Investing.com - Financial Markets Worldwide
🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Retailers, energy stocks push London stocks higher

Published 01/05/2021, 04:29 PM
Updated 01/05/2021, 04:30 PM
© Reuters.
UK100
-
MRW
-
FTMC
-
FTNMX601010
-
FTNMX404010
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 gains 0.4%, FTSE 250 up 0.1%

Jan 5 (Reuters) - British shares gained on Tuesday, led by a
jump in retail stocks following record grocery sales in
December, overshadowing risks arising from a fresh national
lockdown imposed to curb the spread of a new COVID-19 variant.
Prime Minister Boris Johnson said on Monday a new, more
contagious variant of the coronavirus was spreading at great
speed and immediate action was needed to slow it down.
The benchmark FTSE 100 index .FTSE gained 0.4%, with
general retailers .FTNMX5370 and energy stocks .FTNMX0530
gaining between 2% and 3%.
December was the busiest month ever for British supermarkets
as tightening COVID-19 restrictions and the closure of
restaurants, bars and cafés meant shoppers spent 11.7 billion
pounds ($15.9 billion) on groceries, industry data showed.

UK Finance Minister Rishi Sunak's plans to offer further
help to businesses struggling under the renewed COVID-19
restrictions also aided sentiment. The mid-cap index .FTMC was up 0.1%.
Morrisons MRW.L , Britain's fourth-largest supermarket
group, gained 0.2% after reporting a rise in underlying sales in
its latest trading period encompassing Christmas.

Latest comments

Install Our App
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.