British equities remained mostly flat on Tuesday, while the British pound gained ground, boosted by a mixed set of corporate earnings that kept investors cautious.
By 11:53 GMT, the FTSE 100 edged up a marginal 0.04%, while the pound climbed over 1% against the US dollar, crossing the 1.34 mark. In contrast, Germany’s DAX index slipped 0.5%, and France’s CAC 40 inched up 0.1%.
PageGroup Shares Slide Amid Sharp Profit Drop
Shares of recruitment firm PageGroup (LSE:PAGE) declined 3.7% after it revealed a steep fall in first-half pre-tax profit to just £0.2 million, down sharply from £27.7 million in the same period last year. The company cited sluggish hiring demand and restructuring costs as key factors weighing on results through June 30.
Revenue dropped to £798.4 million from £898.0 million, while gross profit slid to £389.7 million from £444.1 million. Operating profit plunged to £2.1 million from £28.4 million, with basic and diluted earnings per share falling to zero from 5.3 pence in H1 2024.
Entain Raises Profit Forecast on Online Growth Surge
Meanwhile, Entain (LSE:ENT) boosted its full-year profit outlook following an 11% rise in underlying EBITDA to £583 million for the first half, driven by robust online operations and a 35% revenue jump at its U.S. partner BetMGM.
Bellway Reports Net Cash Position and Strong Housing Revenue Growth
Housebuilder Bellway (LSE:BWY) reversed last year’s net debt of £10.5 million to finish fiscal 2025 with £42 million in net cash. The company completed 8,749 homes over the year ending July 31, a 14.3% increase, with housing revenue rising 17% to over £2.76 billion.
Spirax Group Shares Rally on Better-Than-Expected Earnings
Spirax Group (LSE:SPX) shares surged more than 15% after reporting first-half earnings that topped forecasts by 5%. The industrial energy and fluid technology firm posted EBIT of £159 million, surpassing analysts’ estimates of £151 million.
Genuit Group Shares Fall Despite Strong Sales
Genuit Group (LSE:GENG) shares dropped over 7% after the company maintained its full-year earnings forecast despite higher H1 sales, citing ongoing cost pressures and limited market expansion as headwinds.
Derwent London Dips on Flat Earnings and Higher Vacancy
Derwent London (LSE:DLN) shares fell more than 5% following flat earnings in the first half of 2025. Despite reaffirming rental growth targets, the firm faced higher vacancy rates and missed some analyst expectations.
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