BEST AND WORST PERFORMING SECTORS
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Best performing sector in the FT-SE 100 last week was health care, which rose 4.8 per cent on the week. The sector includes medical diagnostic stocks, which rose on optimism that new products and growing sales will drive profit growth ahead rapidly. Drew Scientific and Tepnel Life Sciences were the biggest gainers.
The second best performing sector was water, which rose 3.3 per cent on reports that an incoming Labour government will propose a windfall tax that will raise between pounds 3bn and pounds 5bn rather than pounds 10bn that had previously been feared.
THE WORST performing sector was electronics and electrical equipment, which fell 2.5 per cent on the week. GEC, the sector bellwether, dropped 3.5 per cent after suffering two setbacks to its efforts to expand in France. The French government, citing security reasons, has prevented it from bidding for a controlling stake in defence electronics maker Thomson- CSF. Framatome, a nuclear reactor maker, said its planned merger with GEC Alsthom was also unlikely to succeed. Copyright: IOS & Bloomberg
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments