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FTSE moves back into the black on positive US cues | 11 March 2021

11 March 2021 | 16:36pm StockMarketWire.com - A strong start to the trading day in the US helped the FTSE 100 erase its lunchtime losses to trade 0.2% higher at 6,736.96 by the close. At 4.30pm UK time the S&P 500 was up 1.4% to 3,954.48 as yesterdays weaker than expected inflation number and the passing of a big US stimulus package helped boost sentiment. Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to Covid costs, despite a rise in sales and...
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Mining sector helps FTSE make progress | 10 February 2021

10 February 2021 | 12:00pm StockMarketWire.com - The FTSE 100 made steady gains on Wednesday, up 0.3% to 6,548.39 by midday supported by strength in the mining sector as investors looked towards a recovery from the pandemic. Sentiment was also supported by the new record highs marked by US and Asian stocks overnight. Housebuilder Persimmon dipped 0.3% to £27.74 after it identified unsafe cladding materials in high-rise buildings and flagged a £75 million charge to pay for replacement work. Pe...
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