FTSE 100 LIVE: London outperforms European peers as traders cheer strong UK earnings

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The FTSE 100 (^FTSE) outperformed against its European peers on Thursday as investors cheered a number of strong earnings reports from some iconic UK companies. The major continental markets were down by the afternoon, having given up earlier gains.

Victoria Scholar, head of investment at Interactive Investor said, “In a mega week for markets, the FTSE 100 has opened higher, lifted by Rentokil and Rolls Royce, both up by around 10% each thanks to strong earnings reports. Rolls Royce continues to be a standout stock market winner, gaining over 140% across the past 12 months."

It comes after strong results stateside overnight from Microsoft (MSFT) and Meta (META), which helped to rejuvenate AI optimism.

By LaToya Harding
Full story at Yahoo News