Ashtead weighs on FTSE, Ted Baker hits decade low [Reuters (UK)]
ASHTED GRP PLC UNSP/ADR (ASHTY)
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Source: Reuters
Ashtead weighs on FTSE, Ted Baker hits decade low - Reuters 3 Min Read (Reuters) - UK shares dropped on Tuesday after disappointing corporate updates from industrial firm Ashtead and retailer Ted Baker, while investors remained jittery ahead of the UK election and a deadline for fresh U.S. tariffs on Chinese imports. The main index .FTSE slipped 0.8% by 0850 GMT, led by an 8% fall in Ashtead ( AHT.L ) as the company's warning on challenging conditions in the UK overshadowed profit rise. The more domestically-focussed midcap index .FTMC was 0.6% lower. Investors also kept a close eye on UK’s economic growth data scheduled for later in the day as the country heads for a snap election on Thursday. Latest poll indicates a victory for Boris Johnson-led Conservative party. Sterling has recently gained on those hopes, which in turn weighed on exporters on the FTSE 100. Trade headlines have also dictated the index’s course, with the Dec. 15 deadline for a fresh round of U.S. tariffs a reaso
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