UK Stock Markets Surge Amidst Financial Updates and Trade Deal Hopes
London's stock market saw gains, led by Rolls-Royce with a 9.2% rise. The FTSE 100 increased by 0.2% and FTSE 250 by 0.9%, driven by optimism over a Bank of England rate cut and a trade deal with the U.S. Various corporate updates influenced market dynamics, including Rentokil's growth and Just Group's acquisition.
London's primary stock fractions rose on Thursday, sparked by positive updates from corporate stalwarts such as Rolls-Royce. Investors also navigated a flurry of new tariff announcements.
The FTSE 100, internationally diversified, climbed 0.2% by 0928 GMT, marching towards monthly gains supported by hopes of a Bank of England rate reduction and anticipated UK-U.S. trade negotiations. Meanwhile, the midcap FTSE 250 saw a more robust 0.9% increase.
Aerospace and defense took the lead in sectoral gains, driven by Rolls-Royce hitting record highs and boosting its annual profit outlook. In contrast, industrial miners faced declines, reflecting falling copper prices. Additional corporate updates included Rentokil's revenue growth and Just Group's acquisition announcement.
(With inputs from agencies.)
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