Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Energy firms lead FTSE 100 higher; easyJet jumps

Published 26/06/2020, 08:34
© Reuters.
UK100
-
BP
-
EZJ
-
SHEL
-
TSCO
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 1.1%, FTSE 250 adds 0.6%

June 26 (Reuters) - London's FTSE 100 rose on Friday as
energy stocks tracked gains in oil prices on optimism about a
recovery in global fuel demand, while easyJet jumped after
taking more steps to shore up liquidity.
The low-cost airline EZJ.L rose 2.2% as it reported the
sale and leaseback of six A320neo aircraft with leasing firm
SMBC Aviation Capital for $255 million. The blue-chip FTSE 100 .FTSE was up 1.1%, with BP Plc
BP.L and Royal Dutch Shell Plc RDSa.L among the biggest
boosts. The mid-cap FTSE 250 .FTMC added 0.6%.
However, both indexes were set to end the week lower as a
spike in coronavirus cases raised fears of another round of
lockdowns and sapped risk appetite globally. The FTSE 100 has
gained about 26% from its March low, but remains about 19% below
its January record high.
Britain's biggest retailer Tesco TSCO.L fell 1.1% after
reiterating a flat profit outlook as a jump in sales during the
coronavirus-induced lockdown was counteracted by higher costs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.