FTSE 100 Edges Higher As Investors React To Earnings

RTTNews | Před 165 dny

(RTTNews) - UK stocks are slightly higher Thursday morning with investors digesting the latest batch of economic data, and earnings news, besides awaiting the monetary policy announcement from the European Central Bank.

The benchmark FTSE 100 was up 23.14 points or 0.27% at 8,580.95 a little while ago.

Airtel Africa is rising 9% after reporting strong growth in nine-month pre-tax profit. The company posted a profit before tax of $494 million, up 796.6% from $55 million last year.

Net profit attributable was $164 million in the nine-month period, compared to a loss of $61 million in the same period last year. Airtel Africa recorded basic earnings per share of 4.4 cents, compared to a loss of 1.6 cents a year ago.

EasyJet is up 3.6% and Intermediate Capital is gaining 2.5%. Prudential, Taylor Wimpey, RightMove, Kingfisher, Rolls-Royce Holdings, Barratt Redrow, Hikma Pharmaceuticals, United Utilities, Diploma and Marks & Spencer are up 1.5 to 2%.

Schrodders, IMI, Vistry Group, IAG, Auto Trader Group, Croda International, Spirax-Sarco, Mondi and Melrose Industries are also up with strong gains.

BT Group is declining 2.5% are reporting lower revenues for the third quarter. The company reported third-quarter profit before tax of 427 million, up 1% from last year, primarily due to EBITDA growth. Adjusted EBITDA was 2.10 billion pounds, up 4% from last year's 2.03 billion pounds.

The company's revenue in the third quarter was 5.2 billion pounds, down 3% from the prior year. Adjusted revenue 5.18 billion pounds fell 3% from 5.34 billion pounds a year ago.

Whitbread, Admiral Group, Sage Group and GSK are down 1 to 2%.

On the economic front, a report from Bank of England said net consumer credit borrowing by individuals in UK was £1.045 billion in December 2024, slightly up from £0.9 billion in November and above forecasts of £0.95 billion.

A separate data from Bank of England said net mortgage approvals for house purchases in the UK, an indicator of future borrowing, rose to 66.53 thousand in December 2024 from an upwardly revised 66.06 thousand in the previous month, and above expectations of 65.4 thousand.

UK car production fell 27.1% year-on-year in December 2024, totaling 45,022 units, marking the tenth straight month of decline, and reflecting the ongoing shift to EVs and decreased demand in key global markets. In 2024, total car production decreased by 13.9% to 779,584 units, reaching the lowest annual output since 1954, aside from the pandemic period.

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in six straight sessions, gathering almost 230 points or 3.3 percent along the way. The Jakarta Composite Index now sits just beneath the 7,100-point plateau although investors figure to lock in gains on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 10 minutami

Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.

RTTNews | Před 19 minutami

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in three straight trading days, collecting almost 310 points or 1.3 percent along the way. The Hang Seng Index now sits just above the 24,200-point plateau and it's expected to see mild upside again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 25 minutami

China Stock Market May Add To Its Winnings

The China stock market has moved higher in three straight sessions, gathering more than 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,520-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 40 minutami

Tech Shares May Give Taiwan Stocks A Lift

The Taiwan stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 400 points or 1.8 percent. The Taiwan Stock Exchange now sits just above the 22,610-point plateau although it's expected to bounce higher again on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 1 h 10 min

Singapore Bourse Due For Consolidation On Tuesday

The Singapore stock market has moved higher in six straight sessions, improving more than 90 points or 2.3 percent along the way. The Straits Times Index now rests just beneath the 4,110-point plateau although it's expected to see profit taking on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 1 h 40 min

Mild Support Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 2 h 10 min

Japan Stock Market Poised To Snap Losing Streak

The Japanese stock market has moved lower in three straight sessions, sinking more than 360 points or 0.9 percent in that span. The Nikkei 225 now sits just beneath the 39,570-point plateau although it's likely to stop the bleeding on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference. The Nikkei finished modestly lower on Monday as losses from the financial and technology stocks were mitigated by support from the automobile producers. For the day, the index shed110.06 points or 0.28 percent to finish at 39,459.62 after trading between 39,288.90 and 39,608.02. Among the actives, Nissan Motor accelerated 3.61 percent, while Mazda Motor rose 0.39 percent, Toyota Motor advanced 0.94 percent, Honda Motor improved 0.86 percent, Softbank Group stumbled 3.12 percent, Mizuho Financial sank 0.71 percent, Sumitomo Mitsui Financial fell 0.33 percent, Mitsubishi Electric eased 0.03 percent, Sony Group slipped 0.31 percent, Panasonic Holdings dropped 0.83 percent and Hitachi climbed 1.21 percent.

RTTNews | Před 2 h 25 min

EURUSD	1.16702	GBPUSD	1.34321	AUDUSD	0.65446
USDJPY	147.721	USDCAD	1.36999	USDCHF	0.79741

Advertisement

FTSE 100 Edges Higher As Investors React To Earnings