Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

London stocks gain on positive earnings; BoE meeting in focus

Published 04/02/2021, 09:21
Updated 04/02/2021, 09:24
© Reuters.
UK100
-
RDSa
-
BTRW
-
ULVR
-
BT
-
FTMC
-
FTNMX405010
-
FTNMX551030
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 rises 0.2%, FTSE 250 adds 0.3%

Feb 4 (Reuters) - British shares rose on Thursday as a set
of positive earnings boosted hopes of an economic recovery, with
investors looking to Bank of England's policy meeting later in
the day.
The BoE is expected to keep its benchmark interest rate on
hold at 0.1% and refrain from a further increase in its
bond-buying programme, which has doubled over the past year.
The blue-chip FTSE 100 index .FTSE rose 0.2%, with travel
.FTNMX5750 and mining .FTNMX1770 stocks leading the gains,
while the mid-cap index .FTMC added 0.3%.
BT BT.L , Britain's biggest broadband and mobile operator,
climbed 2.7% and was the top gainer on the FTSE 100 index after
saying it remained on track for the year. Britain's biggest housebuilder Barratt BDEV.L rose 3.1% on
a near 2% increase in its first-half pretax profit, benefiting
from a rebound in demand.
Oil producing heavy-weight Royal Dutch Shell RDSa.L gained
0.3% after raising its first-quarter dividend, but its
fourth-quarter profit dropped 87%, dragged down by continued
weak energy consumption.
However, FMCG company Unilever ULVR.L dropped 3.6% even
after its fourth-quarter sales growth met estimates, buoyed by
strong demand in emerging markets.

Latest comments

Install Our App
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.