By Carla Mozee, MarketWatch
LONDON (MarketWatch) -- Stocks in the U.K. rose Tuesday, with
shares of Standard Life PLC and Aggreko PLC each higher following
financial updates.
The FTSE 100 index rose 0.4% to 332.50, on track for its first
gain in five sessions.
Perched at the top of the index, Aggreko traded 3.6% higher as
the power-generator provider said its interim dividend was raised
3% to 9.38 pence, from 9.11 pence a year ago.
Aggreko, which was a provider for the 2014 World Cup soccer
tournament, also backed its view that full-year underlying profit
will be at similar levels to 2013. Pretax profit in the first half
of 2014 fell 10%, hurt by exchange rates.
Shares of Standard Life gained 2.3% after the insurer, which
also manages funds, posted a 12% rise in first-half operating
profit.
On the losing end of the index, stock in Meggitt PLC dropped
7.3% following the aerospace-equipment company's decision to revise
its full-year view of its military division.
Weaker-than-anticipated revenue in that division contributed to a
20% decline in first-half pretax profit.
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