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    UKX   GB0001383545

FTSE 100

(UKX)
Delayed Quote. Delayed Great Britain - 11/30 11:46:06 am
7059.45 PTS   -0.71%
After hours
0.01%
7060.35 PTS
12:54pEuropean Stocks End Lower Amid Concerns of Vaccine Efficacy Against New COVID-19 Variant
MT
12:44pFTSE 100 Index Ends the Month 2.46% Lower at 7059.45 -- Data Talk
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12:43pFTSE 100 marks worst month in over a year on Omicron hit
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FTSE 100 bounces to pre-pandemic levels on gains in energy, bank stocks

10/15/2021 | 12:16pm EST
FILE PHOTO: The London Stock Exchange offices in the City of London, Britain

(Reuters) - London's FTSE 100 rose to a near 20-month high on Friday, recovering all losses since the pandemic began, helped by gains in heavyweight oil and banking shares as investors were optimistic about a steady economic recovery.

The FTSE 100 index advanced 0.4%. The commodity-heavy index was up 1.8% for the week and recorded its best week since May this year, with precious and industrial miners the biggest gainers.

The "UK has been quite positive over the last few weeks so supply chain shortages haven't really been holding back the markets," said Thomas Mathews, markets economist at Capital Economics.

The FTSE 100 has risen nearly 12% this year to its highest since February 2020, supported by upbeat earnings, accommodative central bank policies and gains in oil and metal prices, which boosted commodity-related stocks.

However, inflation worries and supply-chain disruptions led the blue-chip index to underperform the wider European stock index, which recovered to pre-pandemic levels at the beginning of this year.

"There is risk that if the labour or product shortages stick around for a bit longer, it could become a more of a permanent drag on earnings and you might see stocks struggle as well," added Mathews.

Banks gained 1.8% on the day and gave the second biggest boost to the index, with HSBC Holdings plc adding 1.9% after Barclays and Bank of America raised their price targets on the stock.

The largest percentage gainer on the FTSE 100 was IAG, up 3.3% after the British Airways owner said its finance chief, Steve Gunning, would step down after the airline's 2021 results report and named Premier Inn hotel operator Whitbread's Nicholas Cadbury as his successor.

The domestically focussed mid-cap index added 0.5%, lifted by travel and leisure stocks.

Mediclinic was the top performer on the mid-cap index after it reported strong first-half revenue growth, which was ahead of pre-pandemic levels.

Graphic: FTSE 100 recovers to pre-pandemic levels

Rio Tinto Group fell 1.4% after the miner reduced its 2021 iron ore shipments forecast.

Global education group Pearson dropped 14.9% to the bottom of the FTSE 100 after saying that COVID-19 and a tight labour market had hit enrolments at U.S. community colleges.

(Reporting by Bansari Mayur Kamdar, Shashank Nayar and Amal S; Editing by Amy Caren Daniel and Jonathan Oatis)

By Shashank Nayar and Bansari Mayur Kamdar


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -2.39% 44.51 Delayed Quote.50.41%
BARCLAYS PLC 0.51% 184.22 Delayed Quote.24.95%
BP PLC -0.15% 327.2 Delayed Quote.28.61%
FTSE 100 -0.71% 7059.45 Delayed Quote.10.05%
FTSE MID 250 INDEX -1.04% 22519.72 Delayed Quote.11.07%
HSBC HOLDINGS PLC 0.86% 420.05 Delayed Quote.9.92%
LONDON BRENT OIL -4.76% 70.01 Delayed Quote.46.31%
ROYAL DUTCH SHELL PLC -1.45% 18.58 Real-time Quote.29.01%
WTI -5.65% 66.889 Delayed Quote.48.10%
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12:44pFTSE 100 Index Ends the Month 2.46% Lower at 7059.45 -- Data Talk
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11/29FTSE 100 Index Ends 0.94% Higher at 7109.95 -- Data Talk
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Chart FTSE 100
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Technical analysis trends FTSE 100
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Top / Flop FTSE 100
ANGLO AMERICAN PLC 2766.25 Real-time Estimate Quote.3.08%
POLYMETAL INTERNATIONAL PLC 1376.25 Real-time Estimate Quote.2.59%
TAYLOR WIMPEY PLC 158.85 Real-time Estimate Quote.2.15%
AVIVA PLC 385.7 Real-time Estimate Quote.1.98%
EVRAZ PLC 581.8 Real-time Estimate Quote.1.71%
PERSHING SQUARE HOLDINGS, LTD. 38.7 Real-time Quote.-3.13%
J SAINSBURY PLC 278.55 Real-time Estimate Quote.-3.85%
ENTAIN PLC 1674 Real-time Estimate Quote.-4.12%
LONDON STOCK EXCHANGE PLC 6544 Real-time Estimate Quote.-4.75%
JUST EAT TAKEAWAY.COM N.V. 55.19 Real-time Quote.-5.09%
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