The UK’s top share index rose as a rise in bond yields buoyed financials and an appetite for risk returned at the beginning of a busy week of company updates.
At 0832 GMT, the FTSE 100 was down 0.1 percent while most European bourses also traded in negative territory.
Safestyle said its 2018 revenue and profit are expected to be significantly below market estimates and cancelled its final dividend, sending its shares sharply lower.
Weaker sterling helped Britain's FTSE100 outperform European mkts, while Reckitt tumbled after disappointing results and Shire declined as Allergan pulled out of running.
The UK’s top share index rose as surging crude oil prices boosted commodity stocks, while consumer goods giant Unilever fell on worries over its pricing power.
Financial markets should start accelerating efforts to ditch Libor in favour of the Bank of England’s revamped interest rate benchmark being launched next week, BoE said
A positive start to the first-quarter earnings season and a softening pound triggered by weak inflation data helped to lift Britain’s FTSE 100 index on Wednesday.
Aluminium prices in US have soared and are expected to diverge from those traded on the LME after the US Treasury Department imposed sanctions on Rusal.
Britain’s FTSE 100 futures were up 0.1 pct ahead of the cash market open.
Britain’s FTSE 100 advanced as sterling retreated from its highest level, while focus turned from geopolitical risks to corporate earnings that were largely supportive.
HDFC BANK Q4 REVIEW
PAT at Rs 4799 Cr vs Rs 3990 Cr, up 20.2%
NII at Rs 10,658 Cr vs Rs 9,055 Cr, up 17.7%
Net Interest Margin at 4.3%
Other Income at Rs 4229 Cr vs Rs 3446 Cr, Up 22.7%
Operating Profit at Rs 8835 Cr vs Rs 7279 Cr, up 21.3%
Gets USFDA Approval For Generic Xenazine
Rejects Claims Of Denying An External Audit
SEBI May Seek Forensic Probe Of ICICI Bank Books, Disclosures
Mulling A Forensic Examination Of Financial Statements & Disclosures
Bank's Chairman MK Sharma Conducted A Secret Inquiry 2 Yrs Ago
Found No Wrongdoing By CEO Chanda Kochhar Over Loans To Videocon
Manufacturing Facility At Ghaziabad Inspected By USFDA From April 16-20
Inspection Concluded With Zero Observations
Enters $ 100 Bn Club