The London Stock Exchange: Britain’s FTSE 100 fell on Friday, with the benchmark index posting its second weekly drop after a series of underwhelming earnings updates, with NatWest’s gloomy outlook the latest to weigh on banks.
Ryanair rose 1.2 per cent to €14.44 and Kingspan was 1.56 per cent higher. Meanwhile hotel group Dalata shed 1. per cent and Glanbia was down 1.2 per cent.Britain’s FTSE 100 fell on Friday, with the benchmark index posting its second weekly drop after a series of underwhelming earnings updates, with NatWest’s gloomy outlook the latest to weigh on banks.
Drugmakers AstraZeneca and GSK fell over 2.5 per cent each after French peer Sanofi’s downbeat forecast. There were a few bright spots in earnings, including Ubisoft Entertainment, which rose after the video-game maker reported a “major bookings beat” for the second quarter.and Intel lifted beaten-down megacaps, while investors also drew comfort from data that showed inflation rose largely in line with expectations.Intel rallied 9.0% after the chipmaker forecast fourth-quarter revenue and margins above estimates. Chip stocks Advanced Micro Devices and Nvidia added 3.6% and 1.3%, respectively.
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