Market Report - Close
London stocks finished comfortably above the waterline on Wednesday, boosted by a strong performance from the travel sector, as investors held their breath ahead of the latest policy announcement from the US Federal Reserve.
London stocks managed a positive finish on Tuesday, maintaining their momentum from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update.
London stocks closed well below the waterline on Monday, after a survey showed that business growth in the UK slid to an 11-month low in January, while growing tensions between Russia and Ukraine also weighed on sentiment.
London stocks fell at the end of the week amid investors' jitters around the prospects for policy tightening by the US central bank and after the Office of National Statistics reported that UK retail sales cratered at the end of 2021.
London's top-flight index was little changed at the end of the session on Thursday amid light profit-taking and alongside a small advance for Sterling, although some analysts in the City said that news overnight that China had cut lending rates was well-received.
London stocks managed a positive finish on Wednesday, lifted by well-received updates from the likes of Pearson and Burberry, as data showed UK inflation surging to its highest level in nearly three decades in December.
London stocks remained weaker by the close on Tuesday amid rising bond yields, as investors digested the latest UK jobs data.
London stocks closed above the waterline on Monday, with pharmaceuticals giant GlaxoSmithKline pacing the advance after it confirmed it had rejected an offer from Unilever for its consumer healthcare arm.
London stocks closed in the red on Friday, as investors weighed better-than-expected UK GDP data against slumps for industrial production and retail sales across the pond.
London stocks were in a mixed state by the close on Thursday, as investors digested a surprise jump in jobless claims across the pond, after a tsunami of corporate news earlier in the session.
London stocks closed above the waterline on Wednesday, as investors welcomed less hawkish comments from US Federal Reserve chair Jerome Powell.
London stocks were in negative territory at the close on Monday, with housebuilders under particular pressure as the bill for cladding repairs grew.
London stocks finished in a mixed state on Friday, as investors reacted to a US payrolls report that came in well and truly short of expectations.
London stocks closed in the red on Thursday, as investors digested an easing in service sector growth, as well as a surprise jump in initial jobless claims across the pond.
London stocks were in a mixed state at the close on Wednesday after a middling session, as investors closed their wallets ahead of the release of latest Federal Reserve minutes.
London stocks finished the first session of 2022 above the waterline on Tuesday, with travel shares pacing the gains as investors welcomed signs that Omicron was less severe than previous variants of Covid-19.
London stocks dipped on the final day of 2021 but were higher overall for the year, as investors continued to mull the impact of the Omicron Covid variant.
London stocks ended a little lower on Thursday, underperforming their European and US peers after hitting a 22-month high in the previous session.
London stocks ended firmly in the black on Wednesday, having hit their highest level since February 2020 amid hopes that Omicron will be less severe than previous Covid variants.
There was no fizz or sparkle on the last trading session before Christmas, with London stocks flat as a pancake as traders reached for the mince pies and bubbly.