How the London equities performed ahead of the UK budget announcement? | UK Market Updates

March 03, 2021 11:27 PM AEDT | By Team Kalkine Media

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The London markets traded in a green zone, reflecting positive investor confidence regarding a flurry of earning results. FTSE 100 traded higher by around 0.78%, driven by strong investor sentiments regarding the UK budget announcement. The UK Nationwide House Price Index had shown a surge of 0.7% during February 2021,

while it had shown a decline of 0.2% during January 2021. Britain’s Housebuilder Taylor Wimpey had resumed the dividend payments. Moreover, it expected the operating margin to fall between 18.5% and 19.0% during 2021. Meanwhile, the shares jumped by around 2.04%.

FTSE 100 listed, Intertek Group shares surged by approximately 0.80% after it said that the earning performance remained ahead of the group’s expectations. However, it had posted a drop in full-year revenue and profits.

Mining giant Fresnillo had reported an increase in full-year revenue and profit, driven by higher precious metal prices. However, the Company had warned regarding Covid-19 related uncertainty.

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