logo
Plus   Neg
Share
Email

FTSE 100 Modestly Higher As PM Makes Brexit Statement

U.K. stocks eked out modest gains on Tuesday as U.S. lawmakers reached a deal to avert another government shutdown and investors waited for Prime Minister Theresa May's Brexit update to MPs later in the day.

The EU's chief Brexit negotiator Michel Barnier has called for "clarity and movement" from Britain to break the impasse.

Investors also remained focused on a new round of U.S-China trade talks taking place in Beijing, with White House adviser Kellyanne Conway saying President Donald Trump wants to meet Chinese President Xi Jinping very soon.

The benchmark FTSE 100 was up 28 points or 0.40 percent at 7,157 in opening deals after closing up 0.8 percent on Monday.

AA Plc shares rose over 1 percent. The company said it expects trading EBITDA for fiscal year to be not less than 340 million pounds, in line with its guidance range of 335 million pounds to 345 million pounds.

Indivior fell 3 percent. A U.S. Court has denied the company's motion to stay issuance of the mandate following the prior ruling vacating the preliminary injunction granted against Dr. Reddy's Laboratories on SUBOXONE Film.

Transport company Stagecoach Group gained 1 percent. The company confirmed that its subsidiary, East Midlands Trains Limited, has agreed a new short-term rail franchise with the Department for Transport.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT