FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

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(RTTNews) - U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.

The benchmark FTSE 100 was up 85.87 points or 0.91% at 9,147.36 about a quarter before noon.

Howden Joinery is soaring 11.6%, buoyed by strong first-half earnings. The company said that its pre-tax profit rose 4.4% to 117 million pounds for the six months ended June 2025.

Reckitt Benckiser is climbing up nearly 11%. The consumer healthcare and hygiene power-house upgraded its full-year guidance after a strong performance in the first-half.

BT Group is gaining about 8% after naming Patricia Cobian, currently with rival Virgin Media O2, as its first female chief financial officer.

Airtel Africa is up nearly 7%. Vodafone Group is gaining 4.7% after the telecommunications company launched a €500 million share repurchase program that will run through November 10, 2025.

Babcock International, Diploma, Standard Chartered, Kingfisher, Ashtead Group, AstraZeneca and Barclays are gaining 2 to 2.5%.

Lloyds Banking is modestly higher after reporting a 5% rise in first-half profit.

SSE is down 2.1%. Fresnillo, Endeavour Mining, 3i Group, Intercontinental Hotels and Melrose Industries are down 1.25 to 2%.

On the economic front, according flash estimates, the UK S&P Global Composite PMI fell to 51 in July from 52 in the previous month. The expansion was supported by the services sector (51.2 vs 48.2 in June), offsetting a softer decline for the manufacturing sector (48.2 vs 47.7).

A report from the Confederation of British Industry showed business confidence in the United Kingdom increased to -27 points in the third quarter of 2025 from -33 points in the second quarter of 2025.

Another report from the same bureau said that the UK's total order book balance rose slightly to -30 in July 2025, up from -33 in June,

TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes

The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | 1घंटे 7 मिनट पहले

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 | 1घंटे 40 मिनट पहले

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 | 2घंटे 0 मिनट पहले

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 | 4घंटे 38 मिनट पहले

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 | 5घंटे 24 मिनट पहले

U.S. Trade Deficit Narrows Slightly More Than Expected In June

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.

RTTNews | 6घंटे 28 मिनट पहले

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 6घंटे 31 मिनट पहले

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 6घंटे 42 मिनट पहले

EURUSD	1.15676	GBPUSD	1.32905	AUDUSD	0.64667
USDJPY	147.666	USDCAD	1.37866	USDCHF	0.8078

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FTSE 100 Up Nearly 1% On Encouraging Earnings Updates