FTSE opens 0.3% lower on stronger pound; global Covid jitters | 26 April 2021

26 April 2021 | 08:30am
StockMarketWire.com - UK stocks opened lower on Monday as a strengthening pound put pressure on exporters, while rampant Covid-19 outbreaks in countries such as India and Brazil continued to temper global recovery hopes.
Sentiment, however, was at least being partly bolstered by some earnings upgrades from local mid- and small-cap companies.
At 0817, the benchmark FTSE 100 index was down 19.35 points, or 0.3%, at 6,919.21.
Educational publishing and services group Pearson gained 2.1% to 817.4p as its first-quarter sales grew 5% year-on-year, underpinned by online learning.
Pearson stuck to its previous annual guidance.
Publishing and events group Informa rose 1.4% to 557.8p following news that it had joined up with private equity firm Inflexion to acquire financial intelligence group Novantas.

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