FTSE 100 Rises On Earnings; NatWest Rallies 7%
(RTTNews) - U.K. stocks traded higher on Friday after strong U.S. GDP data boosted hopes of a soft landing for the world's largest economy.
The benchmark FTSE 100 was up 59 points, or 0.7 percent, at 8,245 after gaining 0.4 percent in the previous session.
Lender NatWest jumped 7 percent after lifting its full-year revenue forecast.
AstraZeneca rose 1.2 percent. Imfinzi, or durvalumab, was recognized by the FDA's oncologic drugs advisory committee for its efficacy in treating resectable non-small cell lung cancer, based on phase three trial results.
Defense and aerospace group Babcock International surged 5.3 percent after reporting strong FY24 results.
Reckitt Benckiser climbed 2.2 percent. The consumer goods major announced that it has initiated the first tranche of its previously announced 1 billion pounds share buyback program, which will return up to 250 million pounds of capital to shareholders.
Warehouse developer SEGRO fell 2.7 percent after reporting a fall in overall adjusted net asset value (NAV) per share, a key measure gauging property valuation.
FTSE 100 Up Firmly In Positive Territory As Bank Stocks Post Strong Gains
CAC 40 Modestly Higher As Stocks Turn In Mixed Performance
Indian Shares End Notably Lower As FII Selling Continues
Gold Edges Lower Amid Gulf Unrest
German Stocks Extending Recent Gains
Oil Prices Rise In Choppy Trade
European Shares Edge Higher As Bond Yields Fall
