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FTSE 100 Drops as SSE, Spirax-Sarco Fall; Sage Gains -- Market Talk

Dow Jones Newswires · Nov 17, 2021 04:30

0920 GMT - The FTSE 100 Index drops 0.2%, or 12 points to 7314 as losses for utilities and industrial stocks offset gains for miners and accountancy software firm Sage Group. Steam-systems group Spirax-Sarco Engineering drops 6% despite saying it continues to expect record revenue, profit and operating margin for 2021. Power generator SSE is also down 4% after saying it would sell assets and cut its dividend to help fund investment. Still, Sage rises 2% after increasing its dividend. Miner and commodity trader Glencore also gains 1.2% after saying it would sell its Ernest Henry Mining copper-gold mine in Australia. (philip.waller@wsj.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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