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19 April 2021 | 08:28am StockMarketWire.com - UK stocks made modest gains in early trading Monday as investors continue to bet on a global economic recovery while vaccine rollouts gather pace. At 0816, the benchmark FTSE 100 index was up 12.24 points, or 0.2%, at 7,031.77. Engineering group Melrose Industries edged up 0.1% to 179.1p, having agreed to sell its Nortek Air Management business to Chicago-based Madison Industries for around £2.62 billion ($3.625 billion). Melrose Industries said a portion of the proceeds would be returned to shareholders, without specifying how much. It also intended to use them to cut debt and contribute around £100 million to pension schemes. Gas company Energean fell 3.5% to 827p after it reported a widening of annual pre-tax losses to $113.6 million amid lower energy prices. ....
19 April 2021 | 16:41pm StockMarketWire.com - The FTSE 100 dipped a little as the afternoon wore on as sterling gained ground against the dollar, closing down 0.3% at 7,000.08. A stronger pound hits the relative value of the overseas earnings which dominate the index. Sentiment also wasn t helped by a weaker open on Wall Street as Covid-19 concerns mount again. By 4.30pm UK time the S&P 500 was down 0.5% to 4,163.67. Engineering group Melrose Industries fell 4.6% to 170.6p, having agreed to sell its Nortek Air Management business to Chicago-based Madison Industries for around £2.62 billion ($3.625 billion). Melrose Industries said a portion of the proceeds would be returned to shareholders, without specifying how much. It also intended to use them to cut debt and contribute around £100 million to pension schemes. ....
FTSE 100 consolidates its position above 7,000 | 19 April 2021 stockmarketwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmarketwire.com Daily Mail and Mail on Sunday newspapers.