FTSE 100 gains, shrugs off rising infections, lockdowns in Europe

Thu, 25th Nov 2021

The FTSE 100 climbed on Thursday, shrugging off concerns about rising Covid-19 cases and lockdowns in Europe. At 10:05 the FTSE 100 was up 10 points to 7,296. Pub group Mitchells & Butlers reported narrower annual losses as the easing of pandemic restrictions and cost costs bolstered performance. Its shares rose 3.8% to 245 pence. Eco Animal Health fell 20% to 159.90 pence after reporting that profit slumped in the first half of the year following a fall in revenue in China amid in falling pig prices. Infrastructure group Hill & Smith fell 6.5% to £17.44 after reporting a rise in revenue in the four month period to 31 October 2021 as price increases helped offset rising costs amid supply chain headwinds. Asset management services company MJ Hudson rose 7.76% to 45.80 pence after reporting narrower annual losses as revenue recovered from the pandemic impact. Pharmaceutical development company Nuformix gained 27.6% to 1.85 pence after announcing ​positive data from a pre-clinical trial of its lead drug candidate to treat idiopathic pulmonary fibrosis. Agri-Services group Origin Enterprises was flat despite reporting a surge in revenue in the first quarter of the year, led by a rise in global fertiliser and feed prices. Hochschild Mining climbed 22% to 148.80 to 26.80 pence after saying that its mining operations in Peru would continue to operate under the current framework, after the government in Peru made a u-turn on plans to rule out timeline extensions for mines in Ayacucho amid environmental concerns. Story provided by StockMarketWire.co

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