ANL 10.59 Increased By ▲ 0.14 (1.34%)
ASC 9.47 Decreased By ▼ -0.34 (-3.47%)
ASL 10.95 Decreased By ▼ -0.70 (-6.01%)
AVN 69.20 Decreased By ▼ -0.16 (-0.23%)
BOP 5.86 Decreased By ▼ -0.08 (-1.35%)
CNERGY 5.14 Decreased By ▼ -0.01 (-0.19%)
FFL 6.76 Decreased By ▼ -0.19 (-2.73%)
FNEL 5.91 Decreased By ▼ -0.07 (-1.17%)
GGGL 11.18 Decreased By ▼ -0.11 (-0.97%)
GGL 15.00 Decreased By ▼ -0.13 (-0.86%)
GTECH 8.69 Decreased By ▼ -0.11 (-1.25%)
HUMNL 6.30 Increased By ▲ 0.03 (0.48%)
KEL 2.49 No Change ▼ 0.00 (0%)
KOSM 2.92 Increased By ▲ 0.08 (2.82%)
MLCF 26.50 Decreased By ▼ -1.11 (-4.02%)
PACE 3.00 Decreased By ▼ -0.05 (-1.64%)
PIBTL 5.85 Decreased By ▼ -0.10 (-1.68%)
PRL 15.80 Increased By ▲ 0.47 (3.07%)
PTC 7.35 Increased By ▲ 0.05 (0.68%)
SILK 1.37 Increased By ▲ 0.04 (3.01%)
SNGP 25.90 Increased By ▲ 0.09 (0.35%)
TELE 10.22 Decreased By ▼ -0.03 (-0.29%)
TPL 8.70 Increased By ▲ 0.03 (0.35%)
TPLP 15.38 Increased By ▲ 0.29 (1.92%)
TREET 28.10 Decreased By ▼ -0.50 (-1.75%)
TRG 76.58 Increased By ▲ 1.88 (2.52%)
UNITY 21.49 Decreased By ▼ -0.70 (-3.15%)
WAVES 12.90 Decreased By ▼ -0.15 (-1.15%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.79 Decreased By ▼ -0.02 (-0.42%)
BR100 4,156 Decreased By -47.4 (-1.13%)
BR30 14,530 Decreased By -23 (-0.16%)
KSE100 41,950 Decreased By -489.9 (-1.15%)
KSE30 15,903 Decreased By -190.3 (-1.18%)

LONDON: London’s FTSE 100 rebounded on Wednesday, supported by positive earnings updates from companies including Diageo, while stronger than expected monthly GDP data bolstered optimism about a sharp recovery from the pandemic-driven slump.

The blue-chip index rose 0.8% after slumping 2.6% in the previous session. Spirits maker Diageo climbed 3.4% after it forecast organic operating profit growth of at least 14% in its current fiscal year and restarted its capital return programme.

Spirax-Sarco Engineering gained 1.9% as JP Morgan raised its price target on the stock after an upbeat trading update from the valve maker.

Official data showed Britain’s economy shrank by a less than feared 1.5% in the first quarter, when the country was under a third lockdown. In March, the economy grew by 2.1% from February led by the retail sector.

The FTSE 100 has gained about 8.4% year-to-date on optimism that speedy COVID-19 vaccinations and constant policy support from the government would drive a stronger economic recovery. The domestically focused mid-cap FTSE 250 index fell 0.3%.

UDG Healthcare jumped 20.7% after private equity firm Clayton, Dubilier & Rice (CDR) agreed to buy the pharmaceuticals services company for 2.6 billion pounds ($3.7 billion).

However, London-listed shares of Just Eat Takeaway.com NV slipped 8.3% to the bottom of the FTSE 100 index after rival food delivery firm Delivery Hero announced a launch of operations in Berlin.

Comments

Comments are closed.