LONDON MARKETS: U.K. Stocks Snap Three-day Losing Run
September 19 2019 - 1:01PM
Dow Jones News
By Steve Goldstein, MarketWatch
U.K. stocks closed higher Thursday to end a three-day losing
run, led higher by more defensive plays.
The FTSE 100 rose 0.58% to 7356.42, with telecom giant Vodafone
(VOD.LN) and pharmaceutical AstraZeneca (AZN.LN) each rising more
than 2%.
British Airways owner International Consolidated Airlines Group
(IAG.LN) was the top percentage riser in the FTSE 100, gaining
3.8%.
The gains came as the Bank of England held interest rates, as
expected, and painted a softer view toward the economy. "Entrenched
Brexit uncertainties and slower global growth have led to the
re-emergence of a margin of excess supply," the central bank
said.
The worst performer was Next (NXT.LN) , losing over 5% as the
retailer reiterated its full-year pretax profit view.
U.K. retail sales more broadly fell 0.2% in August after a
decline in non-store sales. Amazon's Prime Day had boosted activity
in July.
(END) Dow Jones Newswires
September 19, 2019 12:46 ET (16:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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