FTSE 100 extends record run on earnings optimism
The blue-chip FTSE 100 was up 0.4%, as of 0721 GMT. The index touched 8,083.92, topping the previous session's peak of 8,076.52.
Britain's index extended its record run on Wednesday as a strong earnings update from and gains in commodity offset lacklustre performances from Lloyds Banking Group after it reported a slide in quarterly profit.The blue-chip FTSE 100 was up 0.4%, as of 0721 GMT. The index touched 8,083.92, topping the previous session's peak of 8,076.52.
The benchmark was also on track for its sixth consecutive session of gains, what would be its first such winning streak since August 2023.
Reckitt Benckiser jumped 4% after its quarterly like-for-like sales growth beat estimates and the consumer goods group said it was on track to meet full-year revenue and profit targets.
of mining giants such as Rio Tinto, Antofagasta and Glencore rose between 1.4% and 3.9% as prices of most metals climbed on the back of a weaker U.S. dollar.
Lloyds Banking Group fell 2.9% after the country's largest mortgage lender reported a 28% slump in quarterly pretax profit as rising costs, peaking interest rates and intensifying competition in the mortgage market hurt income.
The mid-cap FTSE 250 was nearly flat at 19,791.21 points.
Source: Stocks-Markets-Economic Times
