{"id":14465,"date":"2021-09-29T09:49:15","date_gmt":"2021-09-29T09:49:15","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/ftse-100-rises-as-next-upgrades-guidance-again\/"},"modified":"2021-09-29T09:49:15","modified_gmt":"2021-09-29T09:49:15","slug":"ftse-100-rises-as-next-upgrades-guidance-again","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/ftse-100-rises-as-next-upgrades-guidance-again\/","title":{"rendered":"FTSE 100 Rises As Next Upgrades Guidance Again"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks rose on Wednesday, with heavyweight banks and Astrazeneca leading the gainers list. <\/p>\n<p>The benchmark FTSE 100 climbed 62 points, or 0.9 percent, to 7,090 after ending half a percent lower on Tuesday. <\/p>\n<p>Banks advanced, with Lloyds Bank and Natwest Group rising around 2 percent. <\/p>\n<p>Wm Morrison Supermarkets gained 1.3 percent as the Takeover Panel established an auction procedure for the company. <\/p>\n<p>Drug maker AstraZeneca jumped 2.4 percent. The company said its newly acquired Alexion division will purchase the remaining equity in peer Caelum Biosciences in a deal that could be worth up to $500m.<\/p>\n<p>Clothing retailer Next added 2.4 percent. The company reported a swing to a pretax profit for the first half of fiscal 2022 and raised its full-year profit outlook for the fourth time in six months. <\/p>\n<p>BP Plc and Royal Dutch Shell were moving lower as oil extended declines on industry data showing U.S. crude oil, gasoline and distillate inventories unexpectedly rose last week.<\/p>\n<p>Royal Mail plunged 5.7 percent after UBS downgraded the stock to &#8220;sell&#8221; from &#8220;buy&#8221;.<\/p>\n<p>In economic releases, U.K. households&#8217; overall perception about financial wellbeing weakened in the third quarter despite the rise in household income from employment, data published by IHS Markit showed.<\/p>\n<p>The Scottish Widows household finance index fell to 44.0 in the third quarter from 44.7 in the second quarter.<\/p>\n<p>Separately, U.K. shop prices declined at a slower pace in September, data published by the British Retail Consortium revealed. <\/p>\n<p>The shop price index dropped 0.5 percent on a yearly basis in September after easing 0.8 percent in August. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Rises As Next Upgrades Guidance Again<\/a><br \/>\n<br \/>2021-09-29 09:49:15<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks rose on Wednesday, with heavyweight banks and Astrazeneca leading the gainers list. The benchmark FTSE 100 climbed 62 points, or 0.9 percent, to 7,090 after ending half a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=14465"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14466"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}