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 yesterday s 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 revenue for the high street supermarket chain. Its shares ticked dipped 1% to 175.25p.
Rolls Royce has said its performance in 2020 has been significantly affected by the Covid-19 pandemic as it reported a fall in revenue to £11.8 billion. It advanced 0.8% to 113.9p.
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.
Persimmon s review comes in the wake of the Grenfell Tower disaster in 2017, which saw a high-rise residential building catch fire, killing 72 people.
Permission had found 26 buildings that it had developed that may need work.