FTSE 100 Dips Ahead Of 'tough' Budget

RTTNews | 969 days ago
Stocktwits
FTSE 100 Dips Ahead Of 'tough' Budget

(RTTNews) - U.K. stocks fell on Thursday, as investors awaited the nation's budget later in the day that promises to be all pain and hardly any gain.

Britain's finance minister Jeremy Hunt and Prime Minister Rishi Sunak have to unveil a budget that will aim to restore confidence in Britain's economy after the former government's failed "mini budget" less than two months ago.

The benchmark FTSE 100 was down 37 points, or half a percent, at 7,314 after closing 0.3 percent lower on Wednesday.

Spirax-Sarco Engineering shares slumped 4.6 percent after the thermal energy and niche pumping specialist backed its full-year guidance for adjusted operating profit, excluding contributions from the recent acquisitions.

Residential housebuilder Crest Nicholson Holdings declined 1.5 percent. The company said it expects fiscal 2022 adjusted profit before tax to be within previously guided range of 135 million pounds to 140 million pounds.

Grainger rose over 1 percent after it posted 12 percent growth in fiscal year adjusted earnings.

Investec slumped more than 3 percent. The banking and wealth-management group has unveiled a £350m share buyback program following a jump in half-year revenues and profits.

Stocktwits
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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,600.00 level, with weakness in technology and financial stocks partially offset by gains in gold miners and energy stocks.
RTTNews | 32 minutes ago
Asian Markets Trade Mostly Higher

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RTTNews | 45 minutes ago
Thai Stock Market May Hand Back Friday's Gains

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The Thai stock market on Friday snapped the two-day slide in which it had stumbled more than a dozen points or 1 percent. The Stock Exchange of Thailand now sits just above the 1,120-point plateau although it may head south again on Monday.
RTTNews | 1h 50min ago
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Indonesia Stock Market Due For Consolidation

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RTTNews | 2h 20min ago
Hong Kong Shares May Open Under Pressure

Hong Kong Shares May Open Under Pressure

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RTTNews | 2h 35min ago
Rally May Stall For China Stock Market

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RTTNews | 2h 50min ago
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