Entain gains after BetMGM swings to benefit
Deliveroo leaps 17% after DoorDash takeover proposal
FTSE 100 flat, FTSE 250 gains 0.6%
(Updates after markets close)
April 28 (Reuters) - British equities ended higher on Monday with heavyweight healthcare companies leading gains in the benchmark index, while U.S. trade policy advancements remained in focus.
The blue-chip FTSE 100 was nearly flat but published its 11th consecutive winning session. The index likewise published its longest winning streak given that December 2019.
The midcap FTSE 250 got 0.6%.
Healthcare stocks got 1.1%, with AstraZeneca and GSK improving the highest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by indications of reducing U.S.-China trade stress last week. However, unpredictabilities about the worldwide trade war continued.
Entain ended up 6.8%, after the British gaming company's joint endeavor with MGM Resorts, BetMGM, swung to first-quarter revenue in an e-betting surge.
Deliveroo leapt 16.5%, leading the gains on the midcap index, after verifying on Friday that it had received a takeover proposal from U.S. peer DoorDash on April 5.
On the data side, British retail sales volumes fell by the smallest amount because October this month however shops expect conditions to get worse next month, according to a study that reflected concerns about growth and consumer self-confidence.
Britain has actually proposed a broad statement of shared worths with the European Union that emphasises assistance for Ukraine's territorial stability, the Paris Climate Agreement and open and complimentary trade, according to a draft file seen by Reuters.
Although it does not discuss the Trump administration by name, several elements of the text present a striking contrast to present U.S. policies.
Separately, trade ministers of UK and India began 2 days of speak with conclude more than 3 years of settlements on a trade pact, under extra pressure to reach a deal 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)