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)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Weaker pound, miners lift FTSE 100, but still logs weekly loss

10/22/2021 | 12:19pm EST
FILE PHOTO: People walk through the lobby of the London Stock Exchange in London

(Reuters) -London's FTSE 100 rose on Friday, led by heavyweight mining and consumer staple stocks, as surveys showed the British economy unexpectedly regained momentum in October despite surging costs and worsening supply shortages.

The export-heavy FTSE 100 ended 0.2% higher, with base metal miners and and precious metal miners up 0.2% and 2.4%, respectively.

Large dollar earning companies, spirits maker Diageo and Dove soap maker Unilever, were among top performers in the index, as the pound dipped following data that showed British retail sales unexpectedly fell for a fifth month in a row in September.

Investors also digested a recent statement by the Bank of England's new chief economist Huw Pill that inflation could top 5% and the question of whether to raise interest rates was a "live" one at early November meeting.

"While many still argue that the price pressures are temporary, their expected duration and intensity are rising which is forcing policymakers to consider actions they'd clearly rather avoid," said Craig Erlam, senior market analyst, UK & EMEA, OANDA.

"As the PMIs have shown, supply-side issues are taking their toll on activity, which won't be helped by any surges in COVID cases as the northern hemisphere heads into the winter."

Slowing recovery, supply chain worries and rate hike fears have capped the gains on the FTSE 100 recently, with the blue-chip index slipping 0.4% this week compared with the 0.6% rise among its European peers.

The domestically focussed mid-cap index advanced 0.1%.

JD Sports Fashion Plc added 1.9% as UBS also raised its price target on the stock of Britain's largest sportswear retailer after it bought Cosmos Sport S.A.

Building materials supplier SIG jumped 5.6% after it forecast full year underlying operating profit to be ahead of market estimates.

London Stock Exchange Group PLC fell 6% after the financial markets infrastructure provider warned supply chain shortages could affect the timing of its technology spending.

(Reporting by Bansari Mayur Kamdar; Editing by Anil D'Silva and Krishna Chandra Eluri, Editing by William Maclean)

By Bansari Mayur Kamdar and Devik Jain


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHINA EVERGRANDE GROUP -3.93% 2.2 End-of-day quote.-85.23%
FTSE 100 1.55% 7168.68 Delayed Quote.10.05%
WISE PLC -8.00% 747.4 Delayed Quote.0.00%
All news about FTSE 100
12:40pFTSE 100 Index Ends 1.55% Higher at 7168.68 -- Data Talk
DJ
12:09pFTSE Closes Up on Comments Suggesting New Covid-19 Variant Is Less Severe Than First Se..
DJ
09:19aWall Street Set for Rebound After Another Omicron Slump
MT
07:27aStocks Point Higher as US Equity Futures Post Pre-Bell Bounce; Europe, Asia Climb
MT
06:52aEuropean Bourses Rebounding Midday as Traders Bargain-Hunt
MT
11/30European Stocks End Lower Amid Concerns of Vaccine Efficacy Against New COVID-19 Varian..
MT
11/30FTSE 100 Index Ends the Month 2.46% Lower at 7059.45 -- Data Talk
DJ
11/30FTSE 100 marks worst month in over a year on Omicron hit
RE
11/30FTSE Closes Down as Omicron Variant Sparks Volatility
DJ
11/30Wall Street Set to Open in Red Territory as Omicron Risks Hit Sentiment
MT
More news
News of the index components FTSE 100
01:47pBP P.L.C. : Transaction in Own Shares
EQ
12:03pDS Smith Achieves Maximum Scores Across Several Categories in the S&P Global Corporate ..
BU
11:55aAstrazeneca To Scrap Plan For U.S. COVID Booster Study- Bloomberg News
RE
11:11aSSE : SSEN Distribution sets out ambitious £4bn plan to power communities to net zero
PU
11:06a#samecolonizersdifferentship.. Seismic Surveys On the Wild Coast..
AQ
10:31aBAE : U.S. Air Force collaboration on leading-edge enhancement to Compass Call Platform
PU
10:31aSSE : Outcome of Danish offshore wind project tender
PU
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
BT GROUP PLC 166.3 Delayed Quote.4.85%
INTERMEDIATE CAPITAL GROUP PLC 2185 Delayed Quote.4.55%
MONDI PLC 1791.5 Delayed Quote.4.19%
LONDON STOCK EXCHANGE PLC 6764 Delayed Quote.4.03%
GLENCORE PLC 369.8 Delayed Quote.3.56%
HARGREAVES LANSDOWN PLC 1327.5 Delayed Quote.-0.71%
PENNON GROUP PLC 1207 Delayed Quote.-1.47%
PEARSON PLC 582.2 Delayed Quote.-1.85%
CRODA INTERNATIONAL PLC 9816 Delayed Quote.-2.96%
OCADO GROUP PLC 1739.5 Delayed Quote.-3.12%
Heatmap :