A man takes part in a demonstration at the London stock exchange during an Extinction Rebellion protest in London, Britain April 25, 2019. — Reuters picLONDON, April 22 — British shares climbed today, boosted by industrials, although gains for the FTSE 100 index were capped by a fall in heavyweight energy shares as oil prices slipped on concerns over stalling fuel demand.
Information provider Relx gained 2.1 per cent, after it forecast that its three biggest divisions would help drive growth in underlying revenue and adjusted operating profit in 2021.Rentokil Initial declined 1.3 per cent after saying demand for its disinfection services, which helped first-quarter sales grow, is expected to unwind in the year.
“The underlying optimism about the reopening process is still intact... earnings news from our reporting season here, which is kind of winding down now, has been pretty good.” said Ian Williams, Peel Hunt’s economics & strategy research analyst. The FTSE 100 has gained ~7 per cent year-to-date on optimism that speedy Covid-19 vaccinations and constant policy support from the government would drive a stronger economic recovery from the pandemic-led downfall.
The looting continues
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