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FTSE 100 flat but poised for best month since April

Mark White by Mark White
August 31, 2021
in Supply Chain
0


FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson

(Reuters) – London’s FTSE 100 struggled for momentum on Tuesday as banks and Bunzl countered gains in miners, although solid earnings and easing fears about early tapering of central bank support kept the blue-chip index on course for its best month since April.

The FTSE 100 was flat, with miners gaining 1.4% on higher metal prices, while banks fell 1.6%. [MET/L]

Bunzl Plc slipped 2.6% after the business supplies distributor flagged supply chain disruptions, product shortages and a labour crunch in certain markets including Mexico, Australia and Britain.

The domestically focussed mid-cap index traded flat but was on course for its best monthly performance since December.

British Airways-owner IAG, Ryanair Holdings, Easyjet Plc and Wizz Air fell between 2.6% and 3% after European Union governments agreed on Monday to remove the United States from the EU’s safe travel list.

Reporting by Devik Jain in Bengaluru; Editing by Subhranshu Sahu



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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