London stocks are likely to break a three-week losing streak on Friday as stocks rose higher thanks to gains in pharmaceuticals and utilities.
The FTSE 100 index
rose 0.6% to 6,086.10, with gains for the week to Friday being 0.4% after falling 1.7% last week. The pound
was flat against the dollar at $ 1.2599.
and a gain of almost 3% for the national supply network
has helped to improve the main index FTSE 100.
While investors in the US continued to see rising coronavirus cases and worried about how this could slow the global economic recovery, the UK government announced on Thursday Lighten restrictions on leisure centers and gyms.
Gym Group PLC shares
Declined 1% despite the chain of gyms saying it would reopen 160 locations across England. The company also said that cancellations slowed down after a “significant number” of members did earlier in the ban.
Shares in Restaurant Group PLC
however fell 11%. A new poll The process, released by the National Statistics Office on Friday, found that 60% of UK respondents would feel uncomfortable or very uncomfortable with food, compared to only 21% who agreed.
And according to the latest status Coffer Peach Business Tracker (CPBT)In pubs and restaurants, trade dropped 45% on the last opening weekend. At the managed pubs and bars that opened, sales were 44.7% below the level before COVID compared to the same weekend in 2019 Press release.
“Trading around 55% of the pre-COVID standards appears to be a disappointing result and it will not be profitable for operators, but it is broadly what we have seen in other markets,” said Karl Chessell, director by CGA, the management consultancy that produces the tracker in collaboration with The Coffer Group and RSM.
Pub group shares Whitbreads PLC
and Marston’s SPS
increased by 2.6% or almost 5%.