FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to benefit
Deliveroo jumps 17% after DoorDash takeover proposition
FTSE 100 flat, FTSE 250 gains 0.6%
(Updates after markets close)
April 28 (Reuters) - British equities ended higher on Monday with heavyweight health care business leading gains in the benchmark index, while U.S. trade policy advancements stayed in focus.
The blue-chip FTSE 100 was nearly flat but posted its 11th consecutive winning session. The index likewise posted its longest winning streak given that December 2019.
The midcap FTSE 250 got 0.6%.
Healthcare stocks got 1.1%, with AstraZeneca and GSK improving the highest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by of reducing U.S.-China trade stress last week. However, uncertainties about the worldwide trade war continued.
Entain ended up 6.8%, after the British gambling firm's joint venture with MGM Resorts, BetMGM, swung to first-quarter earnings in an e-betting surge.
Deliveroo leapt 16.5%, leading the gains on the midcap index, after verifying on Friday that it had actually gotten a takeover proposal from U.S. peer DoorDash on April 5.
On the data side, British retail sales volumes fell by the smallest quantity since October this month however shops anticipate conditions to worsen next month, according to a study that reflected concerns about growth and consumer self-confidence.
Britain has actually proposed a broad declaration of shared worths with the European Union that stresses assistance for Ukraine's territorial stability, the Paris Climate Agreement and open and open market, according to a draft file seen by Reuters.
Although it does not mention the Trump administration by name, several components of the text provide a striking contrast to present U.S. policies.
Separately, trade ministers of UK and India began 2 days of talks to conclude more than 3 years of negotiations on a trade pact, under additional pressure to reach a deal due to the fact that of U.S. President Donald Trump's tariffs on exports to the U.S. (Reporting by Sanchayaita Roy and Ragini Mathur in Bengaluru; Editing by Varun H K, William Maclean)