9 months, 2 weeks ago
Unilever helps lift FTSE 100 into the green ahead of new UK inflation data
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FTSE 100 moved higher on Tuesday with investors in good spirits ahead of an expected drop in the rate of UK inflation and a strong session for consumer goods giant Unilever. AJ Bell’s head of financial analysis, Danni Hewson, said: “Unilever has topped the FTSE 100 after announcing thousands of job cuts and doubling down on its promise to do fewer things better and with greater impact. “It has shown investors that chief executive Hein Schumacher is seriously focused on delivering what he’s promised, and it has set the jungle drums beating about where this tasty new company might decide to call home.” The gains helped offset bigger losses for rival consumer goods group Reckitt Benckiser, with shares trading about 4.5% lower. Elsewhere, Close Brothers shares moved higher after the banking group said it was planning on strengthening its balance sheet as it prepares for the outcome of the financial regulator’s review into the motor finance market.
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