Asian stocks rise on Thursday    URGENT: Egypt's GDP growth hits 5.3% in Q1    Oil prices dip on Thursday    China's WINPEX to establish $15m lighting equipment plant in Ain Sokhna    Egypt, Algeria sign wide-ranging cooperation agreements    Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations    Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank    Egypt expands rollout of Universal Health Insurance    Egypt's Al-Sisi links national progress to strict law enforcement, says society has role in reforming legal application    Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report    China invites Egypt to join African duty-free export scheme    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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London Stocks Lower ahead of Central Bank Minutes
Published in Amwal Al Ghad on 19 - 11 - 2014

U.K. stocks fell Wednesday, with investors waiting for insight into monetary policy from the Bank of England's meeting earlier this month.
The FTSE 100 index UKX, -0.25% fell 0.2% to 6,696.99 as metals, energy and industrial issues were under pressure. Miner Anglo American PLC AAL, -2.13% fell 1.9%. Shares of Intertek Group PLC ITRK, -7.50% fell 7.5%, leading losses on the benchmark, after the product-testing and certification company said organic revenue fell 0.7% in the 10 months through Oct. 31.
At 9:30 a.m. London time, the central bank is due to release minutes from its November meeting, and investors will look what policy makers said about wage growth and inflation. On Tuesday, government data showed inflation in the U.K. rose by 1.3% in October, compared with 1.2% in September. While that beat expectations of a rate of 1.2%, the October level remains below the central bank's target of 2%.
Royal Mail PLC RMG, -4.94% shares turned lower, trading down 0.8%. The delivery-services company said half-year interim revenue rose to 4.53 billion pounds ($7.08 billion) from £4.52 billion in the previous period. Net profit, however, fell as results in the previous period benefited from exceptional income related to pension provision.
Source: MarketWatch


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