FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to profit
Deliveroo leaps 17% after DoorDash takeover proposal
FTSE 100 flat, FTSE 250 gains 0.6%
(Updates after markets close)
April 28 (Reuters) - British equities ended higher on Monday with heavyweight healthcare business leading gains in the benchmark index, while U.S. trade policy developments remained in focus.
The blue-chip FTSE 100 was almost flat however published its 11th consecutive winning . The index likewise posted its longest winning streak because December 2019.
The midcap FTSE 250 gained 0.6%.
Healthcare stocks acquired 1.1%, with AstraZeneca and GSK improving the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by indications of relieving U.S.-China trade tensions last week. However, unpredictabilities about the international trade war continued.
Entain completed up 6.8%, after the British gambling firm's joint venture with MGM Resorts, BetMGM, swung to first-quarter profit in an e-betting surge.
Deliveroo jumped 16.5%, leading the gains on the midcap index, after verifying on Friday that it had gotten a takeover proposition from U.S. peer DoorDash on April 5.
On the information side, British retail sales volumes fell by the tiniest quantity considering that October this month but shops anticipate conditions to worsen next month, according to a survey that reflected concerns about growth and customer self-confidence.
Britain has actually proposed a broad statement of shared worths with the European Union that stresses assistance for Ukraine's territorial stability, the Paris Climate Agreement and open and open market, according to a draft document seen by Reuters.
Although it does not point out the Trump administration by name, a number of elements of the text present a striking contrast to present U.S. policies.
Separately, trade ministers of UK and India began two days of talks to conclude more than 3 years of negotiations on a trade pact, under extra pressure to reach a deal due to the fact that of U.S. President Donald Trump's tariffs on exports to the U.S. (Reporting by Sanchayaita Roy and Ragini Mathur in Bengaluru; Editing by Varun H K, William Maclean)