FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

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(RTTNews) - U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.

The benchmark FTSE 100 was up 85.87 points or 0.91% at 9,147.36 about a quarter before noon.

Howden Joinery is soaring 11.6%, buoyed by strong first-half earnings. The company said that its pre-tax profit rose 4.4% to 117 million pounds for the six months ended June 2025.

Reckitt Benckiser is climbing up nearly 11%. The consumer healthcare and hygiene power-house upgraded its full-year guidance after a strong performance in the first-half.

BT Group is gaining about 8% after naming Patricia Cobian, currently with rival Virgin Media O2, as its first female chief financial officer.

Airtel Africa is up nearly 7%. Vodafone Group is gaining 4.7% after the telecommunications company launched a €500 million share repurchase program that will run through November 10, 2025.

Babcock International, Diploma, Standard Chartered, Kingfisher, Ashtead Group, AstraZeneca and Barclays are gaining 2 to 2.5%.

Lloyds Banking is modestly higher after reporting a 5% rise in first-half profit.

SSE is down 2.1%. Fresnillo, Endeavour Mining, 3i Group, Intercontinental Hotels and Melrose Industries are down 1.25 to 2%.

On the economic front, according flash estimates, the UK S&P Global Composite PMI fell to 51 in July from 52 in the previous month. The expansion was supported by the services sector (51.2 vs 48.2 in June), offsetting a softer decline for the manufacturing sector (48.2 vs 47.7).

A report from the Confederation of British Industry showed business confidence in the United Kingdom increased to -27 points in the third quarter of 2025 from -33 points in the second quarter of 2025.

Another report from the same bureau said that the UK's total order book balance rose slightly to -30 in July 2025, up from -33 in June,

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India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.

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Eurozone Retail Sales Recover In June

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Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.

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Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.

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Dynatrace Boosts FY26 Outlook - Update

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FTSE 100 Modestly Higher; Hiscox Soars 9%

U.K. stocks are turning in a mixed performance on Wednesday with investors digesting corporate earnings announcements, and continuing to assess the economic impact of the Trump administration's tariffs that are set to become effective this week.

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EURUSD	1.16348	GBPUSD	1.33468	AUDUSD	0.64986
USDJPY	147.359	USDCAD	1.3747	USDCHF	0.80717

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FTSE 100 Up Nearly 1% On Encouraging Earnings Updates