AGL 5.50 Decreased By ▼ -0.10 (-1.79%)
ANL 8.62 Decreased By ▼ -0.28 (-3.15%)
AVN 75.84 Decreased By ▼ -1.14 (-1.48%)
BOP 5.18 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.51 Decreased By ▼ -0.14 (-3.01%)
EFERT 81.09 Decreased By ▼ -0.13 (-0.16%)
EPCL 49.94 Decreased By ▼ -0.09 (-0.18%)
FCCL 12.51 Decreased By ▼ -0.65 (-4.94%)
FFL 5.52 Decreased By ▼ -0.18 (-3.16%)
FLYNG 6.87 Decreased By ▼ -0.23 (-3.24%)
FNEL 4.63 Decreased By ▼ -0.13 (-2.73%)
GGGL 8.53 Decreased By ▼ -0.27 (-3.07%)
GGL 14.22 Decreased By ▼ -0.38 (-2.6%)
HUMNL 5.58 Decreased By ▼ -0.09 (-1.59%)
KEL 2.62 Decreased By ▼ -0.01 (-0.38%)
LOTCHEM 27.98 Decreased By ▼ -0.67 (-2.34%)
MLCF 23.68 Decreased By ▼ -1.01 (-4.09%)
OGDC 71.64 Decreased By ▼ -0.87 (-1.2%)
PAEL 15.33 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.11 (-2.21%)
PRL 15.80 Decreased By ▼ -0.40 (-2.47%)
SILK 1.04 Decreased By ▼ -0.03 (-2.8%)
TELE 8.92 Decreased By ▼ -0.28 (-3.04%)
TPL 7.04 Decreased By ▼ -0.21 (-2.9%)
TPLP 18.31 Decreased By ▼ -0.39 (-2.09%)
TREET 21.03 Decreased By ▼ -0.67 (-3.09%)
TRG 134.51 Decreased By ▼ -2.04 (-1.49%)
UNITY 16.57 Decreased By ▼ -0.45 (-2.64%)
WAVES 9.34 Decreased By ▼ -0.55 (-5.56%)
WTL 1.36 Decreased By ▼ -0.05 (-3.55%)
BR100 4,155 Decreased By -70.3 (-1.66%)
BR30 15,289 Decreased By -229.2 (-1.48%)
KSE100 41,613 Decreased By -537.4 (-1.28%)
KSE30 15,360 Decreased By -228.1 (-1.46%)
Follow us

LONDON: UK shares inched higher on Monday, supported by consumer staples and industrials stocks as the economic recovery gathered pace, while recruiter SThree rose after its performance returned to pre-pandemic levels in the first quarter.

The blue-chip FTSE 100 index climbed 0.4%, with consumer staples including Diageo Plc, Unilever Plc and Ocado Group being the biggest gainers on the index.

The FTSE 100 has rebounded more than 37% from a coronavirus-driven crash last year, but the pace of gains has slowed recently as investors fear a vaccine-led economic recovery could lead to higher inflation.

The domestically focused mid-cap FTSE 250 index rose 0.4%, led by gains in industrials stocks.

Food delivery company Deliveroo plans to sell around 1 billion pounds ($1.39 billion) of new shares in its upcoming initial public offering, expected to be the biggest London listing in more than seven years.

SThree rose 0.6%, after saying its first-quarter performance had returned to pre-pandemic levels and exceeded its expectations.

Flutter Entertainment, the world’s largest online betting group, jumped 6.9% to the top of blue-chip index, after saying it was considering listing a small shareholding of its US FanDuel business.

“The markets have not gotten over the inflation issue but they are not as worried about it as they were two weeks ago,” said Connor Campbell, an analyst at Spreadex.

“Whether that resilience will continue will be dependent on what the Fed says on Wednesday and then what the Bank of England says on Thursday.”

Comments

Comments are closed.

UK shares move higher

Russia to provide crude oil to Pakistan at discounted rates: Musadik Malik

ECC approves wheat import of 450,000MT from Russia

Time to 'say no' to cartels, says PM, as energy bill touches $27bn

Rupee falls 0.1% against US dollar

Pakistan 'confident' perpetrators of Kabul attack will be brought to justice

KSE-100 falls 1.28% as uncertainty of IMF review persists

Oil up 3% on OPEC+ output plans and price cap on Russian crude

Taliban acting defence minister holds talks with UAE president

Brave England seal memorable victory over Pakistan

Security forces kill five terrorists in North Waziristan IBO: ISPR