Royal Mail, Restaurant Group pull FTSE 250 higher

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FTSE 100 up 0.1, FTSE 250 adds 0.4

May 25 Reuters Londons FTSE 250 index rose on Tuesday, helped by gains in Restaurant Group and Royal Mail, while a jump in Aveva Group kept the FTSE 100 index afloat.

The domestically focussed midcap FTSE 250 index advanced 0.4. Restaurant Group jumped 3 after the Frankie Bennys owner said sales were recovering nicely as Britons stepped out to dine after the lifting of lockdowns.

Royal Mail climbed 4.3 after Peel Hunt upgraded the stock to buy from hold.

The bluechip FTSE 100 index rose 0.1, with industrial software company Aveva adding 4.3 after saying the business environment had improved in most of its major markets, giving it confidence about the year ahead.

However, gains on the index were limited as a stronger pound weighed on large dollarearning consumer staple companies including British American Tobacco, Diageo and Imperial Brands. Reporting by Devik Jain in Bengaluru; Editing by Subhranshu Sahu

Source Reuters

 

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