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FTSE finishes back in the green despite lockdown concerns, Next rises on better than expected festive sales

Despite the UK lurching back into an economically destructive lockdown, London’s FTSE 100 clawed back earlier losses to close 0.61% higher at 6,612.25 points on Tuesday. The blue chip benchmark’s resilience reflected hopes for a swift vaccine rollout as well as a boost to sentiment from chancellor Rishi Sunak’s £4.6 billion relief package for the UK retail and hospitality ...

FTSE ends higher as miners rise, WH Smith ahead on cost cutting, bid buoys Hastings

UK stocks closed in positive territory on Wednesday, buoyed by strength in miners as the gold price continued to surge and with oil stocks in demand as crude prices broke higher following another significant drawdown in US weekly stockpiles. The benchmark FTSE 100 index closed up 68.72 points, or 1.14%, at 6,104.72. Motor insurer Hastings (HSTG) jumped 17.7% to 253p after it agreed to a bid ...

FTSE firms on virus slowdown hopes, embattled Cineworld rallies, Homeserve sees strong growth

London’s FTSE 100 made substantial gains in early trading on Tuesday, bid up 165.73 points or 2.97% to 5,748.12 amid continued hopes that the spread of coronavirus may be levelling out in major hotspots in Europe and the US. Embattled Cineworld (CINE) rallied 17.3% to 46.45p after the cinema operator suspended dividends in a bid to strengthen liquidity, having shuttered all its cinemas ...
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