Travel stocks and retailers lift FTSE 100 to strongest session in 5-months



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Fashion retailer Next jumps on robust earnings

* Royal Mail drops to bottom of FTSE 100

* Survey shows UK recovery loses some pace

* FTSE 100 up 1.7%, FTSE 250 adds 1.9% (Updates to close)

By Shashank Nayar and Amal S

July 21 (Reuters) - Travel-related stocks and retailers helped London's FTSE 100 to record its strongest session in more than five months on Wednesday, while Next Plc was the top gainer after it raised its profit outlook following robust earnings.

The blue-chip index .FTSE ended 1.7% higher, with Compass Group CPG.L , International Consolidated Airlines ICAG.L , Whitbread WTB.L , and Rolls-Royce RR.L among the top gainers.

The domestically focussed mid-cap index .FTMC rose 1.9%, marking its best day since January 2020. The index was boosted by a 4.4% gain in travel sub-index .FTNMX405010 with Cineworld CINE.L , Carnival CCL.L , SSP Group SSPG.L , and EasyJet EZJ.L gaining between 4.3% and 7.5%.

Shares of the British fashion retailer NXT.L surged 7.5% after it said it had soundly beaten its expectations for full-price sales and, as a result, was increasing its profit forecast.

"We've seen the panic hit the market and then now we're are back to normal. Given the uncertainties around the economic recovery for the rest of the year, it pretty much assures the investors that central banks will remain cautious, cementing the hope that interest rate lifts are not going to happen next year," said Edward Moya, senior market analyst at OANDA.

The FTSE 100 has risen 8.3% so far this year, supported by cheap borrowing costs and optimism around economic re-opening, although a recent jump in COVID-19 cases, higher inflation levels and hawkish tone from central banks on tapering of interest rates have capped those gains.

A survey showed UK's economic bounce-back from lockdowns cooled in June despite a surge in business for the country's hospitality sector, echoing signs that the recovery has lost some of its pace.

Among other stocks, media group Future FUTR.L jumped 9.2% and was among the top boost to the mid-cap index after it said it expects its full-year profitability to be ahead of expectations.

Royal Mail Plc RMG.L dropped 2.7% to the bottom of the FTSE 100 after it said fewer parcels were being delivered to homes as pandemic restrictions eased across the country, even as it reported a 12.5% rise in first-quarter group revenue.

Private equity firm Bridgepoint BPTB.L up 29.1%, saw its value rise by more than a fifth on its London stock market debut.



FTSE 100 posts strongest session since Feb. 2021 Link



Reporting by Shashank Nayar and Amal S in Bengaluru; Editing
by Shailesh Kuber, Uttaresh.V and David Evans



Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Gumagamit kami ng cookies para mabigyan ka ng mahusay na karanasan sa aming website. Magbasa pa o palitan ang iyong cookie settings.

Babala sa Risk: Ang iyong kapital ay maaaring malugi. Ang mga produktong naka-leverage ay maaaring hindi para sa lahat. Tingnan ang aming Risk Disclosure.