Menu
Equities By Region Indices UK

FTSE 100 watch: Trade hopes and corporate results lift Footsie

Share this article!

The UK benchmark index has climbed higher in today’s session, finding support in optimism over the trade relations between the US and China. Heavyweight Vodafone (LON:VOD) is also lending support to the FTSE 100 after updating investors on its half-year performance.

FTSE 100 trades higher

As of 12:32 GMT, the Footsie had added 17.10 points to stand 0.24 percent higher at 7,070.18. Sentiment has been positive today amid hopes for progress in the US-China trade relations as the South China Morning Post reported that Beijing’s top trade negotiator Liu He may visit Washington.

Investors have shrugged off a downbeat lead from the US, where tech shares were hit by a slide in Apple.

Individual movers

Vodafone is also lending support to the Footsie, even as it reported a loss for the first half of its financial year. The telecoms group, however, lifted its free cash flow outlook and left its payout to shareholders unchanged. Vodafone’s shares are 7.69 percent higher at 155.46p.

Experian (LON:EXPN) meanwhile is 5.63 percent higher at 1,894.00p after the company flagged organic revenue growth at the top end of its guidance range. Taylor Wimpey (LON:TW), however, is underperforming the market after posting its trading update.

“Trading through the second half has been strong with sales rates around eight percent ahead of the prior year. However, operating from a lower number of sites combined with a more cautious outlook for next year sees us trim our full-year 2019 volume expectations,” Peel Hunt analysts said in a note, as quoted by Reuters. Taylor Wimpey’s share price is 0.52 percent down at 162.25p.

The FTSE 100 was 0.11 percent up at 7,060.81 points as of 12:56 GMT on Tuesday, 13 November 2018.

Add Comment

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.