Reuters: Hot Stocks: Earnings help Britain's FTSE hold near 7-week highs

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Earnings help Britain's FTSE hold near 7-week highs Jul 25th 2013, 07:16 LONDON, July 25 | Thu Jul 25, 2013 3:16am EDT LONDON, July 25 (Reuters) - Britain's top shares index held near seven-week highs early on Thursday as a raft of upbeat corporate earnings from the likes of Rolls Royce provided support for recent market gains. By 0710 GMT, the FTSE 100 was flat at 6,622.63. Rolls-Royce rose 3.6 percent after it beat expectations with a 34 percent rise in first half profit. Low-cost airline easyJet extended gains, rising 2 percent the day after it increased full-year guidance as brokers such as HSBC and Citigroup raised target prices for the firm. Although the sample is small, of the UK-listed companies who have already reported second quarter results, 67 percent have beaten analysts' earnings expectations, compared with 51 percent in Europe, according to Starmine data. (Reporting by David Brett; Editing by Toni Vorobyova)

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