Less Ads, More Data, More Tools Register for FREE

FTSE 100 notches record close on US-EU trade deal optimism, earnings boost

Thu, 24th Jul 2025 17:05

FTSE 100 up 0.9%, FTSE 250 up 0.6%

*

Reckitt soars after raising annual revenue growth forecast

*

ITV jumps after forecast-beating HY results

*

BT Group surges after appointing new CFO

*

Vodafone rises on Q1 growth improvement

July 24 (Reuters) -

Britain's FTSE 100 rose on Thursday to a record close, boosted by upbeat corporate results and optimism over a potential EU-U.S. trade agreement.

The benchmark FTSE 100 closed up 0.9% at 9,138.37 points. The domestically oriented midcap FTSE 250 gained 0.6%.

The personal care and grocery stores index led sectoral gains, up 2.6%, boosted by Reckitt, up 9.9%, after the consumer goods company raised its annual revenue forecast.

Healthcare stocks rose 1.9% with AstraZeneca up 2.1% after the drugmaker's rare immune disorder drug succeeded in an advanced trial.

GSK added 1.4% after the U.S. Food and Drug Administration on Wednesday extended its review of the drugmaker's blood cancer drug.

Media stocks advanced 2.3%, led by ITV , which rose 13.3% after the broadcaster's half-year results beat forecasts.

Conversely, precious metal miners fell 1.4%, tracking a drop in gold prices. Endeavour Mining fell 1.3%, and Fresnillo was down 2.1%.

In company news, BT Group advanced 10.4%, topping the FTSE 100 index, after the telecom firm named Patricia Cobian as its first female chief financial officer.

Howden Joinery soared 8.9% after reporting a rise in first-half profit.

Vodafone gained 3.4% after reporting a 5.5% increase in organic service revenue in the first quarter.

Airtel Africa soared 7.3% after posting higher quarterly results.

Anglo American's copper and diamond production fell in the first half of the year. Shares of the miner edged 0.9% down.

BP will exit its planned green hydrogen production facility in Australia as it pivots back to oil and gas, a spokesperson said. Shares of the energy major were down 1.7%.

Meanwhile, an EU spokesperson signalled that a U.S.-EU deal was within reach, which would result in broad 15% import tariffs on the 27-member bloc.

Additionally, surveys showed British companies are struggling to grow and the job market continues to weaken, but inflation pressures are still lurking in the economy.

A Reuters poll

showed

the Bank of England is expected to cut interest rates in August and November with steady economic growth anticipated.

Britain and India also signed a free trade agreement. (Reporting by Sukriti Gupta; Editing by Sahal Muhammed and Ed Osmond)

Reckitt Astrazeneca Glaxosmithkline ITV Endeavour Mining Fresnillo BT Howden Joinery Vodafone Airtel Africa Anglo American BP National Grid AJ Bell Aviva

Shares in this article

Related News

LONDON MARKET OPEN: Stocks fall as Iran talk doubts send oil higher
33 mins ago

LONDON MARKET OPEN: Stocks fall as Iran talk doubts send oil higher

(Alliance News) - Stock prices in London opened lower on Wednesday, as escalating tensions between the US and Iran weighed on sentiment and pushed oil...

Commodities Howden Joinery + 3 more shares
Howden Joinery to buy DIY Kitchens for £390m
1 hour ago

Howden Joinery to buy DIY Kitchens for £390m

(Sharecast News) - Howden Joinery said on Wednesday that it has agreed to buy the parent company of Ultima Furniture Systems Limited, trading as DIY K...

LONDON BRIEFING: Howden Joinery buys DIY Kitchens; B&M profit halves
1 hour ago

LONDON BRIEFING: Howden Joinery buys DIY Kitchens; B&M profit halves

(Alliance News) - Howden Joinery agrees a GBP390 million acquisition of online retailer DIY Kitchens, while Tritax Big Box REIT completes the sale of ...