FTSE 100 Rises on Hopes of Chinese Economic Stimulus0931 GMT - The FTSE 100 rises 0.8% to 7588 points, supported by China-linked companies as investors hope that the Chinese government will provide further stimulus to its economy, AJ Bell investment director Russ Mould says in a note. ---TP ICAP Pretax Profit Rose, Launches GBP30 Mln Share BuybackTP ICAP Group launched a share buyback program of up to 30 million pounds ($38.2 million) and said it is on track to meet full-year targets after first-half pretax profit rose against strong comparatives. ---4imprint Pretax Profit, Revenue Rose as Customer Demand Reached Record Levels4imprint Group said pretax profit rose for the first half as revenue grew on customer demand reaching record levels, and backed its guidance for the year. ---Bank of Cyprus Pretax Profit Jumped on Interest Rates BoostBank of Cyprus Holdings is on track to meet its targets for the year after the company reported a significant rise in first-half pretax profit on higher income from interest rates. ---Hargreaves Services Pretax Profit Fell on Higher CostsHargreaves Services pretax profit for fiscal 2023 fell on higher costs but the outlook for its trading activities is strong, the company said Wednesday.

Source: Wall Street Journal August 09, 2023 16:28 UTC