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FTSE 100 Down Marginally
(RTTNews) - UK stocks are marginally down in lackluster trade on Wednesday as investors look for directional clues after recent gains following U.S. President Donald Trump deciding to pause the recently announced 50% tariffs on imports from EU, paving the way for further trade negotiations.
The benchmark FTSE 100 was down 12.00 points or 0.14% at 8,767.05 a little while ago.
Hikma Pharmaceuticals is gaining 2%. Pershing Square Holdings, Intermediate Capital Group, Endeavour Mining, Unite Group, Segro, Howden Joinery Group, Polar Capital Technology Trust, Rolls-Royce Holdings, Babcock International Group and Fresnillo are up 1 to 1.7%.
Rentokil Initial is up 0.7% as it agreed to sell its French workwear division to H.I.G. Capital for gross proceeds of €410 million.
Kingfisher is down more than 3% despite reporting higher Q1 sales and reaffirming guidance. The home improvement retailer reported that its first-quarter sales grew 1.6% from last year to 3.31 billion pounds. At constant currency rates, sales grew 2.2% and the increase was 1.8% on a like-for-like or LFL basis. Underlying total sales growth was 3.1%.
Sainsbury (J) is down 2.5%, while 3i Group, Coca-Cola HBC, JD Sports Fashion, Diageo, Smith & Nephew, Aviva and National Grid are declining 0.8 to 1.7%.
FTSE 100 Rises 0.7%
CAC 40 Modestly Higher In Cautious Trade
DAX Up 0.8% On Selective Buying As Markets Await Clarity On Tariffs
Sensex, Nifty End Modestly Lower Due To Tariff Uncertainty
Yen Rises On Strong Tokyo Core Inflation Data
European Shares Rise On ECB Rate Cut Hopes
Asian Shares Decline Amid Tariff Uncertainty
