London’s main stock index was close to its best session in weeks as investors took new Brexit news and the heavily weighted drugmakers posted gains.
The FTSE 100 index
rose 1.4% to 5,914.23 but was set at around 1.7% weekly loss. After hopping around in the Brexit headlines the pound
stabilizes at $ 1.2906 versus the dollar but faces a 1% loss for the week.
British Prime Minister Boris Johnson said on Friday the country must prepare for a no-deal Brexit after negotiations with the European Union this week failed to bring significant progress on an agreement.
“We knew before these statements that the UK and the EU would continue to talk and work towards an agreement. Boris wants to talk hard and ramp up [up] The “no deal” rhetoric, but it’s for the crowd – the conversation is ongoing, “said Neil Wilson, chief market analyst at Markets.com, in a message to clients.
Among the companies in motion stocks of International Consolidated Airlines
led the declines in London, falling nearly 3% after British Airways, which the company co-operates with several others, was hit by Data Watchdog with a record £ 20m fine Information Commissioner’s Office (ICO).
The fine stems from a cyberattack on British Airways in 2018 that went undetected in more than two months and resulted in the disclosure of the personal and financial information of more than 400,000 customers.
“Your failure to act has been unacceptable and has affected hundreds of thousands of people, potentially creating fear and distress. This is why we fined BA £ 20m – our largest to date, ”the ICO said.
However, the FTSE 100 was held up by gains on shares in drug maker GlaxoSmithKline
that rose almost 2% while relx
A provider of information-based analysis and decision-making tools rose 3% and the global information services group Experian
Under FTSE 250
Company, shares of J. D. Wetherspoons
down 17% after the pub owner said it resulted in a loss for fiscal 2020 and that like-for-like sales declined 11% in the first eleven weeks of fiscal 2021
fell sharply on Thursday after more than 2,000 jobs were at risk due to the COVID-19 pandemic restrictions.
Pubs and restaurants in the UK continue to suffer from pandemic business losses. London joined several other European cities this week faced with new coronavirus restrictionshow cases have risen.