FTSE LIVE: Hargreaves Lansdown hit by global market jitters; OnTheMarket says Brexit limbo taking its toll; City awaits UK GDP reading
- Hargreaves Lansdown new business hit by uncertainty over global economy
- Property site OnTheMarket has seen half-year pre-tax losses widen
- UK GDP reading for August due at 9.30am on Thursday
Fund supermarket Hargreaves Lansdown has hailed a ‘solid start’ to the financial year but warned that new business in the past three months was impacted by uncertainty over Brexit and the global economy.
Meanwhile, property site OnTheMarket has seen half-year losses widen and said the property sector woes amid the ongoing Brexit deadlock were ‘undoubtedly’ taking their toll.
Likewise, retailer Dunelm flagged ‘recent softness’ in the homewares market and ‘increased political uncertainty’ as it lifted the lid on strong sales for the past three months.
At 9.30am today, the UK’s GDP reading for August is due. The City is expecting growth to have flat lined, but any shrinkage could signal a recession.
At the open: The FTSE 100 is in the green after the bell, up 0.13% at 7,175