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(Reuters) - London’s FTSE 100 equity index ended higher on Tuesday, lifted by gains in consumer staples and energy stocks, although a delay in lifting remaining COVID-19 restrictions in England curbed sentiment across the overall market. Dollar-earning consumer staples stocks, including Unilever, Reckitt Benckiser Group, British American Tobacco and Diageo Plc gained between 0.58% and 1.77%, on the weaker pound. Energy stocks gained 0.32% as oil majors including BP and Royal Dutch Shell gained 0.7% and 1.8% respectively, tracking crude prices. Prime Minister Boris Johnson pushed back plans to lift most remaining COVID-19 restrictions to July 19, citing the rapid spread of the more infectious Delta variant. There was good news however on the jobs front, as the number of employees on British company payrolls surged by a record 197,000 in May as COVID-19 restrictions eased, tax data showed.
Persons: Peter Nicholls, Boris Johnson, payrolls, , Russ Mould, AJ Bell Organizations: Reuters, London Stock Exchange, REUTERS, Unilever, Reckitt, British American Tobacco, Diageo, Energy, BP, Royal Dutch Shell, Entertainment, Entain Plc, U.S . Federal, Federal Reserve, Boohoo, Finance Locations: England, London, Britain
REUTERS/Peter Nicholls/File photoLondon's FTSE 100 equity index edged higher on Tuesday, lifted by gains in consumer staples and industrial stocks, although a delay in lifting of remaining COVID-19 restrictions in England curbed sentiment across the overall market. The blue-chip index (.FTSE) rose 0.3%, with large dollar earning companies including Diageo (DGE.L), Unilever (ULVR.L) and British American Tobacco (BATS.L) providing the biggest boost. Industrials (.FTNMX502050), aero and defence (.FTNMX502010) stocks also climbed, with aero-engine maker Rolls Royce (RR.L) among the biggest gainers with a 2.2% rise. The domestically focused mid-cap FTSE 250 index (.FTMC) advanced 0.3%. Prime Minister Boris Johnson pushed back plans of lifting most remaining COVID-19 restrictions to July 19, citing the rapid spread of the more infectious Delta variant.
Persons: Peter Nicholls, Royce, Boris Johnson, payrolls, Laith Khalaf, AJ Bell, Khalaf Organizations: London Stock Exchange, REUTERS, Diageo, Unilever, British American Tobacco, Communications, Standard Finance, Thomson Locations: London, Britain, England
Energy stocks boost British shares ahead of reopening decision
  + stars: | 2021-06-14 | by ( Devik Jain | Amal S | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - British shares ended higher on Monday, helped by gains in heavyweight energy stocks, while investors awaited the government’s decision on whether it would delay England’s complete reopening from a third national lockdown. FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. Health minister Matt Hancock will update parliament at around 1930 GMT after Johnson addresses the public at a news conference. Travel-related stocks fell 1.4%, with International Consolidated Airlines, Compass Group, Just Eat Takeaway.com and InterContinental Hotels Group among the top decliners. Among stocks, outsourcer Serco Group jumped 4.6% after it raised its 2021 profit outlook.
Persons: Suzanne Plunkett, Boris Johnson, Matt Hancock, Johnson, , Keith Temperton, Russ Mould, AJ Bell Organizations: Reuters, London Stock Exchange, REUTERS, BP, Royal Dutch Shell, Forte Securities . Travel, International Consolidated Airlines, Compass Group, InterContinental Hotels Group, , Serco, ITV Locations: London, Britain, England, British
FTSE 100 eyes best week in over a month as economy strengthens
  + stars: | 2021-06-11 | by ( Devik Jain | ) www.reuters.com sentiment -0.78   time to read: +2 min
FILE PHOTO: People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photoThe blue-chip index rose 0.6%, with precious metal miners and base metal miners jumping 1.8% and 1.5%, respectively. The index was up 0.8% for the week, its biggest percentage gain since the week ending May 7. In April alone, output rose by 2.3%, marking the fastest growth since July and helped by a rapid growth in the services sector. Auto Trader Group gained 1.5% after brokerages raised their price targets on the online car marketplace’s stock.
Persons: Suzanne Plunkett, there’s, we’ve, , Danni Hewson, AJ Bell, Robert Walters, brokerages, Informa, JP Morgan Organizations: Reuters, London Stock Exchange, REUTERS, Pharmaceutical, AstraZeneca, Sanne, Cinven, Auto Trader Locations: London, Britain
REUTERS/Dylan Martinez/File PhotoBritish online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits. CMC, which facilitates the trade of complex financial instruments, raised its outlook multiple times this year as a retail trading boom fuelled volumes. Rivals IG (IGG.L) and Plus500 (PLUSP.L) have also reported strong results, powered partly by the "GameStonk" retail trading phenomenon. read more'UNDERCUT THE MARKET'The GameStonk effect has been most visible in the United States, where online brokers such as Robinhood have thrived on the back of a retail trading boom. The company did not disclose further details on its planned wealth platform, first reported by Sky News, but Cruddas was confident of its prospects.
Persons: Dylan Martinez, Hargreaves, AJ Bell, Peter Cruddas, David Fineberg, Cruddas Organizations: CMC Markets, REUTERS, CMC, Reuters, Rivals, GameStop, Sky News, Thomson Locations: London, Britain, United States
REUTERS/Toby Melville/File PhotoBanks and industrial stocks weighed on London's FTSE 100 on Friday, while airline stocks came under pressure as Britain tightened travel restrictions again. The blue-chip FTSE 100 index (.FTSE) edged 0.1% lower, with HSBC (HSBA.L), Prudential (PRU.L), Barclays (BARC.L) and Lloyds banking group (LLOY.L) down between 0.7% and 1.2% after weaker than expected U.S. jobs data pushed bond yields lower. British airways owner IAG (ICAG.L) lost 0.9% after Britain removed Portugal from its quarantine-free travel list and added seven more countries to its red list. The domestically focused mid-cap FTSE 250 index (.FTMC) was also little changed, nudging up 0.1%. After breaking above the 7,000 mark in mid-April, the FTSE 100 index has oscillated in a narrow range on worries that rapid economic growth could lead to higher inflation and faster tightening of ultra-loose monetary policies.
Persons: Toby Melville, EasyJet, Danni Hewson, AJ Bell, brokerages Organizations: London Stock Exchange Group, City of, REUTERS, HSBC, Prudential, Barclays, Lloyds, BHP Group, Rio Tinto, Ryanair Holdings, Wizz, Federal Reserve, Thomson Locations: City, City of London, Britain, Rio, Portugal, England
REUTERS/Toby Melville/File PhotoLondon's FTSE 100 index climbed on Wednesday, helped by gains in heavyweight energy and banking stocks, while Bloomsbury Publishing jumped on a robust earnings report. The blue-chip index (.FTSE) rose 0.4%, with oil majors BP (BP.L) and Royal Dutch Shell climbing 1.9% and 2.2% respectively, as crude prices extended gains. The FTSE 100 index has traded in a tight range since April as concerns grew that central banks might pare support early as economies reopen and inflation climbs. read moreGlobal stock markets hovered near record highs despite wary investors remaining unconvinced by central bank assurances that the current inflation upsurge is transient. [nL3N2NK1ZB]Burberry Group (BRBY.L) jumped 3.5% to the top of the FTSE 100 index after Exane BNP Paribas upgraded the stock to "outperform" from "neutral".
Persons: Toby Melville, Banks, Harry Potter, lockdowns, Danni Hewson, AJ Bell, pare, TATE.L, Berenberg Organizations: London Stock Exchange Group, REUTERS, Bloomsbury Publishing, BP, Royal, Shell, HSBC, Prudential Plc, Lloyds Banking Group, Barclays, OPEC, Bank of, Tate, Burberry, BNP, Thomson Locations: City, London, Britain
Bloomsbury sees cookbook, novel sales climb further amid pandemic
  + stars: | 2021-06-02 | by ( Muvija M | ) www.reuters.com + 0.96   time to read: +2 min
(Reuters) -Bloomsbury said on Wednesday a renewed love for reading during the pandemic was here to stay, as the Harry Potter publisher predicted continued strong earnings from higher sales of cookbooks and fantasy novels. REUTERS/Neil HallLondon-based Bloomsbury has upgraded its targets multiple times this year, thanks to what it called “an exceptional sales performance” in its consumer division for both adult and children’s publishing. As the pandemic recedes, we will never return to exactly the world we had before.”Profit before tax and highlighted items rose to 19.2 million pounds ($27.17 million) in the 12 months to Feb. 28 from 15.7 million pounds, with revenue jumping 14% to 185.1 million pounds. Bloomsbury also expects fiscal 2021-2022 results to be comfortably ahead of market estimates, which call for revenue of 177.5 million pounds and profit of 17.4 million pounds. Some of Bloomsbury’s other top titles include “Court of Silver Flames,” a fantasy novel by Sarah J Maas.
Persons: Harry Potter, Neil Hall, , Nigel Newton, ” AJ Bell, Danni Hewson, Newton, Sarah J Maas Organizations: Reuters, Bloomsbury, REUTERS, Neil Hall London, “ Bloomsbury, , Silver Flames Locations: London, Britain
Meggitt, real estate stocks lead FTSE 250 higher; Equiniti shines
  + stars: | 2021-05-27 | by ( Shivani Kumaresan | Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A woman walks past the London Stock Exchange building in the City of London, Britain, January 16 , 2017. REUTERS/Toby Melville(Reuters) -British midcaps edged higher on Thursday, outperforming the blue-chip index for a third straight session led by gains in Meggitt and real estate stocks, while Equiniti Group jumped after agreeing to a take-private deal. The domestically focused FTSE 250 index rose 0.1%, with aero and defence stocks adding 1.7%. The FTSE 100 traded flat, with base metal miners adding 2.9% and offsetting losses in oil majors BP and Royal Dutch Shell. Johnson Matthey slipped 3.6% after the chemicals maker warned that rising metal prices could hit its cash flow.
Persons: Toby Melville, BoE policymaker Gertjan Vlieghe, , Russ Mould, AJ Bell, Johnson Matthey Organizations: London Stock Exchange, City of, REUTERS, Reuters, Equiniti, Meggitt, UBS, FTSE, Royal, Shell, Bank of England, Aviva Locations: City, City of London, Britain, Meggitt
British midcaps rise on strong earnings, Vectura shines
  + stars: | 2021-05-26 | by ( Shivani Kumaresan | Devik Jain | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) -British midcaps rose on Wednesday, boosted by solid earnings updates from companies including Marks & Spencer and Softcat, while Vectura Group topped the mid-cap index after agreeing to a takeover by The Carlyle Group. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Vectura Group surged 33.8% to the top of the index, after the pharmaceutical company focused on inhaled medicines agreed to a 958 million pound ($1.36 billion) takeover by global investment firm The Carlyle Group. Specialty chemical maker Croda International climbed 2.6% after Goldman Sachs upgraded the stock to “buy” from “sell”. Spire Healthcare Group jumped 26.9% after it agreed to a takeover offer from Australian hospital operator Ramsay Health Care for about 1 billion pounds ($1.41 billion).
Persons: Spencer, Softcat, Peter Nicholls, , Russ Mould, AJ Bell, Goldman Sachs Organizations: Reuters, Marks, Vectura, The Carlyle, London Stock Exchange, REUTERS, Group, , HSBC, Prudential Financial, Chartered, U.S, Federal, Croda, Spire Healthcare, Health Care Locations: London, Britain
Energy, mining stocks drag FTSE 100 lower as Amigo tumbles
  + stars: | 2021-05-25 | by ( Shivani Kumaresan | Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) -London’s FTSE 100 index was dragged lower by energy and mining stocks on Tuesday, while subprime lender Amigo was on track for its worst day on record after a British court rejected its proposed redress scheme. REUTERS/Suzanne Plunkett/File PhotoThe blue-chip FTSE 100 index fell 0.3% with oil heavyweights BP and Royal Dutch Shell falling 1.2% and 1.6% respectively. Miners including Rio Tinto, Anglo American,Glencore and BHP were also among the biggest drags on the FTSE 100, with shares falling between 1.2% and 1.6%. “The FTSE 100 was struggling for direction ... given the continuing uncertainties over vaccines versus variants, the risks of inflation and the continuing volatility in the commodity and cryptocurrency markets,” Russ Mould, investment director at AJ Bell, said. Among other stocks, AstraZeneca fell 0.8% after Britain’s competition regulator said it was reviewing the drugmaker’s $39 billion buyout of U.S.-based Alexion.
Persons: Amigo, Suzanne Plunkett, ” Russ Mould, AJ Bell, Peel Hunt Organizations: Reuters, London Stock Exchange, REUTERS, BP, Royal, Shell, Miners, Rio Tinto, BHP, Royal Mail, AstraZeneca, U.S Locations: London, Britain, Rio, , Asia
Industrials push FTSE 100 higher; Trainline slumps
  + stars: | 2021-05-20 | by ( Shivani Kumaresan | Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. Banks and healthcare stocks, including HSBC Holdings, Prudential Plc, AstraZeneca Plc and Smith & Nephew, were also among the biggest boosts on the index. Publisher Future surged 9.6% to the top of index after Deutsche Bank raised its price target on the stock. Globally, stock markets saw a tentative rebound and bitcoin bounced more than 12% after one of its spectacular smashes, though tapering talk from the U.S. Federal Reserve kept bond markets under pressure. Among other stocks, Trainline tumbled 23.2% to eye its worst day on record.
Persons: Trainline, Toby Melville, bitcoin, they’re, , Russ Mould, AJ Bell, pare Organizations: Reuters, London Stock Exchange Group, City of, REUTERS, HSBC Holdings, Prudential Plc, AstraZeneca Plc, Smith, Nephew, Deutsche Bank, U.S . Federal Reserve, FTSE, British Locations: City, City of London, Britain, British Railways
Nathan Stirk/Getty ImagesA British digital travel booking company shorted by George Soros' U.K. investment arm saw its shares plummet on Thursday as the U.K. government announced a historic overhaul of its railways. Shares of Trainline were down 21% by afternoon trade in London, having earlier fallen by as much as 32%. Investors fled the stock after the government announced that a new state-owned body will be established in a bid to simplify the country's rail network. Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. While trains will still be operated by private companies, the GBR will issue new "passenger service contracts" to these companies.
Persons: Nathan Stirk, George Soros, Russ Mould, AJ Bell, Lisi Niesner, RMT, Mould, Trainline Trainline Organizations: Trent Train Station, British Railways, Investors, Management LLP, Soros Fund Management, Billionaire, Reuters, Great British Railways, GBR Locations: STOKE, ENGLAND, Stoke, Trent, Stoke , England, England, London, British, Vienna, Austria
FTSE 100 slips as energy, industrial stocks weigh; Diploma jumps
  + stars: | 2021-05-17 | by ( Devik Jain | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Suzanne PlunkettLondon’s FTSE 100 edged lower on Monday, dragged by heavyweight energy and industrial stocks, while shares of Diploma Plc jumped after the company gave an upbeat earnings update. The blue-chip index (.FTSE) fell 0.4% as oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L) slipped after crude prices declined. However, Prime Minister Boris Johnson served notice that the spread of the coronavirus variant first identified in India meant that the final UK reopening in June could be delayed. Among other stocks, homebuilder Vistry Group (VTYV.L) added 1.9% after it raised its annual profit forecast on strong demand. Novacyt jumped 7.9% after the French biotechnology group said UK's National Health Service will use its product for detecting COVID-19.
Persons: Suzanne Plunkett London’s, Banks, Russ Mould, AJ Bell, Boris Johnson Organizations: London Stock Exchange, REUTERS, BP, Royal, Shell, Health Service, Thomson Locations: London, Britain, India
read moreThe price of the world's largest cryptocurrency dropped 17% from around $54,819 to $45,700, its lowest since March 1, in just under two hours following Musk's tweet on Wednesday. read moreBut Tesla Chief Executive Musk has faced pressure about the environmental impact of bitcoin since the announcement. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk tweeted. ENVIRONMENTAL CONCERNSAt current rates, bitcoin mining devours about the same amount of energy annually as the Netherlands did in 2019, data from the University of Cambridge and the International Energy Agency showed. The bitcoin dominance index, a ratio of bitcoin’s share of the total market cap of all cryptocurrencies, dropped to 42%, its lowest since June 2018.
Persons: Dado Ruvic Bitcoin, Elon Musk, Tesla, Bitcoin, Musk, Jeffrey Wang, Wang, AJ Bell, Justin d'Anethan, Makoto Sakuma, dogecoin, Cryptocurrency dogecoin Organizations: REUTERS, Amber Group, Nasdaq, University of Cambridge, International Energy Agency, BTC, NLI Research Institute, Thomson Locations: Vancouver, Netherlands, Hong Kong, Tokyo
read moreBut Tesla Chief Executive Musk has faced pressure about the environmental impact of bitcoin since the announcement. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk tweeted. Musk's comments roiled markets even though he said Tesla would not sell any bitcoin and would resume accepting it as soon as "mining" for it transitioned to more sustainable energy. In a second tweet on Thursday, Musk denounced the "insane" amount of energy used to produce bitcoin, which momentarily pushed bitcoin lower. Bitcoin’s share of the total market capitalisation of all cryptocurrencies dropped to 42%, its lowest since June 2018.
Persons: Dado Ruvic Bitcoin, Tesla, Elon Musk, Musk, Jeffrey Wang, Wang, Bitcoin, AJ Bell, Justin d'Anethan, Makoto Sakuma, dogecoin, Cryptocurrency dogecoin Organizations: REUTERS, Amber Group, Nasdaq, University of Cambridge, International Energy Agency, BTC, NLI Research Institute, Thomson Locations: Vancouver, Netherlands, Hong Kong, Tokyo
Ethereum, the second-largest cryptocurrency, dropped to a session low of $3,543.62 and last changed hands at 2.9% at $3,692. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk tweeted. In a second tweet on Thursday, Musk denounced the "insane" amount of energy used to produce bitcoin, which pushed bitcoin lower. ENVIRONMENTAL CONCERNSAt current rates, bitcoin mining devours about the same amount of energy annually as the Netherlands did in 2019, data from the University of Cambridge and the International Energy Agency showed. Tesla shares were down 2.4%, while the biggest U.S. cryptocurrency exchange, Coinbase tumbled nearly 9% (COIN.O).
Persons: Bitcoin, Elon Musk, Tesla, pounce, Paolo Ardoino, ethereum, Musk, Dado Ruvic Read, Jeffrey Wang, Wang, AJ Bell, Coinbase, Justin d'Anethan, Cryptocurrency dogecoin Organizations: Tesla Inc, Bloomberg, U.S . Justice Department, Internal Revenue Service, REUTERS, Amber Group, University of Cambridge, International Energy Agency, BTC, Thomson Locations: U.S, Vancouver, Netherlands, Hong Kong
FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett(Reuters) -London’s FTSE 100 rebounded on Wednesday, supported by positive earnings updates from companies including Diageo, while stronger-than-expected monthly GDP data bolstered optimism about a sharp recovery from the pandemic-driven slump last year. The blue-chip index rose 0.7% after slumping 2.6% in the previous session. Spirax-Sarco Engineering gained 2.8% as JP Morgan raised its price target on the stock after upbeat trading update from the valve maker. However, London-listed shares of Just Eat Takeaway.com NV slipped 3.4% to the bottom of the FTSE 100 index after rival food delivery firm Delivery Hero announced a launch of operations in Berlin.
Persons: Suzanne Plunkett, JP Morgan, , Danni Hewson, AJ Bell, Clayton Organizations: London Stock Exchange, REUTERS, Diageo, Sarco Engineering, UDG Healthcare, Rice Locations: London, Britain, Dubilier, Berlin
Britons reassess retirement as pandemic upends priorities
  + stars: | 2021-05-04 | by ( Muvija M | ) www.reuters.com + 0.00   time to read: +3 min
May 4 (Reuters) - The COVID-19 pandemic, which has killed more than 127,000 Britons, is making people rethink their retirement and long-term savings plans, an added boon for money managers who are already benefiting from a record-setting recovery in financial markets. “This pandemic has just accelerated things, whether out of necessity or desire.”In the first few months of the pandemic last year, investors were hit hard by a collapse in financial markets. While some have used the money for big-ticket purchases like cars and homes, others are salting it away. In any case, people are now talking more about their retirement plans, wealth managers said. “It could be that in 12 months’ time everyone has forgotten it and they have moved on.
Persons: , , Rosie Hooper, Quilter, Sarah Coles, Hargreaves, ” Coles, Tom Selby, AJ Bell, Andrew Croft, ” Croft, Muvija, Sayantani Ghosh, Saumyadeb Organizations: Investment, St Locations: James’s, Bengaluru
Early gains wane in Europe as tech, auto stocks weigh
  + stars: | 2021-05-04 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - European shares inched lower on Tuesday as an early boost from commodity, bank and travel stocks was offset by losses in highly valued technology companies and automakers. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 3, 2021. REUTERS/StaffThe pan-European STOXX 600 index inched down 0.1%, with the German DAX falling 0.6% and UK’s FTSE 100 rising 0.5% after a long weekend. Tech stocks, however, slumped 1.2% after their Wall Street peers came under pressure on Monday. Italy’s top commercial broadcaster Mediaset gained almost 3% after it agreed on a consensual break-up from its second-largest investor Vivendi.
Persons: DAX, , AJ Bell, Russ Mould, Chipmaker, Reinhard Ploss, Pandora, Mediaset Organizations: Reuters, REUTERS, Staff, Miners, Tech, Chipmaker Infineon, Software, Dassault Aviation, Rafale, Vivendi, Vivendi’s Locations: Frankfurt, Germany, United States, China, France
Strong pound, Aveva shares pull FTSE 100 lower; HSBC climbs
  + stars: | 2021-04-27 | by ( Medha Singh | Devik Jain | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) -London’s FTSE 100 dropped on Tuesday, as export-heavy companies took a hit from a perky pound, overshadowing a rise in bank shares following HSBC’s quarterly profit beat. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. The pharmaceutical and biotechnology index dropped 2.3%, the most among sectors, while international companies that take a hit to their profits from a rise in local currency dropped, with British American Tobacco, Unilever, Reckitt Benckiser down marginally. However, concerns over the resurgence of COVID-19 cases in parts of Asia and prospects of rising inflation as economies reopen have dented sentiment. The domestically focussed mid-cap FTSE 250 index slipped 0.6%.
Persons: Toby Melville, Craig Hayman, We’re, , Russ Mould, AJ Bell, Royal Dutch Shell Organizations: Reuters, London Stock Exchange Group, City of, REUTERS, British, Tobacco, Unilever, Reckitt, HSBC Holdings ’, U.S . Federal Reserve, BP, Royal Locations: City, City of London, Britain, London, Asia, Royal Dutch
REUTERS/Toby MelvilleLondon's FTSE 100 fell on Tuesday, dragged down by stocks of heavyweight banking and cigarette makers, while Associated British Foods slipped after a downbeat first-half earnings update. Shares of Primark-owner AB Foods (ABF.L) fell 0.7% after it posted a 50% drop in first-half profit, hurt by COVID-19 lockdowns that shuttered its Primark fashion stores. The domestically focussed mid-cap FTSE 250 index (.FTMC) inched 0.02% lower. "Whilst the hope is the majority of those will be reintegrated back into the workforce, hope doesn't pay the bills. However, cyber security company Avast (AVST.L) jumped 3.1% to the top of FTSE 100 index after upbeat first-quarter trading update.
Persons: Toby Melville London's, payrolls, Danni Hewson, AJ Bell, doesn't Organizations: London Stock Exchange Group, City of, REUTERS, British Foods, British American Tobacco, Imperial Brands, Elementis Plc, Inc, ONS, National Statistics, Jupiter Fund, Thomson Locations: City, City of London, Britain, British, U.S, Europe
(Reuters) -European stocks rose on Wednesday on upbeat earnings from software firm SAP and French luxury goods maker LVMH, while German shares lagged after sources said the country’s economic institutes cut 2021 GDP forecast. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 25, 2021. REUTERS/StaffThe pan-European STOXX 600 index rose 0.2%, closing just 0.2% shy of record highs, as an impressive bounce-back in sales saw LVMH scale a record highs, spurring gains in other luxury names. Economic institutes will cut their joint 2021 growth forecast for Europe’s largest economy to 3.7% from 4.7%, sources said, due to a longer than expected COVID-19 lockdown. Germany’s SAP jumped 1.1% as it raised 2021 revenue outlook higher after reporting a quarterly rise in cloud sales.
Persons: Germany’s DAX, , Bert Colijn, Goldman Sachs, Wells Fargo, Johnson, Laith Khalaf, AJ Bell Organizations: Reuters, SAP, REUTERS, Staff, ING, Germany’s SAP, JPMorgan Chase, Johnson, Britain’s, Tesco, British, Miners Locations: Frankfurt, Germany, Europe
Food delivery stocks are slipping in Europe — here's why
  + stars: | 2021-04-06 | by ( Sam Shead | ) www.cnbc.com sentiment -0.98   time to read: +1 min
LONDON - Europe's food delivery firms are seeing their share prices fall as investors start to consider life after the coronavirus pandemic. Just Eat Takeaway and Ocado were among the biggest losers on the London Stock Exchange Tuesday, down 1.1% and 1.7% respectively by lunchtime. Meanwhile, in Germany, Delivery Hero sank 0.9% and HelloFresh was trading 3.4% lower on the Frankfurt Borse. Shares in Just Eat Takeaway have fallen by around a third since their October high and Delivery Hero has fallen by around 17% since its peak in January. "By contrast lockdown winners like Ocado to Hello Fresh are seeing shares tumble."
Persons: Danni Hewson, AJ Bell, Hewson Organizations: London Stock Exchange, Frankfurt, CNBC, Restaurant Group Locations: Germany
London stocks end higher on optimism over swift economic recovery
  + stars: | 2021-04-01 | by ( Shivani Kumaresan | Amal S | ) www.reuters.com sentiment -0.89   time to read: +2 min
(Reuters) -British shares ended higher on Thursday ahead of a long weekend, as hopes of a swifter economic rebound this year boosted sentiment, while Quilter rose after agreeing to sell its international business to Utmost Group. Slideshow ( 2 images )The blue-chip FTSE 100 index ended 0.4% higher, with industrials and consumer discretionary stocks, mainly Ferguson PLC, Melrose Industries PLC, International Consolidated Airlines Group, Compass Group plc being the biggest gainers. Bank stocks, including Prudential Financial Inc, Barclays Plc, Lloyds Banking Group, were also among the biggest boosts on the index. [MKTS/GLOB]The FTSE 100 has risen 4.3% so far this year, supported by speedy vaccine rollouts and a raft of economic stimulus. The domestically focused mid-cap FTSE 250 index climbed 1%, led by industrials and consumer discretionary stocks.
Persons: Quilter, , Russ Mould, AJ Bell Organizations: Reuters, Ferguson PLC, Melrose Industries PLC, International Consolidated Airlines Group, Compass Group, Bank, Prudential Financial Inc, Barclays Plc, Lloyds Banking Group, Global, industrials Locations: France, Brazil, Europe
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