Did recent earnings announcement push FTSE 100 higher? | UK NEWS 11 FEB

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Did recent earnings announcement push FTSE 100 higher? | UK NEWS 11 FEB

The London markets traded on a mixed note amid ongoing worries regarding the economic impact of prolonged Covid-19 lockdowns. FTSE 100 inched higher by around 0.21%, lifted by the positive corporate earnings and investor hopes on U.S. stimulus package. British retailer, Dunelm Group shares, went up by around 6.74% after it had resumed the interim dividend and reported an increase in its first-half profit driven by a boost in online sales, partially offset the temporary closure of stores.

Packaging company Smurfit Kappa Group shares surged by approximately 2.49% after it reported FY20 results. The Company had shown an increase of 8% in its final FY20 dividend, and it had repaid all the money received from various government schemes regarding Covid-19 pandemic.

Britain’s housebuilder Redrow had reported significant growth of 11% in its half-year profit. The Company had declared an interim dividend of 6 cents per share. However, the shares went down by about 3.76%.

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