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London stocks rise on upbeat earnings; Dunelm jumps

Published 02/10/2021, 04:16 PM
Updated 02/10/2021, 04:20 PM
© Reuters.
UK100
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SOGN
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RDW
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FTMC
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DNLM
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LRE
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ABNd
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.6%, FTSE 250 adds 0.4%

Feb 10 (Reuters) - UK stocks rose on Wednesday as a clutch
of positive corporate results helped outweigh concerns about the
economic impact from prolonged coronavirus-induced lockdowns,
with Dunelm jumping after saying it would resume dividend
payouts.
The homeware retailer DNLM.L also reported a higher
first-half profit on strong online demand, sending its shares
6.1% higher. The blue-chip FTSE 100 .FTSE was up 0.6% by 0806 GMT, with
the financials sector tracking gains in Europe after upbeat
earnings from Societe Generale SOGN.PA and Dutch bank ABN Amro
ABNd.AS . The mid-cap FTSE 250 index .FTMC rose 0.4% to
extend gains into an eighth straight session.
Asian stocks hit a record high earlier in the day on hopes
of more U.S. fiscal stimulus to boost economic growth.
MKTS/GLOB
Homebuilder Redrow RDW.L added 0.4% after reporting an 11%
rise in its first-half profit, while insurer Lancashire LRE.L
rose 2.3% as it posted a surprise profit for the year.

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