India, Aug. 5 -- The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.
The benchmark FTSE is up 47.10 points or 0.52% at 9,175.40 nearly an hour past noon.
Smith & Nephew is soaring 15.6%. The medical technology company has announced a $500 million share buyback after reporting better-than-expected earnings for H1 2025. Adjusted earnings per share were 42.9 cents in the second quarter, compared to 37.6 cents a year ago. The company has maintained fiscal 2025 outlook, expecting revenue growth.
Fresnillo is gaining more than 5% after posting a near...