SPX4,180.13+34.94 0.84%
DIA330.67+2.70 0.82%
IXIC12,807.27+149.72 1.18%

UK stocks climb as markets cheer upbeat earnings, Fed comments

UK stocks climb as markets cheer upbeat earnings, Fed comments

Reuters · 07/28/2022 03:29
UK stocks climb as markets cheer upbeat earnings, Fed comments

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a window

FTSE 100 up 0.2%, FTSE 250 adds 0.7%

- Britain's main equity indexes rose on Thursday, catching up with an overnight rally on Wall Street , while strong results from blue-chip companies Shell and Diageo added to the upbeat mood.

The main FTSE 100 index .FTSE gained 0.2% to hit seven-week highs, while the domestically focussed midcap index .FTMC added 0.7%.

Asian and European stocks markets echoed an upbeat sentiment on Wall Street on Wednesday after the U.S. Federal Reserve raised interest rates as expected, but eased some concerns over the pace of rate hikes going forward. .N

Shares of Shell RDS A gained 0.9%, as the oil major reported a record quarterly profit of $11.5 billion, lifted by a tripling of refining profits and strong gas trading.

Johnnie Walker whisky maker Diageo DEO climbed 1.1% after posting a 24% rise in full-year sales, as more people drank expensive spirits and bars reopened after pandemic lockdowns last year.

Global miner Anglo American NGLOY jumped 3.4% despite reporting a 28% drop in first-half earnings.

Barclays ATMP slipped 0.9% after the lender's first-half profit fell more than expected due to a 1.9-billion-pound ($2.31 billion) hit for regulatory misteps.

Online trading platform CMC Markets CCMMF slumped 20.3% after the company forecast higher operating costs for fiscal year 2023 than previously estimated.


($1 = 0.8226 pounds)



(Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips)

((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))

For related prices, Reuters users may click on - *  UK stock report     .L     FTSE index:         0#.FTS6  techMARK 100 index: .FTT1X         FTSE futures:     0#FFI:  Gilt futures:       0#FLG:         Smallcap index:    .FTSC  FTSE 250 index:     .FTMC          FTSE 350 index:    .FTLC  Market digest:      .AD.L          Top 10 by vol:     .AV.L  Top price gainers:  .NG.L          Top % gainers:     .PG.L  Top price losers:   .NL.L          Top % losers:      .PL.L 
     * For related , click on - * UK hot stocks:      HOT and GB     Wall Street:          .N Gilts report:       GB/            Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks:       .T             HK stocks:           .HK Sterling report:    GBP/           Dollar report:      USD/
     * For company prices, click on - * Company directory:  UKEQ          By sector:          FTAX 
     * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY  FTSE Eurotop 300 index........................... .FTEU3  DJ STOXX index................................... .STOXX  Top 10 STOXX sectors........................ .PGL.STOXXS  Top 10 EUROSTOXX sectors................... .PGL.STOXXES  Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S  Top 25 European pct gainers.................... .PG.PEUR  Top 25 European pct losers..................... .PL.PEUR