Published at 28/07/2021 at 09:57
Published at 28/07/2021 at 09:31
Published at 28/07/2021 at 08:29
Published at 28/07/2021 at 08:23
Published at 28/07/2021 at 07:47
Published at 28/07/2021 at 06:06
Published at 27/07/2021 at 17:07
Published at 27/07/2021 at 17:00
Published at 27/07/2021 at 08:27
Published at 27/07/2021 at 08:25
Published at 28/07/2021 at 11:44
Published at 28/07/2021 at 09:20
Published at 28/07/2021 at 06:03
Published at 28/07/2021 at 02:20
Published at 27/07/2021 at 19:37
Published at 27/07/2021 at 11:26
Published at 27/07/2021 at 08:52
Published at 27/07/2021 at 05:36
Published at 27/07/2021 at 02:26
Published at 26/07/2021 at 20:16
Published at 28/07/2021 at 13:13
Published at 28/07/2021 at 13:03
Published at 28/07/2021 at 08:33
Published at 28/07/2021 at 02:29
Published at 28/07/2021 at 02:28
Published at 27/07/2021 at 22:21
Published at 27/07/2021 at 19:56
Published at 27/07/2021 at 12:01
Published at 27/07/2021 at 12:00
Published at 27/07/2021 at 08:14
UPDATE 2-Travel stocks and retailers lift FTSE 100 to strongest session in 5-months
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Fashion retailer Next jumps on robust earnings
* Royal Mail drops to bottom of FTSE 100
* Survey shows UK recovery loses some pace
* FTSE 100 up 1.7%, FTSE 250 adds 1.9%
(Updates to close)
By Shashank Nayar and Amal S
July 21 (Reuters) - Travel-related stocks and retailers helped London's FTSE 100 to record its strongest session in more than five months on Wednesday, while Next Plc was the top gainer after it raised its profit outlook following robust earnings.
The blue-chip index ended 1.7% higher, with Compass Group , International Consolidated Airlines , Whitbread , and Rolls-Royce among the top gainers.
The domestically focussed mid-cap index rose 1.9%, marking its best day since January 2020. The index was boosted by a 4.4% gain in travel sub-index with Cineworld
, Carnival , SSP Group , and EasyJet
gaining between 4.3% and 7.5%.
Shares of the British fashion retailer surged 7.5% after it said it had soundly beaten its expectations for full-price sales and, as a result, was increasing its profit forecast.
"We've seen the panic hit the market and then now we're are back to normal. Given the uncertainties around the economic recovery for the rest of the year, it pretty much assures the investors that central banks will remain cautious, cementing the hope that interest rate lifts are not going to happen next year," said Edward Moya, senior market analyst at OANDA.
The FTSE 100 has risen 8.3% so far this year, supported by cheap borrowing costs and optimism around economic re-opening, although a recent jump in COVID-19 cases, higher inflation levels and hawkish tone from central banks on tapering of interest rates have capped those gains.
A survey showed UK's economic bounce-back from lockdowns cooled in June despite a surge in business for the country's hospitality sector, echoing signs that the recovery has lost some of its pace.
Among other stocks, media group Future jumped 9.2% and was among the top boost to the mid-cap index after it said it expects its full-year profitability to be ahead of expectations.
Royal Mail Plc dropped 2.7% to the bottom of the FTSE 100 after it said fewer parcels were being delivered to homes as pandemic restrictions eased across the country, even as it reported a 12.5% rise in first-quarter group revenue.
Private equity firm Bridgepoint up 29.1%, saw its value rise by more than a fifth on its London stock market debut.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ FTSE 100 posts strongest session since Feb. 2021
(Reporting by Shashank Nayar and Amal S in Bengaluru; Editing by Shailesh Kuber, Uttaresh.V and David Evans)
((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))
(( For related prices, Reuters users may click on - *
UK stock report
techMARK 100 index: FTSE futures:
Gilt futures: Smallcap index:
FTSE 250 index: FTSE 350 index:
Market digest: Top 10 by vol:
Top price gainers: Top % gainers:
Top price losers: Top % losers:
* For related news, click on - *
UK hot stocks: and Wall Street:
Gilts report: Euro bond report
Pan European stock report:
Tokyo stocks: HK stocks:
Sterling report: Dollar report:
* For company prices, click on - *
Company directory: By sector:
* For pan-European market data, click on - *
European Equities speed guide................
FTSE Eurotop 300 index...........................
DJ STOXX index...................................
Top 10 STOXX sectors........................
Top 10 EUROSTOXX sectors...................
Top 10 Eurotop 300 sectors..................
Top 25 European pct gainers....................
Top 25 European pct losers..................... ))