January 10, 2020 / 8:21 AM / 10 days ago

Airlines take FTSE 100 higher; retailers lag

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 up 0.4%, FTSE 250 up 0.2%

* Ryanair gains after raising forecast, buoys rivals

* Retailers suffer on weak Christmas updates

Jan 10 (Reuters) - London’s FTSE 100 gained on Friday as airline stocks took off after Irish carrier Ryanair raised its profit forecast and the broader sentiment improved as tensions in the Middle East subsided.

The FTSE 100 added 0.4%, led by easyJet and British Airways owner IAG, which rose 6% and 4%, respectively. Ryanair’s London-listed shares surged 9% to their highest since June 2018.

Retailers came under pressure, with Superdry tanking 20% and Joules Group plummeting 33% to a life low after both firms warned of a hit to annual earnings.

The FTSE 250 gained 0.2%, but the bourse’s advance was limited by a 7% slide in retailer B&M after it said sales growth slowed in the Christmas quarter. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below