(Adds news items)
* BERKELEY: Berkeley Group BKGH.L posted a 16.6% fall in first-half profit as home sales were dented by the COVID-19 pandemic and said the coming months would be crucial to gauge the impact of new lockdowns and Brexit.
* ASSOCIATED BRITISH FOODS: Associated British Foods ABF.L said the estimated hit to sales at its Primark fashion chain from COVID-19 related store closures this autumn is about 430 million pounds ($579 million), up from a previous forecast of 375 million pounds. MCBRIDE: Cleaning products maker McBride Plc MCB.L raised its full-year earnings outlook, helped by a surge in demand for hygiene and cleaning products during the COVID-19 pandemic. PETS AT HOME: Pets At Home PETSP.L became the latest British retailer to hand back the tax relief it received from the government during the coronavirus crisis, as the pet supplies company said it would repay the entire 28.9 million pounds. GOLD: Gold prices firmed, set for their first weekly gain in four, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted the metal's appeal as an inflation hedge. OIL: Oil prices rose heading for a fifth week of gains, after major producers agreed to continue to restrain production to cope with coronavirus-hit demand but the compromise fell short of expectations. The UK blue-chip index .FTSE closed 0.4% higher on Thursday as investors hoped for a trade deal with the European Union before a year-end deadline, while miners rose as iron ore prices hit a record high. For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.