July 25, 2019 / 7:29 AM / a year ago

FTSE 100 flat after mixed corporate earnings

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 roughly flat, FTSE 250 up 0.5%

* AstraZeneca up after hiking forecast

* Cobham soars after buyout offer

July 25 (Reuters) - A slew of mixed corporate earnings left London’s FTSE 100 little changed on Thursday, while mid-cap aerospace firm Cobham surged to a more than three-year high after a buyout offer.

The main stock market index swung between gains and losses in early deals, and was roughly flat by 0710 GMT, while the mid-cap FTSE 250 outperformed with a 0.5% rise.

AstraZeneca added 4% to top the blue-chip index after it raised its annual product sales forecast, but the gains were offset by steep, post-earnings losses in spirits company Diageo, analytics provider Relx and software provider Sage Group.

Cobham soared more than 34% to 165 pence, matching the 165 pence per share offer price from U.S. private equity group Advent International. (Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below