Latest News

UK News

Click Here to read UK News

Forex News

Click Here to read Forex News

Market News

Click Here to read Market News

Irish News
/fxcentre/i-want-to/read-news
UPDATE 2-FTSE climbs ahead of Sino-U.S. trade deal
Published at 14/01/2020 at 16:59

* FTSE 100 up 0.1%, FTSE 250 up 0.2%

* U.S., China give positive feelers ahead of deal signing

* Gambling stocks fall on rule banning credit card use

* Centamin falls after Endeavour abandons bid

* Boohoo climbs to fresh record

(Adds company news items, updates share moves)

By Shashwat Awasthi and Muvija M

Jan 14 (Reuters) - London's main index ended a choppy Tuesday session with slight gains, as investors looked towards the signing of the Phase 1 U.S.-China trade deal, while betting firms lost ground after Britain banned consumers from using credit cards to gamble.

The FTSE 100 closed 0.1% higher. The FTSE 250

rose 0.2%, driven by a 9.2% jump in miniature wargame maker Games Workshop after reporting record profit and sales.

Ahead of the interim trade deal on Wednesday, a source said China would ramp up purchases of cars, aircraft and energy supplies from the United States. Separately, Washington said Beijing should no longer be designated a currency manipulator.

"A little bit of risk-off across the board ... as investors look towards next steps in terms of U.S.-China trade. There's no one catalyst apart from general profit-taking ahead of the start of earnings season in the U.S.," CMC Markets analyst Michael Hewson said.

Homebuilder Taylor Wimpey was the second-best performer on the FTSE 100, rising 4% after a trading update showed that its order book surged 22% in 2019, aided by the government's Help to Buy scheme.

Meanwhile, gambling firms Flutter Entertainment and William Hill gave up 1.2% and 2.5%, respectively, on Britain's new rule designed to prevent consumers from building up too much debt.

Other industry players GVC and 888 recouped earlier losses to end marginally higher.

Shares of Elementis slid 14.7% to the bottom of the midcaps after the speciality chemicals company warned of a lower 2019 profit. The stock recorded its steepest one-day fall since mid-2015.

Another significant faller was gold miner Centamin , which lost 7% on its worst day since early December after Canadian company Endeavour Mining scrapped plans to take over the London group.

AIM-listed online fashion retailer Boohoo advanced 5% to a record high after reporting robust performance in its Christmas trading period and hiking its full-year forecast.

"Boohoo continues to defy the broader gloom on the High Street thanks to its appeal among younger shoppers, its tight marketing and laser focus around celebs and social media," Markets.com analyst Neil Wilson said.

(Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Shailesh Kuber; Anil D'Silva and Alison Williams)

((Shashwat.Awasthi@thomsonreuters.com; within UK: +1 646 223 3403; outside UK: +91 80 61822606, +91 80 37962606;))

(( For related prices, Reuters users may click on - *

UK stock report

FTSE index:

techMARK 100 index: FTSE futures:

Gilt futures: Smallcap index:

FTSE 250 index: FTSE 350 index:

Market digest: Top 10 by vol:

Top price gainers: Top % gainers:

Top price losers: Top % losers:

* For related news, click on - *

UK hot stocks: [HOT and GB] Wall Street:

Gilts report: Euro bond report

Pan European stock report:

Tokyo stocks: HK stocks:

Sterling report: Dollar report:

* For company prices, click on - *

Company directory: By sector:

* For pan-European market data, click on - *

European Equities speed guide................

FTSE Eurotop 300 index...........................

DJ STOXX index...................................

Top 10 STOXX sectors........................

Top 10 EUROSTOXX sectors...................

Top 10 Eurotop 300 sectors..................

Top 25 European pct gainers....................

Top 25 European pct losers..................... ))