FTSE 100 in clever start to a week

Traders in LondonImage copyright
AFP

The UK’s benchmark share index headed aloft in early trade, with a brew of bonds ancillary a market.

The FTSE 100 index climbed 53.98 points, to 0.7%, to 7,517.52.

Top risers on a index enclosed medical products organisation Convatec, that rose 1.8%, while mining hulk Anglo American and Marks and Spencer were both adult 1.6%.

In a FTSE 250, Ocado jumped 7.6% on conjecture that a online grocer could turn a bid target.

Credit Suisse pronounced final week’s proclamation that Amazon was shopping Whole Foods increasing a odds of Ocado being a takeover target. Separately, analysts during Exane lifted their rating on Ocado to “outperform”.

Shares in womenswear sequence Bonmarche fell 2.6% after it reported a 40% tumble in annual profits.

The tradesman certified that a past year had been “more severe than we had expected”, with a marketplace strike by a multiple of rising prices and wages, doubt surrounding a Brexit referendum, and unseasonal weather.

On a banking markets, a bruise rose 0.2% opposite a dollar to $1.2797 and was 0.1% aloft opposite a euro during 1.1427 euros.

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Posted by on Jun 19 2017. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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