LONDON: U.K. stocks edge higher Wednesday as retailers mostly higher, miners off on China sovereign downgrade. The FTSE 100 was up 0.15% at 04:45 ET. The pound steadies just below $1.30 after deadly Manchester terrorist attack. The yield on the 10-year gilt falls to 1.07% mark.
(LON:Marks & Spencer) up 1.16% but off highs at 392.20 as annual earnings beat estimates. The retailer’s underlying profit fell 11% to £613.8 mn as higher food revenues offset falls in clothing. (LON:Dixons Carphone) was also higher after its earnings report. (LON:Kingfisher) sharply lower after first-quarter trading report.
