FTSE Advances; Smith & Nephew Climb Higher On Results

RTTNews | Před 168 dny

(RTTNews) - U.K. stocks are modestly higher Tuesday morning with investors digesting some earnings updates and other corporate news while continuing to follow the developments in Germany where a new government is set to take charge soon. Worries about fresh U.S. tariffs and uncertainty about the Trump administration's economic policies limit market's upside.

The benchmark FTSE 100 was up 34.52 points or 0.4% at 8,693.50 a little while ago.

Smith & Nephew is rising nearly 7% on strong results. The medical equipment manufacturing company reported attributable profit for the year of $412 million, higher than last year's $263 million. Earnings per share rose to 47.0 cents from 30.1 cents a year ago.

Looking ahead, for fiscal 2025, the company expects underlying revenue growth of around 5% and reported revenue growth of around 4.8% respectively. First-quarter underlying revenue growth is expected to be in the range of 1-2%. The company also expects trading profit margin in the range of 19-20% for fiscal 2025.

BAE Systems is gaining about 2.5% on reports Germany's chancellor-in-waiting Friedrich Merz has opened talks with the Social Democrats to quickly approve as much as €200 billion ($210 billion) in special defense spending.

Natwest Group, HSBC Holdings, Standard Chartered and Barclays Group are gaining 1 to 2%, while Lloyds Banking Group is up 0.75%.

Easyjet, Unite Group, AstraZeneca, GSK, Convatec Group, Entain, Rolls Royce Holdings, BT Group, Hiscox, Shell, Severn Trent, Aviva and Melrose Industries are up 0.5 to 1.1%.

Scottish Mortgage, Rio Tinto and Ashtead Group are down 2.3%, 2.1% and 2%, respectively. JD Sports Fashion is declining nearly 2%.

Unilever, Polar Capital Technology Trust, Bunzl, Informa, Pearson, Halma, Antofagasta, Persimmon and Intertek Group are down 1 to 1.7%.

Swiss Market Settles Marginally Higher

The Switzerland market ended marginally up on Tuesday after a choppy ride, with investors mostly making their moves, reacting to recent earnings updates.

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European Stocks Close Broadly Higher On Fed Rate Cut Hopes, Easing Trading Tensions

European stocks closed broadly higher on Tuesday amid easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. Expectations of a rate cut by the Federal Reserve in September contributed as well to the positive show by most of the markets in Europe.

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Canadian Market Modestly Higher

The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.

RTTNews | Před 1 h 26 min

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | Před 4 h 50 min

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.

RTTNews | Před 5 h 2 min

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform

RTTNews | Před 5 h 26 min

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday.

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German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | Před 6 h 21 min

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