(Reuters) – A surge in oil major BP offset steep losses in consumer goods giant Reckitt Benckiser and energy utility Centrica and lifted London’s FTSE 100 to a fresh 11-month high on Tuesday.
The main index <.FTSE> added 0.2%, with BP <BP.L> providing the biggest boost to the index after the company’s second-quarter profit topped estimates. The mid-cap FTSE 250 <.FTMC> also rose 0.2% by 0707 GMT.
British Gas parent Centrica <CNA.L> sank 10.1% to its lowest level in more than two decades as it slashed its dividend and said its chief executive would step down.
Reckitt <RB.L> lost 5.3% after the maker of Durex condom and Lysol disinfectant cut its full-year revenue view and said a slowdown in demand for infant formula in the United States and China had hit second-quarter sales.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Saumyadeb Chakrabarty)