Countryside Properties, M&S drag British midcaps lower; banks lift FTSE 100



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Tesco, M&S slip after lifting profit outlooks

* Countryside Properties drops as CEO steps down

* FTSE 100 up 0.2%, FTSE 250 off 0.4% (Updates to close)

By Shashank Nayar

Jan 13 (Reuters) - London's FTSE 250 index slipped on Thursday, dragged down by shares of Countryside Properties and Marks & Spencer, while a rise in heavyweight financial and commodity stocks helped the FTSE 100 edge higher.

The domestically-focussed mid-cap index .FTMC closed 0.4% lower, with homebuilder Countryside Properties CSPC.L dropping 20.6% to the bottom of the index after a disappointing trading update and as its chief executive stepped down.

Marks & Spencer MKS.L slipped 7.9% after the retailer nudged up its full-year forecast for profit before tax to be at least 500 million pounds ($686 million) versus a prior estimate of about 500 million pounds.

Laura Hoy, an analyst at Hargreaves Lansdown said, M&S shares had "climbed markedly higher since the start of the pandemic, and it will take a lot more than a nudge to profits to sustain those expectations."

Tesco TSCO.L , Britain's biggest retailer, also raised its profit outlook on stronger than expected Christmas sales, but along with other retailers it warned of pain to come from higher freight costs, wage hikes for warehouse workers and more expensive raw materials.

Its shares slipped 0.9%

"This response seems a little churlish but may have more to do with the fact that the shares are close to their highest levels in 11 months and it certainly doesn't mean they can't go higher longer term," CMC Markets analyst Michael Hewson said about Tesco.

Tesco and M&S have gained nearly 20% and 75.1% over the past year, respectively, marking a strong recovery from the pandemic-induced sell-off.

The FTSE 100 .FTSE ended 0.2% higher, boosted by HSBC HSBA.L , Prudential PRU.L , Barclays BARC.L and Lloyds Group LLOY.L .

The blue-chip index is on track for its fourth consecutive week of gains as heavyweight energy, mining and banking stocks have helped it outperform both the wider European index .STOXX and Britain's mid-cap index .FTMC this year.

Oilfield services and engineering firm Wood Group WG.L jumped 20.5% after it said selling a division under its consulting business was the best option to deliver value for shareholders.
Reporting by Shashank Nayar and Devik Jain in Bengaluru Editing by Amy Caren Daniel and Mark Potter

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明