Healthcare, consumer staples push FTSE 100 up, worries of recession fade

Published by
Reuters UK

By Johann M Cherian (Reuters) – UK’s FTSE 100 inched higher on Friday as healthcare and consumer staples stocks gained, while investors were relieved that the domestic economy narrowly avoided a recession late last year. Data by the Office for National Statistics showed the UK’s economic output grew 0.1% in the October to December period, amid expectations that the economy would not show any growth. The FTSE 100 was up 0.2%, as of 0858 GMT. “The fact that you scarcely avoided a recession for the time being is the key positive from the data. Will it be a better year ahead? That’s the key questi…

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