Signage seen outside the entrance of the London Stock Exchange August 23, 2018. — Reuters picLONDON, April 28 — London’s FTSE 100 climbed today, boosted by a series of positive earnings updates from companies, including Lloyds Banking Group and WPP, while investors awaited the outcome of the US Federal Reserve’s policy meeting.
The wider banking index also added 1 per cent, with Barclays and Natwest Group among the biggest gainers ahead of their earnings reports this week. “The economy did much better than I expected and this is also being reflected in earnings. It shows that consumers and businesses have clearly found the race around the economic restrictions,” said Stefan Koopman, a senior market economist at Rabobank.
Source: News Formal (newsformal.com)