FTSE 100 Climbs for 4th Session
The FTSE index saw an uptick of 0.9% on Tuesday, marking its fourth day of continuous gains driven by investor attention on corporate earnings. Shares of Vodafone surged approximately 7%, following the telecom giant's announcement of a stronger-than-anticipated 5.4% growth in Q4 service revenue on an organic basis, surpassing the projected 4.2%. Additionally, Greggs experienced a significant increase, with shares jumping over 9% after the bakery chain disclosed improved trading conditions and robust revenue growth. In the first 20 weeks of the year, like-for-like sales increased by 2.9%, while overall sales rose by 7.4%. Concurrently, merger and acquisition activity in the insurance sector regained momentum, spurred by reports that life insurer and pension consolidator Chesnara is contemplating a bid for HSBC's UK life insurance division.
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