London stocks extend losses on global economic gloom, WH Smith slides

Sept 6 - Britain's FTSE 100 edged lower on Wednesday as recent economic data from U.S. and Europe continued to dampen global sentiment, while WH Smith led midcaps lower as the retailer fell short of a recently raised profit forecast.

British construction firms suffered a sharp drop in orders in August, adding to concerns about a slowing economy amid rising interest rates, data showed.WH Smith tumbled 6.3% after the retailer fell short of a recently raised profit forecast, even as annual revenue jumped 28%.Cyber-security company Darktrace said changes to its sales commission would squeeze its earnings margin in the current year, sending shares down 2.5%.

Bridgepoint shares rose 8.2% after the alternative asset fund manager said it would buy Energy Capital Partners for an initial 835 million pounds , including debt.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks finish lower after two weeks of gains: Stock market news todayStocks slipped on Tuesday, as traders weighed data showing China's economy is still struggling to recover.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks edge lower amid China data gloom: Stock market news todayStocks slipped on Tuesday, as traders weighed data showing China's economy is still struggling to recover.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks slide as worries about inflation revive: Stock market news todayStocks fell on Wednesday, as rising oil prices fueled concerns about inflation and faltering global demand.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US futures slip as worries about inflation revive: Stock market news todayStocks looked set for another losing day on Wall Street on Wednesday, amid concerns about inflation and faltering growth.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »