Strong earnings pull British shares higher; Aviva climbs | Malay Mail

LONDON, June 8 — British shares inched higher today, helped by positive earnings updates from companies including Intermediate Capital Group and British American Tobacco, while Aviva gained after an activist investor built up a stake.

British American Tobacco gained 2.3 per cent, after it raised its annual revenue growth forecast to more than 5 per cent at constant currency as the cigarette maker’s focus on newer products like e-cigarettes and tobacco-heating devices pays off.Asian stocks pared early gains, with traders staying on the sidelines ahead of US inflation data and a European monetary policy meeting this week for gauging market trajectory.

Adding to investors’ concerns, a report said Britain’s proposed June 21 lifting of lockdowns could be delayed by a fortnight as Covid-19 cases continue to mount. After breaking above the 7,000 mark in mid-April, the FTSE 100 has traded in a tight range as concerns over accelerating inflation overshadowed optimism about a gradual reopening of the economy.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks open higher on record for MSCI's All-Country World Index | Malay MailHONG KONG, June 8 ― Asia stocks opened higher today, cruising in the slipstream of a record high overnight gauge of global equity markets, with investors hoping for inflation and monetary policy clues later in a week full of key central bank meetings and data points. Australia's S&P/ASX 200...
Source: malaymail - 🏆 1. / 86 Read more »