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Jan. 29, 2019, 9:40 a.m. EST

London markets jump ahead of Brexit debate and vote

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By Emily Horton


Getty Images
Police look on as anti-Brexit protesters demonstrate outside the Houses of Parliament in Westminster on January 08, 2019 in London, England.

London stock markets gained ahead of the parliamentary debate and vote over Prime Minister Theresa May’s updated Brexit deal coming Tuesday.

Hargreaves Lansdown PLC was the biggest FTSE 100 loser.

How did markets perform?

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.71%  rose by 1.3% to reach 6,837.37, after finishing down almost 1% on Monday.

Meanwhile, the British pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.3019%  rose to $1.3185 from $1.3157 seen in late trading in New York on Friday.

What drove the markets?

In the U.K., the parliamentary debate and vote over the changes British lawmakers want PM May to add to her Brexit deal will start on Tuesday. May told her cabinet Tuesday that she will try to renegotiate the deal her government hashed out with the EU.

Brexit-backing and pro-European politicians in the Conservative party have reportedly agreed a secret Brexit compromise which they believe could both ensure an orderly exit from the EU and reunite warring factions within their own party.

The trade relationship between the U.S. and China was under pressure again on Tuesday, after the Trump administration revealed a series of criminal charges against telecom giant Huawei Technologies Co.

What shares were active?

Financial services provider Hargreaves Lansdown PLC announced its assets had dropped by 6% on Tuesday, Reuters reported , leading to a 6% decline in its share price.

U.K. listed airlines fell on Tuesday, with TUI AG /zigman2/quotes/206714402/delayed DE:TUI1 -0.31%  falling by just under 2% and EasyJet PLC /zigman2/quotes/202825892/delayed UK:EZJ -9.19%  falling by 1%.

Meanwhile, Royal Mail PLC /zigman2/quotes/204213037/delayed UK:RMG -1.62% slid 11%, after investors were unimpressed by the postal service company’s lackluster results.

Tobacco stocks were among the top gainers on the FTSE 100, with British American Tobacco PLC /zigman2/quotes/209116881/delayed UK:BATS -1.19% adding near 5% and Imperial Brands PLC /zigman2/quotes/208789104/delayed UK:IMB -0.54% gaining 2%.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,007.05
-42.87 -0.71%
Volume: 1.54M
Sept. 18, 2020 4:56p
loading...
/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2958
+0.0039 +0.3019%
Volume: 0.0000
Sept. 21, 2020 3:00a
loading...
/zigman2/quotes/206714402/delayed
DE : Germany: Frankfurt
3.23
-0.01 -0.31%
Volume: 17,480
Sept. 21, 2020 8:25a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
€282,968
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
539.60 p
-54.60 -9.19%
Volume: 9.37M
Sept. 18, 2020 4:35p
P/E Ratio
8.88
Dividend Yield
8.14%
Market Cap
£2.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204213037/delayed
UK : U.K.: London
236.70 p
-3.90 -1.62%
Volume: 19.99M
Sept. 18, 2020 4:35p
P/E Ratio
14.71
Dividend Yield
0.00%
Market Cap
£2.36 billion
Rev. per Employee
£63,484
loading...
/zigman2/quotes/209116881/delayed
UK : U.K.: London
2,668.00 p
-32.00 -1.19%
Volume: 6.99M
Sept. 18, 2020 4:35p
P/E Ratio
9.64
Dividend Yield
7.89%
Market Cap
£60.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208789104/delayed
UK : U.K.: London
1,380.00 p
-7.50 -0.54%
Volume: 3.76M
Sept. 18, 2020 4:35p
P/E Ratio
15.29
Dividend Yield
13.46%
Market Cap
£13.06 billion
Rev. per Employee
N/A
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