FTSE Edges Higher

FTSE Edges Higher

U.K. stocks are modestly higher Friday morning, with the pound easing slightly against the U.S. dollar following remarks from the central bank governor that there won’t be an interest rate increase next month.

The FTSE100 index is up 26.35 points or 0.34 percent at 7,355.27. On Thursday, the index ended higher by about 0.2 percent.

In the currency market, the British Pound is trading around $1.4055, after closing at $1.4082 on Thursday.

Reckitt Benckiser is down 6.6 percent after the company’s first-quarter like-for-like sales growth, at 2 percent, fell short of expectations.

Shire is declining 2.6 percent and Rolls-Royce is down 1.7 percent. Next, EasyJet, Merlin Entertainment and Associated British Foods are down 0.8 to 1.2 percent.

Meanwhile, Intu Properties, Capita, CRH, Hikma Pharmaceuticals, BAE Systems, Barratt Development, Smiths Group, Imperial Brands, Standard Chartered, GlaxoSmithKline, Dixons Carphone and Vodafone Group are gaining 1.5 to 3.5 percent.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

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