It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

London open: Stocks edge up on vaccine optimism; Glencore rallies

Tue 16 February 2021 08:04 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7032.85 | Negative 10.76 (0.15%)
Graph

Prices delayed by at least 15 minutes

(Sharecast News) - London stocks edged higher on Tuesday as vaccine optimism and recovery hopes underpinned sentiment.

The FTSE 100 was 0.3% firmer at 6,775.66, while sterling was up 0.2% against the dollar at 1.3926.

Spreadex analyst Connor Campbell said: "If lacking the same hutzpah as on Monday, the European markets at the very least defended the week's peaks on Tuesday.

"The FTSE was the rare index to push forth after the bell; but, then again, its highs are recent not record. It was a fairly predictable start from the FTSE, following up Monday's blowout gains - spurred on by the UK speedily reaching a key milestone in the race to vaccinate the nation -with a timid, contemplative open."

In equity markets, miner Glencore rallied after its full-year adjusted earnings beat expectations and it reinstated its dividend.

Asia-focused banks HSBC and Standard Chartered were also on the front foot.

Serco surged after the outsourcer agreed to buy Whitney, Bradley & Brown, a provider of advisory, engineering and technical services to the US military, for $295m.

Rotork was also in the black after an upgrade to 'buy' at Jefferies.

Travel company TUI and cinema chain Cineworld were high risers, likely boosted by hopes that vaccines will allow a return to more normal life by spring.

On the downside, Australian mining giant BHP ticked lower even as it declared a record interim dividend after reporting a rise in profits driven by Chinese demand for iron ore.

Homeware retailer Dunelm slumped after deputy chairman Will Adderley sold 15m shares in the company - a stake of about 7.4% - at a 9% discount to the closing share price on Monday.

Market Movers

FTSE 100 (UKX) 6,775.66 0.29%

FTSE 250 (MCX) 21,480.14 0.29%

techMARK (TASX) 4,179.29 0.06%

FTSE 100 - Risers

HSBC Holdings (HSBA) 423.20p 3.11%

Glencore (GLEN) 289.50p 2.55%

Standard Chartered (STAN) 488.90p 1.62%

BP (BP.) 282.55p 1.31%

Rolls-Royce Holdings (RR.) 97.30p 1.27%

Prudential (PRU) 1,391.50p 1.24%

Croda International (CRDA) 6,700.00p 0.99%

Spirax-Sarco Engineering (SPX) 11,985.00p 0.88%

Land Securities Group (LAND) 639.90p 0.84%

Tesco (TSCO) 246.00p 0.68%

FTSE 100 - Fallers

Pearson (PSON) 763.00p -1.85%

Whitbread (WTB) 3,377.00p -1.69%

Compass Group (CPG) 1,472.50p -1.57%

Persimmon (PSN) 2,803.00p -1.23%

Taylor Wimpey (TW.) 166.70p -1.07%

InterContinental Hotels Group (IHG) 5,076.00p -0.94%

Fresnillo (FRES) 1,015.50p -0.83%

Kingfisher (KGF) 277.40p -0.79%

Just Eat Takeaway.Com N.V. (CDI) (JET) 7,778.00p -0.77%

Berkeley Group Holdings (The) (BKG) 4,364.00p -0.71%

FTSE 250 - Risers

Serco Group (SRP) 127.20p 6.27%

Rotork (ROR) 365.60p 5.24%

TUI AG Reg Shs (DI) (TUI) 359.30p 3.84%

Cineworld Group (CINE) 85.76p 3.68%

Safestore Holdings (SAFE) 808.00p 3.52%

Elementis (ELM) 128.80p 2.30%

Rank Group (RNK) 134.60p 2.28%

Hammerson (HMSO) 23.15p 2.21%

Avon Rubber (AVON) 3,200.00p 2.07%

Henderson Smaller Companies Inv Trust (HSL) 1,108.00p 2.03%

FTSE 250 - Fallers

Dunelm Group (DNLM) 1,277.00p -9.30%

Mitchells & Butlers (MAB) 337.00p -4.94%

Apax Global Alpha Limited (APAX) 210.00p -1.41%

Ninety One (N91) 235.00p -1.26%

Indivior (INDV) 142.30p -1.18%

Ibstock (IBST) 226.20p -1.14%

Trainline (TRN) 488.20p -1.05%

Ferrexpo (FXPO) 330.80p -1.02%

Vistry Group (VTY) 893.00p -1.00%

Investec (INVP) 218.60p -0.91%

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.