The UK stock markets fell for the first time in three days today to 6,278.28, falling 0.27%, after Bank of England (BoE) announced that it has kept interest rates unchanged at its latest meeting. The BoE maintained the Bank Rate at the record-low level of 0.5% and kept the asset purchase programme unchanged at £375bn, in line with market expectations. The Monetary Policy Committee led by Governor Mervyn King said the target for its bond purchases will remain at £375 billion ($589 billion).
Burberry Group lost the most in three-and-a-half months, sliding 4.6% to 1,364 pence, after replacing its chief financial officer. Vodafone Group, which accounts for 5.4% of the UK stock market, advanced the most in two weeks, rising 2.11% to 173.95 pence, after confirming its previous forecast for full-year profit. TUI Travel surged 1 % after announcing that it expects fiscal-year profit growth at the upper end of its outlook.
Compass Group Plc climbed 1.5% to 777 pence after the world’s largest catering group said revenue rose almost 6% in the fiscal first quarter, beating the average analyst estimate of 5%. Medical technology group Smith & Nephew was flat despite beating forecasts in the fourth quarter; however it said that margins are expected to fall in 2013.
The top ten gainers in the UK stock market today are Vodafone Group (lon:VOD) 173.95p +2.11% , Compass Group (lon:CPG) 775.00p +1.24%, Amec (lon:AMEC) 1,097.00p +1.11%, TUI Travel (lon:TT.) 306.50p +0.96%, CRH (lon:CRH) 1,327.00p +0.91%, RSA Insurance Group (lon:RSA) 131.00p +0.85%, Severn Trent (lon:SVT) 1,649.00p +0.79%, SABMiller (lon:SAB) 3,184.50p +0.76%, Aviva (lon:AV.) 355.70p +0.76% , and British Sky Broadcasting Group (lon:BSY) 822.00p +0.74%.
The top ten losers in the UK stock market today are Burberry Group (lon:BRBY) 1,365.00p -4.55%, Vedanta Resources (lon:VED) 1,269.00p -2.23% , Eurasian Natural Resources Corp. (lon:ENRC) 367.70p -2.10%, Randgold Resources Ltd. (lon:RRS) 6,075.00p -1.78%, Hargreaves Lansdown (lon:HL.) 803.00p -1.71%, Aberdeen Asset Management (lon:ADN) 405.10p -1.70%, Royal Bank of Scotland Group (lon:RBS) 337.10p -1.46%, Fresnillo (lon:FRES) 1,663.00p -1.25%, Lloyds Banking Group (lon:LLOY) 51.50p -1.19%, and IMI (lon:IMI) 1,185.00p -1.17%.