UK Shares Gain As Investors Assess Company News, Economic Data > 자유게시판

FTSE 100 rises 0.4%, FTSE 250 gains 0.6%

Mining stocks lead sectoral gains

Shell rejects report on quote for BP

Moonpig falls after anticipating slower development

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Inchcape increases on maintaining full-year outlook

June 26 (Reuters) - UK shares edged higher on Thursday, with the midcap index hitting a two-week peak as financiers absorbed a variety of corporate results and mulled the outlook for rate of interest after information suggested softening consumer costs.

The internationally focused FTSE 100 rose 0.4% by 1100 GMT, while the locally focused midcap index got 0.6%.

Traders also scrutinised Shell ´ s newest remarks after the oil giant rejected reports of ongoing talk with BP. Shares in both energy companies traded partially higher in the early morning.

Industrial and rare-earth element miners led sectoral gains, tracking greater mineral costs as a weaker dollar made resources cheaper for holders of other currencies.

Fresnillo, Antofagasta, Anglo American and Endeavour Mining each included over 2%.

Car supplier Inchcape acquired 6.2% to top the midcap FTSE index after preserving fiscal-year outlook through cost-cutting measures that balance out U.S. tariffs and increased competition.

The midcap index has actually surpassed the FTSE 100 this quarter and is on track for its most significant quarterly rise since late 2020.

Analysts note that locally focused companies have actually been relatively insulated from trade unpredictabilities, while the UK remains amongst the couple of nations to have actually signed a trade handle the United States.

On the data front, British retail sales dropped this month and expectations within the market for July also deteriorated, a Confederation of British Industry study revealed.

Recent data reports have signified a softening economy, and traders are now pricing in a 25 basis point Bank of England rate cut in September, according to LSEG data.

Among other stocks, Associated British Foods increased 1.1% after the food retailer stated it would close the UK's biggest bioethanol plant by September unless the government provides support - potentially the first casualty of Britain ´ s tariff offer with the United States.

Greeting card seller Moonpig plunged 9.6% to touch a more than two-month low after forecasting slower profits development and revealing its CEO ´ s departure.

Outsourcing company Serco increased 2% on expectations of North American market driven first-half development due to a high volume of defence contracts from in 2015.

Consultancy Next 15 Group plunged 25% after cautioning full-year 2026 profit would substantially miss market expectations. (Reporting by Twesha Dikshit; Editing by Tasim Zahid)