FTSE 100 Up Marginally As Investors Look For Direction
(RTTNews) - The U.K. market is up in positive territory a little before noon on Monday with select counters attracting some strong buying interest. Uncertainty on the tariff front is rendering the mood a bit cautious and limiting the market's upside.
The benchmark FTSE 100 is up 16.43 points or 0.18% at 9,112.16 a few minutes before noon.
Marks & Spencer is gaining 2.5%. WPP, Hikma Pharmaceuticals, Pershing Square Holdings, Fresnillo, IMI, AstraZeneca, Airtel Africa, Diageo, British American Tobacco, Tesco and Glencore are up 1.1 to 1.7%.
Drug maker GSK is notably higher after the U.S. FDA has accepted its application for priority review of gepotidacin, an oral antibiotic to treat sexually transmitted uncomplicated gonorrhoea.
Rolls-Royce is down nearly 1%. The company sold its UK pension pot in a £4.3 billion buyout with Pension Insurance Corporation, the largest UK risk-transfer deal this year, covering 36,000 people and removing liabilities from its balance sheet. CFO Helen McCabe called it a "win-win" and part of efforts to simplify the business.
SSE is down more than 2.5%. BAE Systems is declining by 1.7%, while Croda International, Endeavour Mining, Babcock International and Melrose Industries are down 1.2% to 1.4%.
Swiss Franc Rises Against Majors
CAC 40 Rises 0.8% As Ukraine Peace Deal Hopes Lift Sentiment
Home Depot Q2 Profit Down, Misses Street, But Comps Rise; Backs FY25 Outlook
Sensex, Nifty Extend Gains On Economic Optimism
DAX Up 0.3% On Ukraine Peace Deal Hopes
European Shares Inch Higher On Hopes Of Russia-Ukraine Peace Deal
Asian Shares Retreat As Investors Watch Ukraine Talks
