The FTSE 100 experienced a positive trading day, closing up 0.6% at 8,463.5, reaching its highest level since early April. This marked its twelfth consecutive day of gains, the longest winning streak since 2017, as investors reacted to a series of corporate earnings reports.
- The FTSE 100 closed up 0.6% at 8,463.5, the highest since early April.
- The index recorded its 12th consecutive daily gain, its longest streak since 2017.
- Howden Joinery Group surged 4.6% after reporting a revenue increase.
- Entain rose 3% following a strong start to the year and a new CEO appointment.
- HSBC Holdings increased 2.6% after announcing a multibillion-dollar share buyback.
- AB Foods experienced the largest decline, falling 9.2% after reduced earnings guidance.
- BP saw a 2.4% drop following a significant decrease in net profit.
The day’s performance demonstrates a generally positive investor sentiment towards the FTSE 100, fueled by encouraging corporate earnings from some major players. However, not all companies performed well, as evidenced by significant drops in share price for others following less favorable reports. Overall, the market is driven by individual company performance and future outlook.