Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

(UKX)
Delayed Quote. Delayed Great Britain - 01/26 11:35:30 am
7469.78 PTS   +1.33%
After hours
-0.06%
7465.63 PTS
09:21aWall Street Set for Gains Ahead of Fed Decision
MT
06:40aEuropean Bourses Rally Midday Ahead of US Federal Reserve Announcement
MT
04:47aGlencore, Managem to Produce Cobalt From Recycled Battery Materials
DJ
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 slips, midcaps gain after UK growth forecast lifted

10/27/2021 | 11:52am EST
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London

(Reuters) -The United Kingdom's blue-chip share index slipped on Wednesday and midcap stocks gained ground after British finance minister Rishi Sunak forecast faster growth and lower borrowing as the economy bounces back from the coronavirus pandemic.

The blue-chip FTSE 100 index ended 0.3% lower, weighed by weakness in miners and insurance firms. The domestically-orientated FTSE 250 index inched up 0.1%, led by pub operators.

J D Wetherspoon, Mitchells & Butlers and City Pub Group rose between 1.5% and 5.9% after Sunak scrapped a planned increase in duty on alcohol worth about 3 billion pounds ($4 billion) and simplified taxes.

Overall market moves were limited as Sunak used his half-yearly budget statement to announce multi-billion-pound investments, but forecasters said the government's tax take was on course to be its biggest since the 1950s.

"There have been several winners in today's budget - retail, leisure and hospitality companies in particular as they benefit from 50% discount on business rates for the next year, and simplified alcohol taxes," said Emma Wall, head of investment analysis at Hargreaves Lansdown.

"However, with the minimum wage up it's not all good news for restaurants, bars and shops, coming off the back of a torrid couple of years."

Sunak also vowed to protect households from rising inflation. Investors are expecting the Bank of England to raise interest rates next week for the first time since the start of the pandemic amid soaring fuel costs and labour shortages.

Among individual stocks, GlaxoSmithKline rose 0.5 after the pharmaceutical company lifted its annual profit forecast following strong third-quarter results.

Harry Potter publisher Bloomsbury Publishing increased its dividend after reporting a strong rise in half-year revenue and profit, pushing its stock up 4.3%.

Miners Glencore, Rio Tinto and Anglo American fell between 1.5% and 2.3%, while weaker crude prices hit oil majors BP and Royal Dutch Shell. [O/R]

Precious metals miner Fresnillo Plc slipped 3.5% after reporting a fall in gold and silver production for the quarter.

(Reporting by Bansari Mayur Kamdar, Sruthi Shankar and Amal S in Bengaluru; Editing by Subhranshu Sahu and Vinay Dwivedi and Kirsten Donovan)

By Bansari Mayur Kamdar


ę Reuters 2021
All news about FTSE 100
09:21aWall Street Set for Gains Ahead of Fed Decision
MT
06:40aEuropean Bourses Rally Midday Ahead of US Federal Reserve Announcement
MT
04:47aGlencore, Managem to Produce Cobalt From Recycled Battery Materials
DJ
04:45aFTSE 100 Pushes Higher, Helped by Gains for Oil, Mining, Travel Stocks
DJ
04:33aCommodity, bank stocks lead FTSE 100 higher; Playtech drops
RE
03:06aFTSE 100 Set to Rise on Late U.S. Rebound
DJ
01/25European Bourses Close Higher on Corporate Earnings
MT
01/25FTSE 100 Index Ends 1.02% Higher at 7371.46 -- Data Talk
DJ
01/25'WHOSE SIDE ARE YOU ON?' : Russia war threat shakes Ukraine's faith in ties with Germany
RE
01/25FTSE 100 Finishes Higher, Clinging Onto Rebound
DJ
More news
News of the index components FTSE 100
09:50aDamen commissions Rolls-Royce business unit Power Systems to supply mtu NautIQ Master I..
AQ
09:38aVODAFONE : Gets a Buy rating from Jefferies
MD
09:01aSage Partners with The BOSS Network to empower Black women entrepreneurs with the launc..
AQ
08:47aJo Hallas joins Smith+Nephew's Board as Non-Executive Director
AQ
08:26aINTERCONTINENTAL HOTELS : Voco hotels makes its debut in Germany with first opening in Düs..
PU
07:50aBarclays Ups HSBC PT, Keeps Overweight Rating
MT
07:49aMorgan Stanley Keeps London Stock Exchange At Overweight, Lifts PT
MT
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Top / Flop FTSE 100
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 158.95 Real-time Estimate Quote.7.43%
OCADO GROUP PLC 1511.75 Real-time Estimate Quote.5.90%
SHELL PLC 22.9 Real-time Quote.5.85%
AVEVA GROUP PLC 2872.5 Real-time Estimate Quote.4.45%
BP PLC 394.725 Real-time Estimate Quote.3.97%
RECKITT BENCKISER GROUP PLC 6213 Real-time Estimate Quote.-2.17%
UNILEVER PLC 3833.5 Real-time Estimate Quote.-2.60%
LONDON STOCK EXCHANGE PLC 7212 Real-time Estimate Quote.-2.67%
SAGE GROUP PLC 712.3 Real-time Estimate Quote.-6.57%
FRESNILLO PLC 689.5 Real-time Estimate Quote.-14.35%
Heatmap :