This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36802646
The article has changed 5 times. There is an RSS feed of changes available.
Version 3 | Version 4 |
---|---|
UK shares end higher but pound is down | |
(about 2 hours later) | |
(Close): UK shares finished up slightly on Friday but the pound has lost ground as investors continue to digest the Bank of England's latest pronouncement. | |
On Thursday, the Bank stunned the markets by keeping interest rates on hold, following speculation that it would cut rates from 0.5% to 0.25%. | On Thursday, the Bank stunned the markets by keeping interest rates on hold, following speculation that it would cut rates from 0.5% to 0.25%. |
The FTSE 100 gained just 15 points, or 0.22%, to close at 6,669.24. | |
The FTSE 250, which is more weighted towards UK companies, closed down 60.77 points, or 0.36%, at 16,727.27. | |
The pound was down 1.15% against the dollar at $1.31.90. Against the euro, it was down 0.65% at €1.19.26. | |
Among individual shares, airlines bore the brunt in the wake of Thursday night's Bastille Day attack in the French resort of Nice. | Among individual shares, airlines bore the brunt in the wake of Thursday night's Bastille Day attack in the French resort of Nice. |
Easyjet and British Airways owner IAG were down 2.6% and 1% respectively. | |
High Street mainstays Morrisons and Marks and Spencer fell 1.4% and 1.7% respectively. | |
Earlier in the day other European share indexes were also down, reflecting market gloom at the French terror attack. | |
By the end of trading they had recovered much of the lost ground. The Cac index in Paris was down by 0.3%, with the biggest faller being hotel group Accor, down by 4%. | |
Frankfurt's Dax was pretty much unchanged at the close - down just 0.01%. |