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European shares rose extended gains on Wednesday on the back strong corporate updates and less hawkish-than-expected comments from US Federal Reserve Chair Jerome Powell’s in his Congressional hearing testimony on Tuesday.
UK house builder Vistry Group said it expected full-year adjusted pre-tax profit to rise in line with guidance, after a strong increase in completed sales.
UK supermarket group Sainsbury's raised full-year profit forecasts despite a fall in underlying sales over Christmas.
JD Sports Fashion lifted annual profits guidance after revenues rose 10% in the 22 weeks to January 1, with US fiscal stimulus also providing a trading boost.
European shares rose at the open on Wednesday on the back of gains on Wall Street as investors were cheered by US Federal Reserve Chair Jerome Powell’s more moderate comments in his Congressional hearing testimony.
UK homewares retailer Dunelm on Wednesday lifted annual profit guidance after a record performance in the 13 weeks to Christmas driven by online sales and higher margins.
XP Power said it expected annual operating profit to be “modestly below” market forecasts due to supply chain issues during the final quarter.
Britain’s Heathrow airport on Tuesday said at least 600,000 passengers cancelled flights during December in response to the surge of Omicron Covid cases and fears of new travel curbs.