) Dow Jones Newswires
December 13, 2018 08:27 ET (13:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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