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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
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FTSE 100 opens higher as GDP recovers; Taylor Wimpey, Whitbread fall - Market Report

FTSE 100 opens higher as GDP recovers; Taylor Wimpey, Whitbread fall - Market Report

London's FTSE 100 made a strong start Wednesday, following up Tuesday's near 100-point gain after big rises in the US and Asia overnight.

The Footsie was up 51 at 8,352 in early trades with the mood helped by the UK economy returning to modest growth.

According to the Office for National Statistics, gross domestic product rose by 0.1% in November, after October’s surprise 0.1% contraction.

Services and construction output grew by 0.1% and 0.4% respectively, while the production sector contracted by 0.4% during the month.

On another big day also for company updates, Premier Inn owner Whitbread said sales had faltered recently in the UK though its German business was now going well. Shares eased lower.

Housebuilder Taylor Wimpey was another faller after cautioning cost pressures were mounting even though completions in the year just ended were at the top end of guidance.

Finally, spread better IG is buying commission-free trading platform Freetrade for £160 million to boost its retail market presence.

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