Investors await BoE news on ‘Super Thursday’

The blue chip index lost its initial rally after the High Court said Parliament must vote on whether the UK can start the process of leaving the EU. The index dropped 0.2% to 6,829.

The Bank of England’s (BoE) rate decision and its latest inflation report is expected today.

The Federal Reserve decided not to increase its key interest rate but indicated that a hike could be happen at its next meeting in December.

West Texas Intermediate (WTI) and Brent crude oil gained 1% to $45.77 and $47.36 per barrel, respectively.

Gold declined 1.2% to $1,290 per ounce and copper was flat at $4,916 per tonne.

In the UK, the growth of the service sector accelerated in October with activity and new business rates at its strongest since January. The PMI survey rose from 42.6 in September to 54.5 in October.

FTSE 100 RISERS AND FALLERS

Supermarket Morrisons (MRW) made fresh gains on its fourth consecutive quarter of growth, which was helped by its biggest ever Halloween.

Randgold Resources (RRS) disappointed investors as its latest results failed to meet expectations, although the company did show some signs of recovery after a difficult second quarter.

FTSE 250 RISERS AND FALLERS

Satellites operator Inmarsat (ISAT) was among the biggest risers as the stock jumped 9.8% to 802p on impressive third quarter results. The group reported an increase in revenue following strong performances in the government and aviation divisions, but a drop in pre-tax profit.

Shares in insurer Esure (ESUR) plummeted 26.7% at 195p, as the market priced in the demerger of its Gocompare.com (GOCO) business, which was spun-out into a separate quoted company.

Sugar maker Tate & Lyle (TATE) sweetened 4.7% as adjusted full-year pre-tax profit is expected to be higher than anticipated due to a strong first-half performance.

Retail bank Shawbrook (SHAW) reported organic origination increased by 23% to £1.5bn in the third quarter year to date, up from £1.2bn.

Kitchen supplier Howden Joinery (HWDN) slumped 4.9% despite its total revenue rising by 4.1% in the second half to 29 October in tougher conditions and softer trading.

SMALL CAP RISERS AND FALLERS

Shares in digital distribution services provider Zoo Digital (ZOO) soared 20% on strong interim results, which revealed pre-tax profit more than doubled from $0.3m to $0.7m.

Sirius Minerals (SXX) raised £370m through a firm placing in connection with its stage one financing requirements to begin construction of its North Yorkshire polyhalite project.

Gold miner Xtract Resources (XTR) hit the skids after securing expensive-looking new funding arrangements, including a new shares subscription and an equity swap deal.

Energy firm Plutus Powergen (PPG) was in demand after securing its first UK power generation site in the UK. The deal sparked a 6.7% rally in the share price to 1.6p.

Story provided by StockMarketWire.com