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
FTSE 100 set to snap six-day losing streak, Thomas Cook plummets
Published at 12/07/2019 at 08:22

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

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

* Thomas Cook slumps after talks of a 750 mln stg bailout

* Lookers drops after profit warning

July 12 (Reuters) - Gains in financial stocks and oil majors drove London's main index higher in early trade on Friday, while small-cap Thomas Cook tanked after a proposed 750 million-pound bailout.

The FTSE 100 edged 0.2% higher amid increasing bets that the U.S. central bank will cut interest rates later this month. The mid-cap FTSE 250 added 0.1% by 0710 GMT.

An index of financials companies rose after two sessions of losses, while Shell and BP were also among the biggest boosts to the index in early dealings.

Thomas Cook , hit recently by fading demand for packaged holidays and high debt, slumped more than 30% on a proposed bailout which would hand control of its packaged-tour business to largest shareholder Fosun Tourism .

Small-cap Lookers , whose shares have almost halved in value this year as the car dealership chain battles weaker car demand in Britain, sank 26% after it warned on annual profit.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 223 3403; outside U.S. +91 80 6749 3403; Reuters Messaging: shashwat.awasthi.thomsonreuters.com@reuters.net))

(( 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..................... ))