23 February 2021 | 08:45am
StockMarketWire.com - UK stocks opened higher on Tuesday, even as the unemployment rate rose, as some large local companies released mixed earnings results.
At 0827, the benchmark FTSE 100 index was up 21.22 points, or 0.3%, at 6,633.46.
The rise marked a continuing of upward momentum from Monday afternoon after Prime Minister Boris Johnson unveiled a blueprint for lifting Britain s Covid-19 lockdowns
The UK unemployment rate rose to 5.1% in the three months through December, as expected, up from 5.0% previously.
Banking giant HSBC fell 1.9% to 423.6p as it reported a 34% drop in annual profit owing to higher credit losses and lower interest rates.
Top UK Stocks to Watch: IHG experiences ‘most challenging year’ ever
Joshua Warner February 23, 2021 8:59 AM
InterContinental Hotels Group suffers during lockdown but is optimistic about the future, HSBC restarts dividends despite profits plunging during the pandemic, Aviva sells its French business, and Frasers Group writes down the value of its properties. Share:
Top News: IHG shares jump on hopes of strong recovery
InterContinental Hotels Group said revenue plunged and swung to a loss during the ‘most challenging year’ ever in 2020 because of the pandemic, limiting travel and appetite for hotel rooms, but said it was optimistic about its recovery prospects.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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