UK equities showed a slight rise on Tuesday as a series of bright earnings results such as Standard Chartered Bank and BP Plc supported optimism about a faster economic recovery.
The benchmark FTSE 100 rose 26 points (0.4%) to 7,107 after rising 0.7% on Monday.
BP Plc’s share price soared 4.6%. Oil and gas giants expanded their dividend and share buyback programs after second-quarter earnings exceeded expectations.
Standard Chartered Bank rose 2.1%. Creditors resumed paying interim dividends and announced a $ 250 million share buyback after pre-tax profits surged 57% higher than expected in the first half of the year.
Keller Group’s share price soared 8.6%. Soil engineering specialists reported that profits in the first half were better than expected and said that 2021 results were significantly better than the board’s previous expectations.
Moto Insurance Company’s Direct Line Insurance rose 4.5% after reporting higher profits and dividend increases in the first half.
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FTSE 100 has a higher edge in revenue
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