UK stocks remained largely unchanged on Thursday as investors digested a lot of earnings and waited for interest rate decisions on clues to the Bank of England’s asset purchase plans.
The benchmark FTSE 100 rose slightly to 7,124 after rising about 0.3% on Wednesday.
Glencore fell about 1%. Commodity trading and mining companies have raised expectations for the trading sector, but have lowered their year-round guidance on nickel and coal because of production turmoil.
Gold mining firm Centamin fell 3% after a 20% decline in net profit in the first half, reflecting lower gold production and higher single costs.
Real estate investment trust firm Hamerson fell 1.8% after announcing a six-month mixed result.
WPP rose 2.3%. The ad group said its revenue returned to pre-pandemic levels a year earlier than expected.
Paper and packaging group Mondi surged 2.5% after reporting a stable series of results in the first half of the year.
The troubled engineering group Rolls-Royce Holdings surged 3.7% after returning to the black earlier this year.
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The FTSE 100 hasn’t changed much prior to the BoE decision
Source link The FTSE 100 hasn’t changed much prior to the BoE decision