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.
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.
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.
UK shares eased, with two corporate events taking centre stage: CEO Sorrell’s exit from WPP and U.S. hedge fund Elliott Management raising its stake in Whitbread.
A plunge in software firm Sage’s (SGE.L) shares put pressure on Britain’s top share index, while a rising pound weighed on big overseas earners.
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