After opening lower and a slow start the FTSE100 has been moving up steadily this morning after better than expected news on UK inflation data. The UK consumer price index rose 0.5% for the year till June better than the expected 0.4% although these are still figures collected pre UK referendum.
Royal Mail (RMG.L) was trading up today after positive news in their trading statement, the company said revenue was inline with expectations,group revenue was up 1% and announced parcel volumes 2% than previous period.
Sky (SKY.L) was also higher today as it benefited from a broker upgrade. RBC Capital Markets moved the stock to ‘outperform’ from ‘underperform’ and revised the target price up 100p to 1100p, citing higher revenue forecasts from european operations.
Elsewhere Rio Tinto’s (RIO.L) update failed to please investors despite news that production of iron ore in its Western Australia mines was up 8% on the previous period and shipments rose 6%.
After opening lower and a slow start the FTSE100 has been moving up steadily this morning after better than expected news on UK inflation data. The UK consumer price index rose 0.5% for the year till June better than the expected 0.4% although these are still figures collected pre UK referendum.
Royal Mail (RMG.L) was trading up today after positive news in their trading statement, the company said revenue was inline with expectations,group revenue was up 1% and announced parcel volumes 2% than previous period.
Sky (SKY.L) was also higher today as it benefited from a broker upgrade. RBC Capital Markets moved the stock to ‘outperform’ from ‘underperform’ and revised the target price up 100p to 1100p, citing higher revenue forecasts from european operations.
Elsewhere Rio Tinto’s (RIO.L) update failed to please investors despite news that production of iron ore in its Western Australia mines was up 8% on the previous period and shipments rose 6%.
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