London is on the rise between book and retail

London folds, hopes of a Brexit deal cool

LONDON (awp / dpa) – The London Stock Exchange rose on Friday, supporting slightly better retail sales than expected in November and a slightly lower pound supporting multinational stocks.

The FTSE-100 key stock index rose 0.52% to close at 6:584.99 points around 08:50 GMT.

“Slow progress in negotiations for a post-Brexit trade deal weighs the pound,” said Richard Hunter, an analyst at Interactive Investor.

The British currency fell 0.26% to 35 1.3548 and the euro fell 0.18% to 90.51 pence.

In addition, investors welcomed lower-than-expected retail figures in November (-3.8%), with regulatory measures taken across the country to face the second wave of the month. New corona viruses.

PD (-0.40% to 138.00 pence): PT’s broadband network subsidiary OpenReach has announced it will create 2,500 direct jobs in the UK, or upgrade telecommunications infrastructure across the country to modernize, including with 5,300 suppliers.

Multinationals: The decline of the British currency automatically increases the earnings of multinational corporations outside the UK, once those revenues are converted into pounds. Rio Tinto – Benefited by a rise in copper prices – up 2.21% to 5,729.00 pence and Diageo up 1.31% to 2,977.00 pence.

ved / js / oaa

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About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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