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Dec. 13, 2018, 2:25 p.m. EST

Attention returns to Brexit turmoil, leaving London stocks in the red

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By Emily Horton


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Theresa May

London stocks edged slightly lower to finish in the red Thursday, as attention returned to Brexit turmoil a day after U.K. Prime Minister Theresa May narrowly fought off a leadership challenge.

What did markets do?

The U.K.’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.31%  declined 2.69 points, or less than 0.1%, to close at 6,877.50, after finishing up 1% on Wednesday in New York.

What is driving the markets?

May survived her leadership challenge late on Wednesday evening, successfully suppressing a damaging rebellion led by a group of anti-EU Conservative MPs. She will now return to fighting for the Brexit withdrawal deal that has divided UK politics in recent weeks, and was at an EU meeting in Brussels Thursday.

What stocks are active?

London-listed German travel giant TUI AG /zigman2/quotes/207049334/delayed UK:TUI -5.34% rose 4.5% after reporting its fiscal 2018 net profit rose by 14%.

Bunzl PLC /zigman2/quotes/201880362/delayed UK:BNZL -2.16%  rose 1.3%, after the distribution and outsourcing group said it would deliver revenue growth for 2018.

Supermarket Ocado Group PLC /zigman2/quotes/207225647/delayed UK:OCDO +0.24%  rose 1.4% after the company announced a rise in fourth-quarter retail revenue.

In heavyweight oil stocks, BP PLC  lost 0.4% and Tullow Oil PLC /zigman2/quotes/205079109/delayed UK:TLW +9.81%  declined 2.8%.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,630.52
-20.36 -0.31%
Volume: 997,627
March 5, 2021 4:59p
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/zigman2/quotes/207049334/delayed
UK : U.K.: London
413.30 p
-23.30 -5.34%
Volume: 6.18M
March 5, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.80 billion
Rev. per Employee
£144,389
loading...
/zigman2/quotes/201880362/delayed
UK : U.K.: London
2,178.00 p
-48.00 -2.16%
Volume: 629,548
March 5, 2021 4:35p
P/E Ratio
17.01
Dividend Yield
2.37%
Market Cap
£7.43 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
2,088.00 p
+5.00 +0.24%
Volume: 1.47M
March 5, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£15.38 billion
Rev. per Employee
£125,244
loading...
/zigman2/quotes/205079109/delayed
UK : U.K.: London
50.82 p
+4.54 +9.81%
Volume: 37.51M
March 5, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£656.10 million
Rev. per Employee
£1.43M
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