FTSE 100 Climbs As Earnings Pick Up Pace
(RTTNews) - U.K. stocks advanced on Wednesday as investors cheered Fed Chair Jerome Powell's comments on disinflation and assessed the latest financial results from prominent companies.
The benchmark FTSE 100 climbed 0.7 percent to 7,918 after gaining 0.4 percent in the previous session.
Severn Trent edged down slightly despite the water supply firm reaffirming its fiscal 2023 guidance.
Smurfit Kappa tumbled 3.2 percent. The packaging giant reported a rise in profit in 2022, but box volumes were down around 2 percent against a strong prior year.
Housebuilder Barratt Developments added nearly 2 percent after raising its home completion guidance.
Transport operator FirstGroup soared 5.6 percent after it agreed to buy Ensign Bus Company Ltd. for an undisclosed sum. Asset manager Ashmore gained 1 percent despite reporting sharply lower half-yearly profit.
EU Upgrades Eurozone 2025 Growth Outlook Despite Challenges
Bay Street Likely To See Mixed Start
FTSE 100 Drifts Lower In Cautious Trade; WPP Rises Sharply
CAC 40 Modestly Lower
Walmart's Black Friday Deals To Be Available On Nov. 25 To Nov. 30
Dollar Slips As Longest-ever Federal Shutdown Ends
Indian Shares End Higher Despite Weak Global Cues
