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London's FTSE 100 gains as stronger energy shares outweigh virus risks

Published 13/01/2021, 09:22
© Reuters.
UK100
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PSN
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PAGE
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WMH
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FTNMX601010
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CZR
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.1%, FTSE 250 adds 0.2%

Jan 13 (Reuters) - London's FTSE 100 inched higher on
Wednesday as energy stocks tracked strong gains in crude prices,
while investors remained cautious about rising COVID-19 cases
and lockdowns in Europe.
The blue-chip FTSE 100 index .FTSE rose 0.1%, with energy
stocks .FTNMX0530 being one of the biggest gainers after oil
prices jumped more than 1%. O/R
British bookmaker William Hill WMH.L , which is set to be
taken over by U.S. casino operator Caesars Entertainment
CZR.O , gained 0.2% even as it posted a drop in annual revenue
on a hit from COVID-19 lockdowns and sports events
cancellations. Global recruiter PageGroup PAGE.L fell 1.7% after it
posted a 20% drop in fourth-quarter gross profit due to a
coronavirus-led hiring slump, but said Mainland China and
Japanese markets grew in December. Homebuilder Persimmon PSN.L slid 1.6% after it posted a 9%
fall in 2020 revenue and flagged risks to its construction sites
from the fast-spreading new variant of COVID-19 which has
spurred calls for an even tighter UK lockdown. L4N2JO1QD


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