Mining stocks drove gains for the FTSE 100 on Wednesday, after Goldman Sachs lifted shares of Glencore to buy. Shares of major oil companies also rose after an upbeat demand forecast from the International Energy Agency.
The FTSE 100 index
UKX,
Shares of AstraZeneca
AZN,
“Based on the scientific findings, our overall assessment is there is a real risk of severe side effects associated with using the COVID-19 vaccine from AstraZeneca. We have, therefore, decided to remove the vaccine from our vaccination program,” said the Danish health authority’s director general Søren Brostrøm, in a press statement.
On the downside, shares of Tesco
TSCO,
“There hasn’t been a bigger live stress as that experienced by supermarkets over the past 13 months and Tesco and others will have learned valuable lessons in how to operate under intense pressure,” said Russ Mould, investment director at AJ Bell.
“That should provide benefits in the longer term, but for now Tesco shareholders will have to make the most of the small bone they’ve been thrown. The supermarket’s decision not to cut the dividend despite falling profits is a small token of its thanks, but some investors will no doubt still feel disappointed,” Mould said.
Heavily-weighted miner Glencore
GLEN,
Elsewhere in the commodity space, energy companies BP
BP,