• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
  • Home
  • Suppliers
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
No Result
View All Result
Procurement Nation
No Result
View All Result

FTSE 100 hits fresh 1-1/2 year high in upbeat start to the year

Mark White by Mark White
January 4, 2022
in Supply Chain
0


A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district. March 9, 2020. REUTERS/Toby Melville

Register now for FREE unlimited access to Reuters.com

  • Banks gain as bond yields rally
  • Airlines soar on Wizz Air’s positive December update
  • FTSE 100 up 1.3%, FTSE 250 adds 1.4%

Jan 4 (Reuters) – UK’s FTSE 100 rose on Tuesday in the first trading session of 2022 after its best annual gain in five years following signs the Omicron coronavirus variant was less likely to derail the global economic recovery.

The blue-chip FTSE 100 (.FTSE) gained 1.3% to hit new highs since February 2020, while the domestically focussed mid-cap index (.FTMC) advanced 1.4% in a catch-up rally after a long holiday weekend.

Financials led gains, with banking (.FTNMX301010) and life insurance (.FTNMX303010) stocks adding 3.6% and 1.6%.

Register now for FREE unlimited access to Reuters.com

“A higher rate cycle always calls for a better performance for the banks as it’s going to be helpful in their profits, especially their interest rate margins,” said Ipek Ozkardeskaya, senior analyst at Swissquote.

The yield on two-year British government bonds hit its highest since late October after Prime Minister Boris Johnson said new measures were not needed now to fight the Omicron variant.

UK’s airline stocks soared with Wizz Air (WIZZ.L), EasyJet (EZJ.L) and British Airways-owner IAG (ICAG.L) gaining between 7.5% and 10%, after Hungary-based Wizz Air reported strong load factor data.

The FTSE 100 gained 14.3% in 2021, recording its best annual performance since 2016, helped by gains in commodity-linked and industrial stocks. read more

British retailers (.FTNMX404010) gained 1.9%, tracking global sentiment, even though footfall in shops in the days after Christmas was 24.5% lower than the same week in 2019, Springboard analysts said. read more

British manufacturing grew slightly more quickly than originally thought in December and pandemic-related supply chain problems eased a bit, taking some of the heat out of rising input prices, a survey showed on Tuesday. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

UK factory activity growth revised up in December – PMI

Next Post

Deals of the day Mergers and acquisitions

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.

Next Post
U.S. imposes arms embargo on Cambodia over Chinese military influence

Deals of the day Mergers and acquisitions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result
  • Procurement
  • Supply Chain
  • Logistics
  • Science
  • Technology

© 2021 Procurement Nation - Supply Chain & Logistics News