(RTTNews) - U.K. stocks edged higher on Wednesday as investors cheered a batch of positive earnings updates.
The benchmark FTSE 100 edged up 16 points, or 0.2 percent, to 6,960 after losing 0.3 percent the previous day.
Lloyds Banking Group surged 4.1 percent after reporting a better-than-expected profit and raising full-year profitability guidance.
Persimmon advanced 1.5 percent. The housebuilder said it was experiencing good demand for newly built homes across the U.K.
Grafton soared 8.3 percent. The builders merchant and DIY retailer said it expects adjusted operating profit for the current financial year to be between 15 and 20 percent ahead of consensus forecasts.
Advertising group WPP rallied 3.5 percent after it reported a surprise return to comparable net sales growth for the first quarter of 2021.
Lysol maker Reckitt Benckiser Group dropped 1.3 percent despite the company reporting a higher than expected jump in quarterly sales and backing its full-year outlook.
In economic releases, U.K. shop prices continued to decline in April, data from the British Retail Consortium showed.
The shop price index dropped 1.3 percent year-on-year in April, following a 2.4 percent decrease in March. Both food and non-food prices declined in April.
LOS ANGELES, May 1, 2021 /PRNewswire/ -- A statement by Wallis Annenberg, Chairman of the Board, President and CEO of the Annenberg Foundation, on the passing of Eli Broad: "Los Angeles has lost a true giant tonight, and I've lost a dear friend and cherished philanthropic partner. There won't be another Eli Broad – someone with a bold vision of what this city could be, and the brilliance and sheer force of will to make it happen. In so many ways, he remade LA – and I was fortunate to work closely with him on so many of the goals we shared. I'll miss him terribly, and my heart goes out to Edye and Jeffrey and Gary. But as enormous a loss as this is for me, I know his good works and his legacy will be with us for a long, long time." View original content to download multimedia:https://www.prnewswire.com/news-releases/statement-by-wallis-annenberg-on-the-passing-of-eli-broad-301281563.htmlSOURCE The Annenberg Foundation
Today, Guess?, Inc. (NYSE: GES) announced that Maurice Marciano, co-founder and non-executive Chairman of the Board of Guess, was recently injured in a bicycle accident near his home in Napa Valley.
Paul Marciano, Chief Creative Officer and Director for Guess, commented, "After careful medical review, my brother Maurice will be in rehabilitation and therapy for an extended period of time and, therefore, will no longer continue to serve as non-executive Chairman of the Board.”
Effective August 14, 2020, the Guess Board has appointed Alex Yemenidjian, an independent Board Member for over 15 years and the current Lead Independent Director, to replace Maurice Marciano as non-executive Chairman of the Board. Maurice Marciano will continue in his role as a member of the Guess Board.
Paul Marciano added, "All Board members, our friends and family, and all members of the Guess Family, wish Maurice a prompt and healthy recovery from this very unfortunate accident. In the meantime, we know that Alex will continue his exemplary service to Guess in his new role as non-executive Chairman of the Board.”
Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of May 2, 2020, the Company directly operated 1,141 retail stores in the Americas, Europe and Asia. The Company’s partners and distributors operated 540 additional retail stores worldwide. As of May 2, 2020, the Company and its partners and distributors operated in approximately 100 countries worldwide. For more information about the Company, please visit www.guess.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200814005406/en/