FTSE 100 edges lower after record close but Fresnillo and Randgold on the rise

Gold price increases support precious metal miners but banks slip back

Leading shares are struggling for direction after Wednesday’s achievement of a new closing high.

In thin trading, the FTSE 100 is currently down 5.01 points at 7101.07. But continuing strength in the gold and silver price – with the former at a two week high as the dollar edged lower – has pushed precious metal miners to the fore. Mexico’s Fresnillo is up 26p at £11.96 and Randgold Resources has risen 85p to £62.05. Lower down the market Hochshild is 9.8p higher at 207p and Polymetal International has put on 22p to 852p. Ipek Ozkardeskaya, senior market analyst at London Capital Group, said:

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FTSE slips back with Micro Focus and Dixons leading the fallers

Investors pause for breath after this week’s Federal Reserve rate rise

Leading shares are drifting as the week comes to a close, as investors paused for breath after the excitement of the Federal Reserve’s interest rate rise.

Micro Focus is leading the fallers, down 55p to £21.80 on profit taking following its well received figures earlier in the week. UBS analysts cut their rating from buy to neutral and their target price from £24.20 to £23.50.

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FTSE dips ahead of Fed with Dixons Carphone down but Micro Focus up

Mixed reactions to latest updates from retailer and IT group

Leading shares have slipped back after mixed UK unemployment figures and ahead of the expected US interest rate rise from the Federal Reserve later on Wednesday.

A couple of trading updates have had the opposite effect on the share prices of the companies involved. Micro Focus, the IT firm paying $8.8bn for Hewlett Packard Enterprise’s software business, has jumped 4% to £22.16 following a 22.4% rise in half year underlying earnings. It said the deal was due to be completed in third quarter.

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Dixons Carphone enjoys record Black Friday as it shrugs off Brexit effect

Electrical retailer’s shares fall in early trading despite its first-half profit rising by a third

Dixons Carphone had a record trading day on Black Friday as the electrical retailer said it had seen no impact from the Brexit vote and shrugged off concerns that 2017 will be a tough year for UK consumers.

Google Chromecast, televisions and tablets were among the best sellers on the discount shopping day in November that began in the US but has been adopted in the UK in recent years.

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FTSE slides on Brexit and US election fears, with Hikma leading the fallers

Pharmaceutical group drops after cautious note from analysts at HSBC

With investors continuing to be unnerved by the prospect of Donald Trump winning next week’s US presidential election, leading shares are on the slide again.

Pharmaceutical shares are under pressure after US lawmakers called on federal regulators to open a probe on potential price fixing for insulin and diabetes drugs.

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FTSE 100 edges higher with Shire benefitting from a problem at rival Roche

Comparison site Gocompare steady in first day of dealings

Leading shares are moving higher after their recent slide to a six week low, ahead of the latest interest rate decision from the Bank of England.

Shire is heading the risers, a couple of day’s after its results, following news of a disappointing result for a rival. A clinical trial of Roche’s experimental haemophilia medicine, a potential competitor to Shire and Novo Nordisk, showed some patients suffering adverse effects. On the basis that bad news is good news for someone, Shire shares are up 179.5p at £46.11. Liberum analysts said:

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FTSE 100 edges higher with Shire benefitting from a problem at rival Roche

Comparison site Gocompare steady in first day of dealings

Leading shares are moving higher after their recent slide to a six week low, ahead of the latest interest rate decision from the Bank of England.

Shire is heading the risers, a couple of day’s after its results, following news of a disappointing result for a rival. A clinical trial of Roche’s experimental haemophilia medicine, a potential competitor to Shire and Novo Nordisk, showed some patients suffering adverse effects. On the basis that bad news is good news for someone, Shire shares are up 179.5p at £46.11. Liberum analysts said:

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FTSE 100 heads towards new record with housebuilders lifted by McCarthy & Stone

Mixed picture for leading shares as sterling continues to slideLeading shares are heading for a new all time high as the slump in the pound continues to benefit the exporters and dollar earners which dominate the top index.The FTSE 100 is currently up …

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Dixons Carphone says no detectable impact of Brexit vote

ectrical retailer’s revenue rose 9% in last quarter compared with same period last year, echoing upbeat industry surveys

Dixons Carphone has reported no evidence of a knock to consumer confidence after the British vote to leave the EU, echoing industry surveys pointing to a robust mood among shoppers.

The electrical retailer, formed from a merger of Dixons and Carphone Warehouse in 2014, said revenue in the three months to the end of July was up 9% compared with the same period last year.

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FTSE falls on oil price weakness but CRH climbs following update

Building materials group heads risers after strong performance in US

Leading shares are losing ground following recent falls in the oil price, but building materials group CRH is bucking the trend.

Its shares have climbed 2.5% to £25.33, the biggest riser in the FTSE 100, after it reported better than expected half year earnings of €1.12bn, double the figure this time last year and better than the company’s forecast of €1.1bn made last month.

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