Latest news with #Spirax
Yahoo
7 days ago
- Business
- Yahoo
FTSE 100 rises after US-China trade truce extension; key economic data in focus
(Reuters) -Britain's blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while markets also focused on the day's key economic data releases. As of 0947 GMT, the blue-chip FTSE 100 gained 0.3% and the midcap index was little changed. The 90-day extension of the tariff truce between the world's two largest economies provided temporary relief to investors about global trade, effectively postponing potentially damaging triple-digit duties on Chinese exports to the U.S. In UK markets, Spirax surged 13%, leading gains on the blue-chip index, after the manufacturing group forecast organic sales growth accelerating in the second half of the year on a strong order book. Bellway inched 1.4% higher after it expects to build more homes in its new financial year. The outlook lifted the broader UK housing sector index by 0.7%. London-listed Atalaya Mining Copper climbed 7.1% after the miner raised its copper production outlook for the financial year 2025, lifting the broader industrial metal miners index by 0.5%. Economic data on the day revealed Britain's jobs market continues to soften, with payrolls declining for a sixth consecutive month and vacancies decreasing further. However, persistent wage growth underscored the Bank of England's cautious approach toward interest rate cuts. With the central bank's policymakers split over the risks of a hiring slump and a pickup in inflation pressures, the new figures pointed to a continued cooling of the labour market, albeit less sharply than in recent months. Investors now await U.S. inflation data release, which is expected to begin reflecting tariff-driven cost pressures in the world's largest economy as companies pass on expenses to consumers. Back home, the technology sector led sectoral declines, falling 0.7%. Among other stocks, gambling firm Entain dropped 3.6% despite forecasting its annual core profit outlook above market expectations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
FTSE 100 rises after US-China trade truce extension; key economic data in focus
(Reuters) -Britain's blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while markets also focused on the day's key economic data releases. As of 0947 GMT, the blue-chip FTSE 100 gained 0.3% and the midcap index was little changed. The 90-day extension of the tariff truce between the world's two largest economies provided temporary relief to investors about global trade, effectively postponing potentially damaging triple-digit duties on Chinese exports to the U.S. In UK markets, Spirax surged 13%, leading gains on the blue-chip index, after the manufacturing group forecast organic sales growth accelerating in the second half of the year on a strong order book. Bellway inched 1.4% higher after it expects to build more homes in its new financial year. The outlook lifted the broader UK housing sector index by 0.7%. London-listed Atalaya Mining Copper climbed 7.1% after the miner raised its copper production outlook for the financial year 2025, lifting the broader industrial metal miners index by 0.5%. Economic data on the day revealed Britain's jobs market continues to soften, with payrolls declining for a sixth consecutive month and vacancies decreasing further. However, persistent wage growth underscored the Bank of England's cautious approach toward interest rate cuts. With the central bank's policymakers split over the risks of a hiring slump and a pickup in inflation pressures, the new figures pointed to a continued cooling of the labour market, albeit less sharply than in recent months. Investors now await U.S. inflation data release, which is expected to begin reflecting tariff-driven cost pressures in the world's largest economy as companies pass on expenses to consumers. Back home, the technology sector led sectoral declines, falling 0.7%. Among other stocks, gambling firm Entain dropped 3.6% despite forecasting its annual core profit outlook above market expectations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
7 days ago
- Business
- Business Recorder
FTSE 100 rises after US-China trade truce extension; key economic data in focus
Britain's blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while markets also focused on the day's key economic data releases. As of 0947 GMT, the blue-chip FTSE 100 gained 0.3% and the midcap index was little changed. The 90-day extension of the tariff truce between the world's two largest economies provided temporary relief to investors about global trade, effectively postponing potentially damaging triple-digit duties on Chinese exports to the U.S. In UK markets, Spirax surged 13%, leading gains on the blue-chip index, after the manufacturing group forecast organic sales growth accelerating in the second half of the year on a strong order book. Bellway inched 1.4% higher after it expects to build more homes in its new financial year. The outlook lifted the broader UK housing sector index by 0.7%. London-listed Atalaya Mining Copper climbed 7.1% after the miner raised its copper production outlook for the financial year 2025, lifting the broader industrial metal miners index by 0.5%. Economic data on the day revealed Britain's jobs market continues to soften, with payrolls declining for a sixth consecutive month and vacancies decreasing further. However, persistent wage growth underscored the Bank of England's cautious approach toward interest rate cuts. With the central bank's policymakers split over the risks of a hiring slump and a pickup in inflation pressures, the new figures pointed to a continued cooling of the labour market, albeit less sharply than in recent months. Investors now await U.S. inflation data release, which is expected to begin reflecting tariff-driven cost pressures in the world's largest economy as companies pass on expenses to consumers. Back home, the technology sector led sectoral declines, falling 0.7%. Among other stocks, gambling firm Entain dropped 3.6% despite forecasting its annual core profit outlook above market expectations.
Reuters
7 days ago
- Business
- Reuters
FTSE 100 rises after US-China trade truce extension; key economic data in focus
Aug 12 (Reuters) - Britain's blue-chip index rose on Tuesday as an extended U.S.-China tariff truce bolstered investor sentiment, while markets also focused on the day's key economic data releases. As of 0947 GMT, the blue-chip FTSE 100 (.FTSE), opens new tab gained 0.3% and the midcap index (.FTMC), opens new tab was little changed. The 90-day extension of the tariff truce between the world's two largest economies provided temporary relief to investors about global trade, effectively postponing potentially damaging triple-digit duties on Chinese exports to the U.S. In UK markets, Spirax (SPX.L), opens new tab surged 13%, leading gains on the blue-chip index, after the manufacturing group forecast organic sales growth accelerating in the second half of the year on a strong order book. Bellway (BWY.L), opens new tab inched 1.4% higher after it expects to build more homes in its new financial year. The outlook lifted the broader UK housing sector index (.FTNMX402020), opens new tab by 0.7%. London-listed Atalaya Mining Copper climbed 7.1% after the miner raised its copper production outlook for the financial year 2025, lifting the broader industrial metal miners index (.FTNMX551020), opens new tab by 0.5%. Economic data on the day revealed Britain's jobs market continues to soften, with payrolls declining for a sixth consecutive month and vacancies decreasing further. However, persistent wage growth underscored the Bank of England's cautious approach toward interest rate cuts. With the central bank's policymakers split over the risks of a hiring slump and a pickup in inflation pressures, the new figures pointed to a continued cooling of the labour market, albeit less sharply than in recent months. Investors now await U.S. inflation data release, which is expected to begin reflecting tariff-driven cost pressures in the world's largest economy as companies pass on expenses to consumers. Back home, the technology sector (.FTUB1010), opens new tab led sectoral declines, falling 0.7%. Among other stocks, gambling firm Entain (ENT.L), opens new tab dropped 3.6% despite forecasting its annual core profit outlook above market expectations.
Bloomberg
7 days ago
- Business
- Bloomberg
Stock Movers: Vestas, Spirax, Bellway
On this episode of Stock Movers: - Vestas Wind Systems shares rose as much as 5.1% after the company won new orders in the US, which analysts at Citi said is being taken well by the market following the drop in the shares on Monday. - Spirax stocks rallied as much as 18%, marking the biggest jump on record, after the thermal energy and fluid technology company delivered results ahead of expectations in the first half. Citi said the update implies there is some upside potential to consensus estimates for the current year. - Bellway rose as much as 2.6% after it reported homes completed for the full year of 8,749 vs. 7,654 year on year.
