* AstraZeneca marks strongest close ever
* Midcaps index supported by media house Future
* UK homebuilders supported by report of mini housing boom
* BHP Group flat ahead of quarterly production data
(Updates to close)
By Ambar Warrick and Sagarika Jaisinghani
July 20 (Reuters) - The British blue-chip index ended down on Monday with energy stocks tracking a decline in oil prices, while AstraZeneca marked its strongest close ever on optimism over its COVID-19 vaccine.
Heavyweight drugmaker AstraZeneca AZN.L helped cap some losses, rising 1.5% after data showed its experimental COVID-19 vaccine was safe and produced an immune response in early-stage clinical trials in healthy volunteers. the stock ended largely off an intra-day record high hit in anticipation of its announcement.
The mid-cap FTSE 250 .FTMC closed 0.2% higher, propped up by Future PLC FUTR.L . The media firm surged more than 15% after it forecast annual performance to be at the top end of market expectations. the (steep rise) from March lows, markets need another dose of positive news to keep the rally going, but given the many uncertainties ahead, the risks seem tilted to the downside," said Hussein Sayed, market strategist at FXTM.
The FTSE 100 has bounced about 27% following a coronavirus-driven crash in March, but the pace of gains has slowed since June amid fears of a slower-than-expected global economic recovery.
A recent survey showed that nearly half of Britain's biggest companies think they will take until the second half of 2021 before businesses recover from the pandemic. individual movers for the day, Marks and Spencer MKS.L , one of Britain's best known high-street names, fell slightly on a report that it planned to announce hundreds of job cuts in the coming week. Group BHPB.L , the world's largest miner by market capitalization, ended flat ahead of its quarterly production results.
Homebuilders .FTNMX3720 gained about 0.8% as a report said a mini housing market boom was gathering pace after a tax cut by finance minister Rishi Sunak.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.