FTSE CLOSE: Markets lifted by hopes for US-China trade talks; Morrisons hails fourth Christmas of growth; Footasylum warns of lower profits
- Morrisons has chalked up its fourth Christmas of growth with a 3.6% sales rise
- Footsaylum has warned that profits will be at the lower end of expectations
- Greene King reveals 10.9% increase in like-for-like sales over the past two weeks
- FTSE 100 closed up 50.72 points, or 0.7 per cent, at 6,861.60
The FTSE 100 closed 50.72 points higher, or 0.7 per cent, at 6,861.60 as hopes for the US-China trade talks and some optimistic words from President Trump added to the bullish move.
Over the all-important festive period, Morrisons’ like-for-like sales rose 3.6 per cent, making it the supermarket’s fourth consecutive Christmas of growth.
Meanwhile, Footasylum has cautioned that profits for the full-year will come in at the lower end of City forecasts after heavy discounting weighed on the firm’s bottom line.
And Greene King posted solid figures, as the group revealed a 10.9 per cent increase in like-for-like sales over the past two weeks, and Christmas Day was a record in terms of sales.