{"id":55902,"date":"2025-02-06T11:16:56","date_gmt":"2025-02-06T11:16:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/ftse-100-rises-on-corporate-earnings-boe-rate-decision-in-focus\/"},"modified":"2025-02-06T11:16:56","modified_gmt":"2025-02-06T11:16:56","slug":"ftse-100-rises-on-corporate-earnings-boe-rate-decision-in-focus","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/ftse-100-rises-on-corporate-earnings-boe-rate-decision-in-focus\/","title":{"rendered":"FTSE 100 Rises On Corporate Earnings; BoE Rate Decision In Focus"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> UK stocks are notably higher Thursday morning, in line with other major <span class=\"landLinks\">markets<\/span> in Europe, as investors digest a slew of quarterly earnings updates, and await the Bank of England&#8217;s monetary policy announcement.<\/p>\n<p>The Bank of England is widely expected to lower interest rate by 25 basis points. Investors will focus on BoE Governor Andrew Bailey&#8217;s press conference for future guidane and economic projections.<\/p>\n<p>Despite concerns about U.S.-China tensions, and prospects of new tariffs by the Fed in the foreseeable future, the mood in European markets remains fairly positive this morning.<\/p>\n<p>The benchmark FTSE 100 was up 105.98 points or 1.23% at 8,729.27 a little while ago.<\/p>\n<p>AstraZeneca is gaining 5.3% on strong earnings. The company reported profit before tax of $1.666 billion for the fourth quarter, 86% higher than $897 million in the same quarter a year ago. Operating profit rose to $2.036 billion from $1.234 billion in the prior year. Excluding one-time items, core operating profit was $4.199 billion.<\/p>\n<p>Net profit increased 56% to $1.5 billion or $0.97 per share from $959 million or $0.62 per share last year. Core EPS was $2.09, up 44% year-on-year.<\/p>\n<p>Anglo American Plc is up 5.7%. Antofagasta is rising 4.5%. Prudential, Glencore, Rio Tinto, Beazley, Schrodders, EasyJet and Barclays Group are gaining 2 to 3.5%.<\/p>\n<p>IAG, BT Group, Entain, Hiscox, Ashtead Group, Vodafone, Standard Chartered, BP, Endeavour Mining, Spirax Group, Pershing Square Holdings, Taylor Wimpey, HSBC Holdings and Alliance Witan are also notably higher.<\/p>\n<p>IMI, Halma and Weir Group Holdings are down 1.6 to 2%. Pearson, Compass Group, Segro and Rolls-Royce Holdings are modestly lower.<\/p>\n<p>In economic news, the UK construction sector shrank in January, ending a 10-month period of expansion due to shrinking orders and rising cost pressures, survey results from S&amp;P Global showed on Thursday.<\/p>\n<p>The construction Purchasing Managers&#8217; Index rose to 48.1 in January from 53.3 in December. The index registered below the 50.0 threshold for the first time since February 2024. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Rises On Corporate Earnings; BoE Rate Decision In Focus<\/a><br \/>\n<br \/>2025-02-06 11:16:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK stocks are notably higher Thursday morning, in line with other major markets in Europe, as investors digest a slew of quarterly earnings updates, and await the Bank of England&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":55903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-55902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=55902"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/55902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/55903"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=55902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=55902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=55902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}