Log in
E-mail
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)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Healthcare stocks, recovery optimism push FTSE 100 higher

02/12/2021 | 12:15pm EDT
FILE PHOTO:  A broker looks at financial information on computer screens on the IG Index the trading floor

(Reuters) - London's FTSE 100 rose on Friday, clocking a second straight weekly rise, led by gains in healthcare stocks as investors remained optimistic of a vaccine-led economic recovery even as data showed the UK economy shrank by a record 9.9% last year.

The blue-chip FTSE 100 index rose 0.9%, with healthcare and financial stocks, mainly AstraZeneca Plc, GlaxoSmithKline and Prudential Plc leading gains.

Oil heavyweights BP and Royal Dutch Shell were also among the biggest gainers on the index as oil prices edged higher. [O/R]

The mid-cap index rose 0.1%.

"Delving into the data for Q4, it was better than we expected," said Craig Erlam, senior market analyst at OANDA Europe.

"So there is cause for optimism now, especially against the backdrop of a very promising vaccine rollout we are seeing in the UK."

Data showed Britain's GDP grew 1.0% between October and December, ensuring the economy did not head back towards recession at the end of 2020.

The Bank of England has forecast that the economy will shrink by 4% in the first three months of 2021 due to the new lockdown and Brexit-related disruption.

Vaccine optimism and a raft of global stimulus have lifted the FTSE 100 almost 34% from a virus-induced low in March 2020, but the index is still about 15% below the highest level of last year, while its Asian and U.S. peers have scaled record highs.

Office for National Statistics said prevalence of COVID-19 infections in England decreased in the week ended Feb. 6, equivalent to about one in 80 people.

Meanwhile, Junior Home Office Minister Victoria Atkins has said Britain will set out its roadmap for easing lockdown restrictions on Feb. 22.

Fuel retailer Vivo Energy rose 5.8% after forecasting full-year core earnings above the top end of a market estimate and announced a dividend for 2020.

Holiday company Jet2 fell 7.2% as it raised 422 million pounds ($582 million) through a new share issue, equivalent to 20% of its share capital prior to the fund raising.

(Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V and Shailesh Kuber)

By Shivani Kumaresan


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC -0.27% 7380 Delayed Quote.0.76%
BP PLC -0.18% 302.95 Delayed Quote.18.90%
EURO / BRITISH POUND (EUR/GBP) -0.07% 0.8657 Delayed Quote.-2.80%
FTSE 100 0.52% 7019.53 Delayed Quote.8.65%
GLAXOSMITHKLINE PLC -0.15% 1346.4 Delayed Quote.0.33%
JET2 PLC 0.87% 1326.5 Delayed Quote.-7.24%
LONDON BRENT OIL -0.18% 66.7 Delayed Quote.29.19%
PRUDENTIAL PLC -1.15% 1552.5 Delayed Quote.15.26%
ROYAL DUTCH SHELL PLC -1.15% 16.444 Real-time Quote.12.52%
VIVO ENERGY PLC -0.79% 101 Delayed Quote.18.82%
WTI -0.41% 63.072 Delayed Quote.31.44%
All news about FTSE 100
04/16World stocks at new peaks on strong China, U.S. data
RE
04/16World stocks scale fresh peaks on strong China, U.S. data
RE
04/16European Stocks Close Higher as China GDP Data Helps Lift Sentiment
MT
04/16FTSE : 100 ends second week higher on higher commodity prices, rebound bets
RE
04/16EUROPE : European stocks notch new highs as Daimler earnings lift carmakers
RE
04/16Wall Street Wavers Pre-Bell, Consolidating After Data Boost
MT
04/16European Bourses Eying Fresh Records in Midday Trading
MT
04/16Wall Street Trades Steady in US Pre-Bell Session With Futures Muted; Europe a..
MT
04/16Wall Street Steady Pre-Bell; Futures Muted, Europe Up, Asia Higher
MT
04/16European Fixed Income Update
MT
More news
News of the index components FTSE 100
08:06aASTRAZENECA  : Covid-19 Vaccine - No Diagnosed Case of Blood Clots, No Death Rec..
AQ
08:06aASTRAZENECA  : Covid-19 - Nigeria Crosses 1 Million Vaccination Threshold
AQ
05:45aExpat Americans Fly Home for Covid-19 Vaccination Shots
DJ
04/16ASTRAZENECA  : Quebec to deploy sound trucks in Montreal to announce mobile vacc..
AQ
04/16ASTRAZENECA  : Doctors say lowering age cutoff for AstraZeneca vaccine makes sen..
AQ
04/16READY, SET, GROW : Future-proof your business with cloud-based financials
PU
04/16IAG  : Credit Suisse maintains a Buy rating
MD
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
TrendsBullishBullishBullish
Top / Flop FTSE 100
Heatmap :