Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545

FTSE 100 INDEX

(F100)
SummaryChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

FTSE 100 dips but still posts best week since April on vaccine hopes

11/13/2020 | 12:27pm EST
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

(Reuters) - London's FTSE 100 retreated on Friday on concerns over rising COVID-19 infections and as a stronger pound pressured exporters, although the index still logged its best weekly gain since April on hopes of an effective vaccine.

The blue-chip index closed 0.4% lower, as industrial stocks declined and currency moves weighed on big dollar-earnings stocks such as consumer staples.

British American Tobacco, Unilever Plc, Reckitt Benckiser and Diageo Plc fell between 0.5%-1.6%.

The domestically-focused mid-cap FTSE 250 index ended 0.2% lower.

"After the vaccine-infused euphoria at the start of the week a dose of reality seems to have been administered to the market," said AJ Bell investment director Russ Mould.

"Clearly the COVID-19 crisis is not at an end despite the positive news announced by Pfizer and counterparts in Russia."

However, both the indexes posted their second straight week of gains, aided by new local stimulus measures and as U.S. drugmaker Pfizer Inc said on Monday its COVID-19 vaccine was 90% effective.

Meanwhile data showed Britain's COVID-19 reproduction "R" number has fallen to 1.0-1.2 and might be below 1 in some parts of the country in sign epidemic is slowing.

On the Brexit front, Britain and the European Union will resume trade talks in Brussels on Monday after so far failing to close gaps over competition rules and fisheries.

"Most think that talks realistically can't stretch much further without causing some degree of logistical problems," said James Smith, developed market economist at ING.

"That said, this is politics at the end of the day and neither side will want to be the one seen to end negotiations."

In company news, construction firm Galliford Try Holdings Plc surged 26.1% after forecasting a return to profitability in the first half of this financial year.

Premier Inn-owner Whitbread Plc rose 3.6% after Barclays upgraded the stock to "overweight", while Rolls-Royce jumped 4.1% after JP Morgan raised its target price on the stock.

(Reporting by Devik Jain in Bengaluru; editing by Uttaresh.V, Subhranshu Sahu, Kirsten Donovan)

By Devik Jain


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AJ BELL PLC -1.10% 449 Delayed Quote.3.58%
BARCLAYS PLC -2.66% 148.8 Delayed Quote.1.45%
BRITISH AMERICAN TOBACCO PLC -0.38% 2770 Delayed Quote.2.29%
DIAGEO PLC -0.77% 2903 Delayed Quote.0.87%
EURO / BRITISH POUND (EUR/GBP) 0.08% 0.88866 Delayed Quote.-0.60%
GALLIFORD TRY HOLDINGS PLC 0.08% 128 Delayed Quote.3.63%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
RECKITT BENCKISER GROUP PLC -0.82% 6274 Delayed Quote.-4.10%
ROLLS-ROYCE HOLDINGS PLC -0.61% 106 Delayed Quote.-4.81%
UNILEVER PLC 0.92% 4394 Delayed Quote.0.05%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.09% 73.245 Delayed Quote.-0.66%
WHITBREAD PLC -0.72% 3169 Delayed Quote.2.23%
All news about FTSE 100 INDEX
01/15LONDON STOCK EXCHANGE : FTSE 100 logs worst week since October-end on lockdown w..
RE
01/12LONDON STOCK EXCHANGE : London's FTSE 100 drops on coronavirus cases, stronger p..
RE
01/11LONDON STOCK EXCHANGE : FTSE 100 falls on COVID-19 risks; Signature Aviation sur..
RE
01/05FTSE : UK stocks gain on fresh stimulus; energy stocks lift FTSE 100
RE
01/04LONDON STOCK EXCHANGE : FTSE Russell cuts three more China firms from indexes af..
RE
2020LONDON STOCK EXCHANGE : FTSE 100 wraps up worst year since 2008 financial crisis
RE
2020FTSE : Russell to remove SMIC and Hikvision from China indexes
RE
2020LONDON STOCK EXCHANGE : British mid-caps end lower as Brexit talks stall; oil pu..
RE
2020LONDON STOCK EXCHANGE : FTSE 100 flat as Brexit worries weigh on pound; Broader ..
RE
2020LONDON STOCK EXCHANGE : FTSE Russell to drop eight Chinese firms after U.S. blac..
RE
More news
News of the index components FTSE 100 INDEX
06:21aINTERNATIONAL CONSOLIDATED AIRLINES : UK airports call for 'urgent' government ..
RE
05:45aGroceries Prove a Pandemic Bright Spot for BP and Shell
DJ
04:23aASTRAZENECA : India starts world's largest COVID-19 vaccination drive
AQ
01/15France's Total quits top U.S. oil lobby in climate split
RE
01/15UNITED UTILITIES : New measures brought in at Dove Stone to deter irresponsible ..
PU
01/15RIO TINTO : Resolution Copper project enters next phase of public consultation
BU
01/15ASTRAZENECA : Deutsche Bank Initiates Coverage on AstraZeneca With Buy Rating
MT
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | F100 | GB0001383545 | MarketScreener
Top / Flop FTSE 100 INDEX
AVEVA GROUP PLC 3805 Delayed Quote.6.97%
GLAXOSMITHKLINE PLC 1413.6 Delayed Quote.1.45%
PENNON GROUP PLC 964.8 Delayed Quote.1.30%
PERSIMMON PLC 2690 Delayed Quote.0.75%
NEXT PLC 8018 Delayed Quote.0.73%
KINGFISHER PLC 269.4 Delayed Quote.-3.65%
ANTOFAGASTA PLC 1514.5 Delayed Quote.-3.66%
DS SMITH PLC 386.5 Delayed Quote.-4.69%
JUST EAT TAKEAWAY.COM N.V. 88.78 Real-time Quote.-4.72%
ANGLO AMERICAN PLC 2663.5 Delayed Quote.-5.31%
Heatmap :