U.K. stocks were little changed on Wednesday, as investors awaited the release of U.S. inflation data later in the day for more clarity on the Fed’s near-term policy outlook.
The benchmark FTSE 100 was marginally higher at 7,493, recovering from an early slide on the back of better-than-expected earnings.
Prudential rose over 1 percent. The insurer warned of challenging conditions for the rest of the year after posting an 8 percent rise in first-half operating profit.
Aviva jumped more than 9 percent. The insurer unveiled plans to return more cash to shareholders after posting better-than-expected earnings for the first-half of the year.
Similarly, Admiral Group surged 4.7 percent after delivering a solid set of interim results.
Holiday group TUI gained 1 percent after its EBIT loss narrowed for the third quarter of fiscal 2022.
Market Analysis
FTSE 100 Recovers From Early Dip
2022-08-10 09:18:01
