FXStreet (Mumbai) – The London’s Ftse index edged lower on Monday, although it stays relatively resilient its European peers after the Greeks rejected the creditor’s offer at Sundays’ referendum.
Rolls Royce hurt by profit downgrade
Shares in Rolls Royce fell more than 6% on Monday as the share buyback programme was being halted after Rolls Royce’s third profit warning in nine months. Other major index losers are Schroders, TUI AG, RBS PLC, and Wier Group. On the other hand, major index gainers are Royal Mail, Marks&Spencer, SSE, Barratt, and Compass.
The British equity markets stayed relatively resilient since UK economy is comparatively less threatened by the Grexit.
The Ftse index currently trades 0.70% lower at 6539.80. The FTSE 100 has erased its 2015 gains and is almost 8% below a record high of 7,122.74 points set in April.
(Market News Provided by FXstreet)