FTSE 100 Edges Higher as Oil-Linked Stocks, SSE Rise -- Market Talk

Dow Jones

Nov 25, 2022

0922 GMT - The FTSE 100 edges up 0.2% to 7482.02, helped by gains in energy stocks but U.K. economic concerns limit gains. "The Thanksgiving holiday in the U.S. and relatively muted slate of market news in the U.K. means the FTSE 100 is broadly expected to end the week on a calm note," Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, writes. However, concerns remain about consumer sentiment and economic growth, she says. Oil giant Shell is up 0.8% as oil prices rise, while energy company SSE rises 0.6% after agreeing to sell a 25% stake in its U.K. transmission business for GBP1.47 billion. Property and retail stocks are mostly lower, with Persimmon losing 2.2% and Ocado down 2%. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

November 25, 2022 04:22 ET (09:22 GMT)

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However, concerns remain about consumer sentiment and economic growth, she says. Oil giant Shell is up 0.8% as oil prices rise, while energy company SSE rises 0.6% after agreeing to sell a 25% stake in its U.K. transmission business for GBP1.47 billion. Property and retail stocks are mostly lower, with Persimmon losing 2.2% and Ocado down 2%. 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