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FTSE opens higher as Intercontinental Hotels pleases; HSBC disappoints | 23 February 2021


23 February 2021 | 08:45am
StockMarketWire.com - UK stocks opened higher on Tuesday, even as the unemployment rate rose, as some large local companies released mixed earnings results.
At 0827, the benchmark FTSE 100 index was up 21.22 points, or 0.3%, at 6,633.46.
The rise marked a continuing of upward momentum from Monday afternoon after Prime Minister Boris Johnson unveiled a blueprint for lifting Britain s Covid-19 lockdowns
The UK unemployment rate rose to 5.1% in the three months through December, as expected, up from 5.0% previously.
Banking giant HSBC fell 1.9% to 423.6p as it reported a 34% drop in annual profit owing to higher credit losses and lower interest rates. ....

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