FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to benefit
Deliveroo leaps 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 healthcare 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 published its 11th consecutive winning session. The index likewise posted its longest winning streak because December 2019.
The midcap FTSE 250 acquired 0.6%.
Healthcare stocks acquired 1.1%, with AstraZeneca and GSK increasing the highest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by indications of alleviating U.S.-China trade stress recently. However, uncertainties about the worldwide trade war continued.
Entain completed up 6.8%, after the British gambling company's joint venture with MGM Resorts, BetMGM, swung to first-quarter profit in an e-betting surge.
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 tiniest amount given that October this month but stores expect conditions to aggravate next month, according to a study that showed issues about development and customer self-confidence.
Britain has actually proposed a of shared worths with the European Union that emphasises assistance for Ukraine's territorial stability, the Paris Climate Agreement and open and complimentary trade, according to a draft document seen by Reuters.
Although it does not discuss the Trump administration by name, numerous aspects of the text present a striking contrast to present U.S. policies.
Separately, trade ministers of UK and India began two days of talks to conclude more than 3 years of negotiations on a trade pact, under additional pressure to reach a deal because 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)