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London's FTSE 100 gains as stronger energy shares outweigh virus risks
Published at 13/01/2021 at 08:22

(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 rose 0.1%, with energy stocks being one of the biggest gainers after oil prices jumped more than 1%.

British bookmaker William Hill , which is set to be taken over by U.S. casino operator Caesars Entertainment

, 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 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 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.

(Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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