Energy, Mining Stocks Boost FTSE 100; Set for Weekly Gain

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FTSE 100 up 0.2, FTSE 250 off 0.1

June 25 Reuters Energy and mining stocks led the FTSE 100 higher on Friday on the back of higher commodity prices, setting up the bluechip index for weekly gains following a boost from a dovish central bank policy in the previous session.

The benchmark FTSE 100 index rose 0.2. Energy shares climbed 1.02, while miners BHP Group , Anglo American and Rio Tinto gained between 0.4 and 1.2.

Building materials business CRH was among the top gainers on the FTSE 100 after brokerage Berenberg raised its target price on the stock.

The domestically focussed midcap index eased 0.1.

Travel stocks slid 0.4 even as Britain was set to publish plans to allow fully vaccinated people travel unrestricted to all countries except those with the highest COVID19 risk.

UDG Healthcare added 0.9 after it said private equity firm Clayton, Dubilier Rice CDR was considering raising its offer to buy the healthcare company to 1,080 pence per share.

Reporting by Shashank Nayar in Bengaluru; editing by Uttaresh.V

Source Reuters

 

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