FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to profit
Deliveroo jumps 17% after DoorDash takeover proposal
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 developments remained in focus.
The blue-chip FTSE 100 was nearly flat however posted its 11th consecutive winning session. The index likewise published its longest winning streak because December 2019.
The midcap FTSE 250 gained 0.6%.
Healthcare stocks gained 1.1%, with AstraZeneca and GSK boosting the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market belief was supported by indications of reducing U.S.-China trade tensions recently. However, unpredictabilities about the worldwide trade war continued.
Entain completed up 6.8%, after the British betting company's joint venture with MGM Resorts, BetMGM, swung to first-quarter profit in an e-betting rise.
Deliveroo leapt 16.5%, leading the gains on the midcap index, after confirming on Friday that it had actually received a takeover proposition 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 stores expect conditions to aggravate next month, according to a study that reflected concerns about growth and consumer confidence.
Britain has actually proposed a broad statement of shared worths with the European Union that stresses support for Ukraine's territorial integrity, the Paris Climate Agreement and open and open market, according to a draft document seen by Reuters.
Although it does not discuss the Trump administration by name, a number of components of the text provide a striking contrast to present U.S. .
Separately, trade ministers of UK and India began two days of talks to conclude more than three years of negotiations on a trade pact, under extra pressure to reach an offer 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)