(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window)
Darktrace rallies after Thoma Bravo's buyout deal
U.S. PCE data due at 0830 ET
FTSE 100 up 0.4%, FTSE 250 adds 1%
(Updated at 0825 GMT)
Britain's FTSE 100 rose to another record high on Friday as strong earnings from U.S. tech giants buoyed investor sentiment, while cybersecurity firm Darktrace rallied following a buyout deal by private equity firm Thoma Bravo.
The blue-chip FTSE 100 .FTSE was up 0.4%, hitting a record for a fourth consecutive session. The index is set for its biggest weekly gain in more than seven months.
"The combination of recovering earnings and reasonable prices continue to make things look quite attractive for the UK market," said Chris Beauchamp, chief market analyst at IG Group.
"Yesterday’s earnings just reassure everybody. If you had a nasty miss from either or both of them, you would have been looking at a fairly different marketplace this morning," he said, referring to Alphabet GOOGL.O and Microsoft MSFT.O .
Sentiment in Asian and broader European markets was optimistic after upbeat earnings from Wall Street tech titans Alphabet and Microsoft.
NatWest NWG.L jumped 3.5% to touch a more than one-year-high after the British bank's first-quarter profit fell by a less-than-expected 27%.
Anglo American AAL.L slipped 0.8% after it rejected BHP Group's (BHP) 31.1 billion pound ($38.88 billion) takeover proposal, saying the bid significantly undervalued the London-listed miner and its future prospects. The stock had rallied 16% following BHP's offer on Thursday.
BHP's UK-listed stock BHPB.L fell 1.5%. The mip-cap FTSE 250 .FTMC gained 1%, with Darktrace DARK.L rallying 19.3% after Thoma Bravo agreed to buy the Mike Lynch-backed cybersecurity company for about $5.32 billion.
"It's a whopping 40% premium and what people are seeing is a chance to exit the business at a very reasonable price. It's a sign of the strength of the firm," IG Group's Beauchamp said.
Meanwhile, British consumer sentiment returned to a two-year high this month as households took a more positive view of the economy and their own finances, a long-running survey showed.
Investors will keep a close eye on the U.S. inflation data later in the day for clues on when the Federal Reserve will start easing monetary policy.
Convatec Group plc CTEC.L fell 6.4% after Peel Hunt downgraded the stock to "reduce" from "add".
(( For related prices, Reuters users may click on - *UK stock report FTSE index:
0#.FTS6 techMARK 100 index: .FTT1X FTSE futures:0#FFI: Gilt futures:0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - *UK hot stocks: and Wall Street: Gilts report: Euro bond reportPan European stock report: Tokyo stocks: HK stocks: Sterling report: Dollar report:
- For company prices, click on - * Company directory: UKEQ By sector: FTAX
European Equities speed guide................EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))
- Forums
- ASX - By Stock
- News: BHP UPDATE 1-FTSE 100 continues record run, Darktrace rallies on buyout deal
(For a Reuters live blog on U.S., UK and European stock...
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$43.42 |
Change
0.670(1.57%) |
Mkt cap ! $220.2B |
Open | High | Low | Value | Volume |
$42.90 | $43.47 | $42.89 | $302.4M | 6.987M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11540 | $43.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.43 | 40993 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1070 | 43.350 |
1 | 500 | 43.310 |
7 | 1727 | 43.300 |
1 | 1000 | 43.290 |
1 | 165 | 43.280 |
Price($) | Vol. | No. |
---|---|---|
43.430 | 40693 | 7 |
43.440 | 26356 | 3 |
43.450 | 25987 | 5 |
43.460 | 28249 | 5 |
43.470 | 22351 | 3 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$43.39 |
  |
Change
0.670 ( 1.63 %) |
|||
Open | High | Low | Volume | ||
$42.90 | $43.46 | $42.89 | 775041 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
BHP (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online