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FTSE 100 closes up 0.5% as US opens strongly on recovery optimism | 24 May 2021

24 May 2021 | 16:36pm StockMarketWire.com - Bolstered by a rally in oil and bitcoin and a strong open on Wall Street, the FTSE 100 closed Monday up 0.5% at 7,051.59. By 4.30pm UK time the S&P 500 in the US was up 1.1% at 4,200.50 amid increasing optimism over the recovery Cinema group Cineworld firmed 3.2% to 89.6p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of Peter Rabbit 2: The Runaway. Cineworld added that in the US, following t...
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Dovish ECB helps lift FTSE to solid gains | 22 April 2021

22 April 2021 | 16:39pm StockMarketWire.com - The FTSE 100 achieved solid gains on Thursday as the European Central Bank suggested it will maintain its support of the Eurozone economy. By the close the index was up 0.6% at 6,938.24. Stocks struggled for direction across the pond with the S&P 500 flat at 4,174.51 by 4.30pm UK. Pizza chain Dominos Pizza reported a strong first quarter with sales in its delivery business more than offsetting the lower sales from its -impacted collection business...
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FTSE almost flat despite strong corporate results | 13 April 2021

13 April 2021 | 17:09pm StockMarketWire.com - UK stocks ended the day barely changed on Tuesday after data showed the local economy grew modestly in February and investors globally remained wary of rising bond yields, tempering vaccine optimism. At the close the benchmark FTSE 100 index was up just 2 points at 6,890 despite a wave of positive earnings reports and strong gains in consumer stocks. UK gross domestic product rose 0.4% in the month of February, according to the Office for National S...
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FTSE opens 1.1% higher as global recovery hopes grow | 3 March 2021

3 March 2021 | 08:42am StockMarketWire.com - UK stocks opened more than 1% higher on Wednesday as progress on Covid vaccines and US stimulus continued to fuel hopes the global economy was on the mend. At 0825, the benchmark FTSE 100 index was up 70.78 points, or 1.1%, at 6,684.62. Insurance company Hiscox tumbled 13% to 856.79p after it swung to a $268.5 million annual pre-tax loss, driven by event cancellation and business interruption claims owing to the pandemic. Hiscox said it decided...
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UK stocks jump 1.6% on vaccine, stimulus hopes | 1 March 2021

1 March 2021 | 08:39am StockMarketWire.com - UK stocks opened substantially higher on Monday after Johnson & Johnsons single-dose Covid-19 vaccine was approved for use in the US. At 0823, the benchmark FTSE 100 index was up 104.78 points, or 1.6%, at 6,588.21. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Sentiment also was being buoyed by optimism US lawmakers will soon push through a huge stimulus package. In lo...
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