FTSE 100 Posts Longest Winning Streak In More Than 5 Years,
Entain gains after BetMGM swings to benefit
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 healthcare companies leading gains in the benchmark index, while U.S. trade policy advancements stayed in focus.
The blue-chip FTSE 100 was almost flat but published its 11th successive winning . The index likewise posted its longest winning streak given that December 2019.
The midcap FTSE 250 got 0.6%.
Healthcare stocks acquired 1.1%, with AstraZeneca and GSK enhancing the highest 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 worldwide trade war continued.
Entain completed up 6.8%, after the British gaming firm's joint venture with MGM Resorts, BetMGM, swung to first-quarter revenue in an e-betting surge.
Deliveroo jumped 16.5%, leading the gains on the midcap index, after validating on Friday that it had gotten a takeover proposition from U.S. peer DoorDash on April 5.
On the data side, British retail sales volumes fell by the smallest amount since October this month however stores expect conditions to aggravate next month, according to a study that reflected concerns about growth and customer confidence.
Britain has proposed a broad declaration of shared worths with the European Union that stresses assistance for Ukraine's territorial integrity, the Paris Climate Agreement and open and totally free trade, according to a draft document seen by Reuters.
Although it does not mention the Trump administration by name, a number of aspects of the text provide a striking contrast to current U.S. policies.
Separately, trade ministers of UK and India started 2 days of speak to conclude more than three years of settlements on a trade pact, under extra pressure to reach a deal because 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)