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London stocks rise on upbeat earnings; Dunelm jumps

Published by linker 5

Posted on February 10, 2021

1 min read

· Last updated: January 21, 2026

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Pedestrians entering and exiting the London Stock Exchange during positive market performance - Global Banking & Finance Review
A bustling scene outside the London Stock Exchange as UK stocks rise on positive earnings reports. This image reflects the recent market activity influenced by strong corporate results, notably Dunelm's dividend resumption.

(Reuters) – UK stocks rose on Wednesday as a clutch of positive corporate results helped outweigh concerns about the economic impact from prolonged coronavirus-induced lockdowns, with Dunelm jumping after saying it would resume dividend payouts.

The homeware retailer also reported a higher first-half profit on strong online demand, sending its shares 6.1% higher.

The blue-chip FTSE 100 was up 0.6% by 0806 GMT, with the financials sector tracking gains in Europe after upbeat earnings from Societe Generale and Dutch bank ABN Amro. The mid-cap FTSE 250 index rose 0.4% to extend gains into an eighth straight session.

Asian stocks hit a record high earlier in the day on hopes of more U.S. fiscal stimulus to boost economic growth. [MKTS/GLOB]

Homebuilder Redrow added 0.4% after reporting an 11% rise in its first-half profit, while insurer Lancashire rose 2.3% as it posted a surprise profit for the year.

(Reporting by Amal S in Bengaluru; editing by Uttaresh.V)

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