UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher

RTTNews | 186 ngày trước

(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%.

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 1h 44phút trước

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 2h 20phút trước

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 2h 49phút trước

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 5h 33phút trước

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 5h 52phút trước

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 6h 35phút trước

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 7h 5phút trước

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 7h 17phút trước

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