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London stocks gain on positive earnings; BoE meeting in focus

Published 02/04/2021, 04:21 PM
Updated 02/04/2021, 04:30 PM
© Reuters.
UK100
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RDSa
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BDEV
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ULVR
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BT
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FTMC
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FTNMX405010
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FTNMX551030
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 rises 0.2%, FTSE 250 adds 0.3%

Feb 4 (Reuters) - British shares rose on Thursday as a set
of positive earnings boosted hopes of an economic recovery, with
investors looking to Bank of England's policy meeting later in
the day.
The BoE is expected to keep its benchmark interest rate on
hold at 0.1% and refrain from a further increase in its
bond-buying programme, which has doubled over the past year.
The blue-chip FTSE 100 index .FTSE rose 0.2%, with travel
.FTNMX5750 and mining .FTNMX1770 stocks leading the gains,
while the mid-cap index .FTMC added 0.3%.
BT BT.L , Britain's biggest broadband and mobile operator,
climbed 2.7% and was the top gainer on the FTSE 100 index after
saying it remained on track for the year. Britain's biggest housebuilder Barratt BDEV.L rose 3.1% on
a near 2% increase in its first-half pretax profit, benefiting
from a rebound in demand.
Oil producing heavy-weight Royal Dutch Shell RDSa.L gained
0.3% after raising its first-quarter dividend, but its
fourth-quarter profit dropped 87%, dragged down by continued
weak energy consumption.
However, FMCG company Unilever ULVR.L dropped 3.6% even
after its fourth-quarter sales growth met estimates, buoyed by
strong demand in emerging markets.

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