Just Eat Leading FTSE Risers

Fri, 23rd Nov 2018

Online delivery company Just Eat was one of the top performers in the FTSE 100 today. Its share price increased by almost four percent, putting it at the top of the performance list, ahead of online gambling company GVC holdings.

Other strong performers included the housebuilder Berkeley Homes, as well as Burberry, and Royal Bank of Scotland. Meanwhile, mining companies Fresnillo and Evraz were among the poorest performers of the day alongside packaging firm Smurfit Kappa, and gas and electricity supplier Centrica.

Overall, the FTSE 100 fell by almost one percent, down from 7,030 points at the opening of the markets, to 6,974 by the close of trading. The strength of the pound throughout the trading day could be a part of the reason for the fall in the value of the UK’s leading index.

The pound saw some volatility, hitting highs of $1.293 before falling back down to $1.286 against the dollar on the news that the UK and the EU have agreed a draft text that outlines the future relationship between the European Union and Britain. Prime Minister Theresa May said that a Brexit deal is within the grasp of the government, and that she is determined to ensure that Britain gets a good deal. She addressed the population from Downing Street offering reassurances, and added that the text of the declaration has been agreed, and that it is up to the 27 leaders of the EU’s member states to examine the document.

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