FTSE 100 gains on upbeat AstraZeneca results

  • Reuters
  • Stock Market News
FTSE 100 gains on upbeat AstraZeneca results
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* FTSE 100 up 0.2%, FTSE 250 flat

Feb 11 (Reuters) - London's FTSE 100 gained on Thursday boosted by drugmaker AstraZeneca's upbeat quarterly results and as information group Relx planned to raise its dividend.

COVID-19 vaccine maker AstraZeneca AZN.L rose 1.1% and was the top boost to the FTSE 100 after it beat analyst's estimates for fourth-quarter product sales and also forecast revenue growth in 2021. blue-chip FTSE 100 index .FTSE rose 0.2%, with automakers .FTNMX3350 and mining stocks .FTNMX1770 leading gains. The mid-cap index .FTMC was flat.

Weighing on sentiment was a sharp drop in Britain's housing market in January as the country went back into a coronavirus lockdown and as a tax break for buyers neared its expiry, a survey showed. stocks .FTNMX3720 dropped 0.2%.

European information business provider Relx REL.L gained 1.2% after it said it planned to raise its dividend by 3% after predicting a return to pre-COVID-19 profit trends in 2021. Ted Baker TED.L plunged 6% after reporting a 47% fall in fourth-quarter revenue, as stores in Britain were shut during the latest coronavirus lockdown and due to weak demand during the Christmas season.

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