Profit warnings and ECB rate decision weigh on market - News Summed Up

Profit warnings and ECB rate decision weigh on market


Traders stayed out of the market as they awaited an update from Mario Draghi, president of the European Central Bank, on its interest rate decision and QE Michael Probst/APA renewed volley of weak trading updates dragged on stock markets for a second day. Profit warnings from Keller Group, down 25.8 per cent to below 657p, and Senior, another mid-cap engineering firm, off 14.4 per cent to about 175p, and a weak update from NCC, the cybersecurity company, 35.2 per cent lower to 224¼p, were the latest figures to hit trading screens this week. They followed warnings from Travis Perkins, down a further 1.5 per cent to £14.01, Motorpoint, the car dealer, which regained 4 per cent to 129¼p, and Laird, the smartphone supplier, which recouped 5.6 per cent…


Source: The Times October 20, 2016 10:52 UTC



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