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FTSE 100 down 0.2%, FTSE 250 up 0.2%
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HSBC ( HSBC ) profit tumbles as China losses mount
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Rio Tinto logs smallest first-half profit in five years
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GSK boosts annual growth outlook
July 30 (Reuters) - London's main stock indexes were
mixed on Wednesday as investors assessed a slew of corporate
earnings ahead of the U.S. President Donald Trump's August 1
tariff deadline.
The internationally oriented FTSE 100 fell 0.2% as
of 0943 GMT, while the domestically focused midcap FTSE 250
index was up 0.2%.
Automobiles and parts stocks led the decline,
down 2.1%, as Aston Martin lost 3.7% after the luxury
carmaker issued a profit warning due to U.S. import tariffs and
weak Chinese demand.
Meanwhile, personal goods index advanced the
most with a 1.3% rise.
Among corporate updates, Taylor Wimpey lost 4.6%, the
top loser in the FTSE 100 index, after the homebuilder cut its
annual operating profit forecast.
HSBC Holdings ( HSBC ) fell 2.7% after a
sharper-than-expected drop in profit due to losses in China.
Rio Tinto edged 0.7% down after its smallest
first-half underlying profit in five years.
Sportswear retailer JD Sports fell 1.6% after its
partner Adidas missed second-quarter sales
expectations and flagged tariff costs.
Defence firm BAE Systems fell 2.3% despite
upgrading its annual earnings forecast.
RHI Magnesita dropped 12.8%, the top loser on the
FTSE 250 midcap index, after cutting its annual profit outlook.
In a bright spot, Glencore ( GLCNF ) said it aims to save $1
billion in costs by the end of 2026, as part of a review of its
industrial assets. Shares of the miner rose 1.8%.
Bodycote ( BYPLF ) jumped 12.3%, the top gainer in the FTSE
250 midcap index, after the thermal processing services provider
announced an additional 30 million pounds ($40 mln) share
buyback.
GSK expects annual sales and profit to be towards
the top of its forecast range, after quarterly sales and
earnings beat expectations. Shares of the drugmaker rose 1%.
In the U.S., the Federal Reserve is expected to leave
interest rates unchanged at its policy meeting later on
Wednesday.
The Bank of England is expected to cut borrowing costs on
August 7 for the fifth time since August last year.