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The UK market is down slightly around noon on Thursday with investors largely making cautious moves amid concerns over the potential impact of the trade war. <\/p>\n
The benchmark FTSE 100 is down 23.32 points or 0.27% at 8,517.65 nearly half an hour past noon.<\/p>\n
Halma is rising nearly 3% after the company announced that it expects an Adjusted EBIT margin modestly above 21% for the full year ending in March. <\/p>\n
Halma’s guidance for good organic constant currency revenue growth for fiscal 2025 remains unchanged from when announced with its half-yearly results in November 2024.<\/p>\n
AstraZeneca, Airtel Africa, Rentokil Initial, Imperial Brands, Shell, Standard Chartered, Marks & Spencer and Legal & General are gaining 1 to 1.7%.<\/p>\n
Vodafone Group is up nearly 1%. Lloyds Banking Group, HSBC Holdings, Aviva, Kingfisher and Diageo are moderately higher.<\/p>\n
Entain, Melrose Industries, Fresnillo, Persimmon, Whitbread, Coca-Cola HBC and Barratt Redrow are down 2.2 to 2.7%.<\/p>\n
Shares of delivery service provider Deliveroo plc are down 5.7% after the company signaled a more extended timeline for achieving its key profitability targets. <\/p>\n
The company reporting a profit of 2.9 million pounds for fiscal 2024, compared to prior year’s loss of 31.8 million pounds. Adjusted EBITDA, a key earnings metric, climbed 52% to 129.6 million pounds from 85.4 million pounds a year ago. Adjusted EBITDA margin increased to 1.7% from last year’s 1.2%.<\/p>\n
Intertek Group is declining nearly 2%. Hikma Pharmaceuticals, Diploma, Natwest Group, St. James’s Place, Taylor Wimpey, Mondi, Rolls-Royce Holdings, Hiscox and Croda International are also down sharply. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n