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FTSE 100 in a funk as sentiment turns and sterling advances | 18 February 2021


18 February 2021 | 12:04pm
StockMarketWire.com - The FTSE 100 saw losses deepen by lunchtime on Thursday as the positive sentiment from earlier in the week waned and sterling continued to make gains against the dollar and the euro.
By midday the index was down 0.8% to 6,654.57 with US futures markets indicating a modest slump when trading resumes later on.
Medical technology company Smith & Nephew fell 5.1% to £14.87 as it reported a 42% fall in trading profits as consequences of the pandemic lead to a decreased revenue across the group as well as lower gross margins.
Hays dipped 0.1% to 157.8p despite reporting a sharp fall in first-half profit. The recruitment company vowed to resume its dividend payments later this year in August, citing a stronger recovery in the second quarter. ....

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FTSE 100 sees profit taking as Covid concerns mount | 11 January 2021


11 January 2021 | 12:07pm
StockMarketWire.com - The FTSE 100 was firmly lower by lunchtime as investors paused for breath after the index enjoyed a heady first week of 2021, rising more than 6%.
By midday the FTSE was down 0.5% at 6,842.11, as concerns build over mounting Covid-19 infections and the possibility of even tighter restrictions.
Profits were also being taken in Bitcoin after an even more impressive start to the New Year. US futures pointed to modest losses on Wall Street too.
Shoe and sports apparel retailer JD Sports Fashion climbed 4.4% to 888.4p as it upgraded its profit outlook amid robust second-half demand, including during the key months of November and December. ....

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