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Raspberry Pi shares rose over 6% after exceeding profit expectations in its first-half report. Revenue surged 61%, but gross margin declined slightly
Card Factory shares dropped 18.4% after revealing a 43% decline in half-year profits, pressured by rising living wage costs despite a revenue increase.
Miners lifted the FTSE 100 by 0.3%, while Card Factory dropped 18% due to profit losses amid rising costs.
FTSE 100 fell 0.1%, Kingfisher rose 1.1% on UBS upgrade, while Alphawave IP plunged 25% after cutting revenue forecasts.
JD Sports reported 8.3% sales growth, led by North America, but remains cautious amid its recent acquisition of Hibbett store
This week, London's FTSE 100 and FTSE 250 rose amid hopes for a 50 bps Fed cut. The Dow and S&P 500 neared all-time highs, while gold hit a record $2,584.
Gold miners drove FTSE 100 higher as gold surged due to anticipated Fed rate cuts, while AstraZeneca fell 2%.
London's FTSE 100 closed up 0.6%, with mining stocks leading, while Rentokil fell further after a profit warning.
FTSE 100 fell 0.2% on Wednesday, with core US inflation damping hopes for large rate cuts. Rentokil dropped 20%.
Berkeley Group remains on track for financial 2025 targets, and expects pretax earnings of £525 million.