Difference between revisions of "FTSE 100 Posts Longest Winning Streak In More Than 5 Years,"

Latest revision as of 16:05, 27 March 2026

Entain gains after BetMGM swings to profit


Deliveroo leaps 17% after DoorDash takeover proposal


FTSE 100 flat, FTSE 250 gains 0.6%


(Updates after markets close)


April 28 (Reuters) - British equities ended higher on Monday with heavyweight health care business leading gains in the benchmark index, while U.S. trade policy advancements stayed in focus.


The blue-chip FTSE 100 was nearly flat but posted its 11th consecutive winning session. The index likewise published its longest winning streak since December 2019.


The midcap FTSE 250 gained 0.6%.


Healthcare stocks gained 1.1%, with AstraZeneca and GSK enhancing the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.


Market belief was supported by of relieving U.S.-China trade tensions last week. However, uncertainties about the international trade war continued.


Entain ended up 6.8%, after the British betting firm's joint endeavor with MGM Resorts, BetMGM, swung to first-quarter profit in an e-betting rise.


Deliveroo leapt 16.5%, leading the gains on the midcap index, after confirming on Friday that it had gotten a takeover proposition from U.S. peer DoorDash on April 5.


On the information side, British retail sales volumes fell by the smallest quantity because October this month however shops expect conditions to get worse next month, according to a study that showed concerns about growth and customer self-confidence.


Britain has actually proposed a broad declaration of shared values with the European Union that emphasises support for Ukraine's territorial integrity, the Paris Climate Agreement and open and complimentary trade, according to a draft document seen by Reuters.


Although it does not point out the Trump administration by name, numerous elements of the text present a striking contrast to current U.S. policies.


Separately, trade ministers of UK and India started 2 days of speak with conclude more than 3 years of negotiations on a trade pact, under extra pressure to reach a deal because of U.S. President Donald Trump's tariffs on exports to the U.S. (Reporting by Sanchayaita Roy and Ragini Mathur in Bengaluru; Editing by Varun H K, William Maclean)