Stock Market News
Sector movers: LSE leads financial pack as software slumps with Sage
Financial services were the top moving sector on the London bourse on Wednesday, led higher by LSE after Morgan Stanley said in an earnings preview that it sees upside surprise as we head into FY17 results on 2 March.
The bank said 4Q17 volumes across secondary markets (cash equity, Italian fixed income and derivatives) have been robust and this has carried on into 2018 with volumes year-to-date around 20% year-on-year on a like for like basis.
Also on the topic of London Stock Exchange Group, Sky News reported that the hedge fund which planted the dynamite under the firm's boardroom last year was now fuelling expectations of a £15bn takeover bid from a transatlantic rival.
The channel reported that The Children's Investment Fund Management chief Sir Christopher Hohn had investors last week that he saw further consolidation among exchanges as an inevitability.
He reportedly predicted that a takeover bid from either Chicago Mercantile Exchange parent CME Group, or Intercontinental Exchange - which owns the New York Stock Exchange - was looking more and more likely for at least a chunk of LSE.
Mining was also a winner during the afternoon, with Mexico-based precious metals miner Fresnillo shining after it reported record annual silver production in its fourth quarter production update, totalling 58.7 moz including Silverstream.
Software and computer services were leading the bottom end of the index, with accounting software developer Sage in the doldrums.
The firm earlier reported that it increased sales slightly below target in the first three months of its financial year as it invested "heavily" in sales training to allow sales to accelerate in coming months.
Top performing sectors so far today
Financial Services 11,237.73 +0.82%
Oil Equipment, Services & Distribution 13,898.70 +0.57%
Mining 19,035.32 +0.42%
Real Estate Investment & Services 2,903.93 +0.41%
Industrial Metals & Mining 4,135.21 +0.28%
Bottom performing sectors so far today
Software & Computer Services 2,263.47 -2.74%
Forestry & Paper 20,481.74 -2.11%
Aerospace and Defence 4,902.96 -2.00%
Pharmaceuticals & Biotechnology 12,442.89 -1.99%
Beverages 20,472.93 -1.88%
The bank said 4Q17 volumes across secondary markets (cash equity, Italian fixed income and derivatives) have been robust and this has carried on into 2018 with volumes year-to-date around 20% year-on-year on a like for like basis.
Also on the topic of London Stock Exchange Group, Sky News reported that the hedge fund which planted the dynamite under the firm's boardroom last year was now fuelling expectations of a £15bn takeover bid from a transatlantic rival.
The channel reported that The Children's Investment Fund Management chief Sir Christopher Hohn had investors last week that he saw further consolidation among exchanges as an inevitability.
He reportedly predicted that a takeover bid from either Chicago Mercantile Exchange parent CME Group, or Intercontinental Exchange - which owns the New York Stock Exchange - was looking more and more likely for at least a chunk of LSE.
Mining was also a winner during the afternoon, with Mexico-based precious metals miner Fresnillo shining after it reported record annual silver production in its fourth quarter production update, totalling 58.7 moz including Silverstream.
Software and computer services were leading the bottom end of the index, with accounting software developer Sage in the doldrums.
The firm earlier reported that it increased sales slightly below target in the first three months of its financial year as it invested "heavily" in sales training to allow sales to accelerate in coming months.
Top performing sectors so far today
Financial Services 11,237.73 +0.82%
Oil Equipment, Services & Distribution 13,898.70 +0.57%
Mining 19,035.32 +0.42%
Real Estate Investment & Services 2,903.93 +0.41%
Industrial Metals & Mining 4,135.21 +0.28%
Bottom performing sectors so far today
Software & Computer Services 2,263.47 -2.74%
Forestry & Paper 20,481.74 -2.11%
Aerospace and Defence 4,902.96 -2.00%
Pharmaceuticals & Biotechnology 12,442.89 -1.99%
Beverages 20,472.93 -1.88%
Related share prices |
---|
Sage Group (SGE) share price |
London Stock Exchange Group (LSE) share price |
Fresnillo (FRES) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price