India, Feb. 13 -- Despite some encouraging economic data, the U.K. market is down in negative territory Thursday morning as investors react cautiously to mixed earnings updates.
The UK economy expanded unexpectedly in the fourth quarter, underpinned by services and construction output, a report from the Office for National Statistics said.
The benchmark FTSE 100 was down 75.54 points or 0.86% at 8,731.90.
British American Tobacco shares are plunging more than 9% despite reporting FY24 profit of GBP 3.18 billion or 136.0 pence per share compared to a loss of GBP 14.2 billion or 646.6 pence share incurred a year ago.
Unilever is down 7.1% on lower earnings. The consumer goods major said that its fiscal 2024 profit before taxation declined...