13 May 2021 | 08:39am
StockMarketWire.com - The FTSE 100 was under pressure in early trade Thursday, weighed down by a rout in US markets a day earlier, amid growing inflation worries.
The FTSE 100 was down 1.50% to 6,899.85 at 08:41.
Telecoms giant BT s share price fell 3.3% to 163.40p as it reported a fall in annual profit. Revenue was hurt by the impact of the Covid-19 pandemic on its consumer and enterprise businesses, the company said.
For the year through March 2021, pre-tax profit fell 23% to £1,804 million year-on-year as revenue slipped 7% to £21,331 million.
High-end fashion retailer Burberry resumed its full-year dividend after reporting a jump in profit as margins improved amid an accelerated recovery and a strong final quarter of the year.
13 May 2021 | 16:35pm
StockMarketWire.com - The FTSE 100 had regained a significant chunk of its earlier losses by the close as US stocks recovered. The index finished the day down 0.6% at 6,963.33.
By 4.30pm UK time the US S&P 500 was up 1.1% at 4,109.18.
The recent volatility in the tech sector made for a difficult backdrop for chip designer Alphawave to make its market debut though with the shares slumping 13.2% to 358p.
Telecoms giant BT s share price fell 6% to 159p as it reported a fall in annual profit. Revenue was hurt by the impact of the Covid-19 pandemic on its consumer and enterprise businesses, the company said.