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FTSE 100 closes up 0.5% as US opens strongly on recovery optimism | 24 May 2021


24 May 2021 | 16:36pm
StockMarketWire.com - Bolstered by a rally in oil and bitcoin and a strong open on Wall Street, the FTSE 100 closed Monday up 0.5% at 7,051.59.
By 4.30pm UK time the S&P 500 in the US was up 1.1% at 4,200.50 amid increasing optimism over the recovery
Cinema group Cineworld firmed 3.2% to 89.6p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of Peter Rabbit 2: The Runaway .
Cineworld added that in the US, following the opening of an additional 167 cinemas, over 97% of its cinemas had resumed operations.
IT provider Kainos fell 1.6% to £13.89, erasing earlier gains, as its annual profit more than doubled thanks to strong demand for digital transformation services. ....

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Dovish ECB helps lift FTSE to solid gains | 22 April 2021


22 April 2021 | 16:39pm
StockMarketWire.com - The FTSE 100 achieved solid gains on Thursday as the European Central Bank suggested it will maintain its support of the Eurozone economy. By the close the index was up 0.6% at 6,938.24.
Stocks struggled for direction across the pond with the S&P 500 flat at 4,174.51 by 4.30pm UK.
Pizza chain Domino s Pizza reported a strong first quarter with sales in its delivery business more than offsetting the lower sales from its -impacted collection business.
UK & Ireland system sales were up 18.7% to £371.3 million in the first quarter of the year, which was largely unaffected by the impact of Covid-19. Its share price fell 0.6% to 364.8p. ....

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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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