The Ftse 100 ended the month 1.1 per cent higher, significantly outperforming the wider European stock aggregate, which recorded its worst month since October 2020.
Leading gains were the insurance and industrial stocks, up 0.6 per cent and 1.3 per cent respectively.and other silicon vendors on designing its own chip architecture to drive innovation and efficiency in nascent OpenRAN network technology. The domestically focussed mid-cap index rose 1.3 per cent with travel and leisure stocks gaining the most.jumped 12.6 per cent after its annual profit nearly doubled.rose 1.3 per cent following its forecast of a return to growth in 2023, after it posted a half-year loss hurt by charges related to “process issues”.The pan-European Stoxx 600 rose 0.7 per cent, with tech stocks up 3.5 per cent. But the index lost 3.9 per cent in January.
Technology stocks fell 12 per cent in January, their worst month since the height of the 2008 financial crisis, as investors discounted future earnings from the sector on expectations of higher lending rates.