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FUTR - Future News Story

3680p 74.0  2.1%

Last Trade - 21/09/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.35bn
Enterprise Value £4.61bn
Revenue £467.9m
Position in Universe 205th / 1783

UPDATE 1-Retailers, travel stocks push FTSE 100 higher; Next surges

Wed 21st July, 2021 9:42am
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Fashion retailer Next jumps on robust earnings * Royal Mail drops to bottom of FTSE 100 * Survey shows UK recovery loses some pace * FTSE 100 up 1.7%, FTSE 250 adds 1.6% (Updates prices, adds comment) By Shashank Nayar July 21 (Reuters) - London's FTSE 100 rose on Wednesday, led by retailers and travel stocks, while Next Plc was the top gainer after it raised its profit outlook following robust earnings. The blue-chip index .FTSE jumped 1.7%, with Compass Group CPG.L , International Consolidated Airlines ICAG.L , Whitbread WTB.L , and AB Foods ABF.L being among the top gainers. The wider retail sub-index .FTNMX404010 added 3.7% and led the climb among sectoral peers. The domestically focussed mid-cap index .FTMC rose 1.6%, boosted by a 3.8% climb in travel and leisure stocks .FTNMX405010 . Cineworld CINE.L , Carnival CCL.L , SSP Group SSPG.L , and EasyJet EZJ.L added 5%-10%. Shares of the British fashion retailer NXT.L surged 8.9% after it said it had soundly beaten its expectations for full-price sales and, as a result, was increasing its profit forecast. urn:newsml:reuters.com:*:nASN001GRK "Magic is already being spun by the act of re-opening... more journeys, more consumer spend, and a frankly sizzling housing market are adding to the pot," said Danni Hewson, analyst at AJ Bell. The FTSE 100 has risen 9.5% so far this year, supported by cheap borrowing costs and optimism around economic re-opening, although a recent jump in COVID-19 cases and higher inflation levels have capped those gains. A survey showed UK's economic bounce-back from lockdowns cooled in June despite a surge in business for the country's hospitality sector, echoing signs that the recovery has lost some of its pace. urn:newsml:reuters.com:*:nL8N2OW3WO Among other stocks, media group Future FUTR.L jumped 8% and was the top boost to the mid-cap index after it said it expects its full-year profitability to be ahead of expectations. urn:newsml:reuters.com:*:nASN001GRD Royal Mail Plc RMG.L dropped 1.9% to the bottom of the FTSE 100 after it said fewer parcels were being delivered to homes as pandemic restrictions eased across the country, even as it reported a 12.5% rise in first-quarter group revenue. urn:newsml:reuters.com:*:nL4N2OX1ET <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ FTSE 100 drops 2% since June as COVID cases spike https://tmsnrt.rs/3eGx7Gb ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Shashank Nayar in Bengaluru; Editing by Shailesh Kuber and Uttaresh.V) ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;)) (( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: HOT and GB Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EU Tokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))
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