FTSE 100 Little Changed As Vodafone Cuts Full-year Forecasts

RTTNews | 940 dagar sedan
FTSE 100 Little Changed As Vodafone Cuts Full-year Forecasts

(RTTNews) - U.K. stocks edged up slightly on Tuesday despite weak employment data and Vodafone's disappointing outlook.

The U.K. unemployment rose slightly in the third quarter ahead of the economy entering a prolonged period of recession, the Office for National Statistics said. The ILO jobless rate rose slightly to 3.6 percent during July to September from 3.5 percent in three months to August. The rate was forecast to remain unchanged at 3.5 percent.

The employment rate for July to September was 75.5 percent, largely unchanged on the previous quarter.

The benchmark FTSE 100 was up 0.1 percent at 7,395 after climbing 0.9 percent on Monday.

Telecom major Vodafone slumped nearly 6 percent after slashing its full-year forecasts and launching a cost-cutting plan.

Plastic components manufacturer Carclo fell more than 2 percent after saying it had promoted David Bedford to Chief Financial Officer with effect from November 14.

Centrica, an energy and services firm, soared 4.3 percent after it launched a £250mn share buyback.

Tobacco company Imperial Brands gained 1.3 percent despite reporting weaker pre-tax profit for fiscal 2022.

read more
DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.
RTTNews | 29 minuter sedan
UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | 59 minuter sedan
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 2h 17minuter sedan
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 2h 30minuter sedan
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 2h 44minuter sedan