FTSE 100 slips on weak data from Aberdeen, SSE
Xinhua, July 24, 2015 Adjust font size:
FTSE 100 Index, British benchmark stock market gauge, Thursday slipped slightly by 0.18 percent, or 12.33 points, to 6655.01, as some blue chips released lackluster data or forecast.
Aberdeen Asset Management, a Britain-based fund management company, announced that it saw net outflow of 9.9 billion pounds (15.5 billion U.S. dollars) in the last quarter.
SSE Plc., Britain's second-largest energy supplier, said it expects lower profit from its retail business this year.
Late this afternoon, however, British publisher Pearson Plc announced that it has agreed the sale of FT Group to Nikkei Inc. for a gross consideration of 844 million pounds (or 1.3 billion dollars), payable in cash.
Aberdeen Asset Management decreased by 7.61 percent, topping the losers of the blue chips.
Prices of SSE, Glencore, Ashtead Group and J Sainsbury's dropped by 5.04 percent, 3.49 percent, 3.23 percent and 2.20 percent respectively.
Mobile device chip designer ARM Holdings led the top gainers of the blue chips with a share price increase of 4.64 percent, followed by Pearson (2.07 percent), Kingfisher (2.02 percent), Uniliver (1.61 percent) and Severn Trent (1.41 percent).
Trading volume in FTSE 100 companies was around 10 percent smaller than its 30-day average. And the index has gained 3.67 percent so far this year. Endit