Shares advanced steadily throughout the morning FTSE 100 index up 26 points Meggitt drops despite increasing full-year revenue guidance ITV wanted after reiterating its full-year guidance London’s index of leading shares slowly added to earlier gains in the second half of the morning trading session, helped by some trade war optimism. The FTSE 100 was up 26 points (0.4%) at 7,354. “Speculation that President Trump will defer making a decision whether to slap tariffs on EU vehicle imports this week has boosted sentiment in European equity markets. The Trump administration has softened its stance in relation to the EU in recent months, which has been a factor in the rally in European stocks,” declared David Madden at CMC Markets. “The White House has until tomorrow to make its call, and there is talk the decision will be pushed back. Traders are cautiously optimistic, hence why stocks are higher this morning,” he added. Meggitt PLC ( LON:MGGT ) was not participating in the general market advance as traders took issue with its third-quarter trading update, even though the aerospace engineer increased full-year revenue guidance. The shares dipped 0.7% to 624.8p. The market was a bit more receptive to the update […]
