The FTSE 100 closed down 0.8% at 7911 points on Friday following Wall Street drop last night. “After yesterday’s yield driven gains in London, today has seen the reverse, though the FTSE 100 still looks in a good place to make further gains thanks to a rosier earnings outlook,” Chris Beauchamp, chief market analyst at online trading platform IG, said. Ocado Group, St. James’s Place and JD Sports Fashion were the session’s biggest fallers, down 9.0%, 4.3% and 4.0%, respectively. Flutter Entertainment was the day’s highest riser, up 1.1%, followed by BAE Systems and Smith & Nephew, up 1.0% and 0.9%, respectively.
COMPANIES NEWS:
Shell Expects Gas Production to Beat Guidance
Shell expects first quarter gas production to beat its previous guidance after a strong start to the year but for earnings to be lower than the prior quarter.
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Steppe Cement Revenue Falls; Margin Decreases on Higher Transportation Costs
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