How FTSE 100 performed after AstraZeneca quarterly earnings release? | UK Market Updates

The London markets traded on a mixed note as investors seek fresh catalysts like US jobless claims data and UK GDP data. FTSE 100 traded marginally higher by around 0.04%, driven by an impressive quarterly earnings report from drug-maker AstraZeneca.

Britain’s, Royal Mail shares, went up by around 4.61% after it had forecasted annual profits more than market expectations as the Covid-19 pandemic, boosted its parcel delivery demand and partially offset the temporary closure of stores. The shares were traded at its highest level since October 2018.

Covid-19 vaccine developer AstraZeneca had reported its FY20 results today. It had delivered a surge in final revenues, driven by the robust demand for its oncology drugs. The Company had anticipated growth in its 2021 revenues.

Fashion brand Ted Baker shares dropped by around 4.31% after the Company expected its UK stores to remain temporarily closed till May 2021 due to Covid-19 restrictions. It had reported a significant drop of 47% in the fourth-quarter revenue.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.