LONDON: Positive corporate earnings lifted the FTSE 100 on Wednesday, outweighing concerns about the economic impact of prolonged coronavirus-induced lockdowns, with homeware retailer Dunelm saying it would resume dividend payouts.
The homeware retailer also reported a higher first-half profit on strong online demand, sending its shares up 3%.
The blue-chip FTSE 100 was up 0.1%, with the financials sector tracking gains in Europe following upbeat earnings from Societe Generale.
The mid-cap FTSE 250 index, on the other hand, fell 0.1% to snap a seven-day winning streak, partly weighed down by a 3.9% decline for homebuilder Redrow, even as it reported a higher first-half profit.
In the UK, mining stocks were among the top gainers in morning trading, with Glencore, Rio Tinto and Anglo American all up more than 1%.
Insurer Lancashire rose 2.3% as it posted a surprise profit for the year.
Travel and leisure stocks led declines among FTSE subsectors as transport minister Grant Shapps said he couldn’t say whether people would be able to take holidays at home or abroad this year due to the pandemic.
Comments
Comments are closed for this article.