|Day's range||7,300.37 - 7,350.52|
|52-week range||6,536.50 - 7,727.50|
Investing.com -- Shares in International Consolidated Airlines Group rose 2.0% Wednesday after BALPA, the union representing British Airways pilots, said it would call off strike action planned for next week.
London's main index see-sawed in early Wednesday trading as investors awaited the outcome of the U.S. Federal Reserve meeting to get a sense of how far policymakers in the world's largest economy will go to tackle a global slowdown. The Federal Reserve is set to conclude its latest policy meeting later in the session, with expectations that it will cut interest rates for the second time this year as it looks to cushion the economy from an ongoing trade war with China. "The question facing the market is how many more (rate cuts) there are to come," Markets.com analyst Neil Wilson wrote.
The FTSE 100 ended 0.1% lower, while the domestically-focussed mid-cap FTSE 250 index added 0.1%. The Federal Reserve is set to conclude its latest policy meeting on Wednesday, with expectations that it will cut interest rates for the second time this year as it looks to cushion the economy from the impact of an ongoing trade war with China. "The mood today has been one of cautious optimism, as the U.S. central bank is tipped to lower interest rates, but seeing as the U.S. economy is in good shape, there is the possibility the update won't be as dovish as expected," CMC Markets analyst David Madden said.
Sports Direct is understood to be not planning to contact the business secretary for help, despite being without an auditor for a week.
Britain's blue-chip index ended flat on Tuesday as losses in oil major BP, triggered by a report that Saudi Arabia's output could be back up quicker than expected, were countered by gains in so-called defensive sectors. The FTSE 100 was marginally down at 0.01%. The FTSE 250 fell 0.1%, dragged lower by a collapse in the shares of fertiliser maker Sirius Minerals after the company cancelled the bond tender at the heart of a crucial project in northern England.
The company said it could no longer issue a $500m junk bond, which it needed to unlock funding for a huge fertiliser mine in Yorkshire.
Shares in Persimmon and Taylor Wimpey were lower on Tuesday after a government body criticised the public funding Help to Buy scheme which makes it easier for first-time buyers to afford a home and has been a big boost to British housebuilders. At 0743 GMT, Taylor Wimpey , Persimmon and Berkeley Group were all down 1.3% and 1.6%, lagging the broader FTSE 100 index, which was up 0.2%. "Help to Buy was originally intended as a short-lived scheme, but will now last for 10 years and consume over 8 times its original budget, yet the value achieved from its extension is uncertain," the House of Commons' Public Accounts Committee (PAC) said in a report published on Tuesday.
The FTSE 100 was marginally down at 0.01%. The FTSE 250 fell 0.1%, dragged lower by a collapse in the shares of fertiliser maker Sirius Minerals after the company cancelled the bond tender at the heart of a crucial project in northern England. BP fell 1.4% as crude prices dropped after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks following weekend attacks that halved the kingdom's output.
So far in the Brexit process, the pound has faced periodic volatility, which in turn has affected the shares in the FTSE 100 (INDEXFTSE: UKX). Let's take a closer look.
Investing.com -- European stock markets opened lower Tuesday as concerns over the spike in oil prices continued to weigh on markets. Asian stocks had also weakened overnight, after the U.S. reportedly shared intelligence with Saudi Arabia showing that Iran was responsible for the weekend attack on its oil facilities. Saudi Arabia hasn't yet joined the U.S. in publicly blaming Iran, something that could raise the likelihood of a coordinated response against the Islamic Republic.
Britain's blue-chip index dropped on Monday as non-oil stocks took a hit from mounting geopolitical risks and growth concerns after crude prices rose due to the attacks on Saudi Arabian production facilities. The FTSE 100 slipped 0.6% overall, but a 4% gain in BP and 2% in Shell kept a lid on losses. The FTSE 250 was down 0.7%.
The pound fell after it emerged that Boris Johnson would reject any offer of a Brexit extension made by Jean-Claude Juncker.