FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to profit
Deliveroo jumps 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 companies leading gains in the benchmark index, while U.S. trade stayed in focus.
The blue-chip FTSE 100 was almost flat but 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 got 1.1%, with AstraZeneca and GSK enhancing the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market sentiment was supported by indications of reducing U.S.-China trade tensions last week. However, unpredictabilities about the worldwide trade war continued.
Entain ended up 6.8%, after the British gaming company's joint venture 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 gotten a takeover proposition 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 anticipate conditions to intensify next month, according to a survey that showed concerns about development and customer confidence.
Britain has actually proposed a broad declaration of shared values with the European Union that stresses assistance for Ukraine's territorial integrity, the Paris Climate Agreement and open and open market, according to a draft file seen by Reuters.
Although it does not point out the Trump administration by name, a number of aspects of the text present a striking contrast to current U.S. policies.
Separately, trade ministers of UK and India started two days of speak to conclude more than 3 years of settlements 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)