FXStreet (Mumbai) – The London’s Ftse index is trading flat as better-than-expected results from Unilever overshadowed the weaker-than-expected UK retail sales data.
Unilever adds three points to index
Shares in Unilever rose 2.2%, contributing three points to the index’s advance after it reported higher-than-expected quarterly sales, largely due gains in its home and personal care units. ARM holdings recovered from more than two-year lows hit on Wednesday to trade higher by more than 3%.
Meanwhile, on the minus side, Aberdeen Asset Management fell more than 8% after the emerging markets-focused fund saw net outflows of 9.9 GBP billion during the quarter ended June 30.
The index currently trades largely unchanged on the day at 6670.00.
(Market News Provided by FXstreet)