FTSE 100 heads for biggest annual gain in 5 years – Reuters

A man using a protective face mask strolls past the London Stock Exchange Group building in the City of London monetary district. March 9, 2020. REUTERS/Toby MelvilleRegister now for FREE unlimited access to Reuters.comRegisterBritish blue-chip shares gained 14.3% in 2021UK markets shut on MondayFTSE 100 and FTSE 250 down 0.3% in half-day tradingDec 31 (Reuters) – UKs FTSE 100 ended 2021 with its best yearly performance in five years on the back of gains in commodity-linked and industrial stocks although the index fell in Fridays holiday-thinned trading.The benchmark index (. FTSE) decreased 0.3%, hit by concerns around surging COVID-19 cases as the United Kingdom reported a record rise in day-to-day infections. read more British blue-chip shares acquired 14.3% in 2021 however underperformed their European and U.S. peers, which have actually scaled multiple record highs.Register now free of charge limitless access to Reuters.comRegister”There are still issues that the true impact of Brexit hasnt been really apparent even if of the COVID-19 pandemic and the logistics crisis caused by the lockdowns,” stated David Madden, market expert at Equiti Capital.”International fund supervisors are total still taking cash out of the UK and putting it somewhere else.”UKs FTSE 100 has actually acquired 14.3% in 2021Mining (. FTNMX551020) and industrial stocks (. FTNMX502050) were among the leading boosts to the FTSE 100 in 20201, with miner and trader Glencore (GLEN.L) and building and construction provider Ferguson (FERG.L) both increasing more than 50% in 2021. Madden stated heavy industries got an increase this year from a develop of pent-up need during lockdowns that far outmatched supply in this years economic resuming.”Industrials saw the orders jump to the roofing and in turn they went into overdrive area,” he said.Energy stocks (. FTNMX601010) posted their finest year since 2016, ending a three-year slump, as the global economic recovery and producer restraint triggered a jump in crude oil prices.The mid-cap FTSE 250 index (. FTMC) declined 0.3% on Friday due to a drop in customer discretionary stocks such as Watches of Switzerland Group (WOSG.L), however was on track for its seventh consecutive quarter of gains.UK markets closed early on Friday, the last day of 2021, and will stay closed on Monday.Register now totally free endless access to Reuters.comRegisterReporting by Bansari Mayur Kamdar in Bengaluru; Editing by Devika Syamnath, Aditya Soni and Timothy HeritageOur Standards: The Thomson Reuters Trust Principles.

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