The UK benchmark index has slipped marginally into the red tis Thursday, following weak retail sales data and with investors focusing on the ongoing Brexit talks. CRH (LON:CRH) has been one of today’s biggest FTSE 100 fallers following peer HeidelbergCement’s outlook update.
FTSE 100 subdued
As of 12:28 BST, the Footsie had given up 12.62 points to stand 0.18 percent lower at 7,041.98, with weak UK retail sales data and the ongoing Brexit talks weighing on sentiment.
Proactive Investors quoted Emma-Lou Montgomery, associate director for personal investing at Fidelity International, as commenting that given the current uncertainty around Brexit negotiations, British consumers may be unlikely to ramp up spending.
In FTSE 100 movers, Reuters reports that shares in CRH have been sold off following a disappointing outlook from German cement maker HeidelbergCement, which has weighed on basic materials stocks. CRH’s share price is currently 3.67 percent lower at 2,232.00p.
Unilever (LON:ULVR) has been another notable FTSE 100 faller after revealing that its third-quarter turnover had been impacted by currency headwinds. The group’s underlying sales, however, rose 3.8 percent during the reported period. Unilever’s shares are changing hands 1.07 percent lower at 3,981.00p.
Shares in Shire (LON:SHP) meanwhile have advanced amid broader demand for healthcare stocks following Novartis’ results and after Takeda Pharmaceutical received Japan’s approval to buy the London-listed rare disease specialist. Shire’s shares are 1.21 percent better off at 4,518.50p.
Sports-betting group GVC Holdings (LON:GVC) is 1.29 percent up at 941.50p after reporting growth and market share gains in all its major territories in the quarter ended September 30.
The FTSE 100 was 0.11 percent down at 7,047.08 points as of 12:57 BST on Thursday, 18 October 2018.