FTSE 100 Update: FTSE Surpasses 7000, Rising 40% From 2020 Low
2021-04-19 10:08:00
Richard Snow,
Markets Writer
FTSE 100 Analysis:
Ocado Group is strong out of the gate after £10m investment in Oxbotica
IG Client Sentiment nearing 50/50 split providing mixed trading environment
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FTSE 100 Continues Bullish Run above ‘milestone’ 7000 mark
The FTSE 100 index breached 7000 on Friday with UK banking stocks Natwest and Barclays among some of the biggest movers. In early UK trading this morning, it is Ocado Group that leads the way after the online delivery service invested £10m in Oxbotica to develop autonomous vehicles for future deliveries. Demand for online purchases and doorstep deliveries have increases drastically during lockdown and are well positioned to thrive even after restrictions ease.