FTSE 100 Climbs As Earnings Pick Up Pace
(RTTNews) - U.K. stocks advanced on Wednesday as investors cheered Fed Chair Jerome Powell's comments on disinflation and assessed the latest financial results from prominent companies.
The benchmark FTSE 100 climbed 0.7 percent to 7,918 after gaining 0.4 percent in the previous session.
Severn Trent edged down slightly despite the water supply firm reaffirming its fiscal 2023 guidance.
Smurfit Kappa tumbled 3.2 percent. The packaging giant reported a rise in profit in 2022, but box volumes were down around 2 percent against a strong prior year.
Housebuilder Barratt Developments added nearly 2 percent after raising its home completion guidance.
Transport operator FirstGroup soared 5.6 percent after it agreed to buy Ensign Bus Company Ltd. for an undisclosed sum. Asset manager Ashmore gained 1 percent despite reporting sharply lower half-yearly profit.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
