Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indices  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
My previous session
Most popular
SummaryChartsNewsHeatmapComponents 
News SummaryAll newsNews of the components of

UK shares up after vote for Brexit delay; oil majors gain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/15/2019 | 01:37pm EDT
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London

(Reuters) - Strength in oil majors coupled with optimism that a Brexit delay would help avert a disruptive no-deal departure helped Britain's main bourse rise for a fifth straight day, while Frankie & Benny's owner Restaurant Group jumped on strong earnings.

The FTSE 100 advanced 0.5 percent and the FTSE 250 outperformed with a 0.8 percent gain by 1007 GMT. Ireland's main index, often considered a gauge of Brexit mood, added 0.6 percent.

All three indexes outshone their European peers.

Britain's parliament approved asking the European Union for a short delay if lawmakers can agree on a Brexit deal by March 20, or a longer delay if nothing can be agreed in time.

"This means that for now the prime minister has managed to retain control of the Brexit process and can resurrect her rather battered withdrawal agreement for another vote," CMC Markets analyst Michael Hewson said.

The main index found its biggest support in heavyweights Shell and BP that added 1 percent each as U.S. crude prices hit their highest this year on OPEC-led production cuts and U.S. sanctions against Venezuela and Iran.

Stocks deemed to be less risky at times of economic uncertainty also contributed to gains with consumer giant Unilever, tobacco firm British American Tobacco and pharmaceutical company GlaxoSmithKline rising.

Spreadex analyst Connor Campbell said the need for the EU to unanimously approve any delay meant some uncertainty remained, thus drawing investors to defensive stocks.

Housebuilders, considered to be among most vulnerable to economic hits stemming from Brexit, rose on the back of Thursday's vote and after Berkeley's trading update.

Berkeley added 2 percent after it stuck to its profit target despite softness in Britain's housing market caused by Brexit uncertainties.

Meanwhile, Asia-exposed stocks such as HSBC, StanChart and Burberry were lifted after a media report that Chinese Vice Premier Liu He spoke with U.S. representatives and that further progress had been made on trade talks.

A stand-out winner on the midcap index was Restaurant Group, which surged 10.2 percent - its biggest rise in two years - as like-for-like sales rose 2.8 percent in the 10 weeks to March 10 and 2018 profit exceeded its forecast.

But Bakkavor slipped 5 percent as Berenberg cut its rating and said it believes UK food manufacturers are "not as tasty as they look" with shoppers spending more cautiously.

Troubled outsourcer Interserve shot up by 14 percent after slumping as much as 8 percent, ahead of a shareholder meeting on whether to accept a rescue deal or let the small-cap company fall into administration.

(Reporting by Muvija M and Shashwat Awasthi in Bengaluru; Editing by Alison Williams)

Stocks mentioned in the article
ChangeLast1st jan.
BAKKAVOR GROUP PLC End-of-day quote.
BP -2.08% 552.1 Delayed Quote.13.68%
BRITISH AMERICAN TOBACCO -2.94% 3086.5 Delayed Quote.27.20%
DIAGEO -1.70% 3085.5 Delayed Quote.12.31%
FTSE 100 INDEX 0.28% 7234.11 End-of-day quote.0.00%
GLAXOSMITHKLINE -0.70% 1555 Delayed Quote.5.02%
THE RESTAURANT GROUP -4.46% 117.9 Delayed Quote.-13.46%
UNILEVER -1.59% 4329.5 Delayed Quote.7.08%
UNILEVER (NL) -0.33% 51.08 Delayed Quote.8.08%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100 INDEX
01:19pLONDON STOCK EXCHANGE : FTSE sinks as Brexit relief spurs sterling, weak activit..
RE
03/21LONDON STOCK EXCHANGE : FTSE 100 at five-and-a-half month high as no-deal Brexit..
RE
03/21European stocks slip as banks slide, London shares jump
RE
03/21WALL STREET STOCK EXCHANGE : U.S. Stocks Open Lower as Markets Parse Fed's Growt..
DJ
03/21WALL STREET STOCK EXCHANGE : U.S. Stocks Set to Open Lower as Markets Parse Fed'..
DJ
03/21Global Stocks Pause as Markets Parse Fed's Growth Concerns
DJ
03/21Global Stocks Pause as Markets Parse Fed's Growth Concerns
DJ
03/20EUROPE : European stocks break 5-day rally; Bayer, BMW weigh on DAX
RE
03/20LONDON STOCK EXCHANGE : FTSE 100's winning streak broken as Brexit delay plea hi..
RE
03/20WALL STREET STOCK EXCHANGE : U.S. Stocks Open Lower Ahead of New Round of U.S.-C..
DJ
More news
News of the components of FTSE 100 INDEX
02:49pROYAL DUTCH SHELL PLC : Transaction in Own Shares
PR
01:47pROYAL DUTCH SHELL PLC : - Transaction in Own Shares
PR
01:20pROYAL BANK OF SCOTLAND : Publication of a Prospectus
PU
01:07pBT : Openreach plans copper switch off
AQ
11:34aJ SAINSBURY : Sainsbury's-Asda store disposal plan falls short of watchdog's dem..
RE
11:30aCOCA COLA HBC : Notification of transactions by Persons Discharging Managerial R..
PU
11:30aCOCA COLA HBC : Notification of transactions by Persons Discharging Managerial R..
PU
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100 INDEX
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Top / Flop FTSE 100 INDEX
PEARSON 849.2 Delayed Quote.1.68%
NEXT 5380 Delayed Quote.1.20%
KINGFISHER 228.6 Delayed Quote.0.88%
AUTO TRADER GROUP 512.2 Delayed Quote.0.43%
HALMA 1675 Delayed Quote.0.30%
DS SMITH 342.3 Delayed Quote.-4.17%
SMURFIT KAPPA GROUP 2186 Delayed Quote.-4.37%
JOHN WOOD GROUP 545.6 Delayed Quote.-4.52%
STANDARD CHARTERED 578.6 Delayed Quote.-4.58%
NMC HEALTH 2424 Delayed Quote.-6.05%
Heatmap :