Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- British stocks were slightly higher on Tuesday, while the pound strengthened, as U.K. companies delivered a mixed bag of earnings results.
The blue-chip index FTSE 100 rose 0.2% and the British pound rose over 0.5% against the dollar to above 1.35.
Meanwhile, DAX index in Germany declined 0.1%, the CAC 40 in France rose 0.7%.
PageGroup (LON:PAGE) shares fall as profit plunges on weak hiring demand
PageGroup shares fell 0.3% after the recruiter reported first-half pre-tax profit plummeted to £0.2 million from £27.7 million a year earlier.
The steep decline came as weaker hiring demand and restructuring costs weighed heavily on results for the six months ended June 30.
Revenue fell to £798.4 million from £898.0 million, while gross profit dropped to £389.7 million from £444.1 million. Operating profit declined to £2.1 million from £28.4 million. Basic and diluted earnings per share were 0.0 pence, compared with 5.3 pence in the first half of 2024.
Entain lifts FY profit outlook on strong online growth
In other market news, Entain (LON:ENT) raised its full-year profit guidance after reporting an 11% increase in first-half underlying EBITDA to £583 million.
The growth was driven by strong online performance and a 35% revenue surge at U.S. joint venture BetMGM.
Bellway posts £42M net cash, housing revenue up 17% on higher completions
Bellway (LON:BWY) swung to a net cash position of £42 million at the end of fiscal 2025 from net debt of £10.5 million a year earlier.
The homebuilder completed 8,749 homes in the year ended July 31, up 14.3% from 7,654 a year earlier, with housing revenue increasing 17% to more than £2.76 billion.
Spirax shares surge after H1 earnings beat forecasts
Spirax Group (LON:SPX) shares jumped almost 13% after the industrial thermal energy and fluid technology company posted first-half 2025 earnings that beat expectations by 5%.
The company reported EBIT of £159 million, above consensus forecasts of £151 million.
Genuit shares drop as FY outlook unchanged despite higher H1 sales
Genuit Group (LON:GENG) shares fell more than 4% after the company maintained its full-year earnings guidance despite posting higher first-half sales, with cost pressures and limited market growth affecting the outlook.
Derwent London slides on flat H1 earnings
Derwent London (LON:DLN) shares dropped more than 6% after the company posted flat first-half 2025 earnings and reaffirmed its rental growth guidance despite higher vacancy and results that missed some analyst forecasts.