FTSE 100 Climbs As Earnings Pick Up Pace
(RTTNews) - U.K. stocks advanced on Wednesday as investors cheered Fed Chair Jerome Powell's comments on disinflation and assessed the latest financial results from prominent companies.
The benchmark FTSE 100 climbed 0.7 percent to 7,918 after gaining 0.4 percent in the previous session.
Severn Trent edged down slightly despite the water supply firm reaffirming its fiscal 2023 guidance.
Smurfit Kappa tumbled 3.2 percent. The packaging giant reported a rise in profit in 2022, but box volumes were down around 2 percent against a strong prior year.
Housebuilder Barratt Developments added nearly 2 percent after raising its home completion guidance.
Transport operator FirstGroup soared 5.6 percent after it agreed to buy Ensign Bus Company Ltd. for an undisclosed sum. Asset manager Ashmore gained 1 percent despite reporting sharply lower half-yearly profit.
Swiss Franc Slides Against Majors
European Shares Likely To Open On Subdued Note
Indian Shares Edge Higher In Cautious Trade
Australian Market Extends Early Losses In Mid-market
Asian Markets Trade Mixed
Indian Shares Set To Open On Firm Note
Lower Open Called For Thai Stock Market
