FTSE 100 Down 0.75% In Cautious Trade; Sainsbury (J) Rises On Strong Earnings

RTTNews | vor 110 Tagen
FTSE 100 Down 0.75% In Cautious Trade; Sainsbury (J) Rises On Strong Earnings

(RTTNews) - U.K. stocks are down in negative territory on Thursday, turning weak after four successive days of gains, as investors focus on corporate earnings updates and continue to monitor the development on the trade front.

The market is also looking ahead to the European Central Bank's monetary policy announcement. The ECB is widely expected to lower interest rate by 25 basis points.

The benchmark FTSE 100 is down 61.70 points or 0.75% at 8,213.90, nearly half-an-hour before noon.

Unite Group, BAE Systems, Admiral Group, Fresnillo, Rolls-Royce Holdings, Spirax Group, Airtel Africa and Anglo American Plc are down 2 to 3%.

Melrose Industries and Weir Group are down nearly 2%.GSK, Coca-Cola Europacific Partners, BT Group, IMI, AstraZeneca and Smiths Group are also notably lower.

Sainsbury (J) is up 2.5% after reporting profit before tax of 384 million pounds for the 52 weeks to 1 March 2025 compared to 277 million pounds, last year. Statutory EPS increased to 10.2 pence from 5.7 pence. The company's underlying profit before tax was 761 million pounds, up 8.6%. Underlying EPS increased to 22.7 pence from 21.6 pence.

The Sainsbury Board has recommended a final dividend of 9.7 pence per share.

Rentokil Initial is climbing up 4%, while Tesco, Prudential, JD Sports Fashion, Land Securities and Associated British Foods are gaining 1 to 1.6%.

read more
South Korea Shares May Be Stuck In Neutral

South Korea Shares May Be Stuck In Neutral

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 80 points or 2.7 percent along the way. The KOSPI now sits just shy of the 3,200-point plateau although the rally may stall on Wednesday.
RTTNews | vor 17 Minuten
New Zealand Unemployment Data Due On Wednesday

New Zealand Unemployment Data Due On Wednesday

New Zealand will on Wednesday release Q2 figures for unemployment, highlighting a modest day for Asia-Pacific economic activity. The jobless rate is expected to tick up to 5.3 percent from 5.1 percent following a 0.1 percent loss in employment.
RTTNews | vor 1Std 17 Minuten
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.
RTTNews | vor 5Std 49 Minuten
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.
RTTNews | vor 6Std 10 Minuten
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | vor 8Std 47 Minuten
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | vor 9Std 33 Minuten