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.

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 -
Luke MacGregor(Reuters)
Euronews logo
Text size Aa Aa

(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)

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