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FRES - Fresnillo News Story

717.4p 0.8  0.1%

Last Trade - 20/09/19

Basic Materials
Large Cap
Market Cap £5.29bn
Enterprise Value £5.72bn
Revenue £1.60bn
Position in Universe 164th / 1827

UPDATE 1-UK shares slip as multiple jitters drive risk aversion

Tue 13th August, 2019 9:01am
* FTSE 100 down 0.3%, FTSE 250 down 0.5%
    * TUI gains after quarterly report
    * Plus500 surges after results
    * Aston Martin slips on rating downgrade, report of short

 (Adds news items, analyst comment, updates share prices)
    By Shashwat Awasthi
    Aug 13 (Reuters) - UK shares fell on Tuesday, as worries
over protests in Hong Kong, the U.S.-China trade spat and the
health of the British economy continued to fuel a risk-off
sentiment, even though travel firm TUI rose after quarterly
    The main index  .FTSE  shed 0.3% as it fell for the third
straight session. The more domestically-focused mid-cap FTSE 250
 .FTMC  gave up 0.5% by 0752 GMT, despite a near 15% surge in
trading platform Plus500  PLUSP.L  after half-year results.
    London-listed shares of tour operator TUI  TUIGn.DE 
 TUIT.L  advanced 3.5% after it said robust business outweighed
problems with the grounding of Boeing's  BA.N  737 MAX jets in
the third quarter and upheld its annual earnings view.*:nS8N251011
    Protests in Hong Kong, now in their tenth straight week,
have hurt shares of blue-chip constituents with dealings in
Asia, such as HSBC  HSBA.L  and Standard Chartered  STAN.L .
    This, as well as pressure from simmering U.S.-China trade
tensions and worries over the health of the global economy has
nullified any benefit the exporter-heavy FTSE 100 may enjoy from
a weaker pound. The index is on track for its biggest monthly
fall since October 2018.
    UK-focused banks and other domestically-prevalent stocks,
meanwhile, have been hit by Brexit jitters, with Prime Minister
Boris Johnson seemingly steadfast on his promise to deliver
Brexit with or without a deal on Oct. 31.
    Investors fled equities and piled into safe haven assets
such as gold, leading the metal's prices to the highest in more
than six years. Precious metals miner Fresnillo  FRES.L  added
2.6% and was on track for its best month since January 2017.
    "The rise in gold prices to record highs ... as well as the
sharp collapse in bond yields is raising concerns that stock
markets may well be about to take a sharp trip back to the lows
last seen at the end of last year," CMC Markets analyst Michael
Hewson said.
    Plus500 was tracking its best day in more than
one-and-a-half years after its new share buyback plan helped
offset a more than 50% slump in first-half earnings.*:nL4N2591E3
    Luxury carmaker Aston Martin  AML.L  skidded 5.7% after
Credit Suisse downgraded its rating and slashed its price target
by more than two-thirds. A Financial Times report also said
hedge funds had taken short positions in the company. (*:nL4N259104

 (Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak
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((For related prices, Reuters users may click on - * 
 UK stock report      .L     
 FTSE index:          0#.FTS6  
 techMARK 100 index:  .FTT1X          FTSE futures:      0#FFI:  
 Gilt futures:        0#FLG:          Smallcap index:     .FTSC  
 FTSE 250 index:      .FTMC           FTSE 350 index:     .FTLC  
 Market digest:       .AD.L           Top 10 by vol:      .AV.L  
 Top price gainers:   .NG.L           Top % gainers:      .PG.L  
 Top price losers:    .NL.L           Top % losers:       .PL.L  
 * For related news, click on - *
 UK hot stocks:      [HOT and GB]     Wall Street:           .N 
 Gilts report:        GB/             Euro bond report  GVD/EUR 
 Pan European stock report:  .EU 
 Tokyo stocks:        .T              HK stocks:            .HK 
 Sterling report:     GBP/            Dollar report:       USD/ 
 * For company prices, click on - *
 Company directory:   UKEQ           By sector:           FTAX  
 * For pan-European market data, click on - *
 European Equities speed guide................  EUR/EQUITY  
 FTSE Eurotop 300 index...........................  .FTEU3  
 DJ STOXX index...................................  .STOXX  
 Top 10 STOXX sectors........................  .PGL.STOXXS  
 Top 10 EUROSTOXX sectors...................  .PGL.STOXXES  
 Top 10 Eurotop 300 sectors..................  .PGL.FTEU3S  
 Top 25 European pct gainers....................  .PG.PEUR  
 Top 25 European pct losers.....................  .PL.PEUR ))
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