Menu
Equities By Region Indices UK

FTSE 100 watch: Footsie slips lower amid ongoing Brexit fears

Share this article!

The UK benchmark index has slipped into the red in today’s session, following downbeat leads from the US and Asia, and with Brexit worries continuing to weigh on sentiment. Compass Group (LON:CPG) meanwhile is outperforming the FTSE 100 after updating investors on its full-year performance.

FTSE 100 slips lower

As of 12:33 GMT, the Footsie had lost 31.47 points to stand 0.45 percent lower at 6,969.42. Sentiment has been subdued following a downbeat lead from the US which suffered a tech selloff, while at home, Prime Minister Theresa May continues with her struggle to win support for her draft Brexit deal.

“The selling continues across markets, as Europe takes another leg down, driven by trade wars, tech sector concerns and the ongoing impasse with the Italian budget. Oh, and Brexit, where the UK government is now likely to lose the support of its DUP allies if a vote on the deal comes to pass,” Chris Beauchamp, the chief market analyst at IG Markets, commented, as quoted by Proactive Investors.

Individual movers

In individual movers, Compass has climbed higher in today’s session, after reporting 5.5-percent underlying revenue growth and a 7.1-percent rise in operating profit for the year ended September 30.

“With labour inflation the key concern across the sector currently, we think that investors may breathe a sigh of relief with ‘in line’ results and positive commentary on the top line and margin outlook,” said Barclays analysts, as quoted by Reuters. Compass’ share price is 4.28 percent higher at 163.20p.

easyJet (LON:EZJ), however, has given up 4.85 percent to 1,118.00p, even as it posted a rise in profits and hiked its payout to shareholders.

The FTSE 100 was 0.40 percent down at 6,972.67 points as of 12:51 GMT on Tuesday, 20 November 2018.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.