Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

FTSE 100 gains as pound dips on rising election chances

FTSE 100 gains as pound dips on rising election chances
FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson -
Copyright
SIMON DAWSON(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – London’s main index rose for a fifth straight session on Tuesday as weakness in sterling due to the growing risks of an election brought gains for some internationally-focussed stocks, while inkjet technology firm Xaar tanked after warning on results.

The FTSE 100 <.FTSE> was up 0.2%, outperforming its European peers and Asian markets that were bogged down by the U.S.-China trade tensions, and the FTSE 250 midcap index <.FTMC> also rose by the same measure by 0710 GMT.

Plumbing products company Ferguson <FERG.L> climbed 3%, taking the top spot on the main index, after saying it would separate its UK operations.

Among results-driven moves, Restaurant Group <RTN.L> tumbled 7% to the bottom of the FTSE 250 after posting a loss versus a year-ago profit, while small-cap XAAR <XAR.L> plunged 29% to a 10-year low after warning on annual results.

(Reporting by Muvija M in Bengaluru; Editing by Sriraj Kalluvila)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.