EasyJet declines following 'sell' rating
A look at some of the biggest risers and fallers in the London market on Tuesday
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LON:BATS
British American Tobacco is the world’s second largest quoted tobacco group by global market share, with brands sold in more than 180 markets.
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A look at some of the biggest risers and fallers in the London market on Tuesday
Also in pre-market deals, Pivotal Software Inc takes a nose-dive and McDonalds Corp shares are unmoved
The UK blue chip index rose 34 points to 7,308 around 3.40pm
RBC’s analysts said they “expected relatively lower margin (NGPs) to continue to outgrow the core cigarette business”, which would lead to a “negative mix effect on profitability”
Barclays believes BAT is well placed to exploit a new era of competitive disruption in the industry heralded by innovations such as e-cigarettes
A look at some of the biggest risers and fallers in London on Thursday
BAT saw its sales jump by 57% to £11.64bn for the half-year to 30 June 2018, with profit from operations ahead 72.4% to £4.438bn, and its adjusted earnings per share (EPS) of 137.2p ahead of expectations
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
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The UK blue-chip benchmark closed around four points higher at 7,692
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
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The oil sector dominates the corporate news agenda on Thursday but it is also difficult to get away from matters pertaining to the World Cup
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Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Analysts at the broker said the heavy discounts on the companies shares from the market were overly cautious and predicted upsides from new generation products
The FTSE 100-listed firm said exchange rates would reduce its earnings per share growth by 9% for the first half of the year and by 6% for the full year, at current spot rates
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
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The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
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The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.