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Markets

LSE Volume: 5,684 M
Avg Vol: 7,167 M -21%
Fallers
1,561
Unchanged 492
Risers
2,673

FTSE ends higher ahead of Brexit day as sterling falls

London stocks closed on positive note ahead of PM Theresa May formally starting the Brexit process with the European Union tomorrow, and helped by further weakness in the already undervalued sterling against the dollar.

United Utilities says current trading in line with its views

United Utilities said current trading was in line with its views, warning that while underlying operating profit for 2016-17 was seen moderately higher its revenue would be slightly lower on the year.

Tasty swings to minor FY pretax loss

Tasty said trading since year's end had proved challenging and warned it expected headline operating profit for 2017 would be below that achieved in 2016.

Genel Energy to take $181m hit on Taq Taq field

Genel Energy has removed its previous guidance of gross average production of 24-31,000 barrels of oil per per day this year for the Taq Taq field and expected to take a $181m hit on the field carrying value following a fall in estimated reserves.

Wolseley's H1 profit slips; upbeat on US trading

Wolseley said it expected to achieve further progress in H2 as it turned in a lower H1 pretax profit accompanied by a rise in interim dividend, and unveiled a name change to Ferguson Plc.

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