UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher

RTTNews | 83天前

(RTTNews) - U.K. stocks are modestly higher Monday morning, led by gains in defense shares amid expectations of increased government spending for the sector.

Weakness in the energy space limit market's upside.

The benchmark FTSE 100 was up 25.00 points or 0.3% at 8,684.37 a little while ago.

Centrica is gaining nearly 5% and BAE Systems is up 3%. GSK is gaining nearly 2% after initiating a £2bn share buyback program.

Vodafone Group, Land Securities, SSE, Imperial Brands, United Utilites and British American Tobacco are up 1.5 to 2%.

National Grid is up 1.5% after the company announced that it has agreed to sell its National Grid Renewables U.S. onshore renewables business to Brookfield Asset Management.

Melrose Industries, Auto Trader Group, Smith & Nephew, Haleon, Persimmon, Vistry Group, Barratt Redrow, Taylor Wimpey, Beazley and AstraZeneca are up 1 to 1.4%.

B&M European Value Retail is plunging nearly 9% after the company lowered its earnings guidance for fiscal year 2025. The company now expects group adjusted EBITDA, pre-IFRS 16, to be in the range of 605 million pounds to 625 million pounds compared to the prior estimation of 620 million pounds to 650 million pound.

The company has also announced that Alex Russo will retire as Group Chief Executive and a Director of the Company with effect from 30 April 2025, and added that its is in the advanced stages of a recruitment process to appoint a new Chief Executive Officer with the support of a leading executive search firm.

Antofagasta is down 2.7% and Flutter Entertainment is down 2.3%. Anglo American Plc, Entain, InterContinental, Pershing Square Holdings, Standard Chartered, Fresnillo, Intermediate Capital, Scottish Mortgage, Natwest Group and Rio Tinto are declining 1 to 2%.

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.

RTTNews | 52分鐘前

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.

RTTNews | 1小時9分鐘前

Sensex, Nifty Seen Lower On US Debt Concerns

Indian shares look set to open lower on Monday as investors fret about the changing geo-political landscape in India's neighborhood as a new bonhomie between Bangladesh, China and Pakistan takes shape silently.

RTTNews | 1小時40分鐘前

Thai Bourse May Reclaim 1,200-Point Plateau

The Thai stock market has alternated between positive and negative finishes through the last eight trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,195-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 2小時21分鐘前

Japanese Market Notably Lower

The Japanese stock market is trading notably lower on Monday, extending the losses in the previous three sessions, despite the broadly positive cues from Wall Street on Friday, with the Nikkei 225 falling below the 37,600 level, with a mixed performance across most sectors.

RTTNews | 2小時45分鐘前

Win Streak May Continue For Indonesia Stock Market

The Indonesia stock market has finished higher in four straight sessions, improving more than 275 points or 4 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it's expected to extend its gains again on Monday.

RTTNews | 2小時51分鐘前

Hong Kong Bourse May Find Traction On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping almost 300 points or 1.3 percent along the way. The Hang Seng Index now sits just beneath the 23,350-point plateau although it's due for support on Monday.

RTTNews | 3小時6分鐘前

Australian Market Notably Lower

The Australian stock market is notably lower on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, technology and financial stocks partially offset by gains in gold miners.

RTTNews | 3小時15分鐘前

EURUSD	1.11818	GBPUSD	1.32976	AUDUSD	0.64084
USDJPY	145.284	USDCAD	1.39687	USDCHF	0.83582

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UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher