The FTSE 100 closed up 0.6% Friday driven by defense and aerospace companies such as Rolls-Royce and BAE Systems after heightened tensions in the Middle East. “Rising oil prices following the bombing of Houthi military targets by the U.S. and U.K. in Yemen and a better-than-forecast expansion of month-on-month U.K. GDP growth helped the FTSE 100 to a positive close,” IG analyst Axel Rudolph said in a note. Endeavour Mining was the session’s highest performer, up 3.8%, followed by JD Sports Fashion and Fresnillo, up 3.8% and 3.05%, respectively. Burberry Group led the session’s fallers, down 5.5%, followed by IAG, which fell 2.9% and Centrica, down 1.5%.
COMPANIES NEWS:
Burberry Cuts Guidance as Luxury Demand Deteriorates
Burberry cut its fiscal 2024 guidance after luxury demand slowed further during December’s key trading period.
—
Warpaint London Sees Full-Year Results Ahead of Raised Views
Warpaint…
