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FTSE 100 rises on tariff delay; Morrisons jumps on profit beat

FTSE 100 rises on tariff delay; Morrisons jumps on profit beat
FILE PHOTO: A trader sits at his desk at IG Index in London September 9, 2014. REUTERS/Luke MacGregor -
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Luke MacGregor(Reuters)
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(Reuters) – London’s blue-chip index edged higher on Thursday, as a two-week U.S. tariff reprieve on Chinese imports lifted investor sentiment, while supermarket chain Morrisons gained after its profit surpassed expectations.

The FTSE 100 index <.FTSE> rose 0.1%, boosted by heavyweight miners after U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports. The mid-cap index <.FTMC> added 0.2% by 0707 GMT.

Morrisons <MRW.L> climbed 4% to the top of the FTSE 100 after the No. 4 grocer in Britain posted a 5.3% rise in first-half pretax profit that beat analysts’ forecasts and announced a special dividend.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Bernard Orr)

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