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

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
SummaryChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 dips but still posts best week since April on vaccine hopes

11/13/2020 | 12:27pm EST
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

(Reuters) - London's FTSE 100 retreated on Friday on concerns over rising COVID-19 infections and as a stronger pound pressured exporters, although the index still logged its best weekly gain since April on hopes of an effective vaccine.

The blue-chip index closed 0.4% lower, as industrial stocks declined and currency moves weighed on big dollar-earnings stocks such as consumer staples.

British American Tobacco, Unilever Plc, Reckitt Benckiser and Diageo Plc fell between 0.5%-1.6%.

The domestically-focused mid-cap FTSE 250 index ended 0.2% lower.

"After the vaccine-infused euphoria at the start of the week a dose of reality seems to have been administered to the market," said AJ Bell investment director Russ Mould.

"Clearly the COVID-19 crisis is not at an end despite the positive news announced by Pfizer and counterparts in Russia."

However, both the indexes posted their second straight week of gains, aided by new local stimulus measures and as U.S. drugmaker Pfizer Inc said on Monday its COVID-19 vaccine was 90% effective.

Meanwhile data showed Britain's COVID-19 reproduction "R" number has fallen to 1.0-1.2 and might be below 1 in some parts of the country in sign epidemic is slowing.

On the Brexit front, Britain and the European Union will resume trade talks in Brussels on Monday after so far failing to close gaps over competition rules and fisheries.

"Most think that talks realistically can't stretch much further without causing some degree of logistical problems," said James Smith, developed market economist at ING.

"That said, this is politics at the end of the day and neither side will want to be the one seen to end negotiations."

In company news, construction firm Galliford Try Holdings Plc surged 26.1% after forecasting a return to profitability in the first half of this financial year.

Premier Inn-owner Whitbread Plc rose 3.6% after Barclays upgraded the stock to "overweight", while Rolls-Royce jumped 4.1% after JP Morgan raised its target price on the stock.

(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V, Subhranshu Sahu, Kirsten Donovan)

By Devik Jain


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AJ BELL PLC -2.32% 441.5 Delayed Quote.1.85%
BARCLAYS PLC -3.56% 134.48 Delayed Quote.-8.43%
BRITISH AMERICAN TOBACCO PLC 1.74% 2778 Delayed Quote.2.79%
DIAGEO PLC -1.79% 2859.5 Delayed Quote.-0.87%
EURO / BRITISH POUND (EUR/GBP) -0.05% 0.8846 Delayed Quote.-0.93%
GALLIFORD TRY HOLDINGS PLC -1.54% 125.64 Delayed Quote.1.72%
MSCI UNITED KINGDOM (STRD, UHD) -1.50% 1053.257 Real-time Quote.3.71%
PFIZER INC. -2.87% 36.24 Delayed Quote.-1.55%
RECKITT BENCKISER GROUP PLC 0.91% 6434 Delayed Quote.-1.65%
ROLLS-ROYCE HOLDINGS PLC -1.31% 95.06 Delayed Quote.-14.46%
UNILEVER PLC -0.75% 4390 Delayed Quote.-0.34%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.04% 75.696 Delayed Quote.1.53%
WHITBREAD PLC -1.73% 2890 Delayed Quote.-6.77%
All news about FTSE 100 INDEX
01/26LONDON STOCK EXCHANGE : FTSE Russell considers ejection of five more Chinese fir..
RE
01/25LONDON STOCK EXCHANGE : London's FTSE 100 drops to near three-week low as virus ..
RE
01/22FTSE : Russell deletes CNOOC from global and China indexes due to U.S. ban
RE
01/21LONDON STOCK EXCHANGE : Energy stocks drag down FTSE 100, IG Group slides
RE
01/20LONDON STOCK EXCHANGE : Miners lead FTSE 100 higher on earnings cheer
RE
01/18LONDON STOCK EXCHANGE : Energy, travel stocks drag FTSE 100 down
RE
01/15LONDON STOCK EXCHANGE : FTSE 100 logs worst week since October-end on lockdown w..
RE
01/12LONDON STOCK EXCHANGE : London's FTSE 100 drops on coronavirus cases, stronger p..
RE
01/11LONDON STOCK EXCHANGE : FTSE 100 falls on COVID-19 risks; Signature Aviation sur..
RE
01/05FTSE : UK stocks gain on fresh stimulus; energy stocks lift FTSE 100
RE
More news
News of the index components FTSE 100 INDEX
12:51aIMPERIAL BRANDS : Lays Out Five-Year plan To Focus On Top Cigarette Markets
MT
12:13aGLAXOSMITHKLINE : GSK to Transfer Antigen Production for Malaria Vaccine to Indi..
MT
01/28PENNON GROUP PLC : Ex-dividend day for interim dividend
FA
01/27GLAXOSMITHKLINE : Eli Lilly, GSK and Vir Biotechnology Collaborate on Combining ..
MT
01/27RIO TINTO : Shakes Up Management, Organizational Structure
MT
01/27UK to Investigate Glencore on 2018 Wastewater Spill in Chad; Stock Down 7%
MT
01/27ASTRAZENECA : COVID-19 Vaccine Production Unaffected After Suspicious Package 'M..
MT
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Top / Flop FTSE 100 INDEX
PEARSON PLC 849.8 Delayed Quote.11.76%
HARGREAVES LANSDOWN PLC 1788 Delayed Quote.6.30%
THE BRITISH LAND COMPANY PLC 464 Delayed Quote.5.17%
OCADO GROUP PLC 2883 Delayed Quote.3.33%
LAND SECURITIES GROUP PLC 638.9 Delayed Quote.2.72%
AVEVA GROUP PLC 3720 Delayed Quote.-4.88%
EVRAZ PLC 491.8 Delayed Quote.-5.13%
ANGLO AMERICAN PLC 2354.5 Delayed Quote.-6.21%
GLENCORE PLC 237.8 Delayed Quote.-6.75%
FRESNILLO PLC 925.2 Delayed Quote.-13.29%
Heatmap :