FTSE 100 rises on Avast boost, banks up ahead of BoE meeting [Reuters]
NortonLifeLock Inc. (NLOK)
Last nortonlifelock inc. earnings: 2/6 04:15 pm
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Source: Reuters
FTSE 100 rises 0.5%, FTSE 250 up 0.7% Aug 3 (Reuters) - Britain's main stock indexes closed higher on Wednesday as Avast surged after it won regulatory approval for NortonLifeLock's $8.6 billion deal, while banks rose a day before an expected interest rate hike from the Bank of England. Shares of Avast Plc (AVST.L) soared 43.8% to an all-time high after Britain's competition regulator said it has provisionally cleared cybersecurity firm NortonLifeLock's (NLOK.O) $8.6 billion purchase of its rival. read more The blue-chip FTSE 100 index (.FTSE) was 0.5% higher, while the domestically focussed midcap index (.FTMC) gained 0.7%. Both the indexes clocked strong gains in July, with the FTSE 100 outperforming its global peers so far this year. "The UK market is a defensive market, so it will tend to outperform in a year like 2022 when there are a lot of uncertainties," said Thomas Moore, senior investment director at abrdn. "People will still pay for their energy, heating bills; t
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