Business
These UK Stocks Are Expected To Pay Bumper Dividends But Beware Of Broken Promises
July 8, 2021
January 17, 2025
By Evans Momodu
1 minute read
After being subdued by market turbulence over the past 10 days, the UK’s benchmark stock index surged to a new daytime high this morning.
The FTSE 100, which tracks the largest companies on the London Stock Exchange, briefly achieved a record trading-day level, also known as an intraday high. Rising by nearly 1%, the index is now on track for a record close.
Most of the index’s constituents—90 out of 100—saw gains. Leading the way was gambling giant Entain, the owner of Coral and Ladbrokes, with its share price soaring 4.6%. British aerospace multinational Smiths Group followed closely, climbing 4.31%.
The weak pound has played a key role in this rally, making the internationally-focused FTSE 100 companies more attractive to investors. As their shares are perceived as better value, they’ve been snapped up, thereby driving prices higher.
Source: Sky news
