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Nifty, Sensex end higher as corporate earnings improve

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai(Reuters) - The NSE Nifty rose for the second successive session on Thursday to its highest since April 2015 as sentiments were lifted by positive earnings of companies such as Bharti Airtel . The BSE Sensex closed 0.66 percent up at 28,208.62 points. The broader NSE Nifty ended 0.59 percent higher at 8,666.30 points. Asian Paints ended as the top percentage gainer on the NSE after hitting a record high earlier in the session. (Reporting by Arnab Paul in Bengaluru; Editing by Gopakumar Warrier)


Broadband demand helps BT beat first-quarter earnings forecast

A BT (British Telecom) company logo is pictured on the side of a convention centre in Liverpool northern England.Britain's biggest telecoms group BT reiterated its outlook for the full-year after strong demand for broadband helped it to report better-than-expected first-quarter core earnings. BT, which is locked in talks with the telecoms regulator Ofcom over the need to restructure to improve national broadband coverage, said in May it expected to produce core earnings of around 7.9 billion pounds for the year.


FTSE edges down from one-year high, earnings weigh

A man walks past the London Stock Exchange in the City of LondonBy Atul Prakash LONDON (Reuters) - Britain's top share index dipped on Thursday after hitting a one-year high in the previous session, with Smith & Nephew and Royal Dutch Shell falling after poorly received trading updates. The blue-chip FTSE 100 index fell 0.1 percent to 6,742.22 points. The FTSE 100, whose international companies are less exposed to any weakness in the domestic economy arising from Brexit, is up 6.5 percent since the Brexit vote, while the domestically-focused mid-cap index trades just above its pre-Brexit level.


FTSE edges down from 1-year high, earnings weigh

Britain's top share index dipped on Thursday after hitting a one-year high in the previous session, with Smith & Nephew and Royal Dutch Shell (Xetra: A0ET6Q - news) falling after poorly received trading updates. The blue-chip FTSE 100 index fell 0.1 percent to 6,742.22 points. The FTSE 100, whose international companies are less exposed to any weakness in the domestic economy arising from Brexit, is up 6.5 percent since the Brexit vote, while the domestically-focused mid-cap index trades just above its pre-Brexit level.

MIDEAST STOCKS-SABIC weighs on Saudi index, Abu Dhabi edges up

DUBAI, July 28 (Reuters) - Riyadh's stock market edged down 0.4 percent on Thursday as shares in Saudi Basic Industries, the country's top petrochemical firm, fell 2.4 percent after it posted lower second-quarter profits and cut its dividend. In Abu Dhabi, where the index was up 0.2 percent, shares in National Bank of Abu Dhabi lost 1.5 percent while First Gulf Bank gained 1.2 percent. Both banks, which are expected to merge early next year, reported second-quarter profit drops broadly in line with expectations. SABIC reported a 23.2 percent drop in second-quarter net profit to 4. ...

BUZZ-Zain Saudi tumbles on Q2 earnings miss

** Shares in Saudi Arabian telecommunications operator Zain Saudi fall 5.7 percent to 7.50 riyals ** Company reported net loss of 329 million riyals ($87.8 million) in three months to June 30 versus loss of 201 million riyals in prior-year period ** Analysts polled by Reuters had on average forecast quarterly loss of 222.1 million riyals ** Stock testing technical support on May low of 7.40 riyals; next support is February low of 5.45 riyals ** Saudi Arabia's stock index slips 0.4 percent (Reporting by Celine Aswad; Editing by Andrew Torchia)

BUZZ-Saudi Basic Industries slips after Q2 earnings

** Shares in Saudi Basic Industries drop 1.5 percent to 84.00 riyals ** Company reported 23.2 percent year-on-year drop in second-quarter net profit to 4.74 billion riyals ($1.26 billion); analysts polled by Reuters had forecast 3.92 billion riyals ** SABIC also said it would cut its dividend to 2 riyals per share for first half of 2016 from 2.5 riyals in corresponding period of last year ** Stock had risen 3.0 percent in past week on hopes for positive earnings surprise ** Saudi stock index edges down 0.3 percent (Reporting by Andrew Torchia)

AstraZeneca says 2Q earnings fell 22 percent

LONDON (AP) ? Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 percent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States.
 

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