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FTSE 100 up 0.4%, FTSE 250 down 0.3%
AstraZeneca rises after Q2 revenue beats expectations
Greggs falls on decrease first-half revenue
Entain rises after BetMGM raises FY outlook
Inchcape slips on HY revenue drop
July 29 (Reuters) – London’s major inventory indexes have been blended on Tuesday as traders assessed a spate of blended company updates in addition to the fallout from the newly signed U.S.-EU commerce deal.
The benchmark FTSE 100 rose 0.4% as of 0934 GMT, whereas the domestically targeted midcap FTSE 250 index was down 0.3%.
Healthcare shares led the sectoral positive aspects, up 1.8%, with AstraZeneca rising 2.8% after the drugmaker beat second-quarter income and revenue expectations.
Chemical shares misplaced 2.5%, dragged down by Croda Worldwide, which fell 5.1% after the chemical firm reported first-half gross sales beneath estimates.
Industrial miners misplaced 1%, monitoring decrease copper costs. Glencore and Anglo American fell 2.4% and 1.2% respectively.
Amongst different company updates, Video games Workshop surged 6.3%, to high the FTSE 100 index, after the miniature wargames maker reported an almost 30% soar in annual pre-tax revenue.
Entain rose 1.4% after the corporate’s U.S. sports-betting three way partnership with MGM Resorts referred to as BetMGM raised its full-year 2025 income and core earnings forecast.
Inchcape misplaced 9.6%, high loser on the FTSE 250 midcap index, after the automobile distributor reported a 4% drop in first-half adjusted pre-tax revenue at fixed foreign money.
Greggs fell 4.9% after reporting a 14% fall in first-half revenue.
A survey confirmed British store costs rose by probably the most in additional than a 12 months within the 12 months to July and meals costs grew extra strongly.
The Financial institution of England is predicted to chop borrowing prices on August 7 for the fifth time since August final 12 months.
In the meantime, traders weighed the impression of a brand new 15% levy on most European Union items, which is considerably increased than pre-2025 ranges.
Forward of the August 1 tariff deadline, U.S. President Donald Trump stated a blanket 15% to twenty% “world tariff” price can be prolonged towards buying and selling companions who don’t negotiate separate commerce offers with the U.S.
Prime U.S. and Chinese language financial officers resumed their commerce talks for a second day in Stockholm to resolve financial disputes, whereas in search of to increase the earlier tariff truce by three months. (Reporting by Sukriti Gupta in Bengaluru; Enhancing by Shreya Biswas)
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