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FTSE 100 unchanged, FTSE 250 down 0.4%
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UK approves Sizewell C nuclear plant
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Compass raises profit forecast, buys Vermaat in $1.8 bln
deal
By Sukriti Gupta
July 22 (Reuters) - London's main stock indexes were
mixed on Tuesday as investors parsed a spate of corporate
earnings, and awaited the release of key economic data this
week.
The benchmark FTSE 100 was flat by 0944 GMT, after
registering a record closing high on Monday. The domestically
oriented midcap FTSE 250 lost 0.4%.
Industrial miners rose 1.1%, tracking a rise
in copper prices, buoyed by hopes for firmer Chinese demand.
Glencore ( GLCNF ) gained 2.2%, while Rio Tinto rose
1.1%.
Homebuilders and household goods stocks led
sectoral losses, falling 1.6%. Vistry down 2.7%.
Data showed Britain borrowed more than expected in June as a
jump in inflation pushed up the government's debt costs.
In company news, British food catering firm Compass Group ( CMPGF )
rose 6.1% to the top of the blue-chip index, after it
agreed to buy European premium food services business Vermaat
Groep for about 1.5 billion euros ($1.75 billion), including
debt and also raised its annual profit forecast.
Energy firm Centrica ( CPYYF ) surged 3.9% after Britain
approved the 38 billion pound ($51 billion) Sizewell C nuclear
plant in eastern England. The company holds a 15% stake in the
project.
Greencore ( GNCGF ) jumped 10.5%, to top the FTSE mid-cap
index, after the convenience food manufacturer raised its annual
profit expectations.
Kier Group ( KIERF ) fell 5.1%, to the bottom of the mid-cap
index, after the British infrastructure and construction group
said that its CEO Andrew Davies would be stepping down, and
named insider Stuart Togwell as his successor, effective
November 1, 2025.
Meanwhile, AstraZeneca ( AZN ) on Monday said it plans to
invest $50 billion in the U.S. to expand manufacturing and
research capabilities as it reacts to White House trade policy.
On the radar this week are UK flash Purchasing Managers'
Index for July and June retail sales data.