Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Airlines take FTSE 100 higher; retailers lag

Published 01/10/2020, 04:20 PM
Updated 01/10/2020, 04:24 PM
Airlines take FTSE 100 higher; retailers lag
UK100
-
EZJ
-
0RYA
-
FTMC
-
ICAG
-
SDRY
-
BMEB
-
JOUL
-

(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.4%, FTSE 250 up 0.2%
* Ryanair gains after raising forecast, buoys rivals
* Retailers suffer on weak Christmas updates

Jan 10 (Reuters) - London's FTSE 100 gained on Friday as
airline stocks took off after Irish carrier Ryanair raised its
profit forecast and the broader sentiment improved as tensions
in the Middle East subsided.
The FTSE 100 .FTSE added 0.4%, led by easyJet EZJ.L and
British Airways owner IAG ICAG.L , which rose 6% and 4%,
respectively. Ryanair's London-listed shares RYA.L surged 9%
to their highest since June 2018. Retailers came under pressure, with Superdry SDRY.L
tanking 20% and Joules Group JOUL.L plummeting 33% to a life
low after both firms warned of a hit to annual earnings.
The FTSE 250 .FTMC gained 0.2%, but the bourse's advance
was limited by a 7% slide in retailer B&M BMEB.L after it said
sales growth slowed in the Christmas quarter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.