SA, the Western carmaker most exposed to the Russian market, slumped 2.3 per cent after it said it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country’s No. 1 carmaker.
Truck rose 4.4 per cent after it said it expected little impact on its business in 2022 from the Covid-19 pandemic and Russia’s invasion of Ukraine, and forecast revenue growth of at least 14 per cent.Britain’s Ftse 100 and midcap indexes were muted on Thursday, with the blue-chip index up 0.1 per cent, while the domestically focussed midcap index slipped 0.1 per cent.
The Ftse 100 index snapped a five-day run of gains on Wednesday after hot inflation data, while measures unveiled by Finance MinisterNext slipped 2.8 per cent after it trimmed its sales and profit guidance for 2022-23, reflecting the closure of its websites in Ukraine and Russia, and the moderating of growth expectations in some other overseas territories.Fantasy miniatures maker
Group jumped 4.1 per cent after announcing a dividend and saying that trading in the three months ended February had been in line with expectations. – Reuters