Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1714
    +0.0021 (+0.18%)
     
  • GBP/USD

    1.2623
    +0.0000 (+0.00%)
     
  • Bitcoin GBP

    55,355.12
    -566.94 (-1.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

BUZZ-Electrocomponents: shares hit by HSBC downgrade

** Electrical parts maker Electrocomponents (LSE: ECM.L - news) shares -3.6 pct, on track for biggest one-day fall since April, after HSBC cuts rating to "hold" from "buy", TP to 240p v 290p

** Broker flags strong USD lifts sales but squeezes gross margins

** Says management action will help gross margins but FX means it is likely to be a slower process than it previously expected

** Up to Tuesday's close, stock -12 pct compared with 5 pct fall in the FTSE Support Services index since June 23 (RM (LSE: RM.L - news) :sanjeeban.sarkar.thomsonreuters.com@reuters.net)