FTSE 100 Slightly Higher Ahead Of US Inflation Reading
(RTTNews) - U.K. stocks were seeing modest gains on Thursday ahead of the release of key U.S. inflation reading later in the day that could influence expectations regarding interest-rate cuts.
The benchmark FTSE 100 was up 15 points, or 0.2 percent, at 7,640 after declining 0.8 percent on Wednesday.
Vesuvius, an engineered ceramics company, fell about 1 percent after reporting lower profit for the full year.
CRH, a provider of building materials solutions, soared 7 percent after pretax profit rose, reflecting good underlying demand in key end-use markets.
Indivior added 1 percent. The pharmaceutical company announced that its subsidiary, Indivior Inc., has received final Court approval for its settlement with the Direct Purchaser class, concluding the anti-trust multi-district litigation or MDL matter.
Likewise, GSK gained 1 percent after it agreed to confidentially settle another lawsuit in California.
British Airways owner IAG rose 1.4 percent after reporting a surge in annual profits.
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Pound Slides Against Majors
FTSE 100 Weak Again, Looks Headed For Weekly Loss
Pound Falls Against Majors
