LONDON (Reuters) - UK shares jumped to a three-week high on Wednesday as upbeat results from Standard Chartered
The blue-chip FTSE 100 <.FTSE> was up 1.3 percent at 1002 GMT, with energy and financials providing the biggest lift as results eased investor worries about slowing corporate earnings and Brexit.
"This rebound could well be down to some end-of-month position adjusting. However, there have been some indications in the past few days that we might be starting to see a bit of a short-term base, with most of the bad news already priced in to some extent," said Michael Hewson, chief market analyst at CMC Markets UK.
The market was bracing for results tech heavyweight Apple Inc's
But on the home front, investors drew comfort from Standard Chartered's better than expected profit even as the Asia-focused lender warned that the escalating Sino-U.S. trade war was weighing on business sentiment in its core emerging markets. The shares were up 4.6 percent.
Smurfit Kappa, meanwhile, jumped 3 percent after the Irish packaging group reported consensus-busting earnings and announced an acquisition in Serbia. The news lifted peer DS Smith
Oil majors extended Tuesday's rally, with BP
Among the handful of losers on the blue-chip board was retailer Next
The news underscored concerns about the challenging business conditions on the high street, dragging down Marks & Spencer
Elsewhere, William Hill's
(Reporting by Josephine Mason; Editing by David Goodman)