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Reuters: UK's FTSE 100 gains at open on positive results from HSBC, Diageo

Reuters
Written by
Reuters
Published Aug 1, 2023

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FTSE 100 up 0.2%, FTSE 250 off 0.2%

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UK's FTSE 100 advanced at the open on Tuesday, lifted by positive updates from HSBC, Weir Group and Diageo, while BP edged higher after raising its dividend.

HSBC added 2.5% after Europe's largest bank raised its key performance target as its first-half profit surged more than two-fold.

The broader banks index gained 1.4%.

Diageo added 2.3% after the world's largest spirits maker beat full-year sales forecasts.

Weir Group jumped 5.0% after the engineering firm reported half-year results.

BP rose 2.3% after the oil giant increased its dividend by 10% despite missing second-quarter profit forecasts and dropping 70% from a year earlier.

Man Group tumbled 5.8% in early trade even after the hedge fund manager posted a record high in assets under management to $151.7 billion, beating analyst expectations for growth for the first half of 2023.

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