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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window) Cineworld rises as crowds return to cinemas after UK
lockdown Kainos Group gains after posting surge in annual pretax
profit FTSE 100 up 0.3%, FTSE 250 adds 0.1%
May 24 (Reuters) - London s FTSE 100 edged higher on Monday
after posting its second straight weekly drop, while Cineworld
Group gained on reporting a strong weekend opening following a
months-long lockdown in the UK.
The blue-chip index rose 0.3% with oil majors BP
and Royal Dutch Shell, industrials
, and consumer staples stocks including Diageo
United KingdomIndustrials, oil stocks pull FTSE 100 higher; Cineworld shines
Devik Jain
3 minute read
Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls
London s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained on reporting a strong weekend opening following a months-long lockdown in the UK.
The blue-chip index (.FTSE) rose 0.3% with oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L), industrials (.FTNMX502050), and consumer staples stocks including Diageo (DGE.L) providing the biggest boosts.
The domestically focused mid-cap FTSE 250 index (.FTMC) advanced 0.1%. Cineworld (CINE.L) rose 2.8% after the world s second-largest cinema chain said its UK cinemas pulled in more people than expected, helped by Sony Pictures animated adventure comedy Peter Rabbit 2: The Runaway . read more
2 Min Read
(Reuters) -London’s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained following a strong weekend opening after a months-long lockdown in the UK.
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls
The blue-chip index rose 0.5% with consumer discretionary stocks, mainly Compass Group Plc, Flutter Entertainment and Entain rising between 2.2% and 2.7%.
Oil majors Royal Dutch Shell and BP were also among the biggest risers on the index, rising 9.8% and 4.2%, respectively. [O/R]
The domestically focused mid-cap FTSE 250 index advanced 0.4%. Cineworld rose 3.2% after the world’s second-largest cinema chain said its UK cinemas pulled in more people than expected, helped by Sony Pictures’ animated adventure comedy “Peter Rabbit 2: The Runaway”. [nL3N2NB1NG]
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