The FTSE 100, nearly 6,626.95 on Friday fell 0.0.54% following an early rise to 6,673.21. The indicator has been supported so far by oil prices following attacks on Saudi facilities.
“FTSE 100 got off to a solid start in the week supported by the new benefits of oil from the backdrop of attacks on Saudi facilities over the weekend,” said AJ Bell Investment Director Director.
“This lifts index heavyweight BP and Royal Dutch Shell as the black traded above $70 per barrel for the first time since January 2020, when tensions between Iran and the US were escalating rapidly. It was done.”
“The only problem is that oil rises only add to the main concerns of dogs in the market: risk of runaway inflation and the resulting increase in interest rates,” Mold said.
“Another important driver of this morning’s positive sentiment is also a double-edged sword with news that the US has approved the much-anticipated $1.9 trillion stimulus package, which is also the main catalyst for price rises. It’s seen,” Mold said.
FTSE 100 Top Moving Company
Pearson (3.32%), Lloyds (2.64%) and Pershing Square Holdings (2.47%) are the top movers of Mondays for the FTSE 100 so far.
The London Stock Exchange Group (-5.15%), Ocado Group (-4.24%) and BT Group (-3.59%) were the biggest waterfalls of the day.
Phoenix Group
The Phoenix Group reported a significant increase in operating profit for 2020, saying it is in a strong position to leverage the driving forces of key industries of growth.
The FTSE 100 company confirmed operating profit of £1.2 billion, up from £810 million the previous year.
Pearson
Pearson confirmed Monday that it will maintain its annual dividend as education companies expect to recover after sales hits during the pandemic.
The FTSE 100 company is offering a final dividend of 13.5p per share. This brings the full year figure to 19.5p, along with 2019.
