FTSE 100 Little Changed In Cautious Trade

RTTNews | 1051 days ago
Stocktwits
FTSE 100 Little Changed In Cautious Trade

(RTTNews) - U.K. stocks traded flat on Wednesday after a survey showed that U.K. service sector activity growth eased to its slowest in the past seventeen months during July.

The benchmark FTSE 100 was marginally higher at 7,412 after ending little changed the previous day.

Hill & Smith Holdings lost 2 percent. The supplier of infrastructure products kept full-year expectations unchanged after reporting higher revenue and pretax profit for the first half.

Rolls Royce rallied 3 percent. The industrial technology company announced that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity.

Housebuilder Taylor Wimpey jumped 4 percent after raising its profit guidance to the top end of expectations.

Avast shares surged 43 percent as the competition regulator provisionally cleared the anticipated acquisition of the company by NortonLifeLock following an in-depth merger investigation.

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Norway Central Bank Unexpectedly Trims Rate By 25 Bps

Norway Central Bank Unexpectedly Trims Rate By 25 Bps

Norges Bank cut its interest rate unexpectedly for the first time in five years as inflation eased somewhat faster than expected and signalled further reduction in policy rate if the economy evolves as estimated. The Monetary Policy and Financial Stability Committee of Norges Bank unanimously decided to cut the policy rate to 4.25 percent from 4.50 percent.
RTTNews | 15 minutes ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen retreated from early highs against its major currencies in the European session on Thursday.
RTTNews | 46 minutes ago
Commodity Currencies Slide Amid Escalating Israel-Iran Conflict

Commodity Currencies Slide Amid Escalating Israel-Iran Conflict

The commodity currencies such as the Australia, New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, amid escalating trend in the ongoing conflict between Israel and Iran as they continued to attack each other for the seventh consecutive day, with speculation of the U.S. joining Israel in striking Iranian nuclear sites.
RTTNews | 1h 9min ago
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