FTSE 100 this morning opened flat
Trading Floor News March 12, 2013 3:50 PM
<p>The FTSE 100 this morning opened flat after data showed manufacturing output came out worse than expected once again in January, it fell by 1.5% […]</p>
The video cannot be shown at the moment. Please try again later.
- The FTSE 100 this morning opened flat after data showed manufacturing output came out worse than expected once again in January, it fell by 1.5% so far following a 1.7% from December, although some UK shares did keep on top, Antofagasta was up 4.2% after it revealed plans to more than doubling its dividend pay-out for last year, much more than expected bringing it to top of the leader board.
- On the downside British land fell 3% after the property company said it was planning to raise £500 million to help acquisitions and over to the banking sector Lloyds led them higher as they reduced 20% of its stake in St. James’s place wealth management business giving the bank a net gain of £400m.
- The Main focus on Thursday will be on seeing how the markets react to the European Union leaders meeting to discuss the bailout for Cyprus and the nation’s debt sustainability.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.