FTSE 100

Today's data summary

Market open
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As of 08:51 22 May 2019

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SSE and M&S weigh on FTSE

The FTSE 100 has opened marginally higher in London, currently up almost 30 points at 7,358.26.

Shares in Marks & Spencer and SSE are both down following the companies annual results.

M&S shares are more than 3% lower, while SSE is down more than 2%.

The markets...

FTSE 100 chart

The FTSE 100 has remained in healthy spirits today and is currently up 48.37 at 7359.25.

Coca-Cola is the biggest climber, bubbling up 4% to 2,779.50.

Sage Group has risen 3.11% to 761.70 and Micro Focus is up 3.03% to 1,962.20.

BreakingFTSE opens positively

The FTSE 100 opened this morning at 7,337.67, up 26.79 or 0.37%.

Meanwhile the FTSE 250 opened at 19,420.79, up 85.20 or 0.44%.

London ends lower

London Stock Exchange
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London shares have ended lower, as European markets saw a day of gloom after Google and other US firms announced that they would no longer supply Huawei, signalling that the US-China trade war would be unlikely to be resolved soon.

The FTSE 100 closed 37.7 points or 0.5% down to 7,310.88. Top of the losers is Coca-Cola, which fell 6.4% to £26.81 after dropping plans to re-franchise its Africa bottling business CCBA.

The FTSE 250 ended 163 points or 0.8% lower to 19,335.59. Merlin Entertainments heads the losers, falling 6.7% to 349.9p after HSBC analysts downgraded its shares from "buy" to "reduce", saying that the theme park owner's outlook would be just "okay" in 2019 as it recovers from multiple headwinds over the last few years.

Airline and travel shares down

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Thomas Cook's well-reported woes - its shares are at five year lows - and Ryanair's less-positive figures published today have hit their rivals.

Budget airline EasyJet is the biggest faller in the FTSE 100 so far today, dropping 3.28% to 99.90, closely followed by holiday firm Tui, down 2.37% to 808.60.

Ryanair shares have fallen almost 6% to 10.18 this morning.

FTSE flat on opening

The FTSE 100 has started the week up 5.33, or 0.07%, at 7,354.35.

The FTSE 250 has slipped 24.16, or 0.12%, to 19,473.47

Just Eat 'could get knocked out of FTSE 100'

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That 7% slide in Just Eat's share price could bring respite for other companies in the FTSE 100, says Laith Khalaf, senior analyst at Hargreaves Lansdown.

"For Just Eat, the fall in the share price means it could well get knocked out of the FTSE 100 in the forthcoming reshuffle, potentially saving the blushes of easyJet and Marks & Spencer, who are also fighting a relegation battle," he said.

"Amazon’s investment in Deliveroo has taken a bite out of Just Eat’s share price. It’s not just the fresh funding that has stoked concerns, Amazon is known for its tolerance for losses, and its willingness to price-gouge in search of market share," he added.

FTSE open

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The FTSE 100 is off 13 points in early trading, at around 7,340.

JustEat is the biggest faller - down 7%, perhaps knocked by that announcement of Amazon's investment in Deliveroo.

The bigger riser is Easyjet, which published results earlier, up 4%.

London ends higher

London Stock Exchange
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London shares have ended higher, joining European markets in focusing optimistically on the possibility that the US will delay implementing tariffs on automobiles.

The FTSE 100 closed 56.6 points or 0.8% ahead to 7,353.51, led by British financial services firm Hargreaves Lansdown, which rose 3.8% to £24.33 after reporting a 6% rise in revenues for the first quarter of 2019, despite lower share trading volumes.

The FTSE 250 ended 160.9 points or 0.8% up to 19,530.65. Top of the winners was biotechnology firm Genus, which jumped 14% to £28.84 after announcing a new deal to bring virus-resistant pigs produced from edited genes to China.

London closes ahead

London Stock Exchange
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London shares have closed higher, aided by positive Eurozone data and a sliding pound due to continued Brexit chaos.

The FTSE 100 ended 55.4 points or 0.8% ahead at 7,296.95, led by Auto Trader Group, which rose 3.8% to 591.4p.

The FTSE 250 closed just 2.4 points or 0.01% up at 19,369.77. Top of the winners was drug maker Indivior, which jumped 16.6% to 52.8p after three executives spent £76,140 in buying shares in the firm.