Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

London pre-open: Stocks seen muted after slightly weaker US close

(Sharecast News) - London stocks were set for a muted open on Wednesday following a slightly weaker close on Wall Street. The FTSE 100 was called to open just four points lower.

In corporate news, Diploma said it had bought Peerless Aerospace Fastener, a distributor of specialty fasteners into the US and European aerospace markets for £236m.

CMC Markets said it now expects FY 2024 net operating income to exceed the top end of the previously guided range of £290m to £310m as positive momentum continued into the fourth quarter after a strong performance in Q3.

"We continue to see strength in the institutional and B2B business as the group benefits from the long-term investments in this area," it said.

"The group also has a strong pipeline of B2B partnerships some of which are in the advanced stages."

Elsewhere, Travis Perkins said its chief executive Nick Roberts was stepping down from his position and the company's board after serving for five years.

It said the board and Nick had mutually agreed that it was the appropriate time to search for a new leader to guide the business forward.

Roberts will continue in his role until a suitable successor is found, with the Nominations Committee currently engaged in a thorough search process for his replacement, it said.

Share this article

Related Sharecast Articles

London close: Stocks manage gains as unemployment rises
(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.
London midday: FTSE touch firmer after jobs data, Pill comments
(Sharecast News) - London stocks were still just a touch firmer by midday on Tuesday as investors mulled the latest jobs data and comments from Bank of England chief economist Huw Pill.
London open: Stocks nudge up as investors mull jobs data
(Sharecast News) - London stocks were just a touch higher in early trade on Tuesday as investors mulled conflicting UK jobs data.
London pre-open: Stocks seen down as investors mull jobs data
(Sharecast News) - London stocks were set to edge lower at the open on Tuesday as investors mulled data showing the UK jobs market is cooling.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.