UK’s FTSE 100 edges up as consumer staples offset commodity slump

Published by
Reuters UK

By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -UK’s top share index edged up on Tuesday, as gains in defensive sectors outweighed mining and energy stocks pulled down by strict COVID-19 lockdowns in China and prospects of further central bank tightening. The blue-chip FTSE 100 ended up 0.2% and the domestically oriented FTSE 250 index rose 0.1%. Defensive sectors such as consumer staples that tend to be less sensitive to the economic climate boosted the FTSE 100 index. Unilever, Reckitt Benckiser and British American Tobacco rose near 1% each. Capping gains on the resource-heavy FTSE 10…

Read More

See also  Reggie Ragland excited to face Derrick Henry for AFC title on Sunday

Leave a Reply