{"id":29396,"date":"2022-12-22T09:12:04","date_gmt":"2022-12-22T09:12:04","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/12\/22\/ftse-100-gains-led-by-banks-and-energy-stocks\/"},"modified":"2022-12-22T09:12:04","modified_gmt":"2022-12-22T09:12:04","slug":"ftse-100-gains-led-by-banks-and-energy-stocks","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/12\/22\/ftse-100-gains-led-by-banks-and-energy-stocks\/","title":{"rendered":"FTSE 100 Gains Led By Banks And Energy Stocks"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks were moving higher on Thursday, with banks and energy stocks leading the surge. <\/p>\n<p>Investors shrugged off data showing that the U.K. <span class=\"landLinks\">economy<\/span> contracted more than initially estimated in the third quarter, due to the downward revisions to industrial and construction output.<\/p>\n<p>The decline in gross domestic product was revised to -0.3 percent from -0.2 percent. The production-side breakdown showed that the marginal growth in services output was offset by declines in industrial production and construction.<\/p>\n<p>The benchmark FTSE 100 rose 37 points, or half a percent, to 7,534 after gaining 1.7 percent on Wednesday.<\/p>\n<p>BP Plc rose half a percent and Shell added 1 percent as oil extended gains for a fourth day running on data showing a larger than expected drop in U.S. crude inventories.<\/p>\n<p>BHP Group edged up slightly. The mining giant has entered into a Scheme Implementation Deed to buy Australia&#8217;s OZ Minerals Ltd. for a cash price of A$28.25 per OZL share.<\/p>\n<p>The Character Group, a designer, developer, and distributer of toys, games, and giftware, slumped 5.4 percent after posting a decline in earnings for the full year.<\/p>\n<p>600 Group shares plummeted 26 percent. The industrial laser systems <span class=\"landLinks\">business<\/span> reported that its first-half Group pre-tax loss was $1.45 million, compared to profit of $72 thousand last year. <\/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 Gains Led By Banks And Energy Stocks<\/a><br \/>\n<br \/>2022-12-22 09:12:04<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were moving higher on Thursday, with banks and energy stocks leading the surge. Investors shrugged off data showing that the U.K. economy contracted more than initially estimated in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":29397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-29396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/29396","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=29396"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/29396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/29397"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=29396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=29396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=29396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}