FTSE 100 buoyed at the open by NatWest results, Rightmove backs guidance - Market Report

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The FTSE 100 jumped at the open, buoyed by strong results from Natwest and Rightmove and shrugging off a tech-sector sell-off in the US that carried through to the Asian markets this morning. In the first half hour of trade, the blue-chip index added three-quarters of a percent to 8,248. NatWest's shares jumped close to 7% after it said it expects full-year income to be ahead of its original forecast after a strong first-half performance, with the second quarter seeing close to every key metric beating guidance. Meanwhile, Metro Bank lifted 3% after it confirmed the sale of its residential mortgage book to NatWest. It comes as Metro looks to streamline its balance sheet and "enhance risk-adjusted returns on capital". Rightmove was also a top riser this morning, up close to 4%, after it backed its guidance in the face of tougher market conditions in the housing sector. Despite homeowners facing higher borrowing costs, the online real estate platform still expects high single-digit revenue growth, helped as listings are currently booming. #proactiveinvestors #marketreport #ftse #ftse100 #footsie #natwest #metrobank #rightmove #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews