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FTSE almost flat despite strong corporate results | 13 April 2021


13 April 2021 | 17:09pm
StockMarketWire.com - UK stocks ended the day barely changed on Tuesday after data showed the local economy grew modestly in February and investors globally remained wary of rising bond yields, tempering vaccine optimism.
At the close the benchmark FTSE 100 index was up just 2 points at 6,890 despite a wave of positive earnings reports and strong gains in consumer stocks.
UK gross domestic product rose 0.4% in the month of February, according to the Office for National Statistics, slightly below expectations of a 0.5% rise.
Food delivery company Just Eat Takeaway was the best performer on the FTSE, up 6.8% to £78.55 as it reported a 79% jump in orders in the first quarter, led by strong demand in the UK. ....

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FTSE 100 opens lower as UK growth slips; Burberry pleases | 12 March 2021


12 March 2021 | 09:13am
StockMarketWire.com - The FTSE 100 opened down by 26 points on Friday morning, as data showed the economy shrank in January, weighed down by a slump in trading activity with the EU.
The UK economy shrank by 2.9% in January, somewhat lower than the 4.9% drop many were anticipating, whilst UK imports and exports both fell by 19.3% in January
Yesterday, the FTSE 100 finished up around 11 points, despite hits to pharma-giant AstraZeneca, recovering in the afternoon what was lost in the morning after a sharp uptick at opening, closing in positive territory.
Homembuilder Berkeley said it remained on track to deliver annual profit similar to last year s, in line with guidance, as market fundamentals remained strong supported by low interest rates and an undersupply of homes. ....

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