×
23
Fashion Jobs
L'OREAL GROUP
Business Development Manager - l'Oreal International Distribution (Lid)
Permanent · Singapore
L'OREAL GROUP
Asst. Manager: Ecommerce Ops & Projects. Asean Oms Systems
Permanent · Singapore
L'OREAL GROUP
(Senior) Digital Project Manager-Apac IT
Permanent · Singapore
L'OREAL GROUP
Head of Digital And E-Commerce
Permanent · Singapore
L'OREAL GROUP
Key Account Manager, Hyper/ Supermart
Permanent · Singapore
L'OREAL GROUP
2021 Marketing (Trade/Retail/Operational) Apprentice
Permanent · Singapore
ESTÉE LAUDER COMPANIES
Regulatory Affairs Manager, Travel Retail Apac
Permanent · Singapore
L'OREAL GROUP
2021 Project Management Apprentice
Permanent · Singapore
L'OREAL GROUP
2021 E-Merchandising Apprentice
Permanent · Singapore
L'OREAL GROUP
Travel Retail Apac 2021 Management Trainee Program - Singapore
Internship · Singapore
L'OREAL GROUP
Research & Innovation Intern
Internship · Singapore
L'OREAL GROUP
2021 E-Commerce Revenue Growth Management Apprentice
Permanent · Singapore
L'OREAL GROUP
2021 Merchandising Apprentice
Permanent · Singapore
LULULEMON
Key Leader | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Educator | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Assistant Manager | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Assistant Manager | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Educator | Singapore Marina Bay Sands
Permanent · Singapore
By
Reuters API
Published
Nov 20, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

London stocks rise on upbeat retail sales data

By
Reuters API
Published
Nov 20, 2020

London stocks inched higher on Friday as upbeat retail sales data, the prospect of easing coronavirus restrictions and hopes for a vaccine set the benchmark indexes on course for their third straight week of gains.




The blue-chip FTSE 100 index rose 0.5%, boosted by aero and pharmaceutical stocks, with energy and mining shares also tracking commodity prices higher.

The domestically focused mid-cap FTSE 250 added 0.2%, led by travel and leisure and retailer stocks.

Official data showed British retail sales rose a higher-than-expected 1.2% in October, ahead of the recent restrictions. A Reuters poll found Britain is on course for a double-dip recession as a result of the renewed lockdown measures.

"The question now is whether the retail sector can pull off an equally rapid rebound after this second lockdown," ING economist James Smith said.

"The answer, we suspect, is mixed."

Meanwhile, UK Health Secretary said Britain may allow a Christmas period with less stringent restrictions as there were signs that domestic coronavirus cases were starting to flatten as a result of the current lockdowns.

Uncertainty over Brexit negotiations has also capped gains on the FTSE 100 this week following a jump of about 13% in the past two weeks.

A senior EU diplomat told envoys in Brussels that an agreement with Britain was very close on most issues, but differences persisted over fishing rights, guarantees of fair competition and ways to solve future disputes.

Among other stock movers, Sage Group Plc tumbled 11.4% after the software firm reported a 3.7% drop in full-year organic operating profit.

British Land fell 1.1% after Barclays cut its target price on the stock.
 

© Thomson Reuters 2020 All rights reserved.

Tags :
Others
Business