{"id":120828,"date":"2021-09-02T17:34:48","date_gmt":"2021-09-02T17:34:48","guid":{"rendered":"https:\/\/fin2me.com\/?p=120828"},"modified":"2021-09-02T17:34:48","modified_gmt":"2021-09-02T17:34:48","slug":"upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/","title":{"rendered":"Upbeat Melrose earnings lift FTSE 100; energy stocks gain"},"content":{"rendered":"

(Reuters) -The FTSE 100 rose on Thursday on an upbeat earnings report from Melrose Industries and as higher oil prices lifted energy stocks, although ex-dividend trading and losses in heavyweight Unilever capped gains.<\/p>

FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS\/Neil Hall\/File Photo\/File Photo<\/figcaption>

The blue-chip index closed up 0.2%, with engineering firm Melrose surging 7.2% to a more-than-four-month high after swinging to a first-half profit, helped by a recovery in its aerospace division.<\/p>\n

On the other hand, global miner BHP Group slid 5.6% to the bottom of index, while motor insurer Admiral Group slipped 1.9% as they traded ex-dividend.<\/p>\n

The FTSE 100 has risen more than 10% so far this year, boosted by strong corporate earnings and hopes of a strong vaccine-led economic recovery, but a global resurgence in coronavirus cases and fears of a tapering in global monetary policy have rekindled concerns about the pace of growth.<\/p>\n

Focus on Friday will be on the U.S. monthly jobs report, which could set the stage for the Federal Reserve\u2019s policy meeting later this month.<\/p>\n

\u201cThe market is waiting for this non-farm payrolls (data) that has potentially big market moving implications for the Federal Reserve,\u201d said Neil Wilson, chief market analyst at Markets.com.<\/p>\n

\u201cWith the Fed looking at the employment market more and more as its guide rather than inflation … you\u2019re getting to the point now where, because of the potential imminent taper, each jobs report becomes more and more important.\u201d<\/p>\n

The domestically focussed mid-cap index was down 0.1%, after notching a record closing high on Wednesday.<\/p>\n

Unilever Plc fell 2.1% as JP Morgan downgraded the Dove soap maker\u2019s stock to \u201cunderweight\u201d from \u201cneutral\u201d.<\/p>\n

CMC Markets sank 27.4% to the bottom of the index after the online trading platform slashed its annual earnings outlook.<\/p>\n

EnQuest fell 6.1% after the North Sea-focused oil producer forecast annual production at the lower end of its earlier outlook range.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -The FTSE 100 rose on Thursday on an upbeat earnings report from Melrose Industries and as higher oil prices lifted energy stocks, although ex-dividend […]<\/p>\n","protected":false},"author":3,"featured_media":120827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nUpbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -The FTSE 100 rose on Thursday on an upbeat earnings report from Melrose Industries and as higher oil prices lifted energy stocks, although ex-dividend [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-02T17:34:48+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/Upbeat-Melrose-earnings-lift-FTSE-100-energy-stocks-gain.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/\",\"url\":\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/\",\"name\":\"Upbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-09-02T17:34:48+00:00\",\"dateModified\":\"2021-09-02T17:34:48+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Upbeat Melrose earnings lift FTSE 100; energy stocks gain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Upbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/","og_locale":"en_US","og_type":"article","og_title":"Upbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me","og_description":"(Reuters) -The FTSE 100 rose on Thursday on an upbeat earnings report from Melrose Industries and as higher oil prices lifted energy stocks, although ex-dividend [...]","og_url":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/","og_site_name":"Fin2me","article_published_time":"2021-09-02T17:34:48+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/Upbeat-Melrose-earnings-lift-FTSE-100-energy-stocks-gain.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/","url":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/","name":"Upbeat Melrose earnings lift FTSE 100; energy stocks gain - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-09-02T17:34:48+00:00","dateModified":"2021-09-02T17:34:48+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/upbeat-melrose-earnings-lift-ftse-100-energy-stocks-gain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Upbeat Melrose earnings lift FTSE 100; energy stocks gain"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/120828"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=120828"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/120828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/120827"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=120828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=120828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=120828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}