UK Shares Gain As Investors Assess Company News, Economic Data > 자유게시판

FTSE 100 rises 0.4%, FTSE 250 gains 0.6%

Mining stocks lead sectoral gains

Shell rejects report on bid for BP

Moonpig falls after forecasting slower development

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Inchcape increases on maintaining full-year outlook

June 26 (Reuters) - UK shares edged higher on Thursday, with the midcap index a two-week peak as financiers absorbed a variety of corporate results and mulled the outlook for rate of interest after data showed softening customer spending.

The internationally focused FTSE 100 rose 0.4% by 1100 GMT, while the locally focused midcap index acquired 0.6%.

Traders also scrutinised Shell ´ s newest comments after the oil giant denied reports of ongoing speak with get competing BP. Shares in both energy business traded partially higher in the early morning.

Industrial and precious metal miners led sectoral gains, tracking greater mineral rates as a weaker dollar made resources cheaper for holders of other currencies.

Fresnillo, Antofagasta, Anglo American and Endeavour Mining each included over 2%.

Car distributor Inchcape gained 6.2% to top the midcap FTSE index after preserving fiscal-year outlook through cost-cutting procedures that balance out U.S. tariffs and increased competition.

The midcap index has outshined the FTSE 100 this quarter and is on track for its most significant quarterly rise since late 2020.

Analysts note that domestically focused companies have actually been reasonably insulated from trade uncertainties, while the UK stays amongst the couple of nations to have actually signed a trade deal with the United States.

On the data front, British retail sales plunged this month and expectations within the market for July also deteriorated, a Confederation of British Industry survey showed.

Recent information reports have signalled a softening economy, and traders are now pricing in a 25 basis point Bank of England rate cut in September, according to LSEG information.

To name a few stocks, Associated British Foods rose 1.1% after the food retailer said it would close the UK's biggest bioethanol plant by September unless the federal government offers assistance - potentially the very first casualty of Britain ´ s tariff handle the United States.

Greeting card retailer Moonpig dropped 9.6% to touch a more than two-month low after forecasting slower incomes development and revealing its CEO ´ s departure.

Outsourcing firm Serco increased 2% on expectations of North American market driven first-half development due to a high volume of defence contracts from last year.

Consultancy Next 15 Group plunged 25% after warning full-year 2026 earnings would significantly miss market expectations. (Reporting by Twesha Dikshit; Editing by Tasim Zahid)