FTSE 100 heads north
On Thursday, British shares fluctuated, with stocks of EasyJet PLC tumbling after the air carrier issued a revenue warning.
The FTSE 100 gained 1.46 point, being worth 7,034.20. Commodity and technology stocks were under pressure. At the same time industrial, financial and consumer goods shares rose.
On Wednesday, the index sagged 0.6%, affected by concern that the ECB might be considering scaling back its monetary easing program in the nearer future. Market participants who have already sold bonds to the ECB might have utilized the proceeds for the purpose of snapping up British assets, including London-listed equities.
EasyJet shares stood still having dipped 7.2%. During early trade they tumbled 8.9% after the budget airline forecast its full-year revenue could sag as much as 29%, explaining it by a slowing in bookings after terrorist attacks as well as the plunge in the sterling after Brexit.
Meanwhile, BAE Systems PLC shares ascended 0.7%.