The London stock market opened up today despite Boris Johnson putting England into its third national lockdown, imposing the toughest restrictions since last March. Chancellor Rishi Sunak's plans to offer further help to businesses struggling under the renewed coronavirus restrictions also aided sentiment. The FTSE 100 has opened up slightly and even the FTSE 250 stuffed with domestically focused companies only fell marginally as trading began. The retailer did warn though that costs of the fresh lockdown and its end of season sale could wipe out that festive rise in revenues. Many companies had glimpsed light at the end of the tunnel but now that tunnel appears much longer.

Source: Daily Mail January 05, 2021 08:42 UTC