FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to profit
Deliveroo jumps 17% after DoorDash takeover proposal
FTSE 100 flat, FTSE 250 gains 0.6%
(Updates after markets close)
April 28 (Reuters) - British equities ended higher on Monday with heavyweight health care companies leading gains in the benchmark index, while U.S. trade policy developments remained in focus.
The blue-chip FTSE 100 was almost flat however published its 11th consecutive winning session. The index also published its longest winning streak considering that December 2019.
The midcap FTSE 250 gained 0.6%.
Healthcare stocks acquired 1.1%, with AstraZeneca and GSK boosting the greatest gains in the FTSE 100, up 1.2% and 1.4% respectively.
Market belief was supported by signs of easing U.S.-China trade tensions last week. However, uncertainties about the global trade war continued.
Entain completed up 6.8%, after the British betting company's joint endeavor with MGM Resorts, BetMGM, swung to first-quarter revenue in an e-betting rise.
Deliveroo jumped 16.5%, leading the gains on the midcap index, after validating on Friday that it had received a takeover proposition from U.S. peer DoorDash on April 5.
On the data side, British retail sales by the tiniest quantity since October this month but stores expect conditions to intensify next month, according to a survey that reflected concerns about growth and customer confidence.
Britain has actually proposed a broad declaration of shared values with the European Union that emphasises support for Ukraine's territorial integrity, the Paris Climate Agreement and open and complimentary trade, according to a draft file seen by Reuters.
Although it does not point out the Trump administration by name, a number of components of the text present a striking contrast to current U.S. policies.
Separately, trade ministers of UK and India started two days of speak with conclude more than three years of negotiations on a trade pact, under additional pressure to reach an offer due to the fact that of U.S. President Donald Trump's tariffs on exports to the U.S. (Reporting by Sanchayaita Roy and Ragini Mathur in Bengaluru; Editing by Varun H K, William Maclean)