BREAKING NEWS
This content is not available in your region

FTSE 100 flat after mixed corporate earnings

Access to the comments Comments
FTSE 100 flat after mixed corporate earnings
FILE PHOTO: Financial traders work at their desks at CMC Markets in the City of London, Britain, April 11, 2019. REUTERS/Peter Nicholls   -   Copyright  PETER NICHOLLS(Reuters)
Text size Aa Aa

(Reuters) – A slew of mixed corporate earnings left London’s FTSE 100 little changed on Thursday, while mid-cap aerospace firm Cobham surged to a more than three-year high after a buyout offer.

The main stock market index <.FTSE> swung between gains and losses in early deals, and was roughly flat by 0710 GMT, while the mid-cap FTSE 250 <.FTMC> outperformed with a 0.5% rise.

AstraZeneca <AZN.L> added 4% to top the blue-chip index after it raised its annual product sales forecast, but the gains were offset by steep, post-earnings losses in spirits company Diageo <DGE.L>, analytics provider Relx <REL.L> and software provider Sage Group <SGE.L>.

Cobham soared more than 34% to 165 pence, matching the 165 pence per share offer price from U.S. private equity group Advent International.

(Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Shounak Dasgupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.