FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to profit
Deliveroo leaps 17% after DoorDash takeover proposition
FTSE 100 flat, FTSE 250 gains 0.6%
(Updates after markets close)
April 28 (Reuters) - British equities ended higher on Monday with heavyweight health care business leading gains in the benchmark index, while U.S. trade policy advancements remained in focus.
The blue-chip FTSE 100 was nearly flat however published its 11th successive winning session. The index likewise published its longest winning streak because December 2019.
The midcap FTSE 250 acquired 0.6%.
Healthcare stocks gained 1.1%, with AstraZeneca and GSK improving the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by signs of easing U.S.-China trade tensions recently. However, uncertainties about the global trade war continued.
Entain finished up 6.8%, after the British betting firm's joint endeavor with MGM Resorts, BetMGM, swung to first-quarter revenue in an e-betting rise.
Deliveroo jumped 16.5%, leading the gains on the midcap index, after validating on Friday that it had actually received a takeover proposal from U.S. peer DoorDash on April 5.
On the information side, British retail sales volumes fell by the tiniest quantity since October this month however shops expect conditions to intensify next month, according to a study that reflected issues about development and .
Britain has actually proposed a broad statement of shared worths with the European Union that emphasises support for Ukraine's territorial stability, the Paris Climate Agreement and open and totally free trade, according to a draft file seen by Reuters.
Although it does not point out the Trump administration by name, a number of elements of the text provide a striking contrast to current U.S. policies.
Separately, trade ministers of UK and India started 2 days of talks to conclude more than 3 years of negotiations on a trade pact, under extra pressure to reach an offer because of U.S. President Donald Trump's tariffs on exports to the U.S. (Reporting by Sanchayaita Roy and Ragini Mathur in Bengaluru; Editing by Varun H K, William Maclean)