BEST AND WORST PERFORMING SECTORS
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Best performing sector this week was the electrical and electronic sector which rose 9.7 per cent. This was led largely by the gains in GEC, the bellwether of the sector, which rose on takeover speculation. Brokers are also positive on the outlook for Siebe.
The second best performing sector was tobacco, which gained 8.4 per cent. BAT rose by 8.5 per cent as the negotiators for the tobacco industry and its opponents in the US moved closer to a landmark settlement of litigation claims. The deal is regarded as very positive for the industry.
The Worst performing sector in the industry this week was water, which fell 2.68 per cent. Severn Trent and Hyder announced annual results for 1996. Severn's profits showed an unremarkable 4 per cent rise. Hyder's profits were more impressive but the company was cautious on the outlook for dividend growth in future years.
The stories, graphs and other materials included in the business section are a combination of items the copyright in which belongs to either Newspaper Publishing plc or Bloomberg LP or their respective licensors Copyright: IOS & Bloomberg
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments