FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

RTTNews | vor 82 Tagen
FTSE 100 Rises 0.4%; 3i Group Climbs Nearly 5%

(RTTNews) - U.K. stocks are modestly higher in early afternoon trades on Thursday amid easing tensions about the conflict between Israel and Iran.

Positive reaction to NATO's decision to increase its defense spending target from 2% to 5% of GDP over the next ten years is contributing as well to market's positive move.

The benchmark FTSE 100 was up 34.00 points or 0.39% at 8,752.75 about an hour past noon.

Anglo American Plc shares are gaining more than 8%. 3i Group is up nearly 5%. The investment manager said that its majority-owned business, Action, continued to perform "strongly", with like-for-like sales growth of 6.9% in the year to date.

Glencore and Antofagasta are up 4.5% and 4.4%, respectively. St. James's Place, JD Sports Fashion, Fresnillo, DCC, Entain, Rio Tinto, BAE Systems, Mondi and Spirax Group are advancing 2 to 3.5%.

British American Tobacco, Experian, Hikma Pharmaceuticals, Melrose Industries, Admiral Group, Persimmon, Unilever, Centrica, Reckitt Benckiser and Haleon are up with sharp to moderate losses.

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Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

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RTTNews | vor 58 Minuten
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

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RTTNews | vor 2Std 59 Minuten
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U.S. Import Prices Unexpectedly Increase In August

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RTTNews | vor 3Std 15 Minuten
Canadian Market Drifts Lower In Cautious Trade

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.
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U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
RTTNews | vor 4Std 42 Minuten