FTSE 100 closes up 0.9% amid US strength, falling pound

Fri, 23rd Jul 2021

A strong open on Wall Street and weakness in the pound helped the FTSE 100 extended gains on Friday afternoon. By the close the index was up 0.85% at 7,027.58 while the S&P 500 was up 0.9% to 4,406.12. Next week has plenty to occupy investors' thoughts including some big names reporting in both the UK and US and the latest decision from the US Federal Reserve on fiscal stimulus. Oncimmune, the immunodiagnostics group working to change how cancer is diagnosed and treated, has announced it has entered into a profiling contract with Dana-Farber (DF) Cancer Institute. It rose 5.6% to 179.5p. Vodafone, the FTSE 100 British multinational telecommunications company, has reported €9.4bn in service revenue for the first quarter of its financial year ending 20 June 2021, a 2.7% increase on the year. It advanced 2.7% to 119.2p. Brewin Dolphin, one of Britain's largest wealth management firms, reports discretionary net flows of £1.3bn in its Q3 results for the period ending 30 June 2021. It advanced 1.6% to 358.5p. Close Brothers has announced that Patricia Halliday has been appointed as an independent non-executive director of the company with effect from 1 August 2021. It advanced 1% to £15.33. Workspace, the provider of commercial business premises, has announced it has appointed Duncan Owen as a non-executive director of the company, effective 22 July 2021. It fell 1.5% to 835.5p. Premier Foods, the British food manufacturer headquartered in Hertfordshire, has today announced a 6.3% sales bump up compared to two years ago. It was up 3.4% to 108.6p. Hotel Chocolat Group, the premium British Chocolatier and multi-channel retailer, has announced that following placement of 11,267,605 shares, the company raised £40m to invest in development and to accelerate its 'digital-led' brand strategy. It advanced 4.2% to 375p. Story provided by StockMarketWire.com

FTSE 100 Latest