Following yesterday’s loss, the FTSE 100 fell 0.44% after a mild opening on Friday, leaving it in red for a week.
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“Since the beginning of June, Industry and miners have been one of the top risers, including Rio Tinto, who has made a small recovery after a downward trend. China has recently settled down a strong commodity price gathering. He said that metal reserves will be released to allow them to be freed, but this is generally heavy on the mining sector.”
The UK domestic focal point FTSE 250 moved up 0.2% to 22,570, as miners, industries and airlines gained favor with investors. Dr. Martens continued to slip after a major slump yesterday.
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FTSE 100 Top Mover
During the Friday morning session, Frezniro (2.29%), Halma (1.43%) and Renishaw (1.22%) were the top risers.
Tracking the FTSE 100 pack is Reckitt Benckiser (-2.49%), Johnson Matthey (-2.47%) and Tesco (-2.25%)
Tesco
Tesco slowed radical UK sales growth in the first quarter, as opposed to when many people rushed into supermarkets to bolster supplies for the first lockdown.
Sales for FTSE 100 companies rose 0.5% for the quarter ending in May, surpassing analysts’ forecasts of 1% decline. However, it was down much from the 8.8% growth rate in the previous quarter. Tesco said people are eating more meals at home than before the pandemic, and sales are on the rise.
