London Stock Exchange closes in red (-0.33%) after knowing the balance sheet

This content was published on Oct 27, 2021 – 16:05

LONDON, October 27 (EFE) – The London Stock Exchange ended the session with wide losses on Wednesday, down 0.33%, after knowing the state’s general budget for the next fiscal year, announced by the Finance Minister. .

London’s major selective index, FTSE-100, lost 24.35 points to 7,253.27 integers.

The day was dominated by Sunak’s announcement, which revealed that UK economic growth has been revised upwards and is set to reach 6.5% this year, up from 4% estimated last March.

In a statement to Parliament, the minister noted that the Office of Budget Responsibility (OBR), which analyzes public finances, expects “the recovery will be faster” than expected after the pandemic.

The minister added that the balance sheet office expects the British economy to grow by 6% in 2022, 2.1% in 2023, 1.3% in 2024 and 1.6% in the following year.

In this context, today’s winners were Taylor Wimpey Group, which posted a profit of 2.66, followed by Entain, which increased 2.35% in value, and then SSE, which rose 2.15%.

On the other hand, insurer Admiral Group ended down 5.51% undervalued, followed by miner Fresnillo which lost 3.50% and Pearson Group that lost 2.97%. EFE

People’s Republic of China / May

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