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 NewsOther languagesNews of the index componentsMarketScreener Strategies

Miners lead FTSE 100 higher on earnings cheer

01/20/2021 | 12:06pm EST
A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London

(Reuters) - UK's FTSE 100 rose on Wednesday as miners gained after a strong production forecast from BHP Group, while encouraging updates from luxury brand Burberry and education group Pearson drove optimism about the earnings season.

BHP Group Ltd climbed 2.8% after it forecast record iron ore production for fiscal 2021, helped by high prices for the commodity. Other miners Rio Tinto, Anglo American and Glencore rose more than 2%.

Global markets rallied in anticipation of more fiscal spending as Joe Biden prepared to take charge as the 46th U.S. president.

"There is a view in the markets that more spending is in the pipeline, after all, Mr Biden will want to start his presidency on a positive note," said David Madden, market analyst at CMC Markets UK.

The FTSE 100 index rose 0.4% and the domestically focussed FTSE 250 index added 1.4%.

The FTSE 100 has recorded consistent monthly gains since November after the sealing of a Brexit trade deal and hopes of a vaccine-led economic recovery, but has recently lost steam as tighter business restrictions sparked fears of a slow rebound.

Burberry rose 3.9% as it stuck to its full-year goals and said higher full-price sales would boost annual margins and Asian demand remained strong.

Global education group Pearson jumped 8.6% after its global online sales grew 18% in 2020, helped by strong enrolments in virtual schools.

WH Smith Plc surged 10.4% to the top of the FTSE 250 index as its trading during Christmas was ahead of its expectations.

(Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V, William Maclean)

By Shivani Kumaresan


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 1.46% 2841.5 Delayed Quote.15.78%
CMC MARKETS PLC 0.60% 416.5 Delayed Quote.10.23%
EURO / BRITISH POUND (EUR/GBP) 0.00% 0.86059 Delayed Quote.-3.21%
GLENCORE PLC -0.35% 302.5 Delayed Quote.30.71%
GLOBAL EDUCATION LIMITED 0.72% 49 Delayed Quote.-27.60%
PEARSON PLC -0.48% 752.6 Delayed Quote.8.44%
S&P UNITED KINGDOM (PDS) 0.48% 1323.47 Delayed Quote.2.47%
All news about FTSE 100 INDEX
02/22LONDON STOCK EXCHANGE : FTSE 100 slips, lockdown exit plan boosts travel stocks
RE
02/20LONDON STOCK EXCHANGE : FTSE Russell to include 11 stocks from China's STAR Mark..
RE
02/19LONDON STOCK EXCHANGE : FTSE 100 ends higher on improving economic activity; gai..
RE
02/18FTSE : 100 drops by most in three weeks as dour earnings, stronger pound weig..
RE
02/16LONDON STOCK EXCHANGE : FTSE 100 slips to snap three-day winning streak; miners ..
RE
02/12LONDON STOCK EXCHANGE : Healthcare stocks, recovery optimism push FTSE 100 highe..
RE
02/11LONDON STOCK EXCHANGE : FTSE 100 gains on upbeat Coca-Cola HBC outlook; Relx shi..
RE
02/10LONDON STOCK EXCHANGE : FTSE 100 retreats on stronger pound; Dunelm shines on di..
RE
02/08LONDON STOCK EXCHANGE : Miners, energy stocks push FTSE 100 higher; Arrow Global..
RE
02/04LONDON STOCK EXCHANGE : FTSE 100 slips as Unilever, Shell weigh; BoE cuts growth..
RE
More news
News of the index components FTSE 100 INDEX
12:19pSTANDARD CHARTERED : We've appointed Claire Dixon as Group Head, Corporate Affai..
PU
12:04pEuropean shares end higher on upbeat German data
RE
11:12aASTRAZENECA : First doses of the AstraZeneca vaccine have been delivered to Ghan..
AQ
11:07aCRODA INTERNATIONAL : Signatory to the "If Not Now, When?" campaign
PU
11:07aBARCLAYS : EG Group Tests Investors' Appetite for $2.1 Billion of Debt to Fund A..
MT
11:04aASTRAZENECA : First doses of the AstraZeneca vaccine have been delivered to Ghan..
AQ
10:56aASTRAZENECA : Johnson & Johnson's one-dose vaccine closes in on U.S. approval
RE
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | F100 | GB0001383545 | MarketScreener
Top / Flop FTSE 100 INDEX
Heatmap :