FTSE 100 watch: Footsie steady as MPs prepare to vote on Brexit delay

TUI shares outperform amid analyst comments

FTSE 100 watch: Footsie steady as MPs prepare to vote on Brexit delay

The UK benchmark index has climbed in London in today’s session, holding steady after MPs rejected the no-deal Brexit option, and with parliament set to vote on a potential delay to the country’s exit from the European Union. TUI Group (LON:TUI) meanwhile has soared to the top of the FTSE 100 leaderboard following upbeat analyst comments.

FTSE 100 holds steady

As of 12:48 GMT, the Footsie had added 32.50 points to stand 0.45 percent higher at 7,191.69. Sentiment has been upbeat after the UK parliament rejected a no-deal Brexit last night.

“The good news is that no-deal is off the table. The bad news is there isn’t a table,” said Raymond James analyst Chris Bailey, as quoted by Reuters. Proactive Investors meanwhile quoted Naeem Aslam, market analyst at ThinkMarkets, as commenting that for now, the lawmakers were  “set to vote again in the parliament and they will have to choose between the May's deal (failed twice already), perhaps the prime minister doesn’t understand the meaning of humiliating defeat, and delay Brexit”.

Individual Footsie movers

In individual Footsie movers, shares in TUI have soared 3.92 percent to 800.20p after Morgan Stanley lifted its rating on the blue-chip group, arguing that the recent profit warning had left the stock attractive.

Shares in Standard Life Aberdeen (LON:SLA) meanwhile have built on the previous session’s gains when the stock rose after the group’s results and as the company announced that it was scrapping its co-chief executive structure. The group’s shares are currently changing hands 2.73 percent higher at 257.65p.

The FTSE 100 index was 0.55 percent up at 7,198.50 points as of 14:05 GMT on Thursday, 14 March 2019.

Top Equities Brokers

0 Brokers added for comparison:
Clear all