LONDON MARKETS: Attention Returns To Brexit Turmoil, Leaving London Stocks In The Red
December 13 2018 - 2:39PM
Dow Jones News
By Emily Horton
London stocks edged slightly lower to finish in the red
Thursday, as attention returned to Brexit turmoil a day after U.K.
Prime Minister Theresa May narrowly fought off a leadership
challenge.
What did markets do?
The U.K.'s FTSE 100 declined 2.69 points, or less than 0.1%, to
close at 6,877.50, after finishing up 1% on Wednesday in New
York.
What is driving the markets?
May survived her leadership challenge
(http://www.marketwatch.com/story/uk-prime-minister-theresa-may-survives-confidence-vote-amid-brexit-chaos-2018-12-12)
late on Wednesday evening, successfully suppressing a damaging
rebellion led by a group of anti-EU Conservative MPs. She will now
return to fighting for the Brexit withdrawal deal that has divided
UK politics in recent weeks, and was at an EU meeting in Brussels
Thursday.
What stocks are active?
London-listed German travel giant TUI AG rose 4.5% after
reporting its fiscal 2018 net profit rose by 14%
(http://www.marketwatch.com/story/tui-net-profit-up-14-upbeat-on-winter-period-2018-12-13).
Bunzl PLC (BZLFY) rose 1.3%, after the distribution and
outsourcing group said it would deliver revenue growth for 2018
(http://www.marketwatch.com/story/bunzl-sees-revenue-growth-despite-forex-hit-2018-12-13).
Supermarket Ocado Group PLC (OCDO.LN) rose 1.4% after the
company announced a rise in fourth-quarter retail revenue
(http://www.marketwatch.com/story/ocado-group-revenue-up-12-2018-12-13).
In heavyweight oil stocks, BP PLC (BP.LN) lost 0.4% and Tullow
Oil PLC (TLW.LN) declined 2.8%.
(END) Dow Jones Newswires
December 13, 2018 14:24 ET (19:24 GMT)
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