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Product Compliance Coordinator – External Brands Brand Services/h&m Group
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Senior Software Engineer to Payments Online Within Our Checkout Area, h&m Group Business Tech
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Software Engineer to Colleague & Corporate Support, Business Tech h&m Group
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Software Engineer / Azure Cloud Expert to h&m Business Tech
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Software Engineer / Cloud & Api Architect to h&m Business Tech
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Cloud Integration Competence Lead / Software Engineer to h&m Business Tech
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Product Owner – Core Security to h&m Business Tech
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Product Owner – Grc Security to h&m Business Tech
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HR Business Partner to h&m Group Business Tech
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Software Engineer Tech Lead to Business Tech
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Country Sales Manager Sweden
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Content Creator
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Junior Planner to h&m Kids Assortment
Permanent · Stockholm
By
Reuters API
Published
Nov 20, 2020
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London stocks rise on upbeat retail sales data

By
Reuters API
Published
Nov 20, 2020

London stocks inched higher on Friday as upbeat retail sales data, the prospect of easing coronavirus restrictions and hopes for a vaccine set the benchmark indexes on course for their third straight week of gains.




The blue-chip FTSE 100 index rose 0.5%, boosted by aero and pharmaceutical stocks, with energy and mining shares also tracking commodity prices higher.

The domestically focused mid-cap FTSE 250 added 0.2%, led by travel and leisure and retailer stocks.

Official data showed British retail sales rose a higher-than-expected 1.2% in October, ahead of the recent restrictions. A Reuters poll found Britain is on course for a double-dip recession as a result of the renewed lockdown measures.

"The question now is whether the retail sector can pull off an equally rapid rebound after this second lockdown," ING economist James Smith said.

"The answer, we suspect, is mixed."

Meanwhile, UK Health Secretary said Britain may allow a Christmas period with less stringent restrictions as there were signs that domestic coronavirus cases were starting to flatten as a result of the current lockdowns.

Uncertainty over Brexit negotiations has also capped gains on the FTSE 100 this week following a jump of about 13% in the past two weeks.

A senior EU diplomat told envoys in Brussels that an agreement with Britain was very close on most issues, but differences persisted over fishing rights, guarantees of fair competition and ways to solve future disputes.

Among other stock movers, Sage Group Plc tumbled 11.4% after the software firm reported a 3.7% drop in full-year organic operating profit.

British Land fell 1.1% after Barclays cut its target price on the stock.
 

© Thomson Reuters 2020 All rights reserved.

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