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Aug. 11, 2021, 10:56 a.m. EDT

London stocks press to levels not seen since early 2020

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By Barbara Kollmeyer

The leading U.K. stock market index gained on Wednesday and was sitting at levels not seen since early 2020, led by shares of drug company GlaxoSmithKline.

The FTSE 100 gained 0.7% to 7214.19, its fourth straight consecutive rise, while the British pound /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.4081% rose 0.15% to $1.3858.

The biggest gainers in the FTSE 100 were exchange operator London Stock Exchange Group /zigman2/quotes/206625606/delayed UK:LSEG +2.49% , which rose 3%, and retailer JD Sports Fashion /zigman2/quotes/207007202/delayed UK:JD +0.92% , which climbed 3.4%. Among the heavyweights, GlaxoSmithKline’s /zigman2/quotes/209463850/composite GSK +0.77% /zigman2/quotes/200381158/delayed UK:GSK -0.68% shares rose 1.1%.

Decliners included sports-betting group Entain /zigman2/quotes/207493593/delayed UK:ENT +0.37% and U.K. lender Lloyds Banking Group /zigman2/quotes/202285510/delayed UK:LLOY +0.31% /zigman2/quotes/200709414/composite LYG +2.36% .

Shares of Deliveroo /zigman2/quotes/225812915/delayed UK:ROO +2.82% fell over 3%, after the food-delivery company’s interim outlook disappointed. “As reflected in our guidance, whilst we expect that consumer behavior may moderate later in the year, we remain excited about the opportunity ahead and our ability to capitalize on it,” said Will Shu, founder and chief executive officer of Deliveroo, in a statement .

Still, there were positives such as the value and volume of orders coming ahead of what was expected for the first half, and its cash situation looks good, said AJ Bell financial analyst Danni Hewson, in a note to clients.

“News it had hired a prized Amazon executive in a top technology role and German rival Delivery Hero’s decision to take a sizable stake in the business have helped lift the share price and kick-start its rehabilitation and there is at least nothing in Deliveroo’s first-half results to undermine that process,” she said.

In the midcap FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX +0.71% , the biggest gainer was promotional merchandise company 4imprint /zigman2/quotes/207133667/delayed UK:FOUR -2.01% , which climbed 9%, and the largest midcap decliner was wealth-management company Quilter /zigman2/quotes/206003616/delayed UK:QLT +1.07% , which fell 6%.

/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.2445
-0.0051 -0.4081%
Volume: 0.0000
May 18, 2022 2:55a
loading...
/zigman2/quotes/206625606/delayed
UK : U.K.: London
7,324.00 p
+178.00 +2.49%
Volume: 367,319
May 17, 2022 4:35p
P/E Ratio
64.96
Dividend Yield
1.30%
Market Cap
£36.46 billion
Rev. per Employee
£289,755
loading...
/zigman2/quotes/207007202/delayed
UK : U.K.: London
131.85 p
+1.20 +0.92%
Volume: 6.39M
May 17, 2022 4:35p
P/E Ratio
15.92
Dividend Yield
0.22%
Market Cap
£6.74 billion
Rev. per Employee
£122,978
loading...
/zigman2/quotes/209463850/composite
US : U.S.: NYSE
$ 44.71
+0.34 +0.77%
Volume: 4.47M
May 17, 2022 4:00p
P/E Ratio
16.22
Dividend Yield
4.47%
Market Cap
$111.50 billion
Rev. per Employee
$552,510
loading...
/zigman2/quotes/200381158/delayed
UK : U.K.: London
£ 1,786.20
-12.20 -0.68%
Volume: 4.91M
May 17, 2022 4:35p
P/E Ratio
17.70
Dividend Yield
N/A
Market Cap
£91.00 billion
Rev. per Employee
£404,857
loading...
/zigman2/quotes/207493593/delayed
UK : U.K.: London
£ 1,372.50
+5.00 +0.37%
Volume: 1.06M
May 17, 2022 4:35p
P/E Ratio
32.54
Dividend Yield
N/A
Market Cap
£8.04 billion
Rev. per Employee
£149,879
loading...
/zigman2/quotes/202285510/delayed
UK : U.K.: London
43.80 p
+0.14 +0.31%
Volume: 142.70M
May 17, 2022 4:35p
P/E Ratio
5.87
Dividend Yield
4.57%
Market Cap
£30.22 billion
Rev. per Employee
£724,994
loading...
/zigman2/quotes/200709414/composite
US : U.S.: NYSE
$ 2.17
+0.05 +2.36%
Volume: 19.30M
May 17, 2022 4:00p
P/E Ratio
5.27
Dividend Yield
4.84%
Market Cap
$37.02 billion
Rev. per Employee
$997,086
loading...
/zigman2/quotes/225812915/delayed
UK : U.K.: London
£ 96.34
+2.64 +2.82%
Volume: 3.33M
May 17, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£1.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
20,065.59
+141.48 +0.71%
Volume: 268,115
May 17, 2022 4:57p
loading...
/zigman2/quotes/207133667/delayed
UK : U.K.: London
2,930.00 p
-60.00 -2.01%
Volume: 11,028
May 17, 2022 4:35p
P/E Ratio
49.85
Dividend Yield
1.15%
Market Cap
£839.76 million
Rev. per Employee
£475,870
loading...
/zigman2/quotes/206003616/delayed
UK : U.K.: London
127.70 p
+1.35 +1.07%
Volume: 2.57M
May 17, 2022 4:35p
P/E Ratio
33.61
Dividend Yield
4.39%
Market Cap
£1.97 billion
Rev. per Employee
N/A
loading...

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