Miners, AstraZeneca push FTSE 100 higher; Boohoo slumps

- Advertisement -


(For a Businesshala Live blog on the US, UK and European stock markets, click/ or type live/ in a news window)

- Advertisement -

* FTSE 100 up 0.3%, FTSE 250 up 0.4%

- Advertisement -

Sep 30 (Businesshala) – London’s FTSE 100 rose on Thursday, led by miners and AstraZeneca, while fashion retailer Boohoo fell to a 14-month low as it warned margins would be hurt by higher inflation.

The blue-chip FTSE 100 index rose 0.3%, with industrial miners, AstraZeneca and Diageo providing the biggest boost.

- Advertisement -

British online fashion retailer Boohoo fell 9.7% after it warned that freight inflation in its supply chain and higher wages for its distribution center staff would hit full-year profit margins.

Astrazeneca climbed 1% after a COVID-19 vaccine showed 74% efficacy in preventing symptomatic disease in a US trial.

The domestically focused mid-cap index advanced 0.4% after data showed UK GDP rose 5.5% in the second quarter, beating an initial estimate of 4.8% growth.

Among other stocks, biotech conglomerate Oxford Nanopore Technologies opened in its London listing at 550 pence per share, well above the offer price of 425 pence. (Reporting by Bansari Mayur Kamdar; Editing by Soumyadev Chakraborty)

.

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox