The technical problems at the London Stock Exchange (LSE) have been resolved. The operator of the London stock exchange reports that trading for the FTSE 100 index has resumed.
The most important British stock market gauge now scores 0.7 percent in the plus. Technical problems meant that no course could be reported for more than an hour and a half.
Other European Stocks news
The European stock markets went up on a broad front on Friday. Investors resigned to the slight recovery on Wall Street and pushed aside concerns about a recession and falling bond yields. At the Damrak, chemical distributor IMCD was punished after a disappointing trade report.
The AEX index on Beursplein 5 recorded 0.9 percent in the plus at 539.37 points around noon. The MidKap climbed 0.8 percent to 782.49 points. The stock exchanges in Paris and Frankfurt rose to 0.9 percent. The stock market in London won 0.4 percent, after a delayed opening due to technical problems.
IMCD was by far the largest drop in the main funds with a price loss of more than 11 percent. The Rotterdam chemical distributor managed to increase its turnover and profit in the first half of the year. The company did suffer in the second quarter from unfavorable economic conditions in a number of regions. The current market conditions are also uncertain according to CEO Piet van der Slikke.
Galapagos was among the leaders in the AEX with a gain of 2.8 percent. The biotechnology company was informed that its dossier on the filgotinib drug has been received and is being evaluated by the European Medicines Agency (EMA). It is about the application of the agent for rheumatoid arthritis. Galapagos speaks of an important milestone.
In the MidKap soil researcher Fugro was at the top with a plus of more than 3 percent. Hekkensluiter was TKH Group with a minus of 2.8 percent. The technology group has completed the sale of the majority of its industrial connectivity activities to investor Torqx Capital Partners. ING also reduced the advice for the share.
Bayer climbed more than 2 percent in Frankfurt. Bank of America analysts Merrill Lynch raised their recommendation for the German chemical group to buy.
The euro was worth $ 1.1083 compared to $ 1.1098 a day earlier. Oil prices rebounded after the recent heavy exchange rate fall. A barrel of American oil became 2 percent more expensive at $ 55.58. Brent oil rose 1.9 percent in price to $ 59.36 a barrel.