FTSE 100 Edges Higher On Earnings Boost

RTTNews | 846 days ago
Stocktwits
FTSE 100 Edges Higher On Earnings Boost

(RTTNews) - U.K. stocks eked out modest gains on Thursday after clothing retailer Next Plc raised its pre-tax profit forecast for the current year, defying gloom about weakening consumption and the U.K.'s cost-of-living crisis.

Next Plc shares jumped 7.5 percent, while the benchmark FTSE 100 was up 23 points, or 0.3 percent, at 7,607.

Bakery chain Greggs gained about 1 percent after reporting strong double-digit growth in its fourth-quarter sales.

Galliford Try Holdings fell 1.5 percent. The construction group said it has won a £95mln contract to deliver a new prison facility at HMP Rye Hill, near Rugby in Warwickshire.

B&M European Value Retail advanced 1.3 percent. The variety discounter announced a special dividend after reporting an uptick in sales in its third quarter.

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UK House Prices Fall More Than Expected

UK House Prices Fall More Than Expected

UK house price declined more than expected in April following the end of stamp duty holidays, data from the Nationwide Building Society showed Wednesday. House prices logged a monthly drop of 0.6 percent after remaining flat in March. The decline was worse than economists' forecast of 0.1 percent. On a yearly basis, house price growth eased to 3.4 percent from 3.9 percent in the previous month.
RTTNews | 55 minutes ago
China Manufacturing Activity Shrinks On Weak Exports

China Manufacturing Activity Shrinks On Weak Exports

China's manufacturing activity contracted in April as tariff threats damped export orders, official purchasing managers' survey data from the National Bureau of Statistics revealed Wednesday. The official manufacturing PMI slid to 49.0 in April from 50.5 in March. This was the lowest score in 16 months and also remained below forecast of 49.7.
RTTNews | 1h 19min ago
French Economy Recovers In Q1

French Economy Recovers In Q1

The French economy avoided a technical recession in the first quarter with a marginal expansion, official data revealed on Wednesday. Gross domestic product grew 0.1 percent from the fourth quarter, when the economy shrank 0.1 percent, flash data from the statistical office INSEE revealed. The rate came in line with expectations.
RTTNews | 2h 38min ago
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares struggled for director on Wednesday as investors watched the latest developments on the trade front and awaited key U.S. inflation data for additional clues on the Fed's rate trajectory.
RTTNews | 4h 14min ago
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