FTSE 100 rises ahead of PM press conference

UK stocks were reasonably high on Monday after the G7 summit ended with a pledge to continue to support the economy with investments up to pandemic subsidies.

Investors are waiting for a government decision on whether to delay the reopening of England from the third blockade.

Increasing infection of delta mutants Coronavirus, Prime Minister Boris Johnson will announce a four-week delay to end all legal blockade restrictions in the country.

The benchmark FTSE 100 rose 25 points (0.4%) to 7,160 after rising 0.7% on Friday.

Outsourcer Serco Group surged 4.6% after upgrading its profit guidance.

Luxury clothing retailer Ted Baker rose 4%. After reporting an increase in losses in 2021, the company said it was “extremely pleased” with Ted Baker’s performance since its reopening in April.

Royal Dutch Shell soared almost 2 percent, according to Reuters reports that energy giants are considering holding it in the largest oil field in the United States for a potential sale.

British Airways’ parent company IAG fell 2.4%, airline EasyJet fell 1.6%, and Wizz Air Holdings fell 1.1% for fear of delays in lifting the blockade.

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FTSE 100 rises ahead of PM press conference

Source link FTSE 100 rises ahead of PM press conference

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