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Lloyds, WPP pull FTSE 100 higher ahead of Fed policy meet

Published 28/04/2021, 08:23
© Reuters.
UK100
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LLOY
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WPP
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FTMC
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(For a Reuters live blog on U.S., UK and European stock
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* FTSE 100 up 0.4%, FTSE 250 adds 0.4%

April 28 (Reuters) - London's FTSE 100 climbed on Wednesday,
boosted by a series of positive earnings updates from companies,
including Lloyds Banking Group and WPP, while investors awaited
the outcome of the U.S. Federal Reserve's policy meeting.
The blue-chip index .FTSE rose 0.4%, with Lloyds Banking
Group LLOY.L jumping 3.7% after Britain's biggest domestic
bank reported upbeat profit for the first three months of the
year. WPP WPP.L gained 3.2% after the world's biggest
advertising company said its underlying net sales had returned
to growth ahead of target as clients started to spend to prepare
for the global economic recovery. Investors' focus has now turned towards the U.S. central
bank, which is expected later in the day to reaffirm that easy
monetary policy will remain in place for a prolonged period and
dismiss any suggestions of tapering bond purchases. The domestically focussed mid-cap FTSE 250 index .FTMC
advanced 0.4%.

 

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