Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Strong earnings drive FTSE 100 higher; midcaps underperform

Published 04/29/2021, 03:23 PM
Updated 04/29/2021, 03:30 PM
© Reuters.
UK100
-
SMWH
-
ULVR
-
SN
-
FTMC
-

(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 0.7%, FTSE 250 adds 0.2%

April 29 (Reuters) - London's FTSE 100 climbed on Thursday,
boosted by a series of positive earnings updates from companies,
including Smith+Nephew and Unilever , while a fall in shares of
WH Smith capped gains on the midcap index.
The blue-chip index .FTSE rose 0.7% with medical products
maker Smith+Nephew SN.L jumping 4.6% to the top of the index
after it reinstated its 2021 outlook following revenue growth in
first quarter. The index was also supported by Unilever ULVR.L , which
rose 3.5% after it beat quarterly sales forecasts, helped by a
pick up in home cooking during coronavirus lockdowns and a
strong economic recovery in China. The domestically focused midcap FTSE 250 index .FTMC
advanced 0.2%.
WH Smith SMWH.L slipped 4.6% after it warned of the
possible risk of breaching its covenant tests in 2022 and
launched a potential 325 million-pound ($450 million) bonds
offering as the retailer navigates the COVID-19 pandemic.

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.