15.05.2024 11:17:22 - dpa-AFX: FTSE 100 Modestly Higher On Fed Rate Cut Hopes

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks were seeing modest gains on
Wednesday amid hopes that the U.S. Federal Reserve is on track to start cutting
interest rates later this year.

The benchmark FTSE 100 was up 29 points, or 0.3 percent, at 8,457 after closing
0.2 percent higher on Tuesday.

Credit data firm Experian soared nearly 8 percent after it forecast annual
organic revenue growth of between 6 percent and 8 percent for fiscal year 2025.

Drinks company Britvic surged 11 percent after posting a jump in interim profit
and revenue and announcing a £75m share buyback.

Engineering group Hunting soared 23 percent on news of a new order win worth
$145 million from the Kuwait Oil Company.

Telecom group Vodafone advanced 4.6 percent after launching a ¤500 million share
buyback program.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.998,02 03.06.24 18:05:02 +5,15 +0,06% - - 8.069,62 7.992,87
FTSE 100 969378 Financial Times SE 8.262,75 03.06.24 17:50:00 -12,63 -0,15% - - 8.275,38 -
DAX ® 846900 Xetra 18.608,16 03.06.24 17:50:00 +110,22 +0,60% - - 18.503,79 18.497,94
E-STOXX 50 ® 965814 STOXX Ltd. 5.003,54 03.06.24 17:50:00 +19,87 +0,40% 0,000 - 5.008,10 4.983,67

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