FTSE jumps back above 7000 points – live updates
gHello. Rising oil prices helped Royal Dutch Shell return to the dark at the start of the year, reporting a rise in profits to £ 4.08 billion.
The oil giant has raised its dividend by 4% after the price of crude has risen by about a third this year so far.
Elsewhere, NatWest followed rivals Lloyds and HSBC in reporting an increase in profits as it slashed reserves set aside for loans it said were going to go wrong.
5 things to start your day
1) BT Sport on sale in the broadband push: The telecommunications giant is in talks with potential partners, including Amazon and Disney, on the transfer of a stake in its television branch.
2) IPhone sales hit $ 48 billion as Apple grows at the fastest pace since 2012: The U.S. tech giant said quarterly revenue climbed 54% year on year to $ 89.6 billion (£ 64.3 billion), driven by $ 47.9 billion from the iPhone alone.
3) The cargo company “ Pocket ” has fixed itself for a London float of 250 million dollars: Shipping company Taylor Maritime Investments (TMI) is expected to announce today its plan for a $ 250million (£ 180million) float in London.
4) The Covid crisis in India could spoil the global recovery: The scale of the outbreak poses a significant risk to other countries, many of which are critical to UK business supply chains.
5) The end of the stamp duty holiday will not hamper the housing market, Lloyds says: House prices will remain robust after Covid altered buyers’ tastes and sparked a scramble for the country, the UK’s largest mortgage lender has said.
What happened overnight
Asian stocks rose Thursday and US futures were also higher after President Joe Biden delivered a speech to Congress in which ambitious plans to create jobs created spending on preschool education, child care. children and other utilities.
In Asian trade, Japanese markets have been closed for holidays. The Hong Kong Hang Seng rose 0.6% to 29,231.73 and the Shanghai Composite Index rose 0.2% to 3,463.10. In Seoul, the Kospi gained 0.2 pc to 3,186.28. The Australian S & P / ASX 200 added 0.4 pc to 7,090.10.
Business: WH Smith, Indivior, Royal Dutch Shell, Standard Chartered (Temp worker); DS Smith, Evraz, Glencore, Flutter Entertainment, Howden Joinery, Inchcape, Kaz Minerals, Meggitt, NatWest, Smith & Nephew, St James’s Place, Unilever, Weir Group (Commercial update)
Economy: National House Price Index (UK); unemployment rate (Ger); consumer confidence (EU); unemployment benefit claims (WE)