UK Stocks Increase as FTSE 100 Shows Growth
The FTSE 100 Index closed up 0.21% at 7,441.72 on Thursday, with several key companies seeing significant increases in their stock value.
Among the FTSE 100 constituents, building materials and products company Melrose Industries PLC saw the largest increase, with shares rallying by 5.54%. This boost was followed by aerospace products and parts firm Rolls-Royce Holdings PLC, which saw a 4.24% increase. Multiutilities company National Grid PLC also experienced a rise of 2.22%, while publishing company RELX PLC and specialty retail firm DCC PLC rounded out the top five largest increases, with their stocks rallying by 2.20% and 2.17% respectively.
On the other end of the spectrum, containers and packaging company Smurfit Kappa Group PLC saw the largest decline among the FTSE 100 constituents, with shares falling by 3.79% on Thursday. Clothing retail firm JD Sports Fashion PLC and general mining company Anglo American PLC also experienced drops in their stock value, with decreases of 3.63% and 2.90% respectively. Food retail company Ocado Group PLC and life insurance business Prudential PLC rounded out the top five largest decreases, as their stocks fell by 2.79% and 2.67% respectively.
In currency news, the pound was down 0.19% against the dollar at $1.2483, and up 0.03% against the euro at €1.1664.
In the commodities market, Brent crude shed 0.1% to reach $90.48, while the yield on the 10-year gilt declined 9.170 basis points to 4.445%.
It is important to note that this article was auto-generated by an automation technology provider, using data from Dow Jones and FactSet.
More detail via MarketWatch here… ( Image via MarketWatch )
