The FTSE 100 is called to open higher
(Picture: PA)The FTSE 100 was called to open higher on Thursday morning, adding to gains made yesterday.
London’s blue chip index yesterday closed 117.15 points higher at 6998.28, with Next among companies in demand after the high street chain said sales during the last eleven weeks have been materially ahead of our expectations.
Michael Hewson, chief markets analyst at CMC Markets said: “Concern that rising Delta infections might slow down the economic rebound, appear to have been put to one side for now, after a day of positive trading updates that showed company’s might be able to meet full year expectations on revenues and profits after all.”
The IG trading platform is calling the FTSE 100 up 10.2 points to 7018.4.
Updates due today include from Unilever, the consumer goods giant behind brands such as Ben & Jerry’s and Domestos, and British Gas-owner Centrica.
Elsewhere, a number of newspaper reports today point to disruption businesses are facing from the so-called ‘pingdemic’. More firms may outline how they are being impacted by staff getting pinged by the NHS Covid app.
