28.08.202507:39:16UTC+00UK Stocks on Cautious Note

On Thursday, the FTSE 100 saw minimal movement, hovering around 9,260, as traders approached the mixed earnings results of tech giant Nvidia with caution. While Nvidia reported record first-half sales, driven by advances in artificial intelligence, its core data center sector, which constitutes 89% of its revenue, did not meet expectations. Meanwhile, companies like Bunzl, Diageo, Rentokil, and WPP experienced gains, capitalizing on their exposure to the US market. On the other hand, shares of Aviva, Londonmetric, Auto Trader, and Croda declined following their ex-dividend status. Additional declines came from Glencore, Games Workshop, and Alliance Witan, collectively reducing the index by 4.3 points. In the FTSE 250, Drax stocks plunged over 8% upon the revelation that the UK financial regulator is initiating an investigation into the company's biomass pellet sourcing practices.