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 midday: Stocks dip as investors eye UK inflation, BoE
(Sharecast News) - London stocks had dipped into the red by midday on Monday as worries about French political uncertainty crept in again, and as investors eyed a key UK inflation reading and the latest policy announcement from the Bank of England later in the week.
US pre-open: Futures mixed, but Nasdaq tests new highs
(Sharecast News) - US stock futures were pointing to a mixed start on Wall Street on Monday, though the Nasdaq is expected to test new highs to start a shortened trading week.
Asia report: Markets fall as investors digest wave of China data
(Sharecast News) - Asia-Pacific markets were primarily in the red on Monday, as investors digested key economic data from China.
London open: Stocks gain as investors eye CPI, BoE decision
(Sharecast News) - London stocks rose in early trade on Monday as investors eyed a key UK inflation reading and the latest policy announcement from the Bank of England later in the week.

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.