{"id":7972,"date":"2021-03-12T09:22:31","date_gmt":"2021-03-12T09:22:31","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/ftse-100-edges-lower-as-investors-digest-gdp-data\/"},"modified":"2021-03-12T09:22:31","modified_gmt":"2021-03-12T09:22:31","slug":"ftse-100-edges-lower-as-investors-digest-gdp-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/ftse-100-edges-lower-as-investors-digest-gdp-data\/","title":{"rendered":"FTSE 100 Edges Lower As Investors Digest GDP Data"},"content":{"rendered":"
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U.K. stocks were slightly lower on Friday as Treasury yields picked up again and official data showed the U.K. economy<\/span> contracted less than expected in January.<\/p>\n

GDP declined 2.9 percent on a monthly basis, reversing an expansion of 1.2 percent in December. However, this was slower than the 4.9 percent contraction economists’ had forecast.<\/p>\n

Another government report revealed that the visible trade gap narrowed to GBP 9.82 billion in January from GBP 14.3 billion in December.<\/p>\n

The benchmark FTSE 100 slid 0.1 percent to 6,728 after closing 0.2 percent higher the previous day. <\/p>\n

Luxury group Burberry surged nearly 9 percent. The company said it has continued to see a strong rebound since December and full-year figures will be ahead of expectations. <\/p>\n

Real estate investment trust Hammerson rallied 3.3 percent despite posting a \u00a31.7bn loss for last year.<\/p>\n

JD Sports Fashion was moving lower. The retailer of sports, fashion and outdoor brands has entered into a conditional agreement for the acquisition of 60 percent of Marketing Investment Group S.A. <\/p>\n

Berkeley Group shares slumped 5.4 percent. In a trading update, the housebuilder said that profits are set to flatline this year, in line with expectations. <\/p>\n<\/p>\n<\/div><\/div>\n